Category: Upstream Ideas

Offshore Safety Permit (OSP) is a Personnel Accountability System (PAS) designed by the Department of Petroleum Resources for the tracking of personnel working in Onshore and Offshore locations, managing installations owned and/or operated by Oil and Gas operators and contractors in Nigeria. The fundamental purpose of OSP is to account for and save the lives of the …

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Deepsea Stavanger; Source: PSA French oil company Total has made a significant gas condensate discovery at the Brulpadda prospect on Block 11B/12B offshore South Africa.  Total started drilling the Brulpadda-1AX re-entry well in late December 2018, using the Deepsea Stavanger drilling rig. The results of the well were announced on Thursday by Africa Energy Corp., which holds a 4.9% effective …

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Oslo-listed offshore drilling company Seadrill has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. For Illustration: A Seadrill drillship / Image source: SeadrillSeadrill said on Wednesday that the new joint venture, Sonadrill, would operate four drillships, focusing on opportunities in Angolan waters. Each …

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Oslo-listed Panoro Energy has revealed plans to increase daily output and the reserve base on its Tunisian TPS assets which it recently bought from OMV and is also preparing for drilling at the Sfax offshore permit. Map by Panoro Energy Panoro said on Friday that the highest impact near-term opportunity would be the resumption of …

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Latin America and southern and western Africa are the regions to keep a close eye on when in comes to offshore exploration, energy intelligence group Wood Mackenzie said in its analysis on Monday, also sharing the top five offshore exploration wells expected to be drilled in 2019. One of them could potentially hold 5 billion barrels. …

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Anglo African Oil & Gas plc, an independent oil and gas developer, has informed that TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. Aerial view of AAOG Congo site / Image AAOGThe Tilapia field is located 1.8 kilometers offshore of the …

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U.S. oil major ExxonMobil was the leader of the pack among the top oil and gas explorers of 2018, boosted by its string of offshore oil discoveries in the Latin American country. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,” said Rystad Energy head of upstream research Espen Erlingsen. Erlingsen …

Continue reading "Rystad: Guyana makes Exxon leader of 2018 exploration pack"

French oil major Total is reportedly working on sanctioning the development of its Ikike project in Nigeria. Reuters has reported this week that the oil company’s CEO Patrick Pouyanne said at a conference that the offshore project would be approved “in the coming months.” The story of Ikike sanction has been reactivated almost exactly a …

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Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has signed a binding agreement for up to $20 million with Barak Fund SPC Limited, a credit fund focused on Africa. Sirius said on Monday that the $20 million would contribute to the funding of the first phase of the Ororo field development, more …

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