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British explorer bound to submit a pre-feasibility study to the authorities Savannah Petroleum has signed “a legally binding Memorandum of Understanding” with the Government of the Republic of Niger. The MOU affirms both Parties’ commitment to the realisation of a proposed early production scheme (“EPS”) utilising crude oil resources associated with Savannah’s recent discoveries in …
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By Gerard Kreeft In September 2015 the rig count in Angola was a robust 22; by June of 2018 this decreased to 4 rigs! Is this the new reality? Will $80 per barrel of oil help move the rig activity to new levels? The rig count is a vibrant sign how well the oil and …
BW Energy has made an oil discovery in the Ruche North East Marin-1 (DRNEM-1) well drilled in the Dussafu Marin PSC, offshore Gabon. The Dussafu license is operated by BW Energy Gabon (BWEG), which holds a 91.667 percent interest, while Panoro holds an 8.333 percent interest as a partner. BW Energy is a subsidiary of …
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Oil and gas company New Age has spud the IE-4 appraisal well at the Etinde block offshore Cameroon. The Etinde block is operated by New Age with a 37.5% working interest. Bowleven and Lukoil are partners with a 25% and 37.5% working interest, respectively. Bowleven announced the spud of the IE-4 well, the second of …
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