FAR Limited has advised that it has satisfied the condition precedent for the sale of its interest in the RSSD project to a member of the Woodside group relating to the termination of a third-party contract. FAR also advises that it has received formal notification from the Senegalese Minister of Petroleum and Energies that it […]

Nigeria Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer. The […]

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, notes the announcement made by Decklar Resources Inc:  Decklar Resources Inc. announced an update to operations at the Oza-1 well re-entry at the Oza Oil Field in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited.  Oza-1 Re-entry Decklar continues […]

The Nigeria Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with […]

The Nigerian National Petroleum Corporation (NNPC) and International Oil companies partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The IOC partners include Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration. and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) The […]

HIGHLIGHTS Q1 EBITDA of USD 33.2 million and net profit of USD 7.8 million Maintained a strong balance sheet with no debt and cash position of USD 184.8 million Q1 gross production of 1.22 million barrels with 0.8 million barrels sold to the Company Completed one lifting of 0.65 million barrels (net BWE) at a price of USD 66.7 per barrel Jack-up rig soon on location to drill the DTM-7H horizontal production well at the Tortue field Progressing preparations for Hibiscus/Ruche development with […]

Addax is expected to resume a drilling campaign in its Nigeria restored oil permits soon. This recent development in its Nigeria offshore operations is to accomplish exploration commitments it promised after President Muhammadu Buhari in late April upturned a government earlier decision. Nigerian President Muhammadu Buhari reversed the nations’ oil and gas regulatory body The […]

Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency,have  announced  the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage and Offloading unit). The project includes the drilling of nine wells and is expected to reach a production of […]

MDL Third-generation Reel Drive System, operated by the company’s expert offshore personnel, was used to deploy a 13” gas lift riser from an 11.4m reel which was mobilised on the back of an Anchor Handler Vessel. The tie-in connected the beach with a Liquefied Natural Gas (LNG) facility, located 12km off the coast of Tema, […]

Assala Energy, the Gabonese subsidiary of the American The Carlyle Group, announces new investments at the Gamba site located in the province of Ogooué-Maritime. “Our 14 million USD (7.52 billion FCFA) electric gas compressor project in Gamba is on track. It will support future development in the field, improving oil recovery, improving energy and cost efficiency […]