BW Energy is at the concluding phase of achieving a revised development plan for the Kudu gas field offshore Namibia. The new development plan for the gas-to-power project will use a repurposed semisubmersible drilling rig as a Floating Production Unit. The Company has signed an agreement to acquire the semisubmersible drilling rig, from Aquadrill LLC for a total consideration of USD 14 million. Repurposing will enable an optimisation of the project timeline and significantly reduce capital investments compared to previous development concepts. “The revised development concept offers tangible financial, schedule and environmental benefits. The re-use of existing facilities also supports a substantial reduction in field development related greenhouse gas emissions compared to a new-build . “We have consequently decided to take advantage […]
United Oil & Gas through its recent operations update has reviewed that the company has started production on the ASX-1X well in the Abu Sennan licence, onshore Egypt. ASX-1X Well The ASX-1X well which is located 7km to the north of the producing Al Jahraa Field has safely reached a Total Depth of 4,272m, several […]
The Dussafu Marin license offshore Gabon has added a major breakthrough in course of exploration activities in this prolific oilfield. As part of the Tortue Phase 2 field development, hook-up of the final two production wells DTM-6H and DTM-7H has been completed and handover to production operations made according to BW Energy. The Company has in its recent operations […]
Invictus Energy has provided an update on the activities of its 80% owned and operated CaboraBassa Project in Zimbabwe. Seismic Campaign Update The CaboraBassa 2021 seismic survey (“CB21 Survey”) has completed 467km of data acquisition and remediation of the completed lines has commenced. The HSE performance throughout the program has been exceptional, and the project […]
The Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau have been extended for 3 years and are valid until 2 October 2023 during which time there is an obligation on the Joint Venture to drill a exploration well. FAR is working with the operator, PetroNor, to finalise the 2022 work program […]
On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to FAR’s Senegal RSSD asset. Formal completion of the sale took place on 6 July in Senegal and monies were received by FAR in Australia on 7 July. As consideration for the sale Woodside has paid FAR US$45 […]
Operational and logistics planning for the drilling of the Bambo-1 well in offshore Block A2 are well advanced and the IceMax drillship is scheduled to be in Las Palmas in late October to complete preparations and loading before mobilising to The Gambia. FAR has been advised that the spud date for the Bambo-1 well is […]
Kosmos Energy has announced that it has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to OXY at completion was approximately $460 million after taking into account closing adjustments. […]
TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. The work on Ondjaba-1 commenced in October 2021, after which […]
Papua New Guinea Prime Minister James Marape has told Santos Ltd the country wants an extra stake in the $19 billion dollar PNG LNG project if Santos’ proposed takeover of Oil Search goes ahead, the Australian newspaper reported on Friday. Marape met with Santos CEO Kevin Gallagher and Oil Search CEO Peter Fredericson in Port Moresby […]
