The Nigerian National Petroleum Corporation(NNPC) said that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license operated by NNPC’s upstream subsidiary Nigeria Petroleum Development Company (NPDC). The deal is part of NNPC’s strategy to develop […]

Cameroon is poised in resolving operations insecurity that led to suspension of exploration activities onshore Logorne Birne basin. Chinese operator, YanChang Petroleum has suspended their exploration activities in the wake of deepening civil insecurity. YanChang, the operators of the Zina and Makary blocks, suspended its operations just after drilling the Zina-1X well on the Zina […]

Equatorial Guinea has announced its plans for 2020 licensing round; this was also revealed by Minister of Mines & Hydrocarbons Gabriel Mbaga Obiang Lima at the Africa Oil Week conference. “At the end of the year – probably in November – we will announce our 2020 licensing round, that will have the same format,” he […]

New insights for early development of a frontier area Covering more than 65,000 km2, the Namibe Basin is one of the world’s largest remaining prospective frontier areas for oil and gas exploration. This southern most basin along the West African salt margin has largely remained unexplored despite significant oil and gas activity in the neighboring […]