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Company News

AITEO SHORES CRUDE PRODUCTION TO 250,000 BPD

Aiteo Group is negotiating an alternative financing package that would enable it fund about $5 billion investment to be able to increase its oil production to about 250 000 barrels per day (bpd).This will also grow gas output to about 3 million standard cubic feet per day (mmscfd) of gas. The Managing Director, Eastern Exploration […]

Oilfield Africa - Thursday April 9, 2020
Otakikpo Phase Two Development Project Sanctions and Renews Marginal Field License

LEKOIL the Africa-focused oil and gas exploration, development and production company, is pleased to announce that the Otakikpo Joint Venture between Green Energy International Limited (“GEIL”) and LEKOIL (with LEKOIL as Technical Partner) has sanctioned Phase Two of the Otakikpo field development plan, following the successful completion of an independent third party competent persons report […]

Oilfield Africa - Thursday April 9, 2020
Lekoil, Optimum get three-year extension to OPL 310

The Africa-focused oil and gas exploration, development and production company, is pleased to announce that pursuant to a letter dated 4 September 2019, the Federal Government of Nigeria and the Ministry of Petroleum Resources has approved the extension of OPL 310’s exploration license for three(3) years, subject to the holders of the licence paying an […]

Oilfield Africa - Thursday April 9, 2020
RusselSmith Acquires VideoRay Mission Specialist Series ROV

RusselSmith Nigeria has announced the acquisition of a VideoRay Mission Specialist Series (MSS) Defender ROV as part of efforts to strengthen its Subsea services division. The highly regarded MSS Defender ROV utilizes interchangeable, modular components that reside on a single, intelligent network. This modular configuration provides an extremely flexible and customizable platform that can be […]

Oilfield Africa - Wednesday April 8, 2020
LEKOIL New Debt Facility with FBNQuest Merchant Bank

Mele Kyari asserted. LEKOIL the oil and gas exploration and development company with a focus on West Africa, announces the signing of a new US$11.5 million debt facility. LEKOIL Oil & Gas Investments Limited, a wholly owned subsidiary of LEKOIL Nigeria Limited, has signed an agreement for a new US$11.5 million debt facility with FBNQuest […]

Oilfield Africa - Wednesday April 8, 2020
Libongos wins nine-well contract offshore Angola

Sonadrill Holding Ltd., Seadrill Ltd.’s 50:50 joint venture with an affiliate of Sonangol E.P., has secured a nine-well contract offshore Angola for the drillship Libongos. The contract includes six one-well options. The estimated total tract value is $101 million with commencement expected in late 3Q 2019 and running to early 2021. The Libongos is the […]

Oilfield Africa - Wednesday April 8, 2020
RusselSmith to deploy Saab Seaeye electric ROV for subsea operations

RusselSmith, a Nigeria-based oilfield services provider, has chosen Saa Seaeye’s Cougar XT electric underwater robotic vehicle to boost its ROV fleet. “The Cougar is an ideal choice,” said RusselSmith CEO, Kayode Adeleke. “It is a powerful, highly manoeuvrable and capable ROV and we believe it will add a lot of value to our subsea operations.” […]

Oilfield Africa - Wednesday April 8, 2020
Total reiterates its local content commitment in Ikike project, to create jobs

TOTAL Exploration and Production Nigeria Limited (TEPNG) has restated its commitment towards achieving 100 percent local content benchmark in projects delivery. The company expressed this assertion at the Saipem Contracting construction yard during the first steel cutting on the French oil giant’s Ikike Project in Nigeria. The project which is expected to generate 3000 jobs, […]

Oilfield Africa - Wednesday April 8, 2020
Saipem and Daewoo in strategic alliance for onshore projects with focus on LNG

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector. By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will focus on specific prospects with […]

Oilfield Africa - Tuesday April 7, 2020
Total E&P to drill Venus Oilfield ‘Africa’s deepest ever well’

French Oil giant Total is set to spud Venus well the continent’s largest ever prospects off Namibia next year. Phil Birch, exploration director of block partner Impact Oil & Gas, said at the Africa Oil Week conference in Cape Town. that the oil giant will by next year spud an ultra-deepwater Venus prospect in Block […]

Oilfield Africa - Monday April 6, 2020

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