Invictus Energy confirms working hydrocarbons system onshore Zimbabwe


Invictus Energy has reported fluorescence end elevated gas shows of up to 65 times above background levels in the Upper Angwa primary target of its Mukuy-1 well onshore Zimbabwe. The well is yet to reach total depth and has confimed a working conventional hydrocarbon system in the Cabora Bassin. “We still have several hundred metres […]

Read more »

ReconAfrica’s Namibian wildcat: geological success but commercial failure


Reconnaissance Energy Africa has announced that’s its first wildcat onshore Zimbabwe, the Makandina 8-2 well, has been a geological success but failed to show commercial quantities of hydrocarbons. The well reached total depth in mid-August and confirmed the presence of a working petroleum system by encountering intervals rich with methane and hydrocarbon gas liquids such […]

Read more »

Angola: ExxonMobil makes new discovery on Block 15


Angola’s National Oil, Gas and Biofuels Agency (ANPG) has announced a new discovery at the Bavuca Sul-1 well on Block 15. The block is operated by ExxonMobil (36%) in partnership with Azule Energy (42%), Equinor (12%) and Sonangol E&P (10%). ExxonMobil is currently executing a redevelopment programme on the block, following a June 2019 agreement […]

Read more »

Angola: 12-well extension contract for the Libongos drillship


Sonadrill, the joint-venture between Seadrill and Sonangol, has secured a 12-well extension in Angola for the Libongos drillship, Seadrill announced today. The firm portion of the contract is worth $327m with commencement expected in Q4 2022 with a firm-term of approximately 25 months. The Libongos drillship was already under a multi-year contract with Eni Angola, […]

Read more »

Addax Petroleum officially exits Nigeria, transfers offshore blocks to NNPC


On November 1st, Addax Petroleum Development Nigeria Ltd signed a Transfer, Settlement and Exit Agreement (TSEA) with NNPC Ltd for offshore blocks OML 123, OML 124, OML 126, and OML 137. The subsidiary of the Sinopec Group has now ceased to be the production sharing contractor on these assets, after two decades operating in Nigeria. […]

Read more »

Eni to start exploratory drilling offshore Congo


Borr Drilling’s Prospector 5 jackup drilling rig has reached the Central African coast where it is expected to start drilling soon for Eni Congo. In August 2022, Borr Drilling had announced the signing of a letter of intent worth $68.9m for Prospector 5 to execute a 6-well firm program expected to start in Q4 2022 […]

Read more »

TechnipFMC sees at least $4.5bn worth of subsea opportunities in sub-Saharan Africa


TechnipFMC foresees between $4.5bn and $7bn of subsea opportunities in Angola, Nigeria, and Côte d’Ivoire over the coming 24 months, according to its latest earnings presentation. Angola Angola will continue to dominate the market in terms of projects’ scope and value, as it has for the past couple of years. The implementation of an enabling […]

Read more »

Shell maintains pre-FID options worth 405,000 bpd offshore Nigeria


Shell still has four major pre-FID options to develop its reserves offshore Nigeria, according to the major’s latest quarterly presentation. These represents the biggest share of the company’s pre-FID options across its global upstream portfolio. Most projects are concentrated on and around the Bonga deep-water field on OML 118, where the production sharing contract (PSC) […]

Read more »

Somalia: Federal Government approves Coastline Exploration’s Production Sharing Agreements


Coastline Exploration has announced receipt of final authorization to proceed with its exploration programme in Somalia after paying a $7m signature bonus to the Somali Central Bank. The oil & gas independent had announced last February that it had signed seven Production Sharing Agreements (PSAs) for deep-water blocks offshore Somalia. “We want the first exploration […]

Read more »

VAALCO completes FSO installation and field reconfiguration offshore Gabon


VAALCO Energy delivered First Oil to the Teli floating, storage, and offloading (FSO) vessel at its Etame Field offshore Gabon on October 18, the company has revealed. The installation of the FSO had been ongoing for several months to replace the previous Petróleo Nautipa FPSO vessel operated by BW Offshore, whose contract expired in September […]

Read more »

Nigeria: Petralon 54 steps up engagement with Dawes Island communities


Petralon 54 Ltd has announced that it recently held a meeting with its host and impacted communities around the Dawes Island Field south of Port Harcourt in the Niger Delta. The company officially presented its Petroleum Prospecting License No. 259 (PPL 259) to the Royal Fathers and the people ahead of starting sustained commercial production […]

Read more »
Upstream Hawilti+ 

Restricted content


Norway’s DNO enters Côte d’Ivoire’s as it looks for more African oil & gas deals


DNO has announced yesterday the acquisition of Mondoil Enterprises from Oslo-listed RAK Petroleum for a consideration of $117.25m. By acquiring Mondoil Enterprises in an all-share transaction, DNO gains a 33.33% indirect interest in Foxtrot International, operator of the producing block CI-27 and exploration block CI-12 in Côte d’Ivoire. “As DNO targets expansion beyond the Kurdistan […]

Read more »

Petralon 54 takes action to start production from the Dawes Island Field in Nigeria by the end of 2022


Petralon 54 Ltd, a subsidiary of Petralon Energy Ltd, is in active engagement with its host community in the Niger Delta and has commenced technical and operational activities to achieve production at the Dawes Island Field by the end of 2022, the company said today. The move follows the award of the Dawes Island Marginal […]

Read more »
Upstream Hawilti+ 

Restricted content


D.R. Congo opens new Bid Round for 30 oil & gas blocks


The Ministry of Hydrocarbons of the Democratic Republic of Congo (DRC) has officially opened today a new Bidding Round for 30 blocks across the country. The blocks are spread out across five different basins: Cuvette Central, Coastal Basin, Lake Tanganyika, Lake Kivu and the Albertine Graben. The Bid Round is supported by Xcalibur Multiphysics and […]

Read more »

Côte d’Ivoire: Eni increases reserves at Baleine discovery by 25% with second successful well


Italian major Eni has announced the successful drilling and testing of the Baleine East-1X well within Block CI-802 offshore Côte d’Ivoire. This is the first well to be drilled in the block and targeting the Baleine structure discovered in 2021 in the adjacent Block CI-101. Results from the wells have allowed to increase the volumes […]

Read more »

Sierra Leone embarks on 5th Offshore Licensing Round


In this interview, Director General of The Petroleum Directorate of Sierra Leone (PDSL), Mr. Foday Mansaray, discusses the announcement of the nation’s newest and most exciting Licensing Round and the potential to explore for oil and gas in Sierra Leone. What is the current state of the 5th Offshore Licensing Round and what can you […]

Read more »

First Oil expected “this month” at Ikike subsea tie-back in Nigeria


The Ikike field will be put on production this month, said this morning Victor Bandele, Deputy Managing Director at TotalEnergies EP Nigeria. His remarks were made during the opening of the Nigerian Content Seminar in Abuja, which marks the start of DMG Events’ 21st NOG Conference & Exhibition. The Ikike field is developed as a […]

Read more »

Nigeria: get to know the awardees of the latest Marginal Fields Bidding Round


Earlier this week, Nigeria held a grand ceremony in Abuja to unveil its Host Communities Development Regulations and Petroleum Prospecting Licences (PPLs) under its newly-adopted Petroleum Industry Act (PIA). The regulations are expected to provide a more durable and sustainable framework to engage local communities in the development of the country’s oil and gas sector. […]

Read more »

Eco Oil & Gas consolidates interest in Block 3B/4B offshore South Africa


In yet another deal within the Orange Basin, Eco (Atlantic) Oil & Gas has announced its acquisition of another 6.25% in South African block 3B/4B. The company already entered the block earlier this year when it acquired Azinam, who holds a 20% non-operated interest in the license. Eco Oil & Gas is acquiring its additional […]

Read more »

Nigeria: oil production reached historic low of only 1 million bopd in May 2022


Nigeria’s daily oil production averaged 1,024,371 barrels of oil last month, according to data by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a new all-time low for sub-Saharan Africa’s largest oil producer, who should be able to produce 2 million bopd and had its OPEC quota for May set at 1.753m bopd. Who […]

Read more »

Tullow Oil and Capricorn Energy agree on all-stock merger deal


Tullow Oil and Capricorn Energy (formerly Cairn Energy) have agreed earlier this week on an all-stock merger deal worth over $800m. The combination of both companies will create one of Africa’s leading independent energy companies, and confirms the strong rise of M&A deals in Africa this year. The deal is likely to be implemented as […]

Read more »
Upstream Hawilti+ 

Restricted content