Upstream Hawilti+ 

BW Energy’s discovery at Hibiscus North proves smaller than expected


Following the disappointing results of its Hibiscus Extension (DHIBM-2) well on the Dussafu Marin permit earlier this year, BW Energy has discovered oil at Hibiscus North via the DHBNM-1 exploration well. The well had a geological analogue to the Ruche Field, where the Gamba structure was the primary target, and had estimated potential reserves of […]

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VAALCO to launch Venus development as a standalone project offshore Equatorial Guinea


VAALCO Energy has announced that it has completed the feasibility study for the development of the Venus discovery offshore Equatorial Guinea’s mainland. The discovery was made back in 2005 and is located within Block P, where VAALCO farmed in in 2012. The block’s estimated ultimate recovery (EUR) is of over 20 million barrels of oil […]

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Natural Gas Upstream Hawilti+ 

Orca Energy to execute $21.4m workover programme in Tanzania


PanAfrican Energy Tanzania, the subsidiary of the Orca Energy Group that operates the wells and gas processing plant at Songo Songo in Tanzania, has signed an agreement with Exalo Drilling for the workover of three onshore wells. Activities are set to start in September 2021 on Songo Songo Island. The 2021 workover programme will notably […]

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Natural Gas Upstream Hawilti+ 

APT receives 2-year extension to meet gas exploration targets onshore Tanzania


ARA Petroleum Tanzania (APT), which took over the operatorship of the onshore Ruvuma PSA in Tanzania last year, has received a two-year extension of the license. The granting of the extension was necessary to complete key exploration activities on the block, including the acquisition of 200 km2 of 3D seismic data and the drilling of […]

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Upstream Hawilti+ 

Exploration activity is heating up in the Orange Basin offshore South Africa


South Africa has been home to some of the world’s largest discoveries in recent years, with TotalEnergies opening up a new hydrocarbon’s province in the Outeniqua Basin via its Brulpadda (2019) and Luiperd (2020) discoveries. But as TotalEnergies and its partner work towards the set-up of an early production system on these discoveries, attention has […]

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Nigerian trader farms into Thali PSC offshoreCameroun


Private Nigerian trading house Beluga Energy has signed a binding Heads of Agreement with Tower Resources Cameroon last month to acquire a 49% non-operating working interest in the Thali production sharing contract (PSC) offshore Cameroon. As operator, Tower Resources had been looking for a partner for some time in order to drill the NJOM-3 well. […]

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President Buhari has signed Nigeria’s Petroleum Industry Bill into law


It took almost two decades, two historic crashes in commodity prices and two recessions for Nigeria to finally adopt its new Petroleum Industry Bill. Following its passing at both chambers of Parliament in July, the bill was officially signed into law by President Buhari today. The bill is expected to provide much-needed regulatory certainty for […]

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Upstream Hawilti+ 

OML 17 output up 40% only seven months after its acquisition by Heirs Oil & Gas


Heirs Holdings and its affiliates Transcorp announced at the start of this year a transformative acquisition of a 45% participating interest in OML 17 from the Shell Petroleum Development Co. (SPDC) joint-venture. The transaction remains one of the largest oil & gas financings in Africa with a financing component of $1.1bn. Seven months later, new […]

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Good Things Come in Threes: after Angola and Ghana, Eni strikes oil in Côte d’Ivoire


Italian major Eni has announced this month a major light oil discovery (40° API) at its Baleine-1X exploration well in block CI-101 offshore Côte d’Ivoire. The company had signed the contract for the block’s license back in March 2017 and operates it with a 90% interest. This marks the third oil discovery by the company […]

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African Oil Producers Have Missed on Over $29bn of Oil Revenue Since January


By and large, 2021 has been a missed opportunity for African oil producers. While the continent’s hydrocarbons sector yielded several discoveries and Nigeria finally signed its landmark Petroleum Industry Bill into law, decreasing output across the board means that African producers have not maximised benefits from the strong rebound in commodity prices. This is particularly […]

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Upstream Hawilti+ 

Somoil targets 50% increase in production onshore Angola by 2024


Angolan junior Sociedade Petrolífera Angolana (SOMOIL) has contracted the FALCON 1000HP drilling rig for drilling activities at the FS and FST license onshore Angola. Operations will last about three years and will mostly focus on workover and wells repair along with the re-entry of existing wells and the drilling and completion of new wells. In […]

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Maersk wins Mooring System contract on Kome-Kribi 1 FSO in Cameroon


Maersk Supply Service has just been awarded a contract by the Cameroon Oil Transportation Company (COTCO) for Phase 2 of the mooring system maintenance project on the Kome-Kribi 1 FSO (Kome-Kribi 1 Marine Terminal) offshore Douala. The marine terminal forms the last part of the 1,070km Chad-Cameroon Oil Export Pipeline that evacuates Chad’s oil to […]

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BOURBON selected to support Shell’s exploration campaign in Africa


BOURBON has announced that it has been selected by Shell to provide fully integrated logistics solutions to support its upcoming deepwater offshore exploration campaigns in Namibia and Sao Tomé. Last month, Shell had selected the Valaris DS-10 drillship to drill in PEL 39 offshore Namibia and Block 6 in Sao Tomé. BOURBON’s package contract includes […]

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