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 well to start as soon as possible,” Somali President Hassan Sheikh Mohamud said in a statement.

Based out of Houston, Coastline Exploration says it has invested over $50m in Somalia and has been engaged since 2018 on negotiating its offshore PSAs.

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“We are still in operations!”, says Nigeria LNG

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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 […]

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