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 order to increase production, SOMOIL is notably expected to target the Pinda reservoir and expects to reach an average daily output of 10,500 barrels of oil per day (bopd) within three years.

In the first half of 2021, the FS-FST license exported 348,107 barrels (or a daily average of about 1,900 bopd), according to data from the Ministry of Finance.

SOMOIL is also the operator of block 2/05, offshore, and participates in the contractor groups of blocks 3/05, 3/05th, 4/05 and 17/06.

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Air Senegal’s Ambition to Rival Ethiopian Airlines Unshaken Despite Covid19 Crisis

The Covid-19 pandemic was an opportunity for President Macky Sall to set the tone for Senegal’s ambitions in the air transport sector. Last year, he set up an economic and social resilience fund of CFAF 50 billion to support Air Senegal and all the aeronautical structures affected by the pandemic and its subsequent lockdown. Thanks […]

Amethis successfully exits Burkina Faso’s leading LPG distributor

Following its investment in Burkina Faso’s leading LPG distributor Sodigaz APC in 2017, Amethis has just sold its 22% stake in the company to African Infrastructure Investment Managers (AIIM). Over the years, Sodigaz has built a 60% market share of Burkina Faso’s LPG distribution market and currently relies on a network of 2,200 gas resellers. […]