The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.
The prospects include Al Khayr, Tortue and Marsouin.
There is vast untapped potential in the country’s 534,000 sq km of sedimentary basins.
The large but long-stalled $12 billion West Nile Delta subsea project in Egypt’s Mediterranean deep waters is to be fully revived.
The country is offering 15 blocks, including 11 offshore.
Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.
Various subsea equipment will be delivered throughout 2015 and 2016.
UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.
The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client.
Mozambique regulators have added an additional three months to the initial deadline of 20 January for its Fifth Licensing Round due to high interest and requests for more time from exploration companies.
Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million, Total said in a news release.
Statoil ASA made another natural gas discovery in Block 2 offshore Tanzania, Reuters said. The company will now appraise one of its previous seven discoveries, and then evaluate several projects.
The interests in OML29 and the Nembe Creek Trunk Line were assigned to Aiteo Eastern E&P Co. Ltd. Total cash proceeds for Shell amount to some $1.7 billion.
OML18 covers 1,035 sq km and includes the Alakiri, Cawthorne Channel, Krakama and Buguma Creek fields and related facilities.
According to Reuters, the United Arab Emirates-based company did not provide a timetable or prospect for finding oil or gas in the Mediterranee Ouest area.
Power loss at an offshore facility last week forced production to shut down, Reuters said. The force majeure on exports of Saturno-grade crude oil is still in place.
Oil firms have criticized South Africa’s government for delaying issuing exploration licenses, especially in the Karoo Basin, which could hold up to 390 Tcf of technically recoverable reserves, Reuters said.
Amid many companies' slashed exploration budgets, Cairn Energy plans to spend US$95 million on offshore Senegal, according to Reuters.
The project will develop 5 Tcf of gas resources and 55 MMbbl of condensate.
The plunge in crude prices has curbed oil and gas explorers’ plans for drilling in Namibia next year.
BP and RWE Dea have finalized agreements for the $12 billion West Nile Delta project, offshore Egypt, which will cover development of 140 Bcm and 55 MMbbls of condensate.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
The new company was formed through a joint venture of two long-standing operators in Central and West Africa. Saipem has been operating in Nigeria for more than 50 years.
A production sharing contract for offshore Block EG-06 was ratified by the government of Equatorial Guinea. An ExxonMobil subsidiary and GEPetrol are also involved in the PSC.
Field operator BP declared force majeure March 16 after a power loss at the FPSO PSVM offshore facility that feeds oil from Plutao, Saturno, Venus and Marte fields, Reuters said.
Lukoil owns 30% in the project in West Africa. New Age Ltd. is the operator with 30%, Bowleven Plc has 20% and Societe Nationale des Hydrocarbures of Cameroon has 20%, Reuters said.
Tanzania could hold 53.28 Tcf of gas, and this estimate could increase four-fold in five years. But the country’s parliament has not yet passed legislation governing the hydrocarbons industry, Reuters said.