Exclusives

Seismic is not always a standalone tool in stratigraphic traps.

lake-albert-uganda-oil-reserves

Uganda’s government is pushing to join “middle income” status, but success hinges on tapping into the crude oil in its Lake Albert Basin.

sonatrach_algeria_strategy

The company seeks to become the fifth largest NOC in the world by 2030, but can it be?

Sonatrach, Algeria oil and gas, digital, technology, Abdelmoumene Ould Kaddour

The company is intensifying efforts to deploy technologies at brownfields and greenfields in an effort to raise stagnant oil and gas production, according to its CEO.

 Pascal Houangni Ambouroue, Gabon energy minister, Gabon hydrocarbon law, Gabon oil and gas

Pascal Houangni Ambouroue, the Gabonese minister of petroleum, spoke to Hart Energy about the country’s focus on encouraging investment in Gabon’s unexplored offshore reserves.

Deepwater International

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.

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.

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.

Exploration

South Africa will relax a moratorium on gas and oil exploration licenses implemented earlier this year to allow E&P applications already in the system to be granted, a government minister said Nov. 29.

Algeria's energy earnings rose 18.2% in the first 10 months of this year from the same period in 2017, pushing down the trade deficit by 58.65%, official figures showed on Nov. 25.

South Africa will invest $1 billion in South Sudan's oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Nov. 23.

The capex associated with the Marine XII field offshore the Republic of Congo is too high for NewAge but it is a tough sale because of the weak economic environment and political risks, the source said.

Gabon plans to scrap a 35% corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Nov. 7.

Production

Staff at state oil firm NOC told Reuters that small protests had erupted at nine oil and gas fields and some ports in recent months, mainly among workers left waiting for promised pay rises as inflation and a weak currency erode living standards.

Russia's Zarubezhneft has signed a memorandum of understanding with South Sudan to explore four oil blocks, South Sudan's petroleum minister said Nov. 20.

NNPC is in the final stages of talks with consortiums including top traders, energy majors and oil services companies to revamp its long-neglected oil refineries in an effort to reduce its reliance on imported fuel.

France’s Total (NYSE: TOT) is an investor in Uganda’s oil fields, with China’s CNOOC and Britain’s Tullow Oil.

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil’s deepwater offshore oil field, Energy Minister Peter Amewu said Nov. 7.

Subsea Engineering

BW Offshore said Sept. 17 that it has produced first oil from the BW Adolo FPSO, 18 months after the initial investment was made in the Dussafu license offshore Gabon.

Golar LNG said on March 12 it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea.

FPSO, Anadarko Petroleum, Mozambique gas, Offshore Area 1, Mozambique LNG

By tying the subsea wells to shore via a subsea gathering system, capable of handling about 57 MMcm/d (2 Bcf/d) of gas, Anadarko and partners will help put Mozambique on the map as a global LNG supplier.

Nigeria has moved closer to turning an oil industry bill into law after a 17-year struggle to complete the legislation that aims to increase transparency and stimulate growth in the country’s oil industry.

The project will initially develop the Tortue discovery; however, there are several other smaller discoveries and more than a dozen prospects nearby that could add upside to this Atlantic Margin presalt play.

Technology

Companies expected to invest include ExxonMobil, Kosmos Energy, Marathon Oil Corp. and Noble Energy.

BP expects to begin exploration with Italian oil major Eni in Libya in the first quarter of next year, CEO Bob Dudley told Reuters on Oct. 25.

TechnipFMC (NYSE: FTI) has been awarded a contract by an affiliate of ExxonMobil Corp. (NYSE: XOM) for the engineering of the subsea system for the proposed Liza Phase 2 project, the company said on Oct. 23.

The System 2E pipeline is a key network that supplies imported gasoline and output from the Port Harcourt refineries to much of the southeast and north of the country.

BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."