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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, the Gabonese minister of petroleum, spoke to Hart Energy about the country’s focus on encouraging investment in Gabon’s unexplored offshore reserves.
Sonatrach and its foreign partners started production from several gas projects during the last few months.
The small Canadian company with just over a dozen employees and no producing assets is focusing on near-term high-impact exploration as the industry recovers from a market downturn.
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.
Analysts consider Marathon Oil’s Libya sale a positive with proceeds possibly being used for bolt-on acquisitions in the Delaware Basin.
Egypt’s oil minister Tariq al-Mulla said the country will set some conditions before approving Israeli gas imports.
Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves with 20 Tcm, according to the U.S. Energy Information Administration.
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.
The ship is scheduled for integration of its six topsides at Tarkwa Bay in Lagos, Nigeria. Failing to reach an agreement with the NPA would reduce Nigerian content in the project and erode confidence about its viability.
Countries like Senegal are gearing up for the next wave of development.
Jasper Peijs, vice president of exploration in Africa for BP, shared insight on the company’s operations across the continent.