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Seismic is not always a standalone tool in stratigraphic traps.
South Sudan has 3.5 Bbbl of oil and 3 Tcf of natural gas in proven reserves, and it is seen by companies as one of the last frontiers in energy exploration in sub-Saharan Africa.
Uganda’s government is pushing to join “middle income” status, but success hinges on tapping into the crude oil in its Lake Albert Basin.
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.
Analysts consider Marathon Oil’s Libya sale a positive with proceeds possibly being used for bolt-on acquisitions in the Delaware Basin.
North African-focused oil and gas company SDX Energy said on Oct. 18 that talks to buy some of BP’s Egyptian assets have been abandoned.
BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."
North African-focused oil and gas company SDX Energy on Sept. 20 confirmed that it was in discussions with BP to buy a package of assets in Egypt.
The government said last week it expects to hit peak oil output of 350,000 barrels per day (bbl/d) by mid-2019 as production ramps up at oil fields that were offline due to the violence.
The creation of a National Agency of Petroleum and Gas to manage and sell oil blocks reduces the near total grip state energy firm Sonangol has over the sector.
SDX Energy Inc. said its SD-3X appraisal well at South Disouq, Egypt, produced 12.02 million standard cubic feet (MMscf) of conventional natural gas during testing.
BW Offshore said May 14 that it has successfully drilled and completed the DTM-3 appraisal well located at the Tortue field, within the Dussafu license, offshore Gabon.
Drilled to a total depth of 2,837 m (9,308 ft), the well hit a 24-m (79-ft) gross hydrocarbon column across three intervals, about 11 m (36 ft) net of condensate and gas in the primary objective and about 4 m (13 ft) net of oil in the deeper secondary objective, the company said.
Located in a water depth of about 2,175 m (7,136 ft) in the Sangomar Deep Offshore Block, the well was drilled by the Stena DrillMAX drillship about 30 km (19 miles) southwest of the FAN-1 exploration well.
The gas find, located west of the Teranga discovery and south of Tortue, is estimated to hold 15 trillion cubic feet of natural gas.
Eni has made a gas discovery in the Egyptian Obayed concession in the Egyptian Western Desert, the Italian major said Aug. 30.
The Eridal-1 well encountered an estimated 13.6 m (44.6 ft) of net oil-bearing reservoir sandstones in the E1 reservoir, the company said in a news release.
The Kalimba-1 NFW well, located about 50 km southeast of the Armada Olombendo FPSO, proved 23 meters net of high-quality (33° API) oil pay in Upper Miocene sandstones with excellent petrophysical properties, Eni said.
The company said June 6 that the Amdigh-1 well, located in the R3/R4 area, encountered an estimated 22 m (72 ft) of net oil-bearing reservoir sandstones in the E1 and E2 reservoir units within the primary Eocene Sokor Alternances objective.
The company said May 3 that exploratory well SWM A-2X, located in the South West Meleiha license, encountered 18 m (59 ft) of light oil in the Paleozoic sandstones of Dessouky Formation of Carboniferous age.