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Jasper Peijs, vice president of exploration in Africa for BP, shared insight on the company’s operations across the continent.
The partnership was formed as the oil and gas industry works to keep exploration efforts alive following spending cuts caused by lower commodity prices.
Egypt is speeding up negotiations with neighboring countries to finalize the demarcation of borders in the Mediterranean, which proved to hold huge reserve of natural gas compared to the Red Sea.
While the country does not have any major crude oil projects scheduled to come onstream, Sonatrach is exploring new frontiers, including offshore and in north Algeria.
Vast gas resources offshore Mauritania and Senegal will benefit the two African countries and spur exploration, the CEO of Kosmos said.
The lack of progress in the negotiations and an unfavorable business environment prompted Statoil's decision, Statoil spokesman Erik Haaland said.
Total committed to the pipeline, prompting the government to agree to a proposal for the French oil major to buy “the issued and to-be-issued share capital of Maersk Oil Exploration International (Mogas Kenya) in respect of Blocks 10BA, 10BB and 13T,” according to the office of Kenya’s President Uhuru Kenyatta.
ExxonMobil Corp. (NYSE: XOM) signed a deal with Ghana on Jan. 18 to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oil field.
The deepwater Area 4 block contains an estimated 85 trillion cubic feet of natural gas in place.
Blocks C22, C17 and C14 are located an average of 200 km (124 miles) offshore Mauritania. Together they measure nearly 8.4 million acres in water depths ranging from 1,000 m (3,300 ft) to more than 3,500 m (11,500 ft).
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.
The Snoek well, southeast of the Liza discovery, hit high-quality oil-bearing sandstone reservoirs, the company said.
To better gauge resource potential, ExxonMobil said the discovery is being evaluated with two sidetracks drilled. A well test is underway.
Located on the Sebou permit, the well hit 5 m (16 ft) of net conventional natural gas pay in the Hoot Formation, with reservoir quality exceeding initial expectations, the company said.
SDX Energy’s KSR-16 development well has encountered gas on the Sebou permit in Morocco, the company said Dec. 11.
Drilled to a total depth of 1,830 m (6,004 ft), the well hit 20 m (66 ft) of net conventional natural gas pay in the Guebbas and Hoot formations over four intervals, SDX said in a news release.
The well has proven oil charge across a significant part of the Greater Etom structure, Tullow said.
Drilled to a total depth of 2,981 m (9,780 ft) in a water depth of 150 m (492 ft), well B1 16/3 hit gas and condensates in the Metlaoui Group of Eocene age, Eni said.