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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.
Jasper Peijs, vice president of exploration in Africa for BP, shared insight on the company’s operations across the continent.
African Petroleum is requesting legal arbitration in a dispute over oil and gas exploration licenses in Senegal after negotiations with authorities broke down, the Oslo-listed company said June 25.
Eni (NYSE: E) has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Co., on June 20 .
Ghana’s energy ministry said in May that it would award nine new upstream oil blocks for commercial exploration off its coast beginning this year.
A Nigerian civil rights group launched a legal case on May 8 aimed at forcing the government to revoke a disputed 2011 oilfield deal at the center of a string of international corruption investigations.
Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.
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.
The Snoek well, southeast of the Liza discovery, hit high-quality oil-bearing sandstone reservoirs, the company said.
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.
The Timimoun production complex has a capacity at plateau of around 5 MMcf/d of natural gas, or around 30,000 boe/d, the French oil major says.
Drilled to a total depth of 1,304 m (4,278 ft), the well encountered 5.2 m (17 ft) of net conventional natural gas pay across two zones in the Guebbas and Hoot formations with an average porosity in the pay section of 33%.