All articles in the Vacancies Section:


SR. GEOPHYSICIST (Gulf of Mexico) – Houston, TX – $165K+ Base Salary

One of the largest oil companies in South America has a US-based subsidiary in search of an E&P growth strategy focused in the DEEPWATER GULF OF MEXICO / Minimum BS Geology/Geophysics and 10+ yrs experience in HYDROCARBONS EXPLORATION / extensive SUB-SALT interpretation / COMPETITIVE compensation package – $150K+ base, up to 30% bonus targets, excellent health benefits, relocation, LTIPs / Send resumes (WORD) to mlopera@at-tech.com.

Disclaimer: Neither Africa Oil+Gas Report, nor its parent company Festac News Press Limited, nor any of its agents, is responsible for this transaction. This is just an announcement, an advertisement.


International New Ventures Geophysicist

“An oil & gas operator is seeking an International New Ventures Geologist having 7+ years experience for their office in Houston, TX . This position will provide support for New Ventures in Europe, Latin America, Mid-East and Africa. This position will be responsible for seismic interpretation, mapping, evaluation of key subsurface risks and opportunities. Qualifications for this position include experience in multiple international basins, seismic interpretation of structural and stratigraphic settings and knowledge of geophysical techniques including seismic acquisition, processing, AVO, etc. Preferred qualifications include working knowledge of interpretation of gravity and magnetic data. Position requires proficiency with standard industry software, such as Landmark, SMT, etc. Position requires a bachelor’s degree in Geology or Geophysics and the ability to travel internationally on occasion. If you qualify and are interested in this opportunity please email your resume to me. Contact: Global Recruiters of Dallas Northwest 3124 Wood Trail Flower Mound, TX 75022 (972) 899-9660 Office (972) 899-9642 Direct (972) 899-9655 Fax acohen@grndallasnw.com www.grndallasnw.com”

Disclaimer: Neither Africa Oil+Gas Report, nor its parent company Festac News Press Limited, nor any of its agents, is responsible for this transaction. This is just an announcement, an advertisement.


Exploration Geologist in Houston

  • Exploration Geologist in Houston

Wanted: an Exploration Geologist for a small independent operator based in Houston. A minimum of 8 years industry experience is required. Only American nationals or Green Card holders. For more information, contact martine.johansen@norex-consulting.com or +60 (0) 12 640 5045″

Disclaimer: Neither Africa Oil+Gas Report, nor its parent company Festac News Press Limited, nor any of its agents, is responsible for this transaction. This is just an announcement, an advertisement.


Algerian Experience Required For North Sea Job

  • Now Hiring: Senior Geophysicist based in London for a leading E&P company with North Sea assets. Experience in Algeria required. Contact laura@quanta-consulting.com

Disclaimer: Neither Africa Oil+Gas Report, nor its parent company Festac News Press Limited, nor any of its agents, is responsible for this transaction. This is just an announcement, an advertisement.


Oando Shells Out $0.625 Billion On A Huge Bet

After  a bid in which two of China’s largest oil firms participated and failed, a small, ambitious Nigerian independent won Shell Nigeria’s 49.8%stake in two deepwater leases.

For the Anglo Dutch oil major, who had been forced by militants to shut in close to 500,000barrels of oil (gross production) every day for much of the last two years, it was money sorely needed.

What was not immediately clear was whether the minnow who paid the cheque was getting a good deal for the investment. PetroChina aborted its bid for the two acreages: Oil Mining Leases (OMLs) 125 and 134, a few months after offshore specialist CNOOC withdrew its bid for the blocks. Both companies were told that their offers, at around $300 million to $400 million, were too low. Then Oando, a Nigerian energy company, stepped up to the plate, offering $625Million. There was jubilation on national television as the company, a ranking member of the Nigerian Stock Exchange, announced its winning. With a net ownership of 9,000 barrels of oil per day (BOPD) of Agip operated Abo field in OML 125, it is clear that this acquisition marks a significant entry into the Upstream sector for Oando, which has succeeded in venturing into almost everything except crude oil production, in the last five years. Oando has run a petroleum marketing enterprise, acquired rigs, distributed natural gas, won a non producing prospecting lease, holds a partnership in an undeveloped discovery and gotten a foothold in oilfield services, but all of these pale into insignificance, in the minds of its management, if the company doesn’t have a drop of oil to its name. The question is: Is a 9,000BOPD from a declining oil field and a mining lease with no established oil production enough value for $625 million? Part of the answer came by way of Anne Pickard, Shell’s Executive Vice-President, Africa, commenting on the divestment on the week of the sale “We have a maturing asset, which is operated by Eni (Agip), which is offshore. When things get mature, we tend to sell them.” But the answer only breeds more questions. Such as: Is Oando shelling out money far in excess of half a billion dollars to buy an asset that Shell considers maturing? Does the word “maturing” merely refer to the Abo field, or does it also refer to the so called upside potentials in OML 125 and the undeveloped prospects in OML 134? The answer lies in looking at the portfolio. The leases OML 125 and 134 were carved out from OPLs 316 and 211, which Agip won in the 1993 bid round. The company established production in 2003, a clear seven years after discovering Abo (1996) in OPL 316 and converted the producing half of the lease into OML 125.  Abo production peaked at 30,000BOPD and started falling, reaching 19,000 BOPD last year.  Initial drilling in OPL 211 (Udoro, Engule) were unsuccessfiul. In 2003 however, Agip drilled a well in a prospect located in the south east of the lease. Uberan- 1 encountered commercial footage of oil. In anticipation of development of this field, Agip sought permission to convert half of the oil prospecting lease (OPL) 211 into a mining lease OML and got the name OML 134. Geoscientists in Shell and Agip are both excited about the potentials of Uberan, which they consider the real juice in the two blocks. Even though the discovery well was not tested, company sources say the field could be at least 200MMBO. An $80million appraisal well, to be drilled (tested, cored, etc) later in 2008, will confirm the field potentials.

Nor is Abo field a low vaklue asset. Agip plans to increase production here to 25,000BOPD by drilling and hooking up two wells later in 2008. These wells are targeting deeper reservoirs. There are some other prospects around Abo, which are quite small, but can be hooked up relatively cheaply. One of these prospects will be probed by a well later this year. While the divestment of Shell interests in OMLs 125 and 134 is clearly for reasons of cash flow, Oando’s enthusiastic buying may be justified in the near term. But the real challenge is not in the finances. It is how Oando utilizes this entry to build capacity. Oando already has a corps of technically honed petroleum engineers and earth scientists, who develop its burgeoning oil services business, manage its upstream joint ventures and help to evaluate assets. But with the cash it is able to play with it can afford to build a sizeable pool of technical professionals, paid competitive wages, who take on projects from geologic leads through prospects to drilling and production. Nigerian companies don’t get the opportunity to be equal partners with experienced majors in acreages. When they hold the assets, they rarely have the cash and more often, a technical operator is also the financier. Oando is an equal partner with Agip. It must get everything it can from this partnership.

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