All posts tagged featured


Angola’s Bid Deadline Is July 22 2014

By Sully Manope

The deadline for submitting proposals for Angola’s onshore bidding round is July 22, 2014.
Africa’s second largest oil producer is offering 10 blocks spanning 10,014.6 km2 in the Lower Congo and Kwanza basins.
Three roadshows on the round have taken place in January and February of 2014, in Luanda, London and Houston, aiming to show the viability of the blocks to potential investors.
The bid round has been widely interpreted as an opportunity for local oil companies to develop capacity.

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CNOOC Tries Its Luck Again In A Bad Address

By Toyin Akinosho, Publisher

Chinese behemoth CNOOC will be drilling its second well in the S Block offshore Equatorial Guinea, sometime after mid- August 2014.

China’s largest offshore oil producer has drilled only one well since it signed an agreement with Equatorial Guinea in 2006 to explore the 2,287km2 block off the coast of Rio Muni, with water depth ranging from 30 to 1,500 meters. That well encountered non-commercial pool of crude oil.

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NPDC Threatens A ‘Surge’ In Drilling Activity

Nigeria’s state oil company says six rigs will be on location by end of 2014

By Fred Akanni, Editor

Stung by criticism of poor performance on assets it took over from Shell, state owned Nigerian Petroleum Development Company (NPDC) is threatening aggressive rig activity that will boost gross output and alter media perception of  incompetence.

The company says it plans to have six rigs on different locations in Oil Mining Leases (OMLs) 26, 30, 34 and 42 by the end of 2014, and stay on course of high drilling and field development activity in the near term.

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Light In Morocco’s Gas Tunnel

By Mohammed Jetutu

While Longreach is looking for $45Million to confirm its hunch that it found ‘substantial natural gas resource potential’ on its Sidi Moktar licence in Morocco, Circle Oil has reported a definitive finding of 15 metre net gas in three reservoirs in the Kingdom’s Sebou permit.

Both wells are onshore.

Morocco has played host to a spate of dry holes in the last nine months, so it’s heartwarming to have results that are bucking the trend.

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Africa: Energy Poverty Rubbishes The Hydrocarbon Boom

Thirty per cent of the new oil and gas finds over the last five years has been in Africa.
And nine out of 12 new discoveries in 2012 were on the continent.

This is not a new trend; Africa led the deepwater oil discovery boom of the mid to late 1990s.
So how come that the continent hosts some of the most heartbreaking evidence of energy poverty?
This was a question in the air at the biennial ministerial meeting of the Riyadh based International Energy Forum, held in mid May 2014, in Moscow, Russia.

There are 600Million Africans without energy, observed Kandeh Yumkella, Special Representative of the Secretary General of the United Nations and Chief Executive of Sustainable Energy for All, at a question and answer session on the sidelines of the meeting.

Yumkella’s speech at the conference proper, focused on the urgentneed to reduce — and eventually eliminate — energypoverty among the world’s poor. “It is a condition that notonly leads to health and environmental problems, due tothe burning of biomass, but which limits the economicopportunities of poor communities”

Energy is about welfare; it is about development; it is about growth, cooperation and interdependence, said Aldo Flores-Quiroga, secretary general of the IEF. “Everyone here is interested in finding useful ways to make the best of the energy opportunities that are coming”, he noted.
The Sierra Leone born, American educated Yumkella added: “We are looking at the future of energy security, we hope that by 2035 we will not still be talking about energy poverty in Africa, where there are 600 million Africans without energy, and hope instead that the number will be close to zero.”


BG’s Jinx Breaking Kenyan Discovery Is ‘Not Surprising’-Omatsola

Sunbird

By Sa’ad Bashir, in Dar es Salaam

BG’s discovery of 9.2 metre net oil pay in Kenya’s deepwater Lamu Basin is clearly understandable from the point of view of plate tectonics, in the opinion of Africa’s leading exploration thinker.

“There has been production from the Bombay High which was India’s primary oil producing region before new discoveries of (predominantly gas) in the east Indian offshore”, recalls Ebi Omatsola, former Chief Geologist at Shell and Managing Director of Conoil, the Nigerian independent.

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Sercel Launches Marine Mammal Monitoring System

Seismic Equipment Manufacturer, Sercel has launched QuietSea™, its new passive acoustic monitoring (PAM) system designed to detect the presence of marine mammals during seismic operations. “Totally different from other commercially available PAM systems, QuietSea is set to revolutionize PAM within the seismic industry”, the company says in a release.

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It’s A Big Payday For The Indimis

Oriental Energy Resources has started receiving equity crude, or full payment for same, from the Ebok Field in South east offshore Niger Delta Basin. From sometime in the first quarter 2014, the Nigerian company started getting 50% of the crude output. Average gross crude output in first 1st quarter 2014 in the field was 31,596 BOPD, but Afren is currently drilling a set of wells to boost output.

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CAMAC Struggles To Increase Oyo Production, Spuds New Well

CAMAC Energy Inc. is hoping to “significantly increase production from the Oyo Field”, the company says in a statement announcing the spud of Oyo-8 development well in Oil Mining Lease (OML) 120 offshore Nigeria.

The field has had a troubled history, with a dramatic fall in output from the 25,000BOPD at first oil in 2009, to 4,000 BOPD less than 18 months after and now at 2,000BOPD. Italian giant ENI, who brought the field online, walked out of the asset in June 2012, selling its 40% stake to Allied Energy, a subsidiary of Camac.

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The South Dirkinis-1 Could Have Come On Stream

Irish explorer Petroceltic was going for early monetization of the South Dikirnis -1, which it just finished drilling in Egypt’s West Dikirnis Licence. The well is, afterall, located adjacent to existing facilities and infrastructure.

Instead, the company encountered “high quality sandstone reservoirs” which were water wet, in the objective Miocene column. “The well was targeting a stratigraphic trap in the Miocene formation, to the south of the producing West Dikirnis field”,  Petroceltic says in a release. The prospect had a gross mean unrisked prospective resource of 7.6MMBOE.

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