Anxiety Prevails in the Southern African Rush/Our Latest Issue - Africa’s premier report on the oil, gas and energy landscape.

Anxiety Prevails in the Southern African Rush/Our Latest Issue

Africa’s southern seaboard continues to hum with E&P activity. Most of the vibe is positive, but there’s a lot of anxiety.

ENI’s first well in Mozambique’s Angoche basin was a duster. Perhaps that was half expected. But it seemed surprising that TOTAL would encounter a dry hole in the otherwise fascinating deepwater Orange basin in Namibia where everyone, it seemed, imagines discovery after spectacular discovery.

Namibian drills are not always a guaranteed success, of course. After making headline news reporting ‘successful’ stratigraphic test wells, Recon Africa, the Canadian minnow, drilled its first seismically defined well in the onshore Kavango basin. Makandina 8-2, failed to encounter economic accumulations of hydrocarbons and ReconAfrica found itself scrambling to respond to a swell of negative criticism, calling the company a fraud.

In Zimbabwe, Australian junior, Invictus Energy, is drilling the second of two wildcats in the onshore Cahora Bassa basin. The best phrase that anyone can say about them is “uncertain”.

There has been no new wildcat drilled in deepwater South Africa, since the discovery of the Bullfrog (Brulpadda), Leopard (Liuperd) in the legendary “Cape of Storms”, in the Outeniqua basin. In the two years since these discoveries had been established, the French major has faced large road bumps to oilfield development.

Read your copy here.

The Africa Oil+Gas Report is the primer of the hydrocarbon industry on the continent. It is the go-to medium for decision makers, whether they be international corporations or local entrepreneurs, technical enterprises or financing institutions, for useful analyses of Africa’s oil and gas industry. Published since November 2001, AOGR is a monthly publication delivered to subscribers around the world. Its website remains www.africaoilgasreport.com and the contact email address is info@africaoilgasreport.com. Contact telephone numbers at the headquarters in Lagos are +2347062420127, +2348036525979 and +2348023902519.

 

Share Article


Sponsored

No comments yet.

Leave a comment

Comment form

All fields marked (*) are required

© 2024 Festac News Press Ltd..