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Dana Grows Fatter In Egypt

By Mohammed Jetutu

Dana Gas PJSC has announced the West Sama-1 and Allium-1 fields in Egypt have commenced commercial production, less than two months after initial well testing was conducted.
These new fields are among the three discoveries made in the course of the company’s 2012 multi-well drilling programme in Egypt’s Nile Delta Basin.

Dana Gas plans to bring the other field, Balsam-1, into production in the second quarter of 2013.

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Kosmos Expects 25,000BOPD (Net) In 2013

By Ofonobong Osei-Tutu
Komos Energy estimates Jubilee field production to average between 105,000 and 115,000 barrels of oil per day in 2013, with the midpoint of the range representing an increase of greater than 50 percent from the 2012 average. Kosmos anticipates a year-end exit rate for 2013 to be above the high end of its annual guidance range. Included in the estimate is a planned two-week shutdown for regular maintenance at the Jubilee floating production, storage, and offloading vessel (FPSO).

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Three West African Ministers For OWA 2013 In Accra

PennWell Corporation and Offshore West Africa Conference & Exhibition have announced the confirmation of three West African Ministers to present at the upcoming Conference Opening Keynote, taking place on Tuesday 19th March 2013.

As part of the Opening Keynote Session, there will be Ministry Welcomes from Hon. Minister, Hon. Emmanuel Armah‐Kofi Buah, Republic of Ghana; His Excellency Mr. José Botelho de Vasconcelos, Minster of Petroleum, Republic of Angola; and Mr. Adama Toungara, Minister of Mines, Petroleum and Energy, Republic of Cote d’Ivoire.

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Tullow, Unsure, Reviews Data On Paipai-1

Tullow Oil could not sample the initial reservoir fluids in the light hydrocarbon shows encountered in a 55metre thick gross sandstone interval in the wildcat Paipai 1 well. More, “the hydrocarbons encountered.whilst drilling were not recovered to the surface”, the British explorer explained in an update on the well, drilled to a total depth of 4,255 metres in Block 10A, Marsabit Country, onshore Kenya. “The well has consequently been temporarily suspended pending agreement on future evaluation options”.

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Second Discovery Points Liberia As Emerging Western Star

Second Discovery Points Liberia As Emerging Western Star

With the second discovery offshore Liberia within a year, Australian minnow African Petroleum is pointing a torch at the country as the likely next big thing in the West African transform margin, after Ghana.

AP makes three claims about the well, located in the same Block 09 as the last discovery, that are geologically significant:


HRT Heralds Return Of The Namibian Rush

HRT-Heralds-Return-Of-The-Namibian-Rush

Brazillian minnow, HRT, is looking forward to a two to three well drilling campaign that may, with some luck, turn out to herald another phase of the rush to Namibia.

Around this time last year (February to April 2012), there was heady talk of “a rush to Namibia”, as operator after operator snapped up one or two more hydrocarbon acreages in the country. Things calmed down after Chariot Oi&Gas drilled the much hyped Tapir South well, in block 1811A and it turned out dry. Tapir South is located in the Namibe Basin, offshore North western part of  Namibia.

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Sonangol, In Loss Of Earnings, To Cut Petroleum Subsidies

Sonangol-CEO,-Francisco-de-Lemos-Jose-Maria

Angola’s state hydrocarbon company Sonangol reported posting a net income of $1.24 billion in 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA )fell to $5.21 billion last year from $5.96 billion in 2011, he said. The company generated revenue of $46.97 billion in 2012, its CEO, Francisco de Lemos Jose Maria said, warning that the earnings loss would continue for one more year, with a forecast 7% percent decline in revenue for 2013.

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Conoil Flows Several Thousands Per Day In Deep Well

Conoil is clearly on course to first oil in what will be the deepest pay zone in the Niger Delta Basin.

The company flowed in excess of 2,000BOPD of light oil in one of the two reservoirs in which it conducted Drill Stem Test in Ango 1Stk 3, in Oil Mining Lease(OML) 59. The tested reservoirs are located  between 15,400ft True Vertical Depth and 15,550ft TVD. This probe has opened up a whole new sequence in the southwestern, swampy part of the continent’s most productive basin.

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Can Chevron Close The Gap On TOTAL in Angola?

With a planned peak output of 100,000BOPD expected to come in months after scheduled first oil in 2015, the shallow offshore Mafumeira Sul project should increase Chevron’s Angolan output to 534,000BOPD(operated). But that is if there is zero decline in the company’s other producing fields.

Chevron’s recent announcement of final sanction for the development of the $5.6 billion project, in 60 metres of water in Block O, is a clear challenge to TOTAL’s emergence as the leading operator in that country.

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The Myth Of Uganda’s 2Billion Barrels

The-Myth-Of-Uganda's-2Billion-Barrels

One of the most widely circulated “rumours” on the oil patch is that Uganda holds Two Billion Barrels of estimated recoverable reserves. In the business media,  journalists, analysts, even CEOs of E&P companies, state without blinking that “Uganda has 2Billion Barrels of Oil reserves”. It’s a magic figure.

But Tullow Oil, the flagship operator in Uganda and all of East Africa, has never come out explicitly to give a figure to the country’s  “estimated recoverable reserves”, which is 1P reserves.

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