Senegal’s Sangomar oil project receives FID, first oil expected 2023

Jan 15, 2020

Senegal’s maiden oil development Sangomar received a final investment decision Wednesday, with first oil due in early-2023, the partners said in a joint statement. The Sangomar field, known as the SNE field until recently, is expected to produce up to 100,000 b/d from a stand-alone floating production storage and offloading facility. This follows a week…

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EG takes first step towards PSCs for new oil and gas blocks

Jan 15, 2020

The Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea has signed several MoUs with successful bidders of its 2019 Licensing Round, on the sidelines of the Atlantic Council’s Global Energy Forum in Abu Dhabi. Under EG-RONDA 2019, the government of Equatorial Guinea offered 27 free blocks for exploration across its sedimentary basins.…

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Tower Resources granted one year extension in Cameroon

Jan 15, 2020

Tower Resources has provided an operational update on its work on the Thali licence, offshore Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon. As noted in previous updates, the Company has applied to the Ministry of Mines, Industry and Technological Development (‘MINMIDT’) for an extension of the initial period of the Exploration Phase of the Thali…

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PETROSEN/Senegal set to launch 2020 licensing round

Jan 15, 2020

The Ministère du Pétrole et des Energies, Sénégal, together with the Société des pétroles du Sénégal (PETROSEN) and supported by GeoPartners Ltd, is to launch the 2020 Senegal Licensing Round with an opening event on January 28th 2020, at the King Fahd Hotel, Dakar.   The Licensing Round, announced at Africa Oil Week in Cape Town…

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FAR in discussions over $300m credit for Sangomar field development off Senegal

Jan 15, 2020

Australia’s FAR Limited has made progress in securing funds for its share of the Sangomar field development located offshore Senegal. FAR said on Wednesday that, to date, it had received credit approved terms for $200 million. The company is in talks to increase this sum to $300 million. The company added that further updates on…

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Egypt begins receiving gas from Israeli gas field

Jan 15, 2020

Egypt began receiving natural gas from Israel, enacting a deal initially worth $15 billion that’s part of the North African country’s plan to become an energy re-export hub on Europe’s doorstep. Israeli gas stocks rose. The step “represents an important development that serves the economic interests for both countries,” Egypt’s Oil Ministry said early Wednesday…

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Egypt sees LPG sales drop 6% in H1 2019/20

Jan 14, 2020

Total sales of liquefied petroleum gas (LPG) fell by 6% year-on-year during the first half of fiscal year 2019/2020, the Egyptian minister of petroleum and mineral resources, Tarek El-Molla, said. The decline in local consumption of LPG highlights the government’s efforts to expand into natural gas as an alternative to state-subsidised LPG, El-Molla added in…

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Total selects Maersk drillship for work at deepest water depth ever offshore Angola, Namibia

Jan 14, 2020

French oil major Total has selected a Maersk Drilling-owned drillship to drill at what the rig owner says will be a world record water depth in Angola-Namibia campaign. Maersk Drilling said on Tuesday that it had been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total…

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Cairn Energy provides Senegal operations update

Jan 14, 2020

The Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and granted the Exploitation Authorisation for the Sangomar Field Development. Commencement of the execute phase of the Sangomar Field Development Phase 1 (Sangomar Development) is subject to final execution of the Host Government Agreement with…

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Equatorial Guinea signs MoUs to boost oil and mining exploration

Jan 14, 2020

The Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea has signed several MoUs with successful bidders of its 2019 Licensing Round, on the sidelines of the Atlantic Council’s Global Energy Forum in Abu Dhabi. Under EG-RONDA 2019, the government of Equatorial Guinea offered 27 free blocks for exploration across its sedimentary basins. The…

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