Africa.Exploration News

Tullow's TEN to see first oil in Q3

Feb 10, 2016

Tullow Oil’s TEN project is more than 85% complete and is set for production start-up between July and August 2016, which will help the company drive further reductions in operating costs and capital expenditure. Image from Tullow…

South Africa comes under seismic spotlight

Jan 22, 2016

CGG is to start a multi-client airborne gravity and magnetic survey offshore South Africa this month ahead of a new licensing round expected in the region later this year. The Petroleum Agency of South Africa (PASA) has authorized the program…

Statoil enters South Africa with ExxonMobil

Oct 29, 2015

Statoil has completed a farm-in transaction with ExxonMobil, acquiring a 35% interest in the ER 12/3/154 Tugela South Exploration Right offshore South Africa. The remaining interests are held by operator ExxonMobil (40%) and co-venturer Impact Africa (25%)…

Galp gains operatorship off Africa

Oct 27, 2015

Galp Energia entered into an agreement with the Government of São Tomé and Príncipe, and Kosmos Energy for the award of Block 6 offshore São Tomé and Príncipe, offshore Africa. Galp Energia will be the operator of the block with 45% interest…

Erin Energy reports new management

Sep 11, 2015

Image: silhouette of an offshore rig. Erin Energy Corp. announced changes within its management structure. The changes are in response to recent drilling and production successes, and to support the company’s growth strategy…

FPSO market to reach US$8.65 billion in 2015

Jun 11, 2015

The global capital spending on newbuild and converted floating production storage and offloading (FPSO) vessels could reach US$8.65 billion this year, according to consultancy firm Visiongain.  The largest spend will be focused on offshore…

AGR, SP Offshore enter MoU

May 07, 2015

AGR and SP Offshore Energy Services signed a memorandum of understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra deepwater (UDW) well off the Comoros Islands, between Mozambique and the Comoros…

Exploration activity in Africa undeterred by oil prices

Apr 23, 2015

Young Okunna, GlobalData's upstream analyst covering Sub-Saharan Africa reported that the current downturn in oil prices has not slowed down in the region.  Although several firms have cut back on their global exploration budgets, the region continues to attract activity…

PwC: African oil spend rethink required

Feb 17, 2015

Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil and gas industry in Africa released by PwC today (17 February)…

Offshore East Africa: what’s next?

Feb 02, 2015

As a result of recent offshore successes in Mozambique and Tanzania, the entire East Africa margin currently has the attention of the world’s new ventures teams, explorers and gas (LNG) buyers. What might happen next in this new hydrocarbon province…

General manager changes at INPEX

Jan 26, 2015

Effective 1 February 2015, INPEX will have two new changes in general managers. Toru Akutsu, currently the general manager of the exploration & exploitation unit domestic project division, will become the project general manager of the domestic project division…

Seabird inks West Africa seismic

Jan 19, 2015

SeaBird Exploration has signed a letter of intent for use of the Northern Explorer for a 2D seismic survey offshore West Africa. The survey will cover about 1700km and is worth about US$1.3 million. The project is expected to start in February and last two weeks.

Total restructures E&P branch

Dec 09, 2014

Total is changing things up by restructuring its exploration and production branch into five geographical divisions, an exploration division and five functional divisions. Image from Total.   Changes…

Tullow cuts 2015 exploration spend

Nov 14, 2014

Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices.  The move will see Tullow’s investment focus on West Africa…

Gabon gas discovery for ENI

Aug 04, 2014

Eni made a gas and condensates discovery in the Nyonie Deep exploration prospect in block D4, about 13km from the coast of Gabon. ENI estimates initial potential in place is 500MMboe. The discovery was made in the pre-salt of Gabon through the NFW Nyonie Deep 1 well…

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