The Atlantic margins focused oil and gas exploration company Chariot Oil & Gas Limited has announced the result of the well on the Central Blocks license, offshore Namibia (Chariot 65% (Operator), Azinam 20%, NAMCOR 10% and Ignitus 5%).The well has been safely drilled to a total MD of 4…
Azinam, financially backed by private equity firm Seacrest Capital, will plug and abandon its Prospect S well in Petroleum Licence (PEL) 71 offshore Namibia, it said on Thursday.'The anticipated stacked target reservoirs were penetrated and the well encountered wet gas shows…
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where…
Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday.'The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia…
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area…
ONGC Videsh has entered an agreement with Tullow Oil to acquire a 15% participating interest in the offshore Namibia Petroleum Exploration License 0030 for Block 2012A. India-based ONGC Videsh said today (21 November) the completion of…
Pancontinental Oil & Gas has signed a petroleum agreement (PA) for its second block offshore Namibia. Under the agreement, the firm has committed to a four-year exploration program. Pancontinental also will become project operator with 75% interest in Block 2713 in the Orange Basin…
Global Petroleum's subsidiary Jupiter Petroleum says extra time given to assess its acreage offshore Namibia has given it chance to see more potential. The firm has been given an extension to its first renewal exploration period for License 29…
It’s a smaller, more focused exploration world as we start 2018. Elaine Maslin discusses the main themes for 2018 with Wood Mackenzie’s Andrew Latham (First published in the January 2018 OE, access full issue here). Deepwater is very…
Tullow oil is aiming to start drilling on the Cormorant prospect in the Walvis Basin offshore Namibia at the start of September next year [2018], according to partner Pancontinental. The Cormorant prospect, in about 550m water depth, is part of exploration license in PEL 37…
Eco (Atlantic) Oil & Gas is plannig to drill a well on its Osprey prospect in the Cooper Block (PEL30) in the Walvis Oil Basin, offshore Namibia. Osprey is in about 500m water depth and has had several thousand kilometers of 2D seismic and a 3D survey…
ONGC has officially entered offshore Namibia, following the completion of its 30% stake deal of Namibia Petroleum Exploration License 0037 from Tullow. ONGC subsidiary ONGC Videsh completed the acquisition of 30% participating interest…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
Africa Oil Corp. (AOC) and Eco (Atlantic) Oil and Gas are forming a strategic partnership for exploration in West Africa and Guyana. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77% shareholding in Eco through the purchase…
Africa Energy signed a multimillion deal with Pancontinental to take 33.33% stake in subsidiary Pancontinental Namibia (PNPL). Pancontinental will retain 66.67% of the issued capital of PNPL, which holds a 30% interest in the highly prospective license PEL 37…
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