Seplat Petroleum News

 

Faroe given nod for Brasse appraisal

May 05, 2017

Faroe Petroleum has been given Norwegian Petroleum Directorate approval to drill appraisal well 31/7-2 S on the Brasse discovery. Well 31/7-2 S will be drilled using the Deepsea Bergen semisubmersible drilling rig in production license 740…

Lundin gains spin-off approvals

Apr 11, 2017

Lundin Petroleum has gained regulatory consents and approvals to complete the internal reorganization to spin-off its assets in Malaysia, France and the Netherlands into International Petroleum Corp. (IPC). The reorganization was completed on 7 April 2017…

Exxon, Qatar Petroleum ink Cyprus PSC

Apr 05, 2017

US supermajor ExxonMobil and Qatar Petroleum signed an exploration and production sharing contract with the government of the Republic of Cyprus for Block 10. Block 10 PSC signing. Image from Qatar Petroleum…

Guyana creates Petroleum Directorate

Jan 19, 2017

Guyana's Ministry of Natural Resources says it is planning to have a new Petroleum Directorate established and functioning within Q1 this year. The move comes as the South American country eyes its first offshore oil production, following…

Cyberhawk wins Dubai Petroleum framework deal

Dec 19, 2016

Unmanned aerial vehicle (UAV) inspection and survey firm Cyberhawk Innovations has won a three-year framework with Dubai Petroleum for UAV inspections across all of its offshore assets. The agreement, which has the option to renew on a yearly basis for two years…

Africa Petroleum loses Liberia licenses

Nov 23, 2016

West Africa focused independent African Petroleum is to drop its production sharing contracts for blocks LB-08 and LB-09 after they expired. The PSCs formally expired in June 2016 and since then the firm has been in discussions with Liberian authorities over a possible extension…

Statoil to drill Njord NF2 well

Jul 26, 2016

The Norwegian Petroleum Directorate has granted Statoil Petroleum drilling permit for well 6407/7-9 S using the Songa Delta semisubmersible drilling rig.  The well, also called Njord NF2, is in production licence PL 107 C, operated by…

Bridge buys Orlando stake

Jun 06, 2016

Atlantic Petroleum entered into a US$1.1 million (DKK 7 million) sale and purchase agreement with Bridge Petroleum for its 25% interest in the Orlando development, offshore the UK. The deal also includes a deferred consideration in the…

Up to the challenge

Jun 01, 2016

Jerry Lee speaks with Thomas K. Holley about his 30-year career and challenges he faced as interim chair at the University of Houston’s petroleum engineering department. Holley. After nearly 30 years with Shell…

Atlantic Petroleum gets LOG lifeline

Mar 28, 2016

Atlantic Petroleum entered into heads of terms with London Oil and Gas (LOG) to inject about US$11.4 million of funds and assets into Atlantic by 24 June 2016. “Atlantic Petroleum's Orlando & Kells assets are expected to have a high value when the market conditions improve…

Lundin secures more financing

Mar 21, 2016

Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…

M Vest buys Atlantic Petroleum North Sea fields

Mar 10, 2016

Atlantic Petroleum has agreed to sell its Norwegian activities to M Vest Energy - a company partly owned by Atlantic's existing management. The Norwegian activities include all of Atlantic's assets and licenses, the liabilities of the licenses…

New Zealand data pack updated

Feb 23, 2016

New Zealand Petroleum & Minerals, the government's petroleum permitting agency, has released its 2016 Petroleum Exploration Data Pack. This year’s data pack adds a number of new projects to the comprehensive compilation of open-file seismic and well data…

Qatar Petroleum, Chevron sign Moroccan deal

Feb 08, 2016

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration, a subsidiary of Chevron Corp., to acquire a 30% participating interest from Chevron’s 75% share in three deepwater offshore leases in the Kingdom of Morocco: Cap Rhir Deep…

Drilling commences on Roc-1

Nov 25, 2015

Carnarvon Petroleum has announced that operator Quadrant Energy has spud the Roc-1 well on 24 November 2015. Drilling is expected to reach 4700m total depth, and take about 35-40 days trouble free. Well logging and sidewall coring is expected to take about 5-10 days on success case…

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