Seplat Petroleum News

 

Norway's APA 2017 gets record interest

Sep 06, 2017

The Norwegian Ministry of Petroleum and Energy received a record response for the Awards in Predefined Areas (APA) 2017 round, with a total of 39 companies submitting applications for new acreage on the Norwegian Continental Shelf (NCS). Map…

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…

Atlantic Petroleum completes sale of Norwegian activities

Jan 23, 2017

Atlantic Petroleum (APN) has completed the sale of its Norwegian activities to M Vest Energy. The Norwegian activities include all of Atlantic Petroleum Norway’s assets and licenses, the liabilities of the licenses, and employees. Ben…

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…

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…

Statoil increases Lundin stake

Jul 01, 2016

Statoil has completed a deal, selling 15% stake of the Edvard Grieg field to Lundin Petroleum, which will now increase the Norwegian giant’s shareholding in Lundin to 20.1%. The transaction also included the divestment of associated pipeline…

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…

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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