NAMCOR, ReconAfrica ink agreement to develop Kavango basin in Namibia

NAMIBIA – The National Petroleum Corporation of Namibia (NAMCOR), and Reconnaissance Energy Africa (ReconAfrica), have announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to commerciality. The two companies initially entered into a Petroleum Exploration Agreement with the Government of the Republic of Namibia in 2015, under which…

Read More

Total commences production from Zinia Phase 2 short-cycle project

ANGOLA – Broad energy company Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, have announced the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage and Offloading unit). The project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022.  Located in water depths from 600 to 1,200 meters and about 150 kilometres from the Angolan coast, Zinia Phase 2 resources…

Read More

Seacrest company Azinam acquires 50% interest in Block 2B offshore South Africa

SOUTH AFRICA – Azinam South Africa Ltd (ASAL), a Seacrest company, has announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa Under the terms of the company’s farm out agreement with Africa Energy Corp, ASAL has acquired a 50. 0% participating interest in Block 2B and become the Operator of Block 2B on behalf of the joint venture partners. Africa Energy Corp will retain a 27.5% participating interest in the block. Simultaneously, Panoro Energy has become a 12.5% participating interest holder on…

Read More

Tanzania and Uganda finally sign the long-awaited US$15b oil pipeline deal

UGANDA – The governments of Uganda and Tanzania have joined oil companies Total of France and CNOOC of China in signing a series of accords that pave the way for the construction of a pipeline to carry crude from Uganda to Tanga port in Tanzania. The US$3.5 billion project led by Total and China National Offshore Oil Corporation (CNOOC) provides for the management of oilfields in the Lake Albert region in Uganda’s west and proposes pumping the crude to the coast across Tanzania via the East African Crude Oil Pipeline…

Read More

Sudan and South Sudan sign oil production agreement

KENYA – East African nations of Sudan and South Sudan have signed a number of agreements that involve oil production in the two countries. The countries have agreed upon the need to increase oil production in South Sudan, to use and benefit from the expertise and capabilities available in Sudan, and to speed up procedures to open a coordination office in South Sudan. They also agreed upon the need for cooperation through training centres, laboratories, refineries and other facilities in Sudan, the establishment of a partnership working in the field…

Read More

Netherland’s Heerema Contractors closes Angola joint ventures

ANGOLA – Dutch offshore contractor Heerema Marine Contractors has announced the closure of its Angola Joint Ventures, citing ongoing poor market conditions and sustained low oil price, making the Joint Venture no longer economically viable. Having explored possibilities for the future within Angola, Heerema has concluded that the closure of Heerema Porto Amboim (HPA) and Heerema Marine – Sociedade Angolana de Transportes (HMT) is the appropriate option. The Heerema shares in HPA have been sold to Hereema’s Joint Venture partner, while HMT is liquidated as a result of this strategic decision. The HPA…

Read More

NNPC and FIRST E&P announce commencement of oil production from Anyala West field

NIGERIA – The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture announces the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa State (Nigeria) where FIRST E&P is the Operator of the two blocks, on behalf of the NNPC/FIRST E&P Joint Venture. A total of 7 development wells have been planned in Phase 1 and approved by the Department of Petroleum Resources (DPR)…

Read More