Total starts up second Kaombo FPSO off Angola, Soco completes Merlon Petroleum buy and more top news
What's the latest in the African oil & gas sector? Read our weekly news round-up, curated by the AOW team.
Total starts up second Kaombo FPSO off Angola. Total has started production from the second floating production, storage and offloading (FPSO) unit for its Kaombo project off Angola. It will add 115,000 barrels of oil per day (bopd) and bring the overall production capacity to 230,000 bopd, equivalent to 15% of the country’s production. Read more
Soco Completes Merlon Petroleum Buy. Soco Internatnional completed the acquisition of Merlon Petroleum El Fayum Company from Merlon International. As previously announced, SOCO agreed to acquire Merlon in consideration for approximately $136 million in cash and the issue of 65,561,041 new SOCO ordinary shares to the seller. Read more
Sirius seeks extension to Ororo field license amid drilling plan delays. Sirius Petroleum is seeking a further extension from Nigerian authorities to the term of its Ororo field license off Nigeria amid delays with its drilling program on the field. Read more
South Sudan to boost oil production by 70,000 bpd by June. South Sudan’s Minister of Petroleum, Ezekiel Lol Gatkuoth, has announced that the country is targeting an increase in crude oil production of 70,000 bpd by June 2019. The country will resume oil production at the El-Nar, El-Toor and Manga oilfields by April 27. Read more
Equatorial Guinea signs definitive agreements for Alen Unit gas monetisation project.Equatorial Guinea's Ministry of Mines and Hydrocarbons has executed the definitive agreements with Alen Unit and the respective owners of Punta Europa Plant to monetise gas from the Alen Unit. Read more
Chariot pursuing potential gas project offshore Morocco. The other partner is state-owned Office National des Hydrocarbures et des Mines with a 25% carried interest. Lixus covers a 2,390-sq km (923-sq mi) area, 30 km (18.6 mi) north of Chariot’s existing Moroccan acreage, over water depths extending from the coastline to 850 m (2,789 ft). Read more
Total starts up second Kaombo FPSO off Angola. Total has started production from the second floating production, storage and offloading (FPSO) unit for its Kaombo project off Angola. It will add 115,000 barrels of oil per day (bopd) and bring the overall production capacity to 230,000 bopd, equivalent to 15% of the country’s production. Read more
Soco Completes Merlon Petroleum Buy. Soco Internatnional completed the acquisition of Merlon Petroleum El Fayum Company from Merlon International. As previously announced, SOCO agreed to acquire Merlon in consideration for approximately $136 million in cash and the issue of 65,561,041 new SOCO ordinary shares to the seller. Read more
Sirius seeks extension to Ororo field license amid drilling plan delays. Sirius Petroleum is seeking a further extension from Nigerian authorities to the term of its Ororo field license off Nigeria amid delays with its drilling program on the field. Read more
South Sudan to boost oil production by 70,000 bpd by June. South Sudan’s Minister of Petroleum, Ezekiel Lol Gatkuoth, has announced that the country is targeting an increase in crude oil production of 70,000 bpd by June 2019. The country will resume oil production at the El-Nar, El-Toor and Manga oilfields by April 27. Read more
Equatorial Guinea signs definitive agreements for Alen Unit gas monetisation project.Equatorial Guinea's Ministry of Mines and Hydrocarbons has executed the definitive agreements with Alen Unit and the respective owners of Punta Europa Plant to monetise gas from the Alen Unit. Read more
Chariot pursuing potential gas project offshore Morocco. The other partner is state-owned Office National des Hydrocarbures et des Mines with a 25% carried interest. Lixus covers a 2,390-sq km (923-sq mi) area, 30 km (18.6 mi) north of Chariot’s existing Moroccan acreage, over water depths extending from the coastline to 850 m (2,789 ft). Read more
