Angola to award 10 exploration contracts by December

Onshore Oil Pump blake.thornberry FlickrSonangol had said that the 10 blocks may hold, on average, reserves of 700,000 barrels of oil each. (Image source: blake.thornberry/Flickr)Angola’s state-owned oil firm Sonangol has announced that it will award exploration rights to its onshore prospects by December this year

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FAR gets farm-in option for Senegal offshore block

Offshore Gas Rig Enrico Strocchi FlickrFAR can exercise the farm-in option for the Djiffere block any time before 31 October 2016. (Image source: Enrico Strocchi/Flickr)FAR Limited (FAR) has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil (Trace) for the Djiffere block offshore Senegal

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RoyalGate Energy to drill offshore Equatorial Guinea

Offshore Drilling www.dragonoil.com Wikimedia CommonsDrilling of the Z-1 well in Block Z is expected to start in Q1 2016. (Image source: www.dragonoil.com/Wikimedia Commons)RoyalGate Energy has announced that it will drill the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect in Equatorial Guinea

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Nigeria’s NNPC secures US$1.2bn funding for drilling

Drilling Rig Travel Aficionado FlickrThe financing will be used to develop 36 oil wells, 23 of which are onshore and 13 offshore. (Image source: Travel Aficionado/Flickr)The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package

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Uganda planning to open up more oil basins

oilwell sudan iancu justin sxc.huTwo basins will be opened up for speculative surveys, to be followed by seismic surveys. (Image source: iancu justin/sxc.hu)Uganda’s Ministry of Energy and Mineral Development (MEMD) plans to open up at least one more oil basin in the country

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