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Exploration

South Africa to drill 30 new wells by 2024

Total started South Africa’s first deep-water drilling in July 2014 in Outeniqua Basin of the southern port of Mossel Bay. (Image source: Nestor Galina/Flickr)South African government has announced plans to drill 30 new oil and gas exploration wells over the next 10 years as part of its new exploration strategies in the country’s coastal waters

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Angola set to become ‘largest oil producer in Africa’

barrel1The agency has estimated that Nigeria is losing 150,000 bpd to oil theft, the equivalent of US$5bn a year. (Image source: NatOne/Flickr)Angola will overtake Nigeria as the region’s top oil producer from around 2016, an International Energy Agency (IEA) report revealed

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Joint venture partners take FID on offshore Nigerian oilfield

offshore-nigeriaPanoro Energy has a 6.502 per cent interest in OML 113, which is operated by Yinka Folawiyo Petroleum and is located adjacent to Benin border. (Image source: Daktriper/Flickr)Panoro Energy, along with joint-venture partners, has taken a final investment decision (FID) to develop the Aje Cenomanian oil reservoir in Nigeria’s offshore OML113

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Uganda to auction new oil blocks by end of 2014

africa-oilEast Africa has reportedly been a focus of hydrocarbon exploration after substantial crude oil deposits were also found in Kenya, and vast gas reserves discovered in Tanzania and Mozambique. (Image source: Nestor Galina/Flickr)Uganda has announced that it will auction new oil exploration acreage by December this year

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Taipan Resources signs contract for drill rig onshore Kenya

rig-kenyaThe Anza Basin is reportedly one of the largest Tertiary-age rift basins in the East African Rift system that contains multi-billion barrel oil discoveries. (Image source: Justin Haworth/sxc.hu)Taipan Resources’ wholly-owned subsidiary Lion Petroleum has entered into a Letter of Intent (LoI) with Greatwall Drilling Company of China to contract GW-190 rig for its planned well in northeast Kenya’s Block 2B

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