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Exploration

ION Geophysical expands seismic data library offshore Namibia

IONGeophysicalNamibiaSPAN enhances interpretation of its conjugate margin in the Pelotas Basin offshore Brazil, with conjugate ties extending to Uruguay and Argentina. (Image source: BGP)US-based ION Geophysical has completed seismic acquisition stage of its NamibiaSPAN programme that extends the full length offshore Namibia’s continental margin

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Shell sells stake in Nigeria’s OML 18 for US$737mn

shellGas production from OML 18 is delivered to several power, industrial and commercial customers through the Nigeria Gas Company's pipeline. (Image source: Lee Jordan/Flickr)Oil major Shell has sold its 30 per cent interest in Nigeria’s oil mining lease (OML) 18 to Eroton Exploration & Production Company for US$737mn

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African Petroleum grants extension for Liberian licence

AfricanPetroleumAccording to African Petroleum, the licence is situated in a highly prospective region offshore the country. (Image source: African Petroleum)African Petroleum has agreed for an additional extension of a non-binding term sheet until 20 June 2015 with a UK-based exploration and production firm operating LB-08 Licence offshore Liberia

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Bowleven farms out onshore Cameroon field completely

oilwell BowlevenBowleven has also transferred the operatorship of Etinde to NewAge retaining a 20 per cent non-operated interest. (Image source: Dani Simmonds/sxc.hu)Bowleven, Africa-focussed oil and gas exploration group, has announced that it has completed the Etinde farm-out transaction onshore Cameroon at an initial US$165mn cash proceeds

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Oando Energy Resources begins production offshore Nigerian field

offshore nigeriaOER identified the asset in 2012 and an agreement was reached with NEPN for OER to technically lead and fund certain aspects of NEPN’s costs until first oil. (Image source: Kychua/Flickr)Nigeria-focussed Oando Energy Resources (OER) has announced that it has begun commercial production from its Qua Iboe field at gross 2,150 boepd

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