Exploration

M&P hits Gabon oil as profits soar

MAUREL & PROM HAS announced a fresh oil discovery in Gabon as it posted surging 2008 profits and reaffirmed plans to buy up assets made cheaper by a sharp drop in oil prices. "We are looking at farm ins, or partnerships in another company's oilfield,” chairman Jean-Francois Henin.

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Tullow antes up for Liberia stake

TULLOW OIL HAS bought 25 per cent interest in LB-15, LB-16 and LB-17 licenses in Liberia in January. The company joined US independent Anadarko Petroleum and Spain’s Repsol YPF to explore in Liberia.

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Noble pay Equatorial Guinea

NOBLE ENERGY HAS made an oil discovery on block O at the Carmen prospect, offshore Equatorial Guinea. The well encountered approximately 7.9 m of net oil pay along with 4 m of net gas pay, the company says.

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Akpo field onstream ahead of schedule

TOTAL UPSTREAM NIGERIA has started production from the Akpo deepwater development ahead of the planned start-up date.

The field has proved and probable reserves estimated at 620 MMbbl of condensate (around 50° API), and more than 1 tcf of gas.

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Afren shores up Ebok

FOLLOWING AN INDEPENDENT assessment UK-based Afren has confirmed that its Ebok field off Nigeria has provedprobable reserves of 148 mn barrels of oil for the FB1 and FB2 areas of the field.

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