Exploration

Simba Essel Energy and Essel Group Middle East sign contract to commence FTG survey In Liberia

Simba Essel Energy Inc has advised that its partner Essel Group Middle East has signed an agreement with Bell Geospace to conduct a comprehensive airborne FTG (Full Tensor Gravity Gradiometry) survey across Simba’s exploration block in Liberia

The contract will see Bell Geospace fly Full Tensor Gravity Gradiometry (FTG) surveys across 2,962km² of the onshore coastal strip of Liberia lying within the known extent of the Roberts-Bassa basin.

Bringing its considerable strength in high resolution gravity technology, Bell Geospace will commence survey flights during last quarter 2017 and early 2018. The outcome of the surveys will provide processing and interpretive surveys resulting in 3D imaging of the complex sub-surface geology of this highly prospective exploration block.

Bell Geospace will use a Basler BT-67 flying at low altitude to conduct the survey.

Mr. Hassan Hassan, Managing Director, Operations, Simba Essel Energy Inc. comments: “We are very pleased to once again work with Bell Geospace and look forward to beginning the next stage in the development of our Liberian Hydrocarbon Reconnaissance Permit. Acquiring FTG data over the onshore/shallow water will provide valuable data which will be critical in planning the future seismic program"

Oil price drop impacts across central African economies: ECA

The United Nations Economic Commission for Africa (ECA) has released a video about how central African economies can move forward, particularly in the context of a low oil price environment

Total sign study agreement for offshore areas of Guinea

Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra-deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 sq km

Glencore to acquire Chevron's assets in South Africa and Botswana

In a deal worth nearly US$1bn, Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (RF) Proprietary Limited (OTS) to acquire from OTS a 75 per cent stake in Chevron South Africa Proprietary Limited and certain related interests and the entire issued share capital of Chevron Botswana Proprietary Limited, following closing of OTS’s exercise of its pre-emptive right to acquire the Assets from the Chevron group, coming days after securing a larger stake in Latin Americas top zinc miner

African national oil companies must evolve in challenging environment says PwC analyst

Chris Bredenhann, Africa advisory oil and gas leader, PwC, has called for African national oil companies (NOCs) to rethink their business models and strategies in order to avoid dependence on a single energy source and to rebalance budgets

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