Upstream costs appear to be bottoming out

THE COSTS OF building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).

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Tweneboa shaping up as major new Ghana find

AN APPRAISAL WELL on the deepwater Tweneboa discovery offshore Ghana has intersected a large hydrocarbon column, according to operator Tullow Oil.

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Cabinda onshore probe strikes oil

THE CASTANHA-1 EXPLORATION well on the Cabinda South onshore block in Angola has struck about 15 m of hydrocarbons in pre-salt sediments, according to project partner Roc Oil.


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Egyptian drilling activity to remain high in 2010

EGYPT GENERAL PETOLEUM Corp (EGPC) is trying to secure a US$2bn debt-financing deal, extending over 58 months and to be used for export finance, from the private sector.

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Bowleven signs LOI for rig to drill offshore Cameroon

BOWLEVEN HAS SIGNED a letter of intent (LOI) for a rig for its planned drilling campaign on the Etinde Permit (Etinde), offshore Cameroon, and completion of legal documentation is expected shortly.

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