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.

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.

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.

DOF SUBSEA UK has been awarded a contract worth around US$7.4mn by Technip for the provision of a light construction vessel.

EMERSON PROCESS MANAGEMENT has entered into a five-year Global Framework Agreement (GFA) with Shell to serve as a Main Automation Contractor (MAC) on future capital projects globally.