Oil exploration activities will continue in sub-Saharan Africa throughout 2015, despite the slump in oil prices which has led to companies cutting back on their global exploration budget, according to GlobalData Analyst
Exploration
OneSubsea Awarded subsea contract for Egypt’s offshore development
OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt
Camac Energy rebranded as Erin Energy Corporation
USA-based explorer Camac Energy has implemented a series of changes, which includes a change of name to Erin Energy Corporation
Eni reveals record production in Western Egypt
Eni has revealed record production levels at its development leases in Egypt’s Western Desert
OPEC records highest production levels since 2012
A survey by Platts has revealed OPEC’s oil production for March was the highest it has been since 2012