Oil and gas company LUKOIL has entered into an agreement with Cairn Energy to acquire a 40 per cent interest in Senegal’s Rufisque, Sangomar and Sangomar Deep (RSSD) project for US$300mn in cash
Exploration
Global discoveries total 4.9 billion boe, lowest of the century
Global discoveries of conventional resource volumes in the first half of 2020 only reached 4.9 billion barrels of oil equivalent (boe), estimates Rystad Energy, the weakest-performing first half of the 21st century
Cheiron achieves first oil from Gulf of Suez field
Independent exploration and production company Cheiron has announced that the GNN-4 well, which was drilled to assess the recent GNN oil discovery, was completed and tested successfully at an initial rate of more than 2,000 bopd
UOG reports successful well results at Abu Sennan concession in Egypt
United Oil & Gas (UOG), the AIM listed oil and gas exploration, development and production company, has provided an update on the development of El Salmiyah-5 well on the Abu Sennan concession in Egypt
Total, Qatar Petroleum enter deal for two exploration blocks in Côte d'Ivoire
Qatar Petroleum has entered into a farm-in agreement with Total to acquire a 45 per cent stake in blocks CI-705 and CI-706 in the Ivorian-Tano Basin, offshore Côte dIvoire
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