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Exploration

ANGLO-IRISH INDEPENDENT Tullow Oil has reported that the government of Ghana has formally approved the Jubilee field Phase 1 Development Plan and Unitisation Agreement.

THE STATE OFFICE National des Hydrocarbures et des Mines (Onhym) has granted Irelands Island Oil & Gas and London-based Serica Energy two petroleum agreements for the continuous areas of Sidi Moussa Offshore and Foum Draa Offshore in the Agadir Basin.

ENVIRNOMENTAL AND REGULATORY concerns surround Ghanas plans to start producing offshore oil.

NIGERIAN ENERGY PLAYER, Oando Energy Services Ltd, has announced the signing of a US$150mn two-year drilling contract with Nigerian Agip Oil Company (NAOC) for its oilfields in the Niger Delta swamps.
This contract further demonstrates the companys commitment to its audacious upstream expansion having invested significantly in the rigs business over the last two years with aspirations of becoming a dominant player in the land and swamp rig business.

 

PETROCELTIC HAS COMMENCED drilling operations on the Isarene permit in Algeria. Drilling began in the INE-2 well on May 16, 2009.

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