After the agreement of nine-month oil production cut in OPEC meeting in Vienna on 25 May 2017, aimed at boosting the oil price and stabilising the market, industry experts anticipated that oil price would remain volatile with US showing another surge in oil production
Exploration
Oil Review Africa weekly digest - 29th May - 2nd June
Here is a brief overview of the weeks new on Oil Review Africa, from 29th May - 2nd June 2017
SDX Energy announce natural gas well test results of SD-1X, Egypt
SDX Energy Inc, the North Africa-focused oil and gas company, has announced the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disouq, Egypt where the Company has a 55 per cent Operated working interest
Add Energy wins BP’s US$1.8mn West Nile Delta contract
Add Energy, the global energy consultancy provider, has been awarded a maintenance build contract worth more than US$1.8mn with BP for work on West Nile Delta (WND), a development located just off the north coast of Egypt
Nigeria's Petroleum Industry Bill passed by the Senate
The Nigerian oil and gas industry came one step closer to reform with the Petroleum Industry Bill (PIB) passing the West African countrys senate late last week