OPEC’s monthly report has stated that likely demand for its oil next year will be much higher than expected
Exploration
Angola to award 10 exploration contracts by December
Angola’s state-owned oil firm Sonangol has announced that it will award exploration rights to its onshore prospects by December this year
FAR gets farm-in option for Senegal offshore block
FAR Limited (FAR) has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil (Trace) for the Djiffere block offshore Senegal
RoyalGate Energy to drill offshore Equatorial Guinea
RoyalGate Energy has announced that it will drill the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect in Equatorial Guinea
Nigeria’s NNPC secures US$1.2bn funding for drilling
The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package