Noting a smooth exploration and development process in the Badr Oil Field (BED-1), TAG Oil has announced that it has successfully completed the drilling phase for the BED4-T100 horizontal well in the Abu Roash 'F' limestone formation (ARF)
Exploration
Agogo FPSO one of the high value contracts to maintain O&G resilience in 2023

The survey reveals that the total disclosed contract value stood at US$187.48bn in 2023. (Image source: GlobalData)
Data and analytics company, GlobalData, has found a significant decline of 22% in disclosed oil and gas contract volume from 7,550 contracts in 2022 to 5,915 in 2023
Liberty Petroleum signs production sharing agreements with Somalia

The East African region has rose to prominence with the abundance of its reserves. (Image source: Adobe Stock)
Liberty Petroleum Corporation has signed three production sharing agreements (PSAs) between the Federal Government of Somalia and Liberty’s affiliated company, Petro Quest Africa Corporation
SGS to offer specialised services in Uganda

SGS has been approved to provide PVOC services to exporters and importers of specialist oil and gas equipment. (Image source: SGS)
The Petroleum Authority of Uganda (PAU) has approved SGS, a leading testing, inspection and certification company, to provide pre-export verification of conformity (PVoC) services to exporters of specialist oil and gas materials equipment
Galp makes light oil discovery offshore Namibia

Post drilling, the team has found a significant column with light oil in reservoirs of high quality. (Image source: Adobe Stock)
Following significant discoveries from Mopane-1X well, Galp, along with partners NAMCOR and Custos, has also finished drilling the Mopane-2X well to its designed depth, in block PEL83