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Exploration

FAR HASā€ˆRECEIVED notification of a Presidential Decree from the Republic of Senegal confirming a one-year extension to the First Renewal Period under the Contract for Exploration and Hydrocarbon Production Sharing covering the Rufisque and Sangomar and Sangomar Deep offshore blocks.

CHINA NATIONAL PETROLEUM Corp has recently started drilling its first overseas offshore exploration well as it expands its expertise to the offshore sector.p>CHINA NATIONAL PETROLEUM Corp has recently started drilling its first overseas offshore exploration well as it expands its expertise to the offshore sector.

COVE ENERGYS BELFORD Dolphin drillship has commenced a fully funded four well deep-water program in the Rovuma Offshore Area 1 Mozambique, in December 2009 and is currently drilling on the Windjammer prospect, the first to be evaluated in the drilling schedule. Anadarko Petroleum Corporation is the operator.

p>COVE ENERGYS BELFORD Dolphin drillship has commenced a fully funded four well deep-water program in the Rovuma Offshore Area 1 Mozambique, in December 2009 and is currently drilling on the Windjammer prospect, the first to be evaluated in the drilling schedule. Anadarko Petroleum Corporation is the operator.

UK FIRM SOLO Oil will spend US$10.7mn to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.p>UK FIRM SOLO Oil will spend US$10.7mn to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.

EGYPT MAY DRILL 520 exploratory and development oil wells and 36 natural gas wells this year, according to the Egyptian Minister of Petroleum.p>EGYPT MAY DRILL 520 exploratory and development oil wells and 36 natural gas wells this year, according to the Egyptian Minister of Petroleum.

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