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Exploration

Libya wants assurances from BP after its handling of the Gulf of Mexico oil spill but will allow it to start deep-water drilling in the Mediterranean, the countrys top oil official said Monday.

p>Libya wants assurances from BP after its handling of the Gulf of Mexico oil spill but will allow it to start deep-water drilling in the Mediterranean, the countrys top oil official said Monday.

VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 2,757 m offshore Gabon and encountered approximately five m of Gamba sandstone section which logged oil full to base.

p>VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 2,757 m offshore Gabon and encountered approximately five m of Gamba sandstone section which logged oil full to base.

Africa Oil has signed a Farmout Agreement and Joint Venture Agreement with Agriterra (formerly White Nile Ltd.) to acquire an 80 per cent participating interest and operatorship of the South Omo Block in Ethiopia.

p>Africa Oil has signed a Farmout Agreement and Joint Venture Agreement with Agriterra (formerly White Nile Ltd.) to acquire an 80 per cent participating interest and operatorship of the South Omo Block in Ethiopia.

Egypt is considering reducing the number of oil rigs operating in the Gulf of Suez after an oil spill polluted a stretch of Red Sea coast popular with tourists, the oil ministry said.

p>Egypt is considering reducing the number of oil rigs operating in the Gulf of Suez after an oil spill polluted a stretch of Red Sea coast popular with tourists, the oil ministry said.

Enel, represented by Massimo Sciancalepore, Head of Business Development, Upstream Gas Division, and the Ministry of Petroleum of the Arab Republic of Egypt, represented by H.E. Ashraf Rashed, Ambassador of the Arab Republic of Egypt in Rome, signed a co-operation agreement aimed at strengthening the long-standing strategic relationship between Enel and the Egyptian Natural Gas Holding Company (EGAS), dating back to 2008.

p>Enel, represented by Massimo Sciancalepore, Head of Business Development, Upstream Gas Division, and the Ministry of Petroleum of the Arab Republic of Egypt, represented by H.E. Ashraf Rashed, Ambassador of the Arab Republic of Egypt in Rome, signed a co-operation agreement aimed at strengthening the long-standing strategic relationship between Enel and the Egyptian Natural Gas Holding Company (EGAS), dating back to 2008.

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