CABINDA GULF OILl Co. (CABGOC) has hit pay with the 79-3XST1 well in block 0 offshore Angola. The well encountered over 69 m of net hydrocarbon pay in the Upper Pinda formation. The well was tested from a single 46-m perforated interval and flowed at a rate of 11.6 MMcfpd of natural gas and 2,550 bpd of liquid hydrocarbons, the company says.
ANGLO-IRISH INDEPENDENT Tullow Oil has reported that the government of Ghana has formally approved the Jubilee field Phase 1 Development Plan and Unitisation Agreement.
ENVIRNOMENTAL AND REGULATORY concerns surround Ghanas plans to start producing offshore oil.
NIGERIAN ENERGY PLAYER, Oando Energy Services Ltd, has announced the signing of a US$150mn two-year drilling contract with Nigerian Agip Oil Company (NAOC) for its oilfields in the Niger Delta swamps.
This contract further demonstrates the companys commitment to its audacious upstream expansion having invested significantly in the rigs business over the last two years with aspirations of becoming a dominant player in the land and swamp rig business.
