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Exploration

UK-BASED AFREN plc has lifted the resource potential in the Ebok field to 182mn barrels following the success of the Ebok-6 appraisal well off Nigeria.

p>UK-BASED AFREN plc has lifted the resource potential in the Ebok field to 182mn barrels following the success of the Ebok-6 appraisal well off Nigeria.

NIGERIA IS WEIGHING up plans for a new licensing round, with a senior government official claiming that blocks holding an estimated 2bn barrels of reserves would be up for grabs.

p>NIGERIA IS WEIGHING up plans for a new licensing round, with a senior government official claiming that blocks holding an estimated 2bn barrels of reserves would be up for grabs.

ABERDEEN-BASED CONTAINENTAL Offshore has strengthened its presence in West Africa following a series of contract wins in the region.

p>ABERDEEN-BASED CONTAINENTAL Offshore has strengthened its presence in West Africa following a series of contract wins in the region.

KOSMOS ENERGY’S 2009 capital raise exceeded US$1bn. The amount includes US$825mn in project finance debt facilities committed by international financial and banking institutions, including US$75mn committed by Credit Suisse International in late 2009 and US$750mn secured in July 2009.

p>KOSMOS ENERGY’S 2009 capital raise exceeded US$1bn. The amount includes US$825mn in project finance debt facilities committed by international financial and banking institutions, including US$75mn committed by Credit Suisse International in late 2009 and US$750mn secured in July 2009.

THE COSTS OF building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).

p>THE COSTS OF building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).

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