HYPER DYNAMICS HAS SIGNED a binding sale and purchase agreement (S&PA) with Aberdeen-based Dana Petroleum under which Dana has agreed to acquire, through its subsidiary, Dana Petroleum (E&P) Limited, a 23 per cent participating interest in Hyperdynamics oil and gas concession offshore the Republic of Guinea.
US INDEPENDENT APACHE has said that its recent WKAL-A-2X discovery, in Egypt, tested at 5085 barrels of oil and 130 mmcfd of gas
DANA GAS, THE Middle Easts first and largest regional private sector natural gas company, announced that the Al Baraka-4 well, drilled as an appraisal of the Al Baraka field in the Komombo Concession in southern Egypt, has discovered a new pool in the Six Hills "E" reservoir.
MURPHY OIL ANNOUNCED that initial oil production has commenced at its Azurite field in the Mer Profonde Sud (MPS) block, in territorial water (Atlantic Ocean) of the Republic of Congo (Brazzaville). Azurite, initially discovered in 2005, marks the Companys first operated development in the West Africa region.
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.
