THE CHAIRMAN OF Libyas National Oil Corporation (NOC), Shukri Ghanem, has outlined further proposals within the new oil law drafting process, saying that the reconstitution of the Oil Ministry is likely, as well as a transformation of the NOC into a commercial company, but he has reassured IOCs investing in the country that no further radical changes to their terms should be expected.

TENDEKA, A LEADING completions solutions provider, has completed the first installation of an optical reservoir monitoring system in an offshore platform well for a major operator in West Africa.

CONOCOPHILLIPS, CHEVRON, PETROBRAS and Tullow Oil are among eight international players vying for new exploration blocks in waters off Sao Tome & Principe, according to the head of the West African island nations state-run producer, ANP.