Around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, and in 2022, drilling is set to increase even more, by another 19% year-on-year to about 64,500 wells, according to Rystad Energy
Exploration
Invictus Enery completes US$6.10mn placement in Zimbabwe
Invictus Energy Limited has received firm commitments from new and existing institutional and sophisticated investors to raise approximately US$6.10mn (before costs) by way of a share placement in Zimbabwe
ADM Energy announces investment in Nigeria’s Barracuda oil field development
ADM Energy PLC has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria
EnerMech secures work with UK Government for Mozambique’s oil and gas sector
3t EnerMech, a strategic alliance between 3T Energy group and EnerMech, has won a contract with the UK government, which will help to shape future training requirements for Mozambiques oil and gas workforce
Zenith Energy to acquire 45% stake in Candax Energy's Tunisia asset
The fully-owned subsidiary of Zenith Energy Ltd, an international oil and gas production company, has entered into a share purchase agreement with Candax Energy limited
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