Circle oil has drilled, logged and successfully tested the KSR-11 exploration well in the Sebou Permit, Rharb Basin, Morocco
Gas
Statoil, partners sign $1.5bn EPC contract with Petrofac
STATOIL, BP AND Sonatrach sign US$1.15bn engineering, procurement and construction (EPC) contract with Petrofac International (UAE) LLC in Algiers for the execution of the In Salah Southern Fields development project
New gas find in Rovuma basin
Large natural gas deposit found in Rovuma basin.
Africa, gas and the future
GE Estimates five per cent of world's natural gas wasted
GE HAS RELEASED a study, Flare Gas Reduction: Recent Global Trends and Policy Considerations, which estimates that five per cent of the worlds natural gas production is wasted by burning or "flaring" unused gas each year—an amount equivalent to 30 per cent of consumption in the European Union and 23 per cent in the United States.