Algeria’s state-run firm Sonatrach has knocked out a new discovery in Libya. NOC, Libya’s state-run firm reported that Sonatrach hit both
NOC reported that the field is expected to yield about 8,200 bpd of oil and 1.7 Mcm of gas per day once development gets underway.
No time frame was announced for the Sonatrach development.
Companies looking to get in on a sure thing in West Africa should take a look at Tullow Oil’s TEN development. The Irish independent is said to be looking at selling a piece of its stake in the project, located on Ghana’s Deepwater Tano Block, once government approval is received on the plan of development (PoD).
The TEN development, made up of the Tweneboa, Enyenra, and the Ntomme discoveries, culminated in the Declaration of Commerciality and the PoD being submitted to the
The proceeds from the sale of part of Tullow's 50% stake will help to fund the company’s exploration in projects in Africa and elsewhere.
Kosmos Energy, Anadarko Petroleum Corp., South Africa's Petro SA and Ghana National Petroleum Corp. are also partners in the TEN project.
French oil and gas explorer Total should be adding to its East African acreage within the next few months. Tanzania’s Energy and Minerals
Muhongo told Bloomberg that Total had approached them and “we are going to issue licenses to Total” to explore in Lake Tanganyika, on the border with DRC. The permits will be issued in the “next few months,” the minister said.
The energy minister also commented on the delayed licensing round, which is expected to take place once Tanzania has its gas policy and legislation in place. The licensing round was expected to launch last September however TPDC was ordered to delay the offering of the nine blocks until legislation was in place.
“We have emphasized in this document that
Among the benefits Tanzania hopes to draw from its natural gas wealth is to more than double electricity production to 3,000 MW by 2015.
Chevron and ENI are said to be interested in
The licenses will be offered “as soon as we get the coordinates right,” he said. “I am talking about this month. Many companies have showed interest.”
Source for articles above: Petroleum Africa
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