“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
“It is high time that it addressed the ongoing pollution caused to these communities by its operations. The question must be asked whether Shell simply plans to leave the Niger Delta without addressing the environmental disaster which has unfolded under its watch?”
The vote appoints Hesham Mekawi, Christopher Cox, Maria Gordon, Craig van der Laan, Richard Herbert and Tom Pitts to the board with immediate effect. They all received 99.2% approval at the vote.
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
“The exploration of oil and gas in DRC sets us on the path of more climate catastrophes that will disproportionately affect the poor,” Kitisya said.
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.
“I look forward to building on this success as the Company prepares for further appraisal at Mukuyu, while it holds a portfolio of exciting exploration prospects and leads, which have been significantly de-risked through the recent drilling campaign.”
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
“Production is not at the level we would like. We intend to own the asset and we need a new plan of development, which will take different things into consideration,” he said. Many wells need to undergo workovers, he said, in order to make it fit for the long term.
XR called on the government to refuse access to the “Karpinsky and all other vessels engaged in harmful exploration activities in the Antarctic region”.
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
As news of the drilling challenges broke, the company’s share price fell 65%.
“I told [the European Parliament] to go to hell!” Museveni said. “But I didn’t hear the French government making any trouble.”
Capricorn chair Nicoletta Giadrossi is stepping down immediately from the board. So too is CEO Simon Thomson, in addition to Peter Kallos, Alison Wood and Luis Araujo.
Kingfisher will have around 20 production wells and 11 water injection wells, from four pads.
The company’s work has reduced risk on trap, source and seal, it said. Reservoir remains a moderate risk, it said, while the “lateral extent and continuity of reservoir sands is still unknown”.
The agency said the extension would give the IOCs and NOCs that had bought data “time to continue their technical evaluation of the fantastic acreage”.
“Despite billions in investments and divestments over a decade, we do not find evidence that Capricorn created any meaningful value for shareholders.”
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
Shell has contracted the Stena Forth for three wells offshore Egypt, following the rig’s recent success at the Nargis-1 exploration well for Chevron.
However, the company said in closing, it would “continue to consider its alternative strategic options, with the objective of maximising value for its unitholders”.
The East Mediterranean “has abundant energy resources, and their development is driving strategic collaboration in the region”.