“Chappal Energies is a committed Nigerian-owned energy company with the ambition to develop the assets further, contributing to the Nigerian economy for years to come.”
Operations at the Nigerian oil block have been halted for more than a decade by a series of trials and competing legal claims.
Capricorn will “vigorously defend” its position, it said. This may include “exercising rights under the sales agreement”, it said.
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
The company holds Block 2914B, next to Shell’s Block 2914A. Galp is to the north, at PEL 83, where it intends to begin drilling on the Mopane complex this month.
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
The FPSO is on its way to West Africa, the CEO said, while the FLNG facility should leave Singapore by the end of 2023. According to Marine Traffic, the FPSO is today offshore Maputo.
Total plans to drill one exploration well. Should it be successful, it may drill up to nine more.
The Italian company said it would begin work immediately and expected to complete this in early 2026.
The statement from NPC said it was focused on oil and gas potential in Libya’s maritime area. The agreement also covers training.
“For me, it’s easier to develop offshore projects than onshore projects. Onshore there are stakeholders, who are more complex to manage.”
The company completed the well in the summer. The HYSM-01 well is now producing 3,000 bpd of oil.
Allseas will deploy its Pioneering Spirit, the world’s largest construction vessel, to begin in early December 2023. Allseas will also use its Oceanic offshore support vessel.
Energy Link Infrastructure owns the ELI Akaso and CESL operates and manages the facility. CESL said it would provide “evacuation, storage and offtake” for producers in the area.
Ademola went on to say projects such as the FSO allowed the company to meet growing demand from the company’s customers.
TotalEnergies has agreed the sale of a 40% stake in Block 20, in Angola's Kwanza Basin, to Petronas.
Total has two rigs working in Namibia, with the Tungsten Explorer and the Deepsea Mira. A recent update from Vantage Drilling reported Total had extended the contract on the Tungsten Explorer into the second quarter of 2024.
North Sea firms have been moving away from traditional training methods for staff and adopting technology from video games that force workers to live through vital training scenarios in the virtual world.
Under the agreement, the companies will drill one exploration well in the initial five-year exploration period.
Eni discovered Baleine in September 2021. It took the final investment decision around six months later.
The rigs will carry out drilling, completion, testing, temporary abandonment and workovers, in water depths from 600 to 1,800 metres.
Travel restrictions have eased, she said, and the company sees a need for quality control work. “We do understand the reasons for the remedial work – and we’re taking actions for Scarborough.”
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
EnerMech has been awarded a five-year, multi-million pound contract by TotalEnergies EP Congo for crane and lifting maintenance at a new local facility.