Seplat sees ANOH, Exxon deal delayed
The company said ANOH had faced challenges in the “security situation, poor weather, and contractor performance”.
The company said ANOH had faced challenges in the “security situation, poor weather, and contractor performance”.
These steps would “significantly reduce” the FPSO’s overall carbon emissions and improve operational efficiency, it said.
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.
A former North Sea floating production storage and offloading (FPSO) vessel owned by Altera Infrastructure is set to be redeployed to Africa as part of a 15-year agreement.
BW Offshore has struck a bareboat charter with STAC for two months maximum. After that time, STAC will take full responsibility for the FPSO.
“Our business continues to be undervalued because of the perceived debt overhang,” CEO Dhir said.
“This triumph augments our confidence in other prospects across the nation,” he said. He singled out the potential of further investments in Tullow’s TEN project.
"We look forward to continuing a successful partnership with our customer as we work together to safeguard a sustainable energy supply,” Maier said.
A number of companies have come to explore Morocco’s offshore, drawn in by attractive tax rates and geological models, but have been largely disappointed.
The Prospector 5 will now be under contract until May 2026, while the Natt is under contract until December 2025.
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.”
A statement from GNMTC on August 13 said Khalid Al-Tawati had been stopped by three cars. The official was leaving the office when the kidnappers struck, in full view of workers.
“In September we’ll have the results of the first test, which is very important. Productivity per well is important, if it’s 15,000 barrels per day it’s fine, if it’s five, it’s not fine.”
It is aiming to award the contract and start the work somewhere between the third quarter of 2025 and the second quarter of 2026.
The NGOs raised concerns beyond drilling, though. They predicted more than 2,000 truck trips per day may take place during work.
JGC, Technip Energies and KBR signed on to work on front-end engineering and design (FEED) in November 2022.
Exxon confirmed the move in comments to Energy Voice. It arrived in a yard in Denmark, which can “safely disassemble and recycle the vessel in an environmentally responsible manner”.
Woodside did not identify the cause of the FPSO problems. It struck a deal for a 100,000 barrel per day vessel from Modec in January 2020.
The initial contract will run for three years. Petrofac did not disclose the value of the contract, beyond describing it as “multi-million pound”.
In the second quarter of the year Windward reported another big increase in Malacca, up 200% from the first quarter. Malta, meanwhile, was up 220% on the quarter.
In order to provide a “strong warning and deterrent” to others participating in the stolen oil trade, NNPC said the vessel would be destroyed. Such a move, it said, was of “paramount importance”.
At this point, the report said, drilling lost five days. It attributed this to “trying to latch on to the wellhead because the rig compensator failed”. It noted the “situation was exacerbated by the rig guide funnel having been left behind in Norway”.
Africa Oil bought a 50% stake in Prime in January 2020 for $519.5mn. It has taken $712.5mn in dividends from the company, recovering its investment in under three years.