Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
Africa Energy is seeking a rig to drill the Gazania-1 well, offshore South Africa in the third quarter of the year.
Azinam South Africa has completed its purchase of a 50% stake in South Africa’s Block 2B, expecting to drill a well this year.
Total has tested the Luiperd-1X well at a maximum rate of 9,820 barrels of oil equivalent per day, limited by surface equipment.
Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving some exploration options tantalisingly undrilled.
Total has made a second discovery offshore South Africa in the Outeniqua Basin, following the Brulpadda discovery of 2019.
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
South African Mineral Resources and Energy Minister Gwede Mantashe has welcomed Odjfell Drilling’s Deepsea Stavanger to Cape Towin.
The Odjfell Deepsea Stavanger is on its way to South Africa, to drill more wells for Total.
Africa Oil paid down $45.2 million of its debt during the first quarter, after receiving $87.5mn from its stake in three major Nigerian oilfields.
Drilling is expected to go ahead as planned at South Africa’s Block 11B/12B, with the first Luiperd well due in June.
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.