equatorial guinea

Oil & Gas

SacOil joins consortium to develop Bioko Oil terminal tank farm


SacOil has joined a consortium to help develop the Bioko Oil terminal tank farm in Equatorial Guinea. The South African oil and gas company has teamed up with Taleveras Group, Gunvor Group and the Strategic Fuel Fund. The terminal is set to be a massive storage facility and has been spearheaded by the Ministry of Mines, Industry and Energy of Equatorial Guinea.

Oil & Gas

RoyalGate Energy to drill at prospect in Equatorial Guinea


RoyalGate Energy said it will drill the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect in Equatorial Guinea. The Z-1 well is set to be drilled in the first quarter of 2016 close to the location of previous offset wells and in the vicinity of known producers. Located to the north of Bioko Island and south of the Marathon Oil-operated Alba field, Block Z has estimated gas reserves of more than 3.6 tcf.

Oil & Gas

Ophir Energy awards two consortia contacts for Fortuna LNG project


Ophir Energy has awarded two contractor consortia contracts for its Fortuna FLNG project in Equatorial Guinea. The agreements, for Upstream Front End Engineering and Design (FEED), were given to McDermott Marine Construction and GE Oil & Gas and Subsea 7 and Aker Solutions. The move comes in the same week the company revealed it would be reduce its headcount and closing offices in a $60million savings bid.

Oil & Gas

Noble hires SBM floater

SBM Offshore has been contracted by Noble Energy for the provision, lease and operation of a production ship (FPSO) for the Aseng field on block I offshore Equatorial Guinea in waters about 1,000m (3,300ft) in depth.