Vaalco’s Etame 11H well in Gabon is producing at rates greater than had been expected before it was drilled, the Texas-based company said, boosting production.
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.
Vaalco Energy has brought the Etame 9H well into production at a stabilised flow of 5,500 barrels per day, of which 1,500 bpd is net.
China’s CNOOC Ltd has signed up to explore two blocks in Gabon, the 11th contract signed since the country brought in its new hydrocarbon code.
Vaalco Energy has posted a loss for the third quarter, with realised oil prices slipping and production down.
Gabon has signed a number of new exploration licences, while also extending production licences.
BW Offshore plans to double production from the first phase of the Ruche development to 30,000 barrels per day.
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
The Carlyle Group is backing a new sub-Saharan Africa focused company through a partnership with Aidan Heavy and Tom Hickey.
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.
BW Offshore said today that the first development well had been completed at the Tortue field, within the Dussafu license, offshore Gabon.
Shell today completed its sale of Gabon onshore interests for $628million.
ION Geophysical has announced a new 2D multi-client program offshore Gabon, in cooperation with the Gabon Ministry of Petroleum and Hydrocarbons.
Royal Dutch Shell is selling 100% of its onshore interests in central West Africa's Gabon for $587 million.
Watch the world-record transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard, from South Korea to Gabon.
Total today confirmed it had sold-off a string of assets in Gabon.
BW Offshore has struck a deal with PPGBV to acquire a 25% working interest in the Dussafu production sharing contract in Gabon.
Workers employed in Gabon by Shell went on strike today amid redundancy concerns, a news report said, citing a letter from a trade union.
Oil workers are set to end a strike at French firm Maurel and Prom's Onal field in Gabon today after a deal was reached to reinstate dismissed personnel.
Opposition candidate Jean Ping has insisted he won Gabon’s presidential election, and accused the incumbent leader of using fraud to secure his victory.
One person has been killed and six other injured in an explosion at an oil site in Gabon, according to Sinopec.
US explorer Vaalco has altered its drilling and workover programme offshore Gabon in the Etame Marin block after adverse weather forced it to reschedule.
Tullow Oil has reached an agreement with the Gabon government allowing the producer to regain its 7.5% stake in the Onal Complex fields and the Ezanga block.