Galp and Shell have spudded the Jaca well, offshore São Tomé and Príncipe, following work off Namibia.
Sao Tome & Principe
An Angolan journalist has raised a red flag over the origins of $30 million – and five patrol boats – supplied to Sao Tome and Principe.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Shell has spudded the Graff-1 exploration well, offshore Namibia, as TotalEnergies continues drilling on the nearby Venus prospect.
France’s Bourbon will provide a logistics package to Shell for upcoming exploration wells offshore Namibia and Sao Tomé & Principe.
Valaris has agreed to provide its Valaris DS-10 rig for Shell’s upcoming exploration in Namibia and Sao Tome & Principe.
Shell’s Nigerian production fell to 223,000 barrels of oil equivalent per day in 2020, with the company blaming security issues, sabotage and theft.
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.