Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates โmuch higherโ than current production.
The MoU today demonstrates that โnot only are we are strengthening our energy security and lowering bills for consumers in the long term, weโre unlocking huge opportunities for investment in British expertise and jobs in the processโ.
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
ADM Energyโs board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
Zenith Energy has paid $250,000 to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as a first payment for its acquisition of the Sidi El Kilani concession in Tunisia.
A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude in the wake of a global demand slowdown.
Zenith Energy has extracted better still terms from embattled Anglo African Oil & Gas (AAOG) on the sale of the Tilapia oilfield, in Congo Brazzaville.
Zenith Energy has struck a first deal in Africa with an agreement to buy an 80% stake in the local unit of troubled Anglo African Oil & Gas (AAOG) in Congo Brazzaville.
Aberdeen-based energy recruitment consultancy Triton Energy Solutions has announced a partnership with an Abu Dhabi firm to supply oil and gas workers in the region.