Drilling & production

The sale of non-core assets is part of a attempt by the government of Angola to privatise key state assets including parts of Sonangol itself by 2022.

The onshore acquisition currently produces at a rate of approximately 700 bpd, generating gross annual revenues of approximately US$15 million.

The acquisition includes a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt.

Ecopetrol drilled 20 wells in 2019, with a 40% success rate.

The additional oil production was delivered through infill drilling projects carried out as part of an aggressive production enhancement programme.

Shell launched a process at the end of November 2019 to sell its onshore upstream assets in the Western Desert to focus on expanding its Egyptian offshore gas exploration.

The company is seeking to commence drilling operations in the Tilapia oilfield during April 2020.

The company generated a net loss of US$36 million in 4Q19.

Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies.

The centre will train drilling and well control personnel in the onshore and offshore oil and gas industry, with the aim of boosting competence and safety.

Equinor has concluded that the project’s potential is not commercially competitive.

The centre in King Salman Energy Park will manufacture well completions technologies.

The ratification paves the way for the conclusion of Somalia’s first Offshore Somalia License Round, with an expected closing date for submissions of bids at the end of 3Q20.

Operator Aker BP plans start-up of the Skogul oilfield in the North Sea in March 2020.

The volume of gas resources in the field is estimated at 200 trillion ft3 of rich raw gas.