June 2021 Africa Activity Update


The latest news about the recent African Activity from June 2021

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June Monthly Highlights

 
Exploration Drilling
  • Cameroon: Victoria Oil & Gas is planning an exploration well on the Matanda license.
  • Egypt: Offshore BP is still drilling the Tiye-1 exploration well on North Ras El Esh (current depth 3300m).
  • Ghana: ENI is drilling ahead the Eban-1X exploration well on CTP 4 with the Saipem 10000 drillship.  
Appraisal / Development
  • Equatorial Guinea: Trident has begun work on a three well development campaign on the Elon field in Block G.
  • Gabon: Vaalco has signed a rig for a 2021/2022 campaign on the Etame block with two development wells and two appraisals, including the Tortue and Hibiscus North targets.
  • Nigeria: Decklar Resources is preparing to commence operations on the Oza-1 re-entry well.

Deals
  • Chad: Savannah is planning to take ExxonMobil’s 40% operated interest in their licenses (approx. net 34 mbopd) and 40% effective interest in the Chad-Cameroon oil transportation pipeline.
  • Libya: Total is reportedly in negotiations with Hess to buy its 8% interest in Waha's operated concessions comprising 25 blocks and ca. 30 producing fields onshore in the Sirte Basin.
  • Nigeria: The DPR has revealed the winners of acreage in the recent marginal fields bid round, which include multiple local and international companies.
Licencing Rounds
  • Angola: The ANPG in Angola has extended the deadline for the 2020 onshore round by a month, until 9th July 2021. 
New Ventures
  • Various: CNOOC are seeking partners for deepwater wildcat drilling in Gabon and AGC.
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