Weekly News Round-Up

The last weekly positive news round-up of 2020 is here. Goodbye to this tough year, we will start afresh in 2021!

This week, the Ghana Petroleum Commission gave TG-Geoparters the go-ahead to begin a major multi-client 3D geophysical survey in the relatively underexplored Keta basin. The survey is scheduled to begin in early 2021, with final results available by Q2 2022. Read more from Upstream.

Australia’s FAR Petroleum received a non-binding proposal for its potential acquisition by Remus Horizons, the petroleum fund of Remus Corporation. The takeover will provide the company with a financial lifeline but may derail the sale of its Sangomar stake to Woodside Energy. Read more from Energy Voice.

Woodside Energy has awarded a key contract for the operations and maintenance of the Sangomar FPSO in Senegal to the Japanese FPSO contractor Modec. Read more from OE Digital.

In Morocco, Africa-focused explorer Chariot Oil & Gas successfully negotiated terms for a new Moroccan license referred to as referred to as Rissana Offshore, in the vicinity of its Anchois gas project. Read more from Proactive Investors.

Also in North Africa, TransGlobe Energy has reached an agreement with the Egyptian General Petroleum Corporation to merge the three existing Eastern Desert concessions – West Gharib, West Bakr and North West Gharib – into a new modernised, more efficient, concession agreement. Read more from Oil Review Africa.  

Lastly, not breaking news, but this piece from Petroleum Economist examines data as the great untapped resource for Operators hoping to survive in today’s unpredictable environment. Read it here.

It's been a tough year. Will you be joining us as we map the industry's future at Africa Oil Week 2021? Purchase your delegate pass before prices rise at the end of January!