Vale Media Group

Vale Media Group

The African focused Oil & Energy B2B Events Company. At Vale Media Group we focus on results. We are flipping the script on the B2B Oil & Energy event industry in Africa. We have over thirty years’ experience of delivering high end B2B events with a focus directly on the Oil & Energy sectors in Africa. We work directly with the leading Ministries, IOC’s, NOC’s, National Power Companies & IPP’s.

Liberia lines up 2020 licence round, confirms attendance at USWA20

The Government of Liberia through the Liberia Petroleum Regulatory Authority (LPRA) announces sale of several blocks here, beginning next licensing round.A statement from the Liberia Petroleum Regulatory Authority says the decision followed an unsuccessful ratification of negotiated petroleum sharing contracts in 2014, which climaxed the last round of bidding process. The statement issued over the weekend notes the Government of Liberia made a shrewd and progressive decision, through a robust reform process to provide efficient institutional governance system, maximize revenue…

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Woodside presses on with plans for $6b Senegal oil project

Australia’s largest oil and gas producer Woodside is pressing ahead with its plans to develop Senegal’s first oil project, announcing the final field plan has now been submitted to the West African nation’s government for approval. Describing the move as a “major milestone”, Woodside chief executive Peter Coleman said the project’s development plan was the last outstanding regulatory submission required before Woodside and its joint-venture partners could make a final investment decision later this month. Mr Coleman said it demonstrated…

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Sangomar Field Development Submits Development and Exploitation Plan

Woodside, as operator of the Sangomar (formerly named SNE) Field Development, is pleased to advise the Sangomar Development and Exploitation Plan and exploitation authorisation request were submitted to the Government of Senegal on 2 December 2019. The Development and Exploitation Plan and exploitation authorisation request are the last major regulatory submissions required before final investment decisions can be made by each joint venture participant, which is targeted to occur later this month subject to the grant of an exploitation authorisation…

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Petrosen confirms delegation for the 6th Annual Upstream West Africa Summit 2020

Following on from last month’s official invitations that were sent by Mr Yaya Barrow, Managing Diretor, GNPC The Gambia, to all of the National Oil Companies from across West Africa, inviting their respective CEOs, Directeur Generals & Managing Directors to attend the first ever International Upstream Oil & Gas event in The Gambia which is taking place next June 17th – 18th 2020 in Banjul, The Gambia. News was received this morning from La Société des Pétroles du Sénégal (PETROSEN),…

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Senegal to offer 10 offshore blocks in 2020 license round

ASKER, NORWAY – The National Oil Company of Senegal, PETROSEN, has announced the launch of the country’s first offshore licensing round. The round will be open for six months – until the end of July 2020 – and will comprise 10 offshore exploration blocks. Senegal’s MSGBC basin is home to several recent high-profile oil and gas discoveries, set in a variety of play types, both on and off the carbonate shelf. These include the Albian sandstone shelf edge SNE oil…

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TGS has launched a new 3D seismic survey in the MSGBC Basin, covering 5,100 square km, in partnership with GeoPartners.

The Senegal North Ultra-Deep Offshore (SN-UDO-19) seismic will be carried out using the BGP Prospector vessel, with TGS saying the plan had the full support of Senegal’s state-owned oil company Petrosen. The work continues the SS-UDO-19 survey, which was recently concluded in southern Senegal. The seismic company said the shoot was intended to provide greater insight into the ultra-deep areas, building on the success of the Sangomar field, the Tortue-Ahmeyim fields and the Yakaar. Sangomar was previously known as SNE,…

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FAR Limited acquires additional 10% stake in Gambian Oil blocks

FAR Limited, an independent Africa focused Australian oil and gas exploration and development company has obtained an additional ten percent equity in the highly prospective multi-billion barrel potential oil blocks A2 and A5 offshore The Gambia. The additional 10 percent gives FAR Ltd a 50% stage in the oil blocks effective 1st October 2019. The announcement was made in a Media Release on Tuesday, 1st October 2019. FAR Limited said in the release: “ FAR Limited (ASX: FAR) has acquired…

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Woodside’s SNE field renamed off Senegal

Senegal President Macky Sall has chosen to rename the Woodside Petroleum-operated SNE development, located 100 kilometres offshore to the south of the capital Dakar, as the Sangomar field “to better reflect its association with the people of the Senegal”, Australian independent Woodside operates Sangomar with a 35% stake alongside UK explorer Cairn Energy 40%, Australian junior FAR Ltd 15% and state-owned Petrosen 10%. The surrounding acreage, combining parts of several former blocks, is known as the Rufisque-Sangomar-Sangomar Deep (RSSD) licence…

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Springfield E&P Makes Significant Oil Discovery Offshore Ghana.

Springfield Exploration and Production (SEP) Limited, Ghana National Petroleum Corporation (GNPC) and the Government of Ghana will very soon, officially announce details of its maiden Afina-1 well discovery in the West Cape Three Points Block2, offshore Ghana. Afina-1 which is located at a water depth of 1030 metres was drilled to a total depth of 4082 metres and encountered light oil with a gross thickness of 65 metres, with 50 metres light net oil pay in good quality Cenomanian sandstones.…

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Sierra Leone eyes offshore acreage awards date.

Country gives February closing date for submission of interest in blocks The government of Sierra Leone has set February 28 as the closing date for submissions of interest from suitors keen to acquire an upstream position in the current 4th Licensing Round. “There will be a brief three-month period of evaluation and it is hoped awards may emerge from mid-year, according to Petroleum Directorate Director General Timothy Kabba. Sierra Leone enjoys a 402 kilometre long coastline and all offshore acreage…

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