News

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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Senegal launches Oil & Gas licence round.

Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block. Senegalese Minister of Petroleum and Energy Mouhamadou Makhtar Cisse officially opened the bidding process on 12 blocks in Senegal. There will be follow up roadshows in Houston and London. At this point, companies will be able to submit bids over the following six months, closing at the end of July. There are two objectives…

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Petroleum Geo Services: PGS Côte d’Ivoire MegaSurvey Extends Exploration Potential to Open Acreage in the West.

Horizon interpretation has been completed on the CDI MegaSurvey providing an unprecedented opportunity to understand the regional distribution and extensive potential of the turbiditic sandstones offshore Côte d’Ivoire.  Côte d’Ivoire is a well-established petroleum province, particularly in the eastern areas. Exploration is now moving into the more frontier region of the western Côte d’Ivoire Basin. To support these efforts, PGS in partnership with Petroci and Direction Générale des Hydrocarbures, has created a fully matched and merged contiguous dataset comprising full…

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Potential for 1.2 billion barrels of oil offshore The Gambia

FAR Gambia Ltd, a wholly owned subsidiary of FAR Ltd (ASX: FAR) has completed detailed geotechnical studies incorporating the Samo-1 well results and data, and have assessed significant hydrocarbon resource potential in its two blocks offshore The Gambia. The Blocks A2 and A5, covering 2,682km2, are adjacent to and on trend with FAR’s world class SNE oil field. A2 and A5 are located within the rapidly emerging and prolific Mauritania-Senegal-Gambia-Bissau-Conakry (“MSGBC”) Basin in water depths ranging from 50 to 1,500…

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VMG is attending ADIPEC 2019 #VMG #ADIPEC2019

Vale Media Group (VMG), the African Oil & Energy B2B event company, is attending ADIPEC 2019 and will be represented by our Co-Founder & CEO, Daniel Maggs. Daniel will be onsite in Abu Dhabi catching up with our Middle East & Africa clients, new and old, discussing plans for the 6th Annual Upstream West Africa Summit 2020. www.upstreamwestafrica.com/register

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#USWA20 VMG meets with GNPC Managing Director

Following on from news last week that the official invitations had been sent to the National Oil Company community across West Africa ahead of the 6th Annual Upstream West Africa Summit 2020, VMG Co-Founders had the opportunity to catch up with Yaya Barrow, Managing Director, GNPC The Gambia, to map out the next steps in the pre-event marketing & collaboration for the hotly anticipated #USWA20 summit which is taking place next June 17th – 18th 2020 in Banjul, The Gambia,…

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