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AFRICA
Schlumberger to Supply Riser Monitoring System for Development Offshore Angola
Paris. Schlumberger today announced it has been awarded a contract by Heerema Marine Contractors to supply a real-time riser tension monitoring system for nine single leg hybrid risers (SLHR) for a major project offshore Angola.
Heritage Oil to Sell Its Ugandan Interests for Up to USD 1.5 Billion
Calgary. Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces that a wholly owned subsidiary has entered into a binding letter of intent ("LOI"), with Eni S.p.A ("Eni") for the sale of its entire interests in Blocks 1 and 3A in Uganda. Completion is subject to the receipt and satisfaction of certain approvals and conditions and to negotiating the terms and conditions of a sale and purchase agreement.
European Union gives Nigeria USD 1bn ‘for peace’
Nigeria. Miliitants have been demanding a greater share of the oil wealth-The European Commission has signed a $1bn (£602m) development pact with Nigeria, aimed at tackling corruption and promoting peace.
Maurel & Prom : Discovery of a New Reservoir at Kissenda in the South-East of Onal
Paris. Cumulative Flow Rate for Well 1002 of 1,300 bpd. The Onal 1002 well has reached a vertical depth of 1,195 metres. The well has encountered 82 metres of hydrocarbon-impregnated reservoirs in the Kissenda Sandstone.
Zambia to Award Oil Exploration Licenses for 11 Blocks
Zambia. Zambia's government is set to award exploration licenses for 11 oil and gas blocks in the northwest, west and east of the country, the minister of mines and minerals development said Thursday.
Libya: Oil Search group abandons offshore Caliph well
Libya - Oil Search Ltd has reported that the A1-18/01 (Caliph) well in Area 18, offshore Libya has been plugged and abandoned after further fishing attempts were unsuccessful. The total depth for the well is 4,663 metres.
Hyperdynamics Reports Encouraging Initial Results From Oil Seeps Study of Offshore Guinea Concession
Texas. Hyperdynamics Corporation (NYSE Amex: HDY) today announced that it has received encouraging preliminary results from an oil seeps study of the company's 31,000-square-mile oil and gas concession offshore Guinea.
Nigeria: Gas Flaring – Shell Expends USD 1 Billion On Iog Project
Port Harcourt. Following the Federal Government’s decision to end gas flaring, Shell Petroleum Development Company (SPDC) says over $1 billion have so far been spent on the Gbaran-Ubie Integrated Oil and Gas project within the last 18 months.
Petroceltic, Sonatrach Test Positive at Algeria's Isarene Block
Algeria. Petroceltic, in association with its partner Sonatrach, the Algerian National Oil & Gas Company, announced that well testing of the Objective Devonian F2 formation at well INE-2 has been successful, with a gas well test rate of 4 million standard cubic feet per day ("MMscf/d") (4,720 cubic metres/hour) with a flowing wellhead pressure of 180 PSI on a 1' choke setting. This flow rate was achieved without the benefit of fracture stimulation which proved successful in testing on the AT-1 well.
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