Author: intent

ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

“Prospect I is one of the largest mapped structures in the Damara Fold Belt, is well imaged from 2D seismic, and demonstrates a four-way dip closure in which we expect to penetrate over 1,500 meters of Otavi reservoir. Drilling at the Prospect I location has been significantly derisked by the results of our first Damara Fold Belt well, Naingopo, which encountered reservoir in the Otavi carbonates, hydrocarbon shows and oil to surface. We are excited to drill this follow-on exploration well as we continue to look to unlock the significant hydrocarbon potential of the Damara Fold Belt.”

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Africa’s Oil and Gas Investment to Hit $43 Billion in 2025

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

Despite the growing emphasis on natural gas with international majors exploring and putting online gas projects and LNG export facilities around Africa, projections indicate that liquid hydrocarbons will still hold the lion’s share of capex, attracting 60% of the total investment through 2030. But natural gas is gradually gaining ground and its share of annual expenditure is set to increase from around 30% in 2023 to more than 40% by the end of the decade, the African Energy Chamber’s report says.

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Tullow’s Ghana drilling programme to commence in May 2025 with 2 Jubilee wells

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

“Ghana continues to be the cornerstone of our operations. During the year, operational efficiency remained high with average facility uptime across the FPSOs averaging 97% and a combined average production rate of c.44.1 kbopd net. Five new Jubilee wells (three producers and two water injectors) were brought onstream during the first half of 2024, completing the Ghana drilling programme safely, and approximately six months ahead of schedule”, it said.

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Kosmos Energy hands over school clinic to Senya SHS

Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2025 | Comment off

At the handing over ceremony, the Senior Vice-President and Head of Ghana Business Unit of Kosmos Energy Ghana, Mr. Joe Mensah recalled that prior to the current project, there was a donation of 3200 student mono-desks to four Senior High Schools – Savelugu SHS, Ningo SHS, Prampram SHS, and Tsiame SHS in the Northern, Greater Accra and Volta regions respectively.

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