The agreement extends the licence to 2037, supports the further development of the block’s remaining resources and prolongs the production and design life of the Kizomba A, Kizomba B, Mondo and Saxi-Batuque FPSOs.
In contrast to Vitol, which trades with Venezuela and doesn’t operate any assets there, those other companies produce oil and gas in the country and are winding down operations ahead of the expiry of licenses issued by the US Treasury. The deadline for all the companies, including Vitol, to cease operating is May 27.
Ghana has issued four exploratory licences to three indigenous oil and gas firms to undertake exploration activities in the onshore Tano and Voltaian basins.
Orsted, RWE, BlueFloat Energy and Corio Generation and an RES JV have been granted feasibility licences from the Australian government for the development of offshore wind farms.
The Revolutionary Government of Zanzibar and Ministry of Blue Economy and Fisheries has successfully launched Zanzibar’s 1st Licensing Round, which invites bids for 8 blocks totalling 31,883 km².