Tags

Namibia’s Offshore Oil Dreams Are Taking Shape

Portugal’s Galp Energia has begun receiving offers for its massive Mopane oil discovery off Namibia’s coast, signaling that one of Africa’s most promising new hydrocarbon frontiers could be edging closer to commercial production. The company told investors earlier this month it’s in advanced talks with potential buyers and expects to announce a sale later this year. Galp controls an 80% stake in Mopane and, according to Bloomberg, is preparing for a development that could involve two floating production storage and offloading (FPSO) units, each pumping around 120,000 barrels a day.

TotalEnergies Starts Production at Begonia, CLOV Phase III offshore Angola

In Block 32, TotalEnergies, with a 30 percent operating ownership, said 2024 it would continue drilling development wells through the third quarter of 2025 including three infill wells of Kari Phase 1. It said it was assessing potential additional developments in discoveries in the central and northern areas of the block. Block 32 is already in production through FPSOs Kaombo Norte and Kaombo Sul.

Exxon Considers Exploration Offshore Trinidad

Earlier this year, the Trinidad and Tobago government announced plans to tender 26 offshore blocks along its eastern and northern coast. The deadline for submissions was July 2, and the winning bids will be announced in three months. The blocks subject to that tender, however, do not include the seven blocks that Exxon is in talks about, Reuters noted in its report.

CEP Makes ‘Major’ Oil Discovery offshore Poland

Krzysztof Galos, undersecretary of state and chief national geologist, said, “The discovery of the Wolin East hydrocarbon deposit – although it still requires the preparation, submission, and approval of the deposit’s geological documentation – may prove to be one of the breakthrough moments in the history of hydrocarbon exploration in Poland, especially with regard to areas that have so far remained insufficiently explored, such as Poland’s Exclusive Economic Zone in the Baltic Sea”.

Petralon to boost Nigerian offshore production by 2,500 bpd

African exploration and production company Petralon Energy is on track to boost Nigerian crude production by a further 2,500 barrels per day (bpd), following drilling activities at the Dawes Island field, according to a news release from the African Energy Chamber. The company has recently completed a new well at the field, aligning with plans to maximize output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.