African Energy Council’s Post

Apache Corporation to focus on Baja-1 discovery area; relinquishes remainder of block 53 APA Suriname Corporation LDC and its collaborators the Spanish #CEPSA and PETRONAS have opted to return a portion of block 53 in the Surinamese offshore region to Staatsolie Maatschappij Suriname N.V., as detailed in a recent announcement by Staatsolie. Meet all the IOC's, NOC's, operators and players in the region at this year's 4th Suriname Energy, Oil & Gas Summit & Exhibition, 4-7 June 2024, Paramaribo, Suriname will be hosted by Staatsolie under the theme, ‘The Next Stage of Success’ - https://lnkd.in/eW7yswh #SEOGS2024 #oilandgasexploration #oil #gas #energy #offshore #development #deepwater #exploration #investment #drilling https://lnkd.in/eqcA_dWb

Namcor is set to drill three oil and gas wells by early 2025 in collaboration with Galp (PEL 83), Chevron (PEL 90), and Rhino Resources. The goal is to enhance understanding of hydrocarbon flow continuity from recent finds and to uncover new reserves. Namcor is also deepening its investment in seismic data and appraisals across key basins—Orange, Walvis, Namibe, and Luderitz—to drive Namibia's oil and gas sector forward.   Danny Callow (ACSM, FIMMM) Olabode Samuel Aturu Karmesh Abhishek Jha (CPG , MSc, MBA) James Mackay Reuben Nyam Ikechukwu Promise Obialor Oveh Kpason Dakim Dung Follow The African Energy Council for more energy news #OilAndGas #aecouncil #Namcor #NamibiaEnergy #AfricanEnergy #ExplorationUpstream #Hydrocarbons #EnergyDevelopment #EnergyExploration #SeismicData #OilExploration #GasExploration

🇳🇦 #Namibia is experiencing an oil and gas exploration boom, with significant discoveries in the offshore #OrangeBasin in recent years. However, efforts to develop the country's resources come as momentum for the #energytransition is picking up. Read the full article ⬇️ https://lnkd.in/eb4hi3MA

Custos Energy (Pty) Ltd., a Namibian independent oil and gas exploration company, has announced successful results from its second exploration and appraisal campaign on blocks 2813A and 2814B in Namibia's Orange Basin. The Mopane-1A appraisal well encountered light oil and gas-condensate in high-quality reservoir-bearing sands, confirming the extension and quality of the AVO-1 discovery. 'The continuing progress on PEL 83, including the results from the Mopane-1A appraisal well, further unveil the potential and quality of the Mopane complex,' said Knowledge Katti, Chairman and CEO of Custos. The initial two-well exploration campaign in Q1 and Q2 2024 resulted in multiple discoveries of significant columns of light oil, with an estimated original oil in place of 10 billion barrels of oil equivalent. A drill stem test yielded an infrastructure-constrained flow of 14,000 boe/d, positioning Mopane as a potentially important commercial discovery. 'The results from the Mopane-1A appraisal well mark another significant milestone for Namibia's energy sector,' said Maggy Shino, Petroleum Commissioner, Ministry of Mines and Energy for Namibia. The joint venture partners, including Galp Energia, NAMCOR, and Custos, will continue analyzing the data and progress with additional exploration and appraisal wells, and a high-resolution 3D seismic campaign set for December 2024. #oilandgas #namibia #exploration #appraisal #discovery @custosenergynamibia @galpenergia @namcor_namibia

ReconAfrica announces increase in prospective oil resources in Namibia Reconnaissance Energy Africa Ltd. (ReconAfrica), an oil and gas exploration company, has released an updated prospective resource estimate for the Damara Fold and Thrust Belt Area in Namibia. The estimate, supported by a Prospective Resource Report prepared by independent evaluator Netherland, Sewell & Associates, Inc. (NSAI), reveals an increase in oil potential in the area. According to the report, the identified prospects in the Damara Fold and Thrust Belt Area hold gross, unrisked prospective oil in place of 15.4 billion barrels, with gross, unrisked prospective oil resources totaling 3.1 billion barrels. These estimates are higher than the previous report, which only focused on prospective natural gas resources. ReconAfrica’s President and CEO, Brian Reinsborough, emphasized the significance of the findings, noting that the presence of liquid hydrocarbons has been confirmed through analysis of core samples from previously drilled wells. The company’s Senior Vice President of Exploration, Chris Sembritzky, expressed excitement for the upcoming drilling campaign in both the Damara Fold and Thrust Belt Area and the Rift plays. #oil #namibia #discoveries #onshore Ndapewoshali Shapwanale Namibia Petroleum Operators Association (NAMPOA) WOGEN Namibia Namibia Investment Promotion and Development Board (NIPDB) https://lnkd.in/dNKUnff2

The Critical Role of Seismic Exploration in Successful Drilling Operations The recent news from the Kazakh sector of the Caspian Sea serves as a poignant reminder of why seismic exploration and its quality are vital in the energy industry. A joint venture between Italy's Eni and Kazakhstan's state-owned oil and gas company, KazMunayGaz, faced an unfortunate outcome when their exploratory drilling at the Abay-1 wildcat reached a depth of 2,500 meters, only to yield a dry well. Despite significant investments, no commercial hydrocarbons were discovered. This result underscores the immense challenges and high stakes involved in offshore oil and gas exploration, especially in complex regions like Caspian Sea. With rising development costs, as seen in major projects like Kashagan, efficient exploration strategies are more crucial than ever. Seismic exploration techniques play an essential role in mapping subsurface structures, reducing risks, and guiding drilling efforts toward more promising prospects. Without comprehensive data, the likelihood of encountering dry wells, such as in the case of Abay-1, increases, impacting both financial and strategic interests. For countries and companies striving to attract investment and maximize resource potential, investing in advanced seismic technology is not just an option; it's a necessity for sustainable growth and reduced exploration risk. #OilAndGas #SeismicData #ExplorationEfficiency #DataReprocessing #EnergyInnovation #CostEffectiveSolutions #SubsurfaceImaging #InvestingInEnergy

📢Upstream National News 🗺 Eni Makes Significant Discovery Offshore Mexico 🌊 A major discovery at the Yopaat-1 EXP exploration well in Block 9, located 63 kilometers off the coast in the mid-deep waters of the Cuenca Salina in the Sureste Basin, Mexico. Preliminary estimates suggest the well holds around 300-400 million barrels of oil equivalent (Mboe) of oil and associated gas. Drilled in a water depth of 525 meters, the well reached a total depth of 2,931 meters and encountered about 200 meters of hydrocarbon-bearing sands in the Pliocene and Miocene sequences. The Block 9 joint venture includes Eni (50%, operator) and Repsol (50%). This discovery, alongside others in Eni-operated Blocks 7 and 10, enhances the value of Eni’s asset portfolio in the Sureste Basin. Eni’s resources in the area now exceed 1.3 billion barrels of oil equivalent (Bboe), paving the way for potential future developments. Eni has been active in Mexico since 2006, establishing Eni Mexico S. de R. L. de C.V. in 2015. It is the main foreign operator in the country with rights in eight exploration and production blocks in the Gulf of Mexico. Read the full article here: https://lnkd.in/eJSSmZsn Don't miss our next 5th Edition of Shallow and Deepwater Mexico from March 26 to 27, 2025 in Citibanamex Center, Mexico City. 🌐 www.offshoremx.com Source: Giorgio Guidi #energy #upstream #oilandgas #oilandgasindustry #deepwater #onshore #offshoremxnews #shallowanddeepwatermexico #sdmxexpo #CDMX #mexicocity

Egypt Unlocks $200 M in Oil and Gas Exploration Deals

Pancontinental Energy NL says the interpretation and analysis of the pre-stack depth migration seismic dataset on PEL 87 in the Walvis Basin is nearing completion. The interpretation and analysis will quantify potential reservoir characteristics and fine-tune the geophysical/geological interpretation of the identified exploration leads. The Australian company operates PEL 87 with a 75% interest, while Custos Investments (Pty) Ltd has 15% and NAMCOR NAMIBIA the other 10%. The Walvis Basin is becoming an attraction. Chevron preparing to start drilling its first exploration well in PEL 90, immediately south of PEL 87. Azule Energy (a bp-Eni joint venture) will also drill two exploration wells within PEL 85 before the end of the year.  #oil #gas #Namibia #WalvisBasin #ErnestAnthonyMyers Iain Smith #MegONeill Knowledge Katti #CustosEnergy https://lnkd.in/de2va2NA Read about how oil majors are moving into Walvis Basin in this week's magazine here: https://lnkd.in/dX83j-v2. You can also read back issues there as well.

"#VaarEnergi sets up project to dispense of produced gas from the #Goliat field as exploration drilling set to start." "An offshore gas project is under way in Norway's #BarentsSea that will enable operator #VaarEnergi to evacuate gas from the #Goliat field as the company accelerates its activity levels in the area." "The #Goliat Gas Export project, targeted for start-up in 2026, is an interesting scheme in that it does not have a typical commercial foundation." #NorwegianArcticGas Vår Energi https://lnkd.in/gsuwpPPT