Eni awarded two exploration blocks onshore Egypt
Friday, 15 February 2019 11:17
Friday, 15 February 2019 06:01
Total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025
Thursday, 14 February 2019 12:03
Cao Chai, an upstream oil and gas analyst at GlobalData, a data and analytics company, said that Shell’s move on Bonga South West-Aparo (BSWA) is a major boost for Nigeria’s...
Thursday, 14 February 2019 11:11
Oman Oil Marketing Company (OOMCO) has announced a plan to expand its operations in Saudi Arabia and Tanzania
Thursday, 14 February 2019 09:50
Indian multi-national Larsen & Toubro (L&T), through its subsidiary Larsen & Toubro Hydrocarbon Engineering Limited (LTHE), said it has won a mega order from Sonatrach-Algeria
Wednesday, 13 February 2019 11:03
Somalia’s first offshore hydrocarbon licensing round was officially launched, on 7 February 2019, at a conference held at the Claridge Hotel in London, UK
Tuesday, 12 February 2019 12:00
French major Total has launched a lubricant blending plant worth US$20mn in Tanzania
Tuesday, 12 February 2019 09:00
The Oil and Gas Institute at RGU is working with simulator developer Drilling Systems and its innovative drilling, well control and lifting simulator technology to help oil and gas companies...
Tuesday, 12 February 2019 07:00
Oil and gas firm BP has announced the first gas production from the second stage of its West Nile Delta development offshore Egypt
Monday, 11 February 2019 06:24
Eni and SABIC have signed a joint development agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high-value fuels...
Friday, 08 February 2019 07:00
UK based consultancy company GeoPartners has announced a new 2D seismic survey offshore Sierra Leone
Friday, 08 February 2019 06:00
French oil major Total has announced that it has made a ‘significant’ gas-condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin offshore South Africa
Thursday, 07 February 2019 11:40
SDX Energy Inc, the North Africa focused oil and gas company, has announced that it has won additional licenses in Morocco, Moulay Bouchta Ouest and Lalla Mimouna Sud, to increase...
Thursday, 07 February 2019 10:06
Africa Oil Corporation (a Canadian oil and gas company) said it has made a major discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa
Thursday, 07 February 2019 06:22
Mitsubishi Electric has supplied a major video wall installation in South Africa for Transnet Pipeline (TPL), the division of state-owned Transnet that oversees all of South Africa’s strategic fuel pipeline...
Wednesday, 06 February 2019 07:43
The African Energy Chamber (AEC) has entered into a technical assistance cooperation agreement with the Ministry of Petroleum of the Republic of South Sudan to strengthen the country’s capacity to...
Speaking to Oil Review Africa at the Africa Power & Oil Investment Forum, held in London this week, George Okley, director, upstream petroleum, for the ministry said a schedule is in place with licenses expected to be negotiated and awarded by March or April 2019. The ministry is currently in the preparation stage for the licensing round with promotional activities scheduled for September and October 2018. Mr Okley said a roadshow, including London and Houston, would be part of the promotional stage, with invitations to bid to be sent in November for a December pre-qualification deadline. Pre-qualified bidders will have to then submit applications in January 2019 for evaluation in February. A commitment to meeting Ghana's local content laws will be looked upon favourably during the process, Mr Okley said.
"We are trying to do online as much as possible," said Mr Okley of the bidding process.
The six blocks range in size from 1,000 to 1,500 square kilometres in the Western Basin. Two of the blocks are ultra-deepwater, at 3,000-4,500m. Mr Okley said that 2D and 3D seismic data was taken in the blocks between 2000 and 2013 with very promising interpretations indicating "mostly oil". Additionally, he said that existing pipeline infrastructure will make the blocks "attractive" to bidders. He is expecting bids from companies such as Tullow, Shell, Chevron, as well as major Chinese and Indian players and "a mix of joint ventures" could dominate the successful bids.
Several factors were cited by Mr Okley as good reasons for the timing of this licensing round. These factors included the Jubilee field passing its peak production levels, hence the ministry seeking out new hydrocarbons opportunities and new partners; the improved oil price; and the successful resolution of the maritime border dispute with Cote d'Ivoire.
Last Updated: Monday, 14 May 2018 14:01
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