Omara Sarif’s Post

Namibia witnessing increased oil rig interest Norwegian deepwater driller, Odfjell Drilling, says Namibia's oil and gas sector is witnessing a significant uptick in demand driven by recent exploration successes and heightened interest from industry players. Odfjell Chief Executive Officer Kjetil Gjersdal said with an expanding roster of operators and growing inquiries for rigs, the region is poised for substantial growth. Thus, Namibian future demand is encouraged by recent exploration success and the number of operators in the area continues to increase.  https://lnkd.in/d4bd-eMH #namibia #oilangas #oilrig #oilexploration Namibia Petroleum Operators Association (NAMPOA) NAMCOR NAMIBIA TotalEnergies Shell Tom Alweendo Namibia Investment Promotion and Development Board (NIPDB)

🛢️💼 Equinor's Bay du Nord project offshore eastern Canada is set to tap into over 1.3 billion barrels of recoverable oil, as per the latest estimates by the Canada Newfoundland & Labrador Offshore Petroleum Board. This near two fold increase from previous estimates is attributed to Equinor's recent success in exploration efforts, all of which aim to leverage subsea tie-backs to a FPSO. Despite a temporary delay due to cost concerns, Equinor is reviving the project under the Bay Du Nord Reshape agenda, aiming for a cost-effective development FPSO solution. Equinor holds a majority stake in most of these discoveries, with BP as a partner. 🌊🔍

Shell is making waves with a bold exploration move off South Africa’s coast, near Namibia’s hottest new oil finds. Here’s the scoop on what’s happening and why everyone’s talking about it. 1.The Big Move: Drilling in the Northern Cape Ultra Deep Block Shell is gearing up to drill up to FIVE new wells in the Northern Cape Ultra Deep block, 300 kilometers off South Africa’s west coast at a mind-blowing depth of 3,200 meters! 2.Who’s Involved? Shell’s not going solo. They hold a 40.5% operating stake, partnering with Qatar Energy (40.5%), Umbono (10%), and OK Energy (9%). 3. Why Here? Namibian waters have been striking oil gold since 2022, thanks to Shell and TotalEnergies SE. This new block is just south of those hot spots – a prime location for potential new discoveries. 4.The Stakes Are High. This is more than just oil. It’s about boosting South Africa’s energy sector and tapping into massive hydrocarbon potential. Shell’s drilling could unlock new resources and economic benefits for the region.

Libya's oil and gas industry is witnessing noteworthy developments, showcasing the potential for collaborative ventures. In its recent Q4 results, leading oilfield services firm SLB (formerly Schlumberger) announced key agreements in partnership with the National Oil Wells Drilling & Workover Company. Together, they secured a contract to drill two initial wells for Spain's Repsol. Repsol, alongside partners TotalEnergies, Equinor, and OMV, is set to embark on a nine-well exploration drilling campaign in the NC-115 and NC-186 Sharara blocks in the far southwest of Libya, starting in April. The strategic collaboration aims to tap into the vast potential of these blocks. In a recent update, Repsol anticipates a surge in Al-Sharara's production to 260,000 barrels per day and emphasizes its commitment to exploration and production activities in Libya, with plans to drill up to six exploration wells in blocks NC-115 and NC-186 in 2024. Looking beyond exploration, the National Oil Corporation has reportedly awarded a significant project to Oilinvest Group, a subsidiary of the Libyan investment authority. This project involves linking the Sirte Basin oilfields to Ras Lanuf and Al-Sidr ports through a colossal pipeline, signifying a substantial investment in the Sirte desert region. Notably, Oil Invest's bid outperformed those from Egyptian and Emirati competitors, showcasing the potential of Libyan owned entities in driving crucial infrastructure projects. These developments underscore the importance of local-global partnerships in navigating challenges and harnessing Libya's immense oil and gas potential. As international firms collaborate with local entities, there is a tangible opportunity to boost exploration, production, and infrastructural projects, contributing to the sustainable growth of Libya's oil and gas sector. #oilandgas #Libya #energypartnerships

Unveiling the Kita Eden Drilling Project in Cameroon's Rio del Rey Basin! 🛢️ Perenco, the leading independent hydrocarbon producer, has embarked on a groundbreaking endeavor with the initiation of a five-well drilling project in the Kita Eden field, situated in the northern region of the Rio del Rey Basin offshore Cameroon. This significant exploration is being spearheaded by Perenco Rio del Rey, a dedicated subsidiary for operations in Cameroon. 🚢 Leveraging Innovative Solutions: To overcome the unique challenges posed by shallow waters in the Kita Eden field, Perenco has deployed cutting-edge technology. The company is utilizing its recently developed water barge specially designed for shallow waters. Additionally, the LUG drilling rig platform, provided by marine services firm Dixstone, is playing a pivotal role in the exploration process. 💼 A Testament to Collaboration and Long-Term Vision: This ambitious drilling project aligns with a 20-year license agreement signed in 2023 by Perenco, the Cameroonian government, and Addax Petroleum. The agreement signifies a collective commitment to boost investments and production in the Rio del Rey Basin, underscoring Perenco's dedication to sustainable energy practices and long-term partnerships. Perenco continues to be at the forefront of innovative exploration, solidifying its position as a key player in the global energy landscape. Stay tuned for more updates as we witness the unfolding of a new chapter in hydrocarbon exploration and production in the heart of Cameroon's Rio del Rey Basin! 🌐🛠️ #Perenco #EnergyExploration #RioDelRey #Cameroon #HydrocarbonProduction #InnovationInEnergy

Galp, the Portuguese oil and gas company, is actively drilling in licence PEL 83 offshore Namibia, strategically positioned near significant discoveries by Shell and TotalEnergies. Operating as the licensee with an 80% stake, Galp, along with partners Namcor and Custos Investments, is utilising the Hercules rig for exploration. The ongoing drilling at the Mopane prospect in the Orange Basin has shown preliminary signs of hydrocarbons.  Fausto Mendes Pr. Eng. Shiwana Ndeunyema JOHANNES MBUNDU Dakim Dung Ikechukwu Promise Obialor Petlong Dakhling Follow The African Energy Council for more energy news #oilandgas #energyindustry #aecouncil #namibia  #OilDiscovery #explorationdrilling #galp #offshoredrilling #HydrocarbonExploration #energypoverty #oilandgasnews #NamibianBasin #energysector

The recent agreement between QatarEnergy and Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname is a significant development in the international energy sector. Here are some key insights and implications of this deal: Strategic Importance 1. Diversification and Expansion: • QatarEnergy: This acquisition underscores QatarEnergy’s strategy to diversify its portfolio and expand its footprint in international upstream activities. By entering the Suriname offshore exploration, QatarEnergy is tapping into a promising and underexplored region, which could yield substantial hydrocarbon resources. • Chevron: For Chevron, partnering with QatarEnergy can provide additional financial and technical resources, enhancing the overall capacity to explore and develop block 5 efficiently. 2. Regional Significance: • Suriname has been gaining attention as a potential hotspot for oil and gas exploration. Successful discoveries in neighboring Guyana have spurred interest in the region. This deal highlights the increasing attractiveness of Suriname’s offshore basins to major international oil companies. Operational and Technical Aspects 1. Exploration Phase: • The agreement mentions that block 5 is moving into its second exploration phase with a commitment to drill an exploration well. This phase is crucial as it will determine the presence and commercial viability of hydrocarbon resources in the block. Positive results could lead to further investments and development activities. 2. Shallow Water Advantage: • Block 5 is located in shallow water depths of about 30-45 meters. Shallow water operations generally pose fewer technical challenges and lower costs compared to deepwater projects, making the exploration and potential development more economically feasible. Economic and Political Implications 1. Economic Impact on Suriname: • This agreement can have significant economic benefits for Suriname. Increased exploration and potential future production can lead to job creation, infrastructure development, and increased revenues for the country. The participation of Staatsolie, Suriname’s national oil company, ensures that a substantial portion of the benefits will remain within the country. 2. Strengthening Bilateral Relations: • The involvement of QatarEnergy, a state-owned enterprise, reflects the strengthening of economic ties between Qatar and Suriname. Such partnerships can pave the way for broader cooperation in other sectors, enhancing bilateral relations. Leadership and Vision 1. Leadership Statements: • His Excellency Mr. Saad Sherida Al-Kaabi’s remarks emphasize QatarEnergy’s commitment to exploring new opportunities and forming strategic partnerships. His acknowledgment of support from Suriname’s authorities and Chevron highlights the collaborative spirit essential for successful international ventures.

🔍 Perenco is kicking off appraisal drilling in Gabon, building on the success of its shallow water discovery at Hylia South West. The original find at HYSM-1 revealed promising oil-bearing columns in the Ntchengue Ocean and Madiela reservoirs, and now Perenco is diving deeper to uncover their full potential. With the Banba jack-up rig on the job, we're looking at 30 days of exploration that could reshape our understanding of oil resources in the region. But Perenco isn't stopping there! 🌟 Gabon plays a crucial role in their expansion plans, with projects like the gas-to-power initiative in Mayumba set to transform the region's energy landscape. 💡💥 🔥 #EnergyExploration #Gabon #Perenco #OilandGas

The announcement reveals Namibia's intention to commence five offshore oil drilling ventures in the Orange Basin by early 2024. Preparations and logistical arrangements are currently underway for the initiation of these new drilling operations. Notably, Total's Deepsea Mira rig, a state-of-the-art semi-submersible constructed by Hyundai Heavy in South Korea, embarked from Bergen, Norway, in early April 2023, with an anticipated arrival in Namibia around November . In addition to these efforts, the government aims to enhance exploration activities by acquiring a 3D volume for onshore prospecting. Shino emphasized Namibia's proactive stance in attracting investors with substantial resources and specialized technologies tailored to the region's unique challenges, to unlock the country's oil and gas potential. Meanwhile, NAMCOR, Namibia's national oil company, continues to progress plans for the further development of the nation's oil and gas sector. #megaprojects #projectmanagementnamibia #pminamibia #projectmanagement

Galp’s new discovery offshore Namibia has been successfully tested, with flows from the Mopane-1X well hitting the maximum limit of 14,000 barrels oil equivalent per day in a test. The Portuguese oil major, in a statement on Sunday, described Mopane as ‘potentially an important commercial discovery’. It reckons the discovered Mopane complex alone could contain hydrocarbon in-place in excess of 10 billion barrels of oil equivalent, and it sees possible additional exploration and appraisal wells in the project’s vicinity. “All acquired data from the current Mopane drilling campaign will be analysed and integrated into an updated reservoir model. The model will serve as the basis to refine Galp´s near-term drilling plan to further explore, appraise and develop the wider Mopane complex,” the company said in a statement. Galp owns 80% of the project where it drilled the Mopane-1X well and made the... More at #Proactive #ProactiveInvestors http://ow.ly/r1qC105qeLZ