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Otakikpo Production Expected Ahead of Schedule

Lekoil, the technical and financial partner on the Otakikpo project on OML 11 and its partner Green Energy have secured approvals for a well re-entry plan. Earlier in the year Lekoil had announced that it expected to begin production in H2 2015, however based on an updated phased approach, production is now expected in H1 […]

December 17, 2014 Read More

Serinus’ Winstar-12bis

Serinus Energy Inc. reported that the Winstar-12bis well (WIN-12bis) was tied into the flowline and commenced extended production on December 10. It is producing 41.5°API light oil and solution gas, consistent with the rest of the field. These rates were all achieved with a choke size of 16/64 inches (6.35 mm). Prior to tie-in, intermittent […]

December 17, 2014 Read More

Repsol to Acquire Talisman for $13 Billion

Talisman Energy Inc. and Repsol entered into a definitive agreement that has Repsol acquiring all outstanding common shares of Talisman for $8.00 per share in cash. The purchase price for the common shares represents a 75% premium to the 7-day volume weighted average share price and a 60% premium to the 30-day volume weighted average […]

December 17, 2014 Read More