NNPC has awarded a number of crude oil term contracts for 2017. Of the 220 bids received by the state-run firm, contracts went to 39 companies. Of the 39 contracts, 18 went to Nigerian firms and 11 went to international traders. The remaining 10 contracts went to three NOCs, five foreign refiners, and two trading […]

Sea Dragon Energy (SDX) has reached an agreement with its suppliers and contractors in Egypt which will allow the firm to pay for services in EGP instead of USD. The services will be paid for based on official exchange rates, according to a report in Al Mal News. A number of firms have started negotiating […]

Nigeria’s OML 18 saw a production boost with the re-perforation of a well on the concession. According to San Leon Energy, the electric line operations acquired water saturation logs within a group of wells, and perforation of new producing intervals commenced based upon that data. Reperforation operations on the first of these wells was successful […]