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Bowleven Updates Etinde

Bowleven and its partner New Age Cameroon Offshore Petroleum (operator) have completed the drilling of the IE-4 appraisal well on Cameroon’s Etinde Block. The object of the well was to appraise two Intra-Isongo aged 410 sand packages in two fault bounded structures. The primary target, “Drillbit”, is structurally higher than the lower, “Crowbar” sand package, […]

October 21, 2018 Read More

Egypt: New System for Oil Contracts in the Works

Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help the country become self-sufficient in energy, oil ministry and company officials were cited as saying in a Bloomberg report. According to the report, the new system has companies bearing the cost of […]

October 21, 2018 Read More

XOM Eyes Africa for Next Oil Bonanza

US supermajor ExxonMobil is looking to repeat its success off the coast of Guyana and in other parts of the globe. One of the company’s targets is western and southern Africa. According to a Bloomberg report, ExxonMobil is looking for the world’s next big oil bonanza to come from the African continent. Exploration chief Stephen […]

October 21, 2018 Read More