Circle Oil Morocco Gas Discovery
July-2015: Circle Oil found gas in LAM-1 well in the Lalla Mimouna petroleum block (Morocco). Well stabilised at 1.9MMSCFD from Miocene gas-bearing sands.
Latest news and what's happening in our industry
Uganda Shortlisted 17 Companies For 2015 Licensing Round
July-2015: 17 oil companies were shortlisted for Uganda’s petroleum blocks during the 2015 licensing round.
Chevron Nigeria Asset Divestment Plan
June-2015: Chevron announced plans to divest its 40% interest in Oil Mining Leases (OMLs) 86 and 88 located in Niger Delta Basin (offshore Nigeria).
Nsiko & Uge Potential Joint Development Proposal
June-2015: Chevron & ExxonMobil may develop Nsiko (Chevron operated) and Uge (ExxonMobil operated) ultra-deep water prospects (offshore Nigeria) together with a single FPSO development.
Afren Share Price Decline
June-2015: Afren share price declined from 101p to 2p within a year, following director dismissals (unauthorised payments) and oil price crash.
Africa Energy Somalia Exit
June-2015: Africa Energy withdrew from the Nugaal & Dharoor petroleum blocks in Puntland (Somalia) due to political instability.