October 2019: Panoro Energy has sold its 6.502% interest in OML-113 Aje oil field (offshore Nigeria) to PetroNor for 10 MMUSD plus add-ons. The field achieved first oil production in 2016, and is currently developed with two subsea oil production wells tied back to a FPSO vessel.
January 2019: Ophir Energy cancelled its Fortuna floating LNG project in Equatorial Guinea after failing to secure investment funding and losing the offshore block R licence after it expired. The London-based company said the loss would impair its full year results by 300 MMUSD.
July 2018: Erin Energy has filed for bankruptcy and gone into liquidation. The Houston based oil company has equity in the producing OML-120 Oyo oil field (offshore Nigeria), and oil exploration licences in Ghana, Kenya, and The Gambia.
April 2017: BW Offshore has completed the first development well (DTM-2H) in the Tortue field in the Dussafu license offshore Gabon. The well was spudded with the Borr Norve jack-up drilling rig in January 2018, and drilled on schedule and within budget. The Tortue oil field is owned by BW Offshore (91.67%) and Panoro Energy (8.33 percent).
October 2017: Addax Petroleum has agreed a four-year fixed term contract extension to lease the Sendje Berge FPSO vessel from BW Offshore Limited. The FPSO vessel has been operating on Addax’s OML-126 Okwori oil field (offshore Nigeria) since 2005, and its lease will now expire in 2021.
Feb-2017: Sound Energy has commenced drilling, and spudded its third well in the Tendrara field (onshore Morocco). The TE-8 well will be a step out appraisal well 7.5 miles (12 km) northeast of the TE-7 well, and will be used to evaluate additional volumes in the TAGI reservoir and appraise the deeper Paleozoic formation. TE-8 will be drilled to a depth of 9760 feet (2975 m) and drilling will take 40 to 50 days. If gas is found in the main well, a further 30 day side-track will be drilled to about 0.6 miles (900 m) north-west to seek to prove a potentially deeper gas water contact depth.