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Latest news and what's happening in our industry

Ichthys Names Vessels For Gas-condensate Field Development Project In Australia

Feb-2017: Japan’s Inpex held a ceremony in South Korea on 17 February 2017, to officially name the two offshore facilities for the Ichthys LNG Project. The project’s central processing facility (CPF) was named Ichthys Explorer, and the floating production, storage and offloading (FPSO) vessel was named Ichthys Venturer. They will be used to develop the Ichthys gas-condensate field located 220 km offshore Western Australia. Field life is estimated as 40 years. The gas will be exported to the onshore liquefaction plant in Darwin, Northern Territory, which will produce 8.9 million metric tons of LNG per annum, 1.6 million metric tons of LPG per annum, and 100 000 barrels of condensate per day at peak. Inpex is Ichthys’ operator with 62.245% equity, followed by Total (30%), CPC Taiwan (2.625%), and five other Japanese firms.

Total, Tullow Oil And CNOOC Launch FEED Studies For Two Fields In Uganda

Feb-2017: Total, Tullow Oil and China National Offshore Oil Corporation (CNOOC) have signed agreements to launch the Front End Engineering Design (FEED) studies for the Nwoya and Buliisa oil fields in Uganda, in a bid to fast track oil production by 2020. The agreements were signed on 14 February 2017, and Technip, Fluor and Chicago Bridge and Iron Company (CB&I) were awarded contracts to complete the first phase of the FEED design for a period of six months.  The FEED studies, which will cover Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa respectively, will evaluate the design of trunk pipelines, crude feeder pipelines, a central processing facility with 200 000 stb/d oil production capacity, costs estimates and project implementation schedules.

Chariot Commences Seismic Data Acquisition in Mohammedia and Kenitra Permits

Feb-2017: Chariot Oil and Gas has commenced a seismic data acquisition campaign to cover its Mohammedia and Kenitra permits in Morocco. The seismic campaign, conducted by Polarcus with the Polarcus Asima vessel, will enable the asset owners to develop the portfolio of drillable prospects and potentially identify additional prospects. The campaign will also fulfil the work commitment for both licences. The area is projected to contain 1 billion barrels of oil. Chariot owns 75% equity in both permits, and Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) holds the remaining 25% as carried interest.

Chariot Acquires 75% Equity In The Kenitra Exploration Permit Offshore Morocco

Feb-2017: Chariot Oil and Gas has been awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit in Morocco, in partnership with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM), which holds a 25% carried interest. Kenitra, with an area of approximately 1 400 sqkm and in water depths ranging from 650 – 4 920 feet (200 – 1 500 m), was formerly part of the Rabat Deep Offshore Exploration Permits I-VI (“Rabat Deep”), in which the Company now has a 10% interest and a capped carry on the RD-1 well to be drilled in early 2018. Kenitra is also adjacent to Chariot’s 75% interest in the Mohammedia Offshore Exploration Permits I-III (“Mohammedia”).

Tlou Energy Increases Gas Reserves Estimates In Two Botswana Prospects

Feb-2017: Tlou Energy has re-evaluated its Lesedi and Mamba projects, and now believes that they contain a total of 3.9 TSCF of 2P (proved and probable) gas reserves, which is 44% above previous estimates.

Total Award Gabon Pipe Lay EPCI Contract to Bourbon

Feb-2017: Total has awarded a contract to Bourdon for the engineering, procurement, construction, and installation (EPCI) of a pipeline in Gabon. The 25 km, 6-inch rigid pipeline will be part of the Hylia Water Injection Project, and will use Zap-Lok® technology for the pipeline installation.