Heritage relinquishes Northern block license in favour of the South in Tanzania

Heritage Oil has relinquished  its  Rukwa North license in Tanzania in favour of the neighbouring  Rukwa South licence which had showed better prospectivity after an analysis of the initial seismic data. “Initial interpretation of the 2D seismic data acquired in the first quarter of 2013 across the Rukwa licences has been completed. The results indicate that …

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Uganda Gov’t adopts horizontal drilling method for its oil

Uganda has adopted the horizontal oil drilling method as a way to reduce impact on the environment and wildlife in the environmentally sensitive Albertine graben. Commercial deposits of oil, which currently stands at 3.5 billion barrels, have been discovered in the Albertine graben which incidentally also harbours key tourist attractions in national parks. Environmentalists have …

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Kenya’s new energy bill delayed by 6 months

Kenya will have to wait a little bit longer before it can have a new energy bill that will regulate the petroleum sector with the Bill not expected in parliament before June according to energy and petroleum principal secretary Joseph Njoroge. The law that expected to be brought in parliament last year in November is …

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Simba Energy strikes new farm-out for Kenya block 2A

Canadian oil explorer Simba Energy  has a signed letter of intent  for a new farm-out of Block 2A, onshore Kenya. The deal with a private Calgary-based company  will see Simba selling up to 40 percent asset and is worth US$8.6mln. As cost recovery Simba will receive US$2mln in cash,in turn giving the new partner a 10% stake in …

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Pancontinental Oil and Gas, BG Group starts offshore drilling in Kenya

Pancontinental Oil & Gas  and BG Group  have spudded exploration well Sunbird-1 in licence area L10A offshore Kenya. The Kenya L10A consortium consists of BG Group, operator, with 50% working interest; PTTEP with 31.25% working interest, and Pancontinental with 18.75% working interest. Sunbird-1 is expected to take 50 to 60 days to drill to 3,000 …

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Sudan, South mull joint oil protection force

Story by AFP Sudan and South Sudan agreed Monday during a visit to Juba by President Omar al-Bashir to consider setting up a joint force to protect vital oilfields, his foreign minister said. “Sudan and South Sudan are in consultations about the deployment of a mixed force to protect the oilfields in the South,” Ali …

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Factfile: Songo Songo Gas Development and Power-Generation Project, Tanzania

The Songo Songo gas field is located on and offshore Songo Songo island, about 15km from the Tanzanian mainland and 200km south of the commercial capital, Dar es Salaam. The project serves two onshore and three offshore natural gas wells at the island, the gas from the wells being piped to a plant on the …

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New oil, gas finds: Is East Africa ready for sovereign wealth funds?

Story by The EastAfrican:- Sovereign wealth funds are fast becoming the “must-have” for any natural resource-exporting country, and for any country hoping to commercialise reserves of oil, gas or minerals in the near future. East Africa has not been left behind, with Kenya, Uganda and Tanzania all considering the establishment of such funds. But the …

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Tough luck for Ophir oil exploration in Tanzania

Ophir Energy plc has announced that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7*, Tanzania. Ophir has an 80% net interest. The well was located c.210km east of Dar es Salaam and was drilled by the Deepsea Metro I drillship. Mlinzi Mbali-1 is the first well on Block 7 and …

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East African oil wells among explorations to watch out for in 2014

The fact that a 40% drilling success rate marks out 2013 as one of BP’s best years for exploration in decades reflects the kind of glass-half-full attitude hardy oil investors must persist with. Disappointing results are too many to count, but, there few share price catalysts as pure as an exploration success. It is because in …

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