The Nigeria National Petroleum Corporation (NNPC) begins oil exploration in eight of the 25 local government areas in Niger State, with Nigeria’s reserves expected to increase to 40 billion barrels by 2023.
The company won the exploration rights as part of two consortia.
Ganope announced that the companies that have been awarded Red Sea 10 exploration blocks will have the right to sell its production shares locally or export it with the Ministry of Petroleum’s approval.
During the exploration phase, the Indian consortium will hold 100% stake and invest around $170 million to explore oil and gas in the block.
The Abu Dhabi National Oil Company (ADNOC) has awarded two offshore blocks to Eni and PTT Exploration and Production Public Limited (PTTEP) for oil and gas E&P.
Edison announced its commitment to Egypt and its East Mediterranean concessions as it will pursue and fulfill its exploration campaign in 2019.
Moroccan upstream gas company Sound Energy has announced the spudding of its TE-10 well in eastern Morocco.
Lebanon is expected to start exploring for natural gas by the end of 2019 through a consortium led by French oil major Total, second vice-governor of Lebanon’s central bank, Saad Andary, revealed at a press confer ...
A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.
The Tunisian government accepted a bid from the upstream company Upland Resources for an exclusive hydrocarbon exploration and appraisal licence in onshore northern Tunisia.
