The Africa Oil & Gas Sector is booming like never before
Ghana’s Parliament has approved a petroleum contract for the country’s South Deepwater Tano project. This operation will operate in partnership with Ghana National Petroleum Corp. (GNPC) and GNPC Exploration and Production Co. All parties involved in the running of this project have experience in managing and developing petroleum projects in West Africa.
Total E&P Congo has approved Technip with an engineering, procurement, and construction agreement for the Moho Nord project, 75 km offshore Pointe Noire. Technip will provide project management, detail engineering, procurement and supply for modifications to Alima, and the two subsea tiebacks. Work is due to be completed early in 2015.
Seadrill (XOSL:SDRL) expresses their conclusion that there will high demand for ultra-deepwater floating drilling rigs (up to 7,500 ft, or 2,286 m) over the next couple of years from all over Africa. Further expression reveals the likelihood of increased drilling activity off Angola and Nigeria due to a backlog of exploration work and the need to develop several large discoveries Seadrill also predicts growing activity in East Africa with dynamic exploration programs planned off Mozambique, Tanzania, and Kenya.
BG has a further gas discovery in deepwater block 1 offshore Tanzania.
The Mkizi-1 well was drilled by the Deepsea Metro I drillship in 1,301 m (4,268 ft) of water, at a location between the Mzia and Jodari discoveries. It encountered gas pay in three reservoir intervals within a Tertiary age stacked channel complex. According to partner Ophir Energy total net pay was 33 m (108 ft), with worthy reservoir value – all three intervals showed high quality porosities and permeabilities.