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E & P News

2016

Mar 2016: Construction of an LNG export terminal has begun. It will have one liquefaction train in the first phase allowing for the production of 3 million tonnes of LNG per year with an option to be expanded to 10 mm tpa. Gas will be delivered via an 803 km pipeline from Ethiopia’s Ogaden Basin to Djibouti with phase one throughput of 4 bcm per year.

Jan 2016: Oyster Oil and Gas has commenced an airborne gravity and magnetics survey over 3,350 line kilometres onshore and offshore in the south of the country. Acquisition is scheduled for completion in January 2016.

2013

Oct 2013: Oyster Oil & Gas has commenced an onshore magnetotelluric and gravity survey over Blocks 1, 2 and 4 with completion planned for the end of 2013. The survey will help provide a regional understanding of the sedimentary basins in Djibouti. Oyster holds 100% interest in blocks 1 (partly offshore), 2 and 4 plus offshore block 3 after signing a PSC in Sept 2011.

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