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E & P News

2017

Jun 2017: The seven winners of the EG Rhonda 2016 Licensing Round have been announced . They are Ophir (Block EG-24), Offshore Equator (EG-23), Clontarf (EG-18), Elenilto (EG-09), Taleveras (EG-07), Atlas Petroleum (EG-10), and ExxonMobil (EG-11). PSCs should be signed by September. The government has already signed with ExxonMobil for EG-11, contiguous to the Zafiro oil field.

May 2017: OPEC has approved Equatorial Guinea’s request to join the Organization with immediate effect and become Sub-Saharan Africa’s fourth OPEC member. Equatorial Guinea applied for OPEC membership in January. Its share of production cuts over the last 6 months is 12,000 bbls per day and it will be the first African nation to develop an offshore field using FLNG.

Mar 2017: The Ministry of Mines and Hydrocarbons has extended the date of the EG Ronda Licensing Round to April 28, 2017. The round was launched in June 2016 and made available all acreage not operated or under direct negotiation (37 blocks, including 32 offshore).The country has pledged to cut 12,000 bbls per day  in line with OPEC.

Jan 2017: Equatorial Guinea has offered to join OPEC in 2017 and has agreed to production cuts. The country was one of the non-OPEC nations that signed up to cuts in 2016.

2016

Nov 2016: Ophir (operator, 33.8%) and OneLNGSM (Golar LNG and Schlumberger, 66.2%) are establishing a JOC to develop the $2bn Fortuna FLNG project in offshore Block R. Final investment decision (FID) is targeted for the 1H 2017 and first gas for 1H 2020 with output at up to 2.5 mmtpa.

Aug 2016: Tullow (operator, 47.175%) announced first oil from the offshore Tweneboa, Enyenra, Ntomme (TEN) fields 3 years after the Plan of Development was approved. Tullow expects oil production to ramp-up towards the FPSO capacity of 80,000 bbls per day through the remainder of 2016. Partners are Anadarko (17%), Kosmos (17%), GNPC (15%) and PetroSA (3.875%).

Jul 2016: Marathon (operator, 65%) announced it has achieved first gas production through its Alba B3 offshore compression platform allowing maintenance of plateau production for the next 2 years and extending the Alba Field's life by up to 8 years. Partner is Noble Energy with 35%.

Jun 2016: The latest oil exploration licensing round (EG Ronda 2016) was launched including all onshore and offshore blocks that are not currently operated or under direct negotiation. A total of 37 blocks, 32 of them offshore, including Block A-12 recently relinquished by Marathon are available.

2015

Nov 2015: The Ministry says that the PSC for the Zafiro field in Block B, operated by ExxonMobil (71.25%), will not be extended. Exxon Mobil has been active in the country since 1995. GEPetrol has 23.75% of Block B and the government holds 5%.

Oct 2015: The Ministry of Mines, Industry and Energy announced it will launch a bidding round for all remaining deep and ultra-deepwater blocks in 2016.

2014

Oct 2014: Ophir (operator, 80%), with partner GEPetrol (20%), announced a successful DST on the Fortuna-2 well in Block R proving the deliverability of the Fortuna gas field. Fortuna will form the first phase of an FLNG development with incremental volumes from the Silenus complex, Tonel field and other smaller discoveries. First gas is planned for 2019.

Sep 2014: Ophir Energy announced that the Silenus East-1 well in Block R has discovered gas. The drillship has now moved to complete the Fortuna-2 appraisal well for the first flow test in Block R. Following the latest wells total recoverable resources for Block R are now estimated at 96 bcm. First gas from the Block R FLNG project is planned for 2019.

Mar 2014: Ophir (operator, 80%) expects to make a Final Investment Decision for development of offshore Block R in 2015 west of Bioko Island in water depths up to 1,950m. Floating LNG is preferred for the gas which needs minimal processing in benign sea conditions. This FLNG plant will be the fourth in the world after Shell’s Prelude and Petronas’s PFLNG 1 and PFLNG 2. First gas is planned for 2018.

Jan 2014: The long term drill stem test on the Diega field in Block I is complete. A horizontal sidetrack drilled 400m of oil pay and was tested for one month at rates of up to 7,300 bbls of oil per day. In 2014 a submission of a plan of development for Diega as a subsea tieback to the Aseng FPSO will be made, targeting first oil in 2016.

2013

Jul 2013: Production from the Alen field, operated by Noble Energy, has started. Produced gas and condensate volumes are increasing as commissioning of wells and facilities proceeds towards full operations. Alen utilises the Aseng FPSO for condensate storage. The sharing of facilities with Aseng will reduce operating costs on both projects.

May 2013: The Carla South exploration well in block I east of Bioko Island encountered approximately 12m of net oil pay in good quality sandstones, extending the proven Carla trend from block O. The well is being side-tracked to an adjacent target. Block I is licensed by operator Noble Energy (38%), Atlas Petroleum (27.55%), Glencore (23.75%), PA Resources (5.7%) and GEPetrol (5%).

Apr 2013: Heerema will construct a new gas compression platform for the Alba gas condensate field 32 kms north of Bioko Island. Installation is scheduled in late 2015 with start-up in mid 2016. The field is operated by Marathon with partners Noble Energy and state-owned GEPetrol.

2012

Nov 2012: The Alen field development in block I will begin producing during the second half of 2013. Noble, the operator has secured the Atwood Hunter rig for a drilling program including an exploration well on the block and an appraisal well on the Diega discovery.

Sep 2012: Ophir (operator, 80%) announced completion of its 2012 drilling program in Block R. All 3 wells found gas with the latest, Fortuna West (R6) in a water depth of 1,758m 3 kms SE of the Fortuna-1 discovery, adding 28 bcm of recoverable resources. Fortuna West is the 6th gas discovery in Block R and is the last in the 3 well drilling programme using the Eirik Raude semisub.

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