Development / Production

Uganda set to miss 2022 oil production deadline

October 01, 2019 | Company Operations, Development / Production, Uganda

London, UK | – French multinational oil giant Total E&P’s decision to suspend all oil activities in Uganda after Tullow Oil’s failure to sell a stake of its interests will delay Uganda’s plans of producing first oil, hurting the country’s position of meeting some of its debt obligations, reports the Observer. Uganda has racked up a pile of debts – such as the construction of roads and power plants – in the hope that oil money would flow quickly so that the country can service …

Ghana set to double its total oil production to 420, 020bpd in 2023

February 22, 2019 | Development / Production, Ghana, Government & Regulations

London, UK |  – Mr Ken Ofori-Atta, the Ghanaian Minister of Finance has said the overall crude oil production from Ghana is expected to more than double over the next four years. “Overall, crude oil production is expected to increase from 196,089 barrels per day in 2019 to 420,020 barrels per day in 2023,” he said, adding that, the first oil from the Aker fields is expected between the last quarter of 2020 and first quarter of 2021. The Aker Energy ASA has confirmed a …

Tullow Oil expects to hit full output capacity at Ghana TEN field by 2020

August 23, 2018 | Company Operations, Development / Production, Ghana

London, UK | – Oil production from Tullow Oil’s offshore Tweneboa, Enyenra and Ntomme (TEN) Field in Ghana is expected to hit full output capacity of 80,000 barrels a day (bbl/d) by 2020, a local manager has said. TEN, with reserve estimates of 240 million barrels (MMbbl) of oil and associated gas of 60 MMbbl, produces about 56,000 barrels, external affairs director Cynthia Lumor told reporters in Accra. Tullow held back work at TEN, its second operation in the West African country, for nearly two …

Iraq wants control of Kurdish region’s oil exports: state firm

November 02, 2017 | Development / Production, Middle East, OPEC

Baghdad, Iraq | – Iraq wants the Kurdistan region to stop independent crude exports and to hand over sales operations to the Iraqi state-oil marketer SOMO, the company’s director said on Thursday. Iraq is talking to Turkey to allow SOMO to sell the Kurdish crude that arrives by pipeline in Ceyhan, the Turkish terminal on the Mediterranean, acting SOMO director general Alaa al-Yasiri told reporters in Baghdad. About 530,000 barrels per day (bpd) used to arrive in Ceyhan via the pipeline until mid-October, of which …

Eni  Zohr field development offshore Egypt is 80% complete

August 03, 2017 | Development / Production, Egypt

Huge Mediterranean field could satisfy domestic gas demand Cairo, Egypt | – The development of the giant Zohr gas field offshore Egypt, recently discovered by Italian oil giant Eni, is 80% complete less than two years after the discovery was made, a record in the oil industry, Eni CEO Claudio Descalzi said during his meeting with Egyptian Prime Minister Sherif Ismail in Cairo. According to Eni, the meeting, which was also attended by Egypt’s Petroleum and Mineral Resources Minister Tarek El Molla, focused primarily on the future of Zohr’s mega …

Total begins production from Congo’s Moho Nord deep offshore project

March 17, 2017 | Congo, Development / Production

London, UK |  – Total S.A. , a French multinational integrated oil and gas company has started production from the Moho Nord deep offshore project 75km offshore from Pointe-Noire, Republic of the Congo. The project is capable of producing around 100,000 barrels of oil equivalent per day (boepd). Total Exploration and Production president Arnaud Breuillac said: “Moho Nord is the biggest oil development to date in the Republic of the Congo. A showcase for Total’s deep offshore operational excellence, it consolidates our leading position in Africa. “Moho …

Tullow Oil cuts spending, West African production

November 11, 2016 | Company Operations, Development / Production, Expenditures & Funding

London, UK |  –  UK and London-listed leading independent oil exploration and production company, Tullow Oil has lowered its spending again on Wednesday in the face of low oil prices and cut production targets due to the slower than expected increase in output from its new TEN oil fields offshore Ghana. Two years of weak oil prices have forced Tullow to make stringent cost cuts and scrap its dividend and the Africa-focused company also faced a technical issue at its prized Jubilee field in Ghana that forced …

Nigeria’s oil output to rise by 200,000bpd in 2018 with new Egina field

October 05, 2016 | Development / Production, Nigeria

Port Harcourt, Nigeria | – The Nigerian National Petroleum Corporation, NNPC, has  projected a 200,000 barrels per day increase in Nigeria’s crude oil production by the first quarter of 2018 with the commissioning of the Umblical Flow-lines and Risers (UFR) for the new $16 billion Egina Deep Offshore Project. The Group Managing Director of the NNPC, Mr. Maikanti Baru, speaking during the Load out Ceremony of the UFR for the Egina project by Saipem Contracting Nigeria Limited, in Port-Harcourt, disclosed that the module will guarantee the …