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New discoveries in Angola s Prolific Basins fuel interest in ongoing bid round – Newstime Africa
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ENI announced on Tuesday 06 April, that it had made a new discovery in Angola. The Italian Major’s latest oil discovery in its Block 15/06 concession offshore Angola underlines why Angola’s Prolific Basins and conducive regulatory framework continue to prove attractive despite stiff competition from new frontiers like Guyana and Suriname. It is also for this reason that the current bid round for three onshore blocks in the Lower Congo Basin, and six onshore blocks in the Kwanza Basin, run by the National Agency of Petroleum, Gas and Biofuels (ANPG) is attracting a lot of interest from the industry.
In the past twelve months, COVID-19 and resultant oil price instability have threatened investment globally in seismic acquisition, new drilling and other ‘non-essential’ activities. Yet what has remained constant during this period is the magnitude of Angolan oil and gas reserves, which not only represent some of the least explored basins globally, but also appear to grow in size
ENI announced on Tuesday 06 April, that it had made a new discovery in Angola. The Italian Major’s latest oil discovery in its Block 15/06 concession offshore Angola underlines why Angola’s Prolific Basins and conducive regulatory framework continue to prove attractive despite stiff competition from new frontiers like Guyana and Suriname. It is also for this reason that the current bid round for three onshore blocks in the Lower Congo Basin, and six onshore blocks in the Kwanza Basin, run by the National Agency of Petroleum, Gas and Biofuels (ANPG) is attracting a lot of interest from the industry.
In the past twelve months, COVID-19 and resultant oil price instability have threatened investment globally in seismic acquisition, new drilling and other ‘non-essential’ activities. Yet what has remained constant during this period is the magnitude of Angolan oil and gas reserves, which not only represent some of the least explored basins globally, but also appear to grow in size
Appointment of Corporate Broker and Director / PDMR Shareholdings Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive production and development opportunities within the European energy market, makes the following announcement in respect of the appointment of a sole corporate broker and of a disclosable transaction carried out by one of its Directors on 30 December 2020. Appointment of a sole Corporate Broker Scirocco is pleased to announce the appointment of WH Ireland Limited ( WH Ireland ) as Corporate Broker to the Company, effective immediately. Directors Salaries and Operating Costs update To continue to preserve cash within the Company, the Board has agreed to extend the Director Options plan, announced on 2 July 2020, granting nominal cost options to Non-Executive Chairman Alastair Ferguson and Non-Executive Director Jon Fitzpatrick through to 31 December 2021. To date, no Board member has been paid in cash
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