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BW Energy increases interest in Kudu licence

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BW Kudu Limited, a wholly owned subsidiary of BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement that increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5% working interest.
The agreement is subject to the approvals of BW Kudu’s and NAMCOR’s Boards as well as Namibian regulatory authorities. The agreement gives NAMCOR the opportunity to acquire an additional 5% working interest post first gas, while BW Kudu will pay US$4 million at completion of the transaction and carry NAMCOR’s share of development costs until first gas. ....

Carlk Arnet , Immanuel Mulunga , Bw Energy , Bw Kudu , National Petroleum Corporation Of Namibia , National Petroleum Corporation , Carry Agreement , Kudu Gas Field , Offshore Energy , Offshore Gas , பவ் ஆற்றல் , பவ் கூடு , தேசிய பெட்ரோலியம் நிறுவனம் ஆஃப் நமீபியா , தேசிய பெட்ரோலியம் நிறுவனம் , கூடு வாயு புலம் , கடல் ஆற்றல் , கடல் வாயு ,

Equatorial Guinea outlines a path towards oil industry's recovery

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Equatorial Guinea outlines a path towards oil industry’s recovery
SweetCrude Reports
Map depicting Equatorial Guinea oil acreage
The first positive signal comes from the latest investment expectations coming out of the evaluation of 2021 work and budget programs from upstream operators
JOHANNESBURG, South Africa Like the rest of African petroleum producers, Equatorial Guinea has been through a year like no other. The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent its hydrocarbons industry in a deep crisis of uncertainty. However, the country’s industry has proved resilient and a strong dialogue between government authorities and companies has already laid the basis of a recovery in 2021. ....

Equatorial Guinea , South Africa , Punta Europa , Equatorial Guinea General , Rio Muni , Saipem Castorone , Noble Energy , Ministry Of Mines , Trident Energy On Block , Year Of Energy , Trident Energy , Mbaga Obiang Lima , Offshore Gas , பூமத்திய ரேகை கினியா , பூண்ட யூரோபா , பூமத்திய ரேகை கினியா ஜநரல் , ரியோ முனி , உன்னத ஆற்றல் , அமைச்சகம் ஆஃப் சுரங்கங்கள் , திரிசூலம் ஆற்றல் ஆன் தொகுதி , ஆண்டு ஆஃப் ஆற்றல் , திரிசூலம் ஆற்றல் , கடல் வாயு ,

Equatorial Guinea Outlines a Path Towards Oil & Gas Industry's Road to Recovery

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Last updated:
21/12 - 14:50
Like the rest of African petroleum producers, Equatorial Guinea has been through a year like no other. The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent its hydrocarbons industry in a deep crisis of uncertainty. However, the country’s industry has proved resilient and a strong dialogue between government authorities and companies has already laid the basis of a recovery in 2021.
The first positive signal comes from the latest investment expectations coming out of the evaluation of 2021 work and budget programs from upstream operators. They include over $1.1bn of investment forecast: $832.4m of investment commitment and $370m of contingent investment. Such figures are extremely encouraging for the upstream sector in the Gulf of Guinea and will inevitably result in an increase of oil & gas ....

Equatorial Guinea , Punta Europa , Equatorial Guinea General , Rio Muni , Saipem Castorone , African Energy Chamber , Noble Energy , Ministry Of Mines , Trident Energy On Block , Year Of Energy , Trident Energy , Mbaga Obiang Lima , Offshore Gas , Central Africa Distributed , African Energy , பூமத்திய ரேகை கினியா , பூண்ட யூரோபா , பூமத்திய ரேகை கினியா ஜநரல் , ரியோ முனி , உன்னத ஆற்றல் , அமைச்சகம் ஆஃப் சுரங்கங்கள் , திரிசூலம் ஆற்றல் ஆன் தொகுதி , ஆண்டு ஆஃப் ஆற்றல் , திரிசூலம் ஆற்றல் , கடல் வாயு ,

Equatorial Guinea outlines path towards oil and gas industry's road to recovery

Like the rest of African petroleum producers, Equatorial Guinea has been through a year like no other. The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent its hydrocarbons industry in a deep crisis of uncertainty.
However, the country’s industry has proved resilient and a strong dialogue between government authorities and companies has already laid the basis of a recovery in 2021.
The first positive signal comes from the latest investment expectations coming out of the evaluation of 2021 work and budget programs from upstream operators. They include over $1.1bn of investment forecast: $832.4m of investment commitment and $370m of contingent investment. Such figures are extremely encouraging for the upstream sector in the Gulf of Guinea and will inevitably result in an increase of oil & gas production from Equatorial Guinea next year. 2020 already managed to maintain production around 282,700 boepd, including ....

Equatorial Guinea , Punta Europa , Equatorial Guinea General , Rio Muni , Saipem Castorone , Bob Koigi , Noble Energy , Ministry Of Mines , Trident Energy On Block , Year Of Energy , Trident Energy , Mbaga Obiang Lima , Offshore Gas , பூமத்திய ரேகை கினியா , பூண்ட யூரோபா , பூமத்திய ரேகை கினியா ஜநரல் , ரியோ முனி , உன்னத ஆற்றல் , அமைச்சகம் ஆஃப் சுரங்கங்கள் , திரிசூலம் ஆற்றல் ஆன் தொகுதி , ஆண்டு ஆஃப் ஆற்றல் , திரிசூலம் ஆற்றல் , கடல் வாயு ,

Equatorial Guinea Outlines a Path Towards Oil & Gas Industry's Road to Recovery - Afrik-news.com : Africa news, Maghreb news

Like the rest of African petroleum producers, Equatorial Guinea has been through a year like no other. The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent its hydrocarbons industry in a deep crisis of uncertainty. However, the country’s industry has proved resilient and a strong dialogue between government authorities and companies has already laid the basis of a recovery in 2021.
The first positive signal comes from the latest investment expectations coming out of the evaluation of 2021 work and budget programs from upstream operators. They include over $1.1bn of investment forecast: $832.4m of investment commitment and $370m of contingent investment. Such figures are extremely encouraging for the upstream sector in the Gulf of Guinea and will inevitably result in an increase of oil & gas production from Equatorial Guinea next year. 2020 already managed to maintain production around 282,700 boepd, including 115,25 ....

Equatorial Guinea , Punta Europa , Equatorial Guinea General , Rio Muni , Saipem Castorone , African Energy Chamber , Noble Energy , Ministry Of Mines , Trident Energy On Block , Year Of Energy , Trident Energy , Mbaga Obiang Lima , Offshore Gas , Central Africa Distributed , African Energy , பூமத்திய ரேகை கினியா , பூண்ட யூரோபா , பூமத்திய ரேகை கினியா ஜநரல் , ரியோ முனி , உன்னத ஆற்றல் , அமைச்சகம் ஆஃப் சுரங்கங்கள் , திரிசூலம் ஆற்றல் ஆன் தொகுதி , ஆண்டு ஆஃப் ஆற்றல் , திரிசூலம் ஆற்றல் , கடல் வாயு ,