Renewed Optimism is Exploration
Renewed optimism is the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. The cost of exploring has fallen more than 50% since 2013/14 and there are fewer companies competing for acreage, said a research report by Westwood Global Energy Group. It could be argued that there has not been a better time to be exploring in the last decade. The geology economic to explore increases considerably above $60/barrel and in the first quarter of 2018 the oil price averaged $67/barrel.
Crowley Aids US Military's African Ebola Mission
For the past six months, Crowley Maritime Corporation has provided critical logistics services in support of Operation United Assistance (OUA), the U.S. military’s mission to fight the Ebola virus epidemic in West Africa, the company announced today. Specifically, Crowley has supplied emergency shipping, warehousing, trucking, stevedoring, customs brokerage and other logistics capabilities, first to the U.S. Government’s Defense Logistics Agency (DLA) and now to the U.S. Army in both Liberia and Senegal, Africa. These efforts have supported the more than 3,000 deployed U.S.
Working for Africa
International Maritime Organization (IMO) has contributed to the latest meeting of United Nations bodies working in Africa – the RCM-Africa forum. The forum, which held its 18th session in Dakar, Senegal (25-26 March), provides a platform for all UN programmes and agencies to share information about their work in the continent and coordinate strategies to support African Union programmes. IMO shared information about its technical assistance activities in Africa, which form part…
UN to Support Senegal’s Maritime Security
International Maritime Organization (IMO) joined other United Nations agencies supporting Senegal’s maritime and port security, in an assessment visit to Dakar (27-29 March). IMO acted as the lead agency for maritime security provisions during the assessment of Senegal’s implementation of important Security Council resolutions addressing counter-terrorism. Border management was a main focus of the mission, which included meetings with maritime authorities and border management agencies.
Fifty Mali Migrants Among Hundred Drowned in Med
At least 50 Malians from the impoverished region of Kayes were among up to 900 migrants who drowned trying to cross from Libya to Europe this weekend, the government said on Friday. The deaths triggered worldwide outrage and prompted the European Union to agree to triple the size of its naval search mission in the Mediterranean at a hastily convened summit. "There were 24 survivors amongst which there were 12 Malians. Around 50 Malians drowned but that number could increase," said Kany Keita, spokesman for the Ministry for Malians Abroad. Nearly 2,000 people have died this year out of nearly 40,000 people recorded making the crossing. The Kayes region of western Mali, which borders Senegal, Guinea and Mauritania, has seen high levels of emigration for years.
Cairn Energy Drops Ibiza Oil Drilling Plans
Oil explorer Cairn Energy has dropped plans to drill near Spanish holiday island Ibiza, the company said, as it wants to focus on developing potentially huge reserves offshore Senegal. Cairn was set to carry out seismic testing on four offshore blocks in the Gulf of Valencia but has now decided its money will be better spent in Senegal where it said its oilfields could hold more than a billion barrels of oil. "Cairn has informed the Spanish Ministry of Industry, Tourism and Commerce that it intends to withdraw from four exploration permits in the Gulf of Valencia," a spokesman said. The company will maintain other projects in Spain, including applications for new licences offshore the Gulf of Lion and the Bay of Biscay, he added.
Oil Spill Response Workshop in Senegal
The use of oil spill dispersants, which can be used to break down an oil slick into smaller droplets as part of response efforts, is the subject of a workshop taking place in Dakar, Senegal (17-20 July). Participants from 11 countries (Benin, the Congo, Côte d’Ivoire, Democratic Republic of the Congo, Gabon, Guinea, Guinea-Bissau, Mauritania, Sao Tome and Principe, Senegal, Togo) are attending the sub-regional workshop, which will analyse national policies on dispersant use and provide training on further development and implementation of these policies.
DP World Mulls Senegal Free Zone
DP World is looking to develop a free zone in Senegal, Chairman Sultan Ahmed bin Sulayem said on Wednesday. Sulayem was speaking at an African investment event in Dubai. He did not provide specifics on the firm's Senegal plans, but said it was very bullish on Africa in general. (Reporting by Martin Dokoupil; Writing by David French, editing by David Evans; Editing by William Maclean)
Offshore Senegal Deal Looms for Petrosen
Senegal's state owned hydrocarbon firm Petrosen is set to sign a $400 million "farm-in" agreement with Kosmos Energy and Timis Corp regarding its Cayar and St. Louis offshore blocks, a draft document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million. Reporting by Diadie Ba
Kosmos to Buy into Senegal Offshore Blocks for $400 mln
Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million.
Cairn's JV Discovers Oil Offshore Senegal
Cairn together with its joint venture partners have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stacked deepwater fans. As stated prior to the commencement of operations there are no plans for immediate well testing. Further evaluation will now be required…
DP World to Expand in African Market
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem has met with Senegalese President Macky Sall as part of a tour of West and North Africa to confirm development of infrastructure projects in the country. The discussions, attended by Prime Minister Mohammed Dionne and senior government officials, confirmed the plan for Port Du Futur with construction to start before the end of 2018 together with agreement on land allocation for the associated freezone. Meanwhile, DP World will also provide a master plan for redevelopment of the old port of Dakar.
DP World Leaders Inspects West African Terminal
During their visit to the Senegalese capital, Mr Bin Sulayem and Mr Bin Thaniah also toured Terminal à Conteneur, West Africa’s largest and most modern container terminal, managed and operated by DP World Dakar. Four Ship-to-Shore (STS) cranes and 10 Rubber Tyred Gantries (RTGs) were installed at the terminal recently, completing the upgrading work, which also included a new gate complex and new reefer storage facilities. The terminal was opened to business last November after DP World carried out new expansion work that more than doubled capacity to over 600,000 TEU (twenty-foot equivalent container units) under a concession agreement signed in 2007.
Boat with 40 African Migrants Arrives on Spanish Island
A boat containing around 40 African migrants including a toddler girl landed on a beach on the Spanish island of Gran Canaria, sea rescue services said on Wednesday. The Spanish Canary Islands off the Moroccan coast were a key route around 10 years ago for migrants from Africa trying to reach Europe, but their numbers fell after Spain increased patrolling. Europe is in crisis as hundreds of thousands of refugees fleeing war and economic migrants escaping poverty are arriving on the continent, crossing the Mediterranean on unsafe boats and over land across the Balkan peninsula. The group of 33 men, six women and the child, were all in good health when they arrived late on Tuesday, a government official said. One of the women was pregnant, the official said.
Russian Trawler's Arrest: A Law of the Sea Test Case?
The Russian trawler Oleg Naydenov was recently arrested and escorted in to the Port of Dakar by Senegal navy vessels. If found guilty it faces a doubling of the usual fine, and the arrest has also sparked an appeal by African coastal nations for an opinion from the International Tribunal for the Law of the Sea. A French military plane flying over Senegal's Exclusive Economic Zone detected some of the same vessels that had been stripped of their licences continuing to fish in these waters.
Cairn Makes Second Senegal Find
Cairn has made a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of ~3,000 m and targeting the Shelf Edge Prospect. Intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found approximately 24 km away in FAN-1.
AMVER Merchant Ship Rescues Senegal Sailors Off Cape Cod
Fourteen Senegal nationals arrived in Brooklyn today aboard a merchant ship after being plucked from their 60-foot catamaran about 800 miles east of Cape Cod, Mass., Saturday afternoon. All 14 rescued, reportedly in good physical condition, were placed in the care of U.S. Customs and Border Protection agents. U.S. Coast Guard Atlantic Area Command Center received a distress report and diverted the "AMVER"-participating merchant ship OOCL Melbourne to render assistance. The merchant ship OOCL Melbourne was transiting from Barcelona, Spain to Brooklyn. A joint-agency boarding team of Coast Guard Sector New York and Customs and Border Protection officers met the merchant ship OOCL Melbourne at Ambrose Light Anchorage, about 12 miles outside the Port of New York and New Jersey.
IMO Helps to Prevent Stowaways
International Maritime Organization (IMO) is continuing to assist countries with the highest number of stowaway incidents by spreading the knowledge of effective port security measures, and, thereby, helping to facilitate the free flow of international maritime traffic. At workshops in the ports of Abidjan, Côte d'Ivoire (11-15 December) and Dakar, Senegal (18-22 December) participants from the relevant national authorities are being trained to plan and conduct effective self-assessments and internal/external audits of port facilities, in line with IMO guidance on voluntary self-assessment.
BP, Kosmos Move Closer to Senegal and Mauritania Offshore Project
BP and Kosmos Energy have moved closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production from the cross-border field. Kosmos said on Monday it expected to make a final investment decision (FID) on the project in 2018, with first gas expected in 2021. BP had previously indicated it expected to reach an FID on the project towards the end of this year. The Greater Tortue Complex, which straddles the maritime boundaries of the two countries, is estimated to hold more than 25 trillion cubic feet of gas. The production is expected to be exported via a liquefied natural gas (LNG) facility.
Woodside Buys ConocoPhillips’s Senegal interests
Woodside completed the transaction to buy 100% of the shares in ConocoPhillips Senegal B.V. The total purchase price was US$350 million plus net customary adjustments of approximately US$90 million. Woodside CEO Peter Coleman said the acquisition was an exciting addition to Woodside’s global growth portfolio. “We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries.
Offshore W. Africa Drilling Contract
Elenilto, with state oil company Petrosen, awarded Production Sharing Contract (PSC) by the Government of the Republic of Senegal. The contract is to develop the prospective Senegal Offshore Sud Shallow Oil block. Elenilto will be the operator of the block and Petrosen will have minority participation interest in the project. The block is 7,920 sq km and is located in Southern Senegal Casamance offshore basin. Oil Resources volumetric assessment based on reprocessed 2D seismic coverage indicates potential of 500-800 million barrels of oil in first priority leads. Other deeper possibilities are highly likely and will be explored by Elenilto, who have selected two areas of interest as first priority for immediate further exploration and they intend to begin the 3D seismic survey shortly.
Golar LNG Enters Preliminary Deal for BP FLNG
Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal.The Preliminary Agreement with BP Mauritania Investments Ltd and BP Senegal Investments Ltd creates obligations on Golar to progress FEED work and be ready for a vessel conversion from July 1, 2018 onward, which would be contingent on Project FID, expected end 2018.The vessel conversion would take place at Keppel Shipyard Ltd, building on Keppel's delivery of the FLNG Hilli Episeyo, utilizing Black and Veatch Corporation's…
Cairn Confirms Successful Senegal Appraisal
Cairn informed that the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. Operations have been safely and successfully completed following drilling, coring, logging and drill-stem testing (DST). The well is now being plugged and abandoned. Following this first successful appraisal well, resource estimates for the SNE field will be fully revised and announced after the results of the further appraisal activity. * DST over a 15m interval (~3.5m net) of relatively low quality “heterolithic” pay flowed at a maximum rate of ~1…