Market News
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MAUREL ET PROM REPORTS PROMISING RESULTS OF THE MB-4 DEVELOPMENT WELL IN TANZANIA
Posted on :Saturday , 20th June 2015
Manzi Bay operator Maurel et Prom has announced that the MB-4 development well, drilled 800 m from the MB-2 and MB-3 wells at the Mnazi Bay gas field, has crossed Miocene gas reservoirs with net pay of 24 metres (Upper Mnazi Bay) and 43 metres (Lower Mnazi Bay) respectively, both ranked among the best of the five wells drilled at this field so far.
According to Maur. . .New $57m KPC pipeline to ease fuel supply in western Kenya
Posted on :Saturday , 20th June 2015
The construction of a new and broader pipeline in western Kenya costing $57 million raises hope for more reliable supply of fuel for domestic use and export.
China Petroleum Pipeline Bureau (CPPB), which won the contract, will build the 122 kilometres 10-inch pipeline from Sinendet to Kisumu parallel to the existing 6-inch facility to meet growing demand of re. . .Kenya, Uganda may decide on oil pipeline route by mid-July
Posted on :Friday , 19th June 2015
Kenya and Uganda could decide by mid-July on the route for a crude pipeline linking their newly found oil fields to the Kenyan coast, a vital step for oil firms to make a final investment decision, a senior Kenyan ministry official said.
Two possible routes have been proposed, one running through north Kenya to the coast in the Lamu region and a second followi. . .ORCA EXPLORATION RECEIVES $60 MILLION FINANCING FOR THE SONGO SONGO DEVELOPMENT PROGRAMME
Posted on :Tuesday , 16th June 2015
Orca Exploration has announced that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation financing.
Through its operating subsidiary, PanAfrican Energy Tanzania Limited the World Bank board approved an investment of $60 million by IFC currently contemplated a. . .Bowleven commences drilling operations on Zingana exploration well
Posted on :Wednesday , 3rd June 2015
Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling operations have commenced on the Zingana exploration well on the Bomono Permit, onshore Cameroon. The Zingana well is the first of two wells in the 2015 exploration programme. Zingana is located 20 kilometres north-west of Douala and will target a Paleocene (Tertiary) aged threew. . .
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