Market Report: VAALCO Starts Production at the Avouma 3H-ST Well Offshore Gabon
The Avouma 3H-ST well represents the second successful well of VAALCO’s 2021/2022 drilling campaign.
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The Avouma 3H-ST well represents the second successful well of VAALCO’s 2021/2022 drilling campaign.
The listing will advance Nigeria’s plans to leverage natural gas as a transitional energy source for energy security.
Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva expressed satisfaction at the level of work done at the refinery.
According to The Minister of State of Petroleum Resources, H.E. Chief Timipre Sylva, NLNG would be able to provide gas to help ease Europe’s gas crisis.
Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva noted that after the Russia-Ukrainian war, the EU must have an alternative source of gas and collaboration with Nigeria was paramount.
Nigeria continues to advocate for a multifaceted energy transition timetable that will attract more investments into Africa.
FAR has provided its notice of withdrawal to the Government of Guinea-Bissau and operator Petronor under the relevant agreements.
Tullow will spend most of its $350 million investment program on Ghana in 2022, where Jubilee produced around 75,000 boe/d in 2021 and TEN 33,000 boe/d.
Neither the Federal Government nor the NNPC have plans to increase the price of petrol.
Chevron will sell its assets in Equatorial Guinea for as much as $1 billion to reinvest focus on production hubs in the U.S. and Kazakhstan.