Oil Field Archives - Ibe Kachikwu

24th July 2021

Saudi Arabia Announces Discovery of Four New Oil and Gas Fields

Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, recently stated that the world's top crude exporter had identified four new oil and gas reserves. Oil has been discovered at Al...

29th May 2021

NIGERIA: Decklar Resources has Provided an Update on its Oza-1 Well Re-Entry

The Oza Field is a conventional stacked sands reservoir (12 zones) with proven reserves and identified exploration upside located onshore in the northern part of Oil Mining License (OML) 11...

9th April 2021

ADM Energy Completes 15th Lifting from Aje Field Offshore Nigeria

ADM Energy Plc has announced that it has completed the 15th Lifting at the Aje Field, which is part of Oil Mining License (OML) 113 offshore Nigeria. The Lifting totalled 225,000...

25th March 2021

Bid Winners of Nigeria’s Marginal Oilfield Round Have Started Paying Signature Bonuses

The Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva, said almost 50% of the companies who won the bid for the fifty-seven (57) marginal oilfields have paid their...

24th March 2021

ADM Energy Acquires Interest in OML 141, offshore Nigeria

Natural resources investment company, ADM Energy, has announced it has reached a conditional agreement to invest in the Barracuda oil field in OML 141, offshore Nigeria, through an acquisition of...

6th January 2021

Sharjah National Oil Corporation and Eni Announce Start of Gas Production in Mahani Field

The Sharjah National Oil Corporation (SNOC) and Italian oil and gas giant, Eni, have announced that start-up of the Mahani-1 gas well, which marks the commencement of gas production from...

24th December 2020

LEKOIL Publishes Operational and Trading Update for Otakikpo Marginal Field in Nigeria

Nigerian oil and gas exploration company, LEKOIL, has provided operational and trading update for the Otakikpo Marginal Field, which is the company's sole producing asset. Below are the updates on...

15th December 2020

Nigeria Considering Another Oilfield Licensing Round in 2021 – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that the Nigerian government may hold another oilfield licensing rounds in 2021, especially in the...

16th November 2020

Sudan to Offer 27 Concession Offshore and Land Blocks

The acting Energy Minister of Sudan, Kheiri Abdelrahman, announced on 15th November 2020 that Sudan is going to offer 27 concession blocks through a global bid. Twenty-four of the blocks...

17th October 2020

Libya’s Output Reaches 500,000 barrels per day After Restart of Sharara Field

Reports show that the daily oil production in Libya may have risen to around 500,000 barrels since the country's biggest oil field, Sharara, was restarted. The southwestern deposit, Sharara, which...