Regional News: West Africa

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Lekoil Acquires Afren's Stake in the Ogo Field Offshore Nigeria
Tuesday, December 01, 2015 Lekoil agrees to buy Afren's entire 22.8-percent stake in Nigeria's OIL 310 license, which contains the Ogo offshore discovery.

Sterling Energy in Dispute with Cameroon over Ntem Block
Tuesday, December 01, 2015 West Africa-focused Sterling Energy is in a dispute with the Republic of Cameroon over the ownership status of the Ntem block.

Sterling Completes Mauritania Block C-10 Stake Acquisition
Monday, November 30, 2015 Sterling Energy Mauritania Limited completes a deal to acquire a 13.5% working interest in the production sharing contract for Block C-10, offshore Mauritania, from Tullow Mauritania Limited.

Senegal JV Partners Receive 3-Year PSC Extension
Friday, November 27, 2015 FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.

Penspen to Conduct Engineering Study for Offshore Nigerian Field
Thursday, November 26, 2015 Penspen secures a contract from Sirius Group to conduct an engineering study for the monetization of gas reserves from oilfields offshore Niger Delta.


Bowleven 'Pleased' with Moambe Flow Test Results
Wednesday, November 25, 2015 Bowleven Chief Executive Kevin Hart states that the company is "pleased with the positive initial flow test results" at the Moambe well on the Bomono permit in Cameroon.

Ophir Energy Said to Receive Merger Interest amid Oil Slump
Wednesday, November 25, 2015 Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.

Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals
Friday, November 20, 2015 Oil below $50 has made more than two out of three investment projects in Africa non-viable.

Moody's: Nigeria's Oil Output Could Fall By 2017 Unless Investments Boosted
Wednesday, November 18, 2015 Nigeria's oil output could drop by as much as 15% by 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior Moody's analyst says.

Searching in Senegal: Exploration Activity through 2020
Friday, November 13, 2015 Rigzone highlights the key upcoming confirmed, and potential, exploration activity in Senegal over the next 5 years.

Exxon Mobil to Drill Offshore Post-Ebola Liberia
Friday, November 13, 2015 Exxon Mobil plans to start drilling in Liberia now that the country's recent Ebola epidemic has come to an end.

Kosmos Energy: 'Significant' Gas Discovery at Marsouin1 Well in Mauritania
Thursday, November 12, 2015 Kosmos announces that a "significant" gas discovery has been made at the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania.

Bowleven Operating Loss Widens, Pledges 'Significant' Activity in 2016
Tuesday, November 10, 2015 Bowleven's operating loss widens to $87.8 million as the company pledges to carry out "significant" operational activity in 2016.

Sterling Energy Seeks Growth Following EBITDAX Loss
Monday, November 09, 2015 Sterling Energy pledges to seek growth and build a "diverse exploration portfolio", following a loss of $2.11 million at the adjusted EBITDAX level in the third quarter of 2015.

SacOil to Join Bioko Oil Terminal Partners
Monday, November 09, 2015 SacOil will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund to develop the Bioko Oil Terminal tank farm in Equatorial Guinea.

Statoil Could Lose 5% of Agbami Interest Following Expert Calculation
Friday, November 06, 2015 Statoil's equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17% following an expert calculation of revised tract participations for the field.

Golar Signs Contract to Supply FSRU for WAGL's Ghana LNG Imports
Thursday, November 05, 2015 Golar LNG signs contract to supply West African Gas Limited with a floating storage and regasification unit to support its liquefied natural gas import operations in Ghana.

British Oil Company Soco Says No Longer Holds Congo Block Permit
Tuesday, November 03, 2015 Soco International says it no longer holds the exploration licence for a block in eastern Democratic Republic of Congo.