Eni
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The well is in the Orange Basin where Shell and TotalEnergies made significant oil finds on the Namibia side. -
New discoveries in the Meleiha concession add 8,500 BOE to production.
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With aggressive net-zero goals hanging overhead, countries are looking to fast-track low-carbon energy projects, and many are including nuclear in the mix.
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A successful appraisal well at the field has boosted reserves estimates as high as 1 billion barrels.
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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South Africa’s Sasol has nixed plans to invest in the proposed African Renaissance Pipeline, opting instead to import LNG by tanker from Mozambique where TotalEnergies, Eni, and ExxonMobil are developing projects.
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Early production from Ndungu expected at 20,000 B/D.
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Contract represents MODEC’s first project for Eni Mexico.
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High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work.
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Azule Energy, a new E&P company, will be independently managed and one of Angola’s largest oil producers.
