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The government of South Africa has approved Africa Oil Corp's acquisition of a 20% participating interest in the Block 3B/4B Exploration Right from Azinam Ltd. by its wholly-owned subsidiary, Africa Oil SA Corp.
The results of the surveys in the Ceiba and Okume fields are due to become available in 4Q20.
The surveys will obtain critical seabed and sub-seabed information to facilitate the planning and emplacement of the Pecan subsea infrastructure and the FPSO ship.
Hurricane is planning an accelerated Lancaster Area work programme, focussed on drilling an additional production well on Lancaster in 2020.
The launch of Armada will initially add fifteen bespoke designed marine robots to Ocean Infinity’s current fleet of autonomous underwater vehicles.
The company has also appointed Chris Forde as its regional vice-president for Asia-Pacific.
The Thailand-based company intends to utilise the subsidiary as a vehicle to expand the provision of its subsea and related services into the UK North Sea.
The company will supply O-I with 1 PJ per annum for two years commencing 1 January 2021.
Following the agreement, Shell will assume the operation of the Fuerte Sur, Purple Angel and COL-5 blocks.
Rystad Energy has predicted that of the top 30 high-impact wells to be drilled in 2020, five are located in North America, seven in South America and six in Africa.
The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.
The company recorded underlying EBITDA of £8.8 million in 2019 (FY18 £8.7 million) after £1.1 million OPEX investment in global operations.