Dear colleagues, Congo Republic opened a call for oil license tenders in September. Congo's hydrocarbons minister and said on August 8th, 2018, this is Congo's first licensing round. Interest in the tender will act as a bellwether for the country's oil reserves and production now that higher prices have made drilling more viable. The statement said that the licensing round would last until June 30, 2019. Meanwhile, Tullow Oil expects the drillship Maersk Venturer to start development drilling by this year on the deep water TEN and Jubilee field offshore Ghana. Tullow Oil is also interested in new oil blocks off Ghana’s coast as part of the British explorer’s plans to consolidate its operations in the West African nation. Tullow is leading two operations offshore Ghana, including the country’s flagship 100,000 barrel-per-day Jubilee field, which began commercial production in late 2010. |
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