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July 2008
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Welcome to this month's newsletter. An index of this edition's articles are presented in the right-hand column.
- Thought leadership -
Review of E&P activity in Africa
We recently presented a review of African E&P activity at the July MMEA Scout Group Meeting in London. Anna Andersen, Senior Manager in Petroleum Services, reviewed Africa's position within the global energy context and on the new ventures agenda. Anna's presentation highlights areas of recent activity in licensing rounds, seismic and surveying, exploration drilling, discoveries, developments and examples of M&A deals.
The Review of E&P Activity in Africa was first presented at APPEX in March and was updated with recent activity for the July MMEA Scout Group Meeting.
A Review of E&P Activity in Africa is now available to download on our website. (PDF | 3.8MB | 35 slides)
- Technical -
New Caspian and North Asia wall maps and Africa pocket map
Our Caspian and North Asia wall maps (A1 size) and Africa pocket map (A3 size) were updated this month with data from PetroView and are now available online.
These maps form part of our popular series of maps, which are available for you to download and print at no cost.
Alternatively, to request a printed copy, please fill in our contact us form stating clearly which maps you require.
- Topical -
Licensing rounds:
Seventh International Exploration and Production Licensing Round Algeria
On July 14th, 2008, Algeria's National Agency for the Valorization of Hydrocarbons (ALNAFT) launched the highly anticipated Seventh International Exploration and Production Licensing Round. Pre-qualified candidates are invited to bid for acreage across 16 zones containing 45 blocks covering an area of 143,257 square kilometres. The zones, which are distributed throughout sedimentary basins across the country, are said to be offering high potential.
The deadline for bids is December 3rd, 2008 at 09:00 hours GMT. Contract signing is expected on December 17th, 2008. Pre-qualified companies can bid as either an operator or an investor. There was a general presentation to interested companies on July 26th, 2008 in Algiers. Data rooms will then be available in two sessions August 2nd-13th, 2008 and October 1st-15th, 2008.
The July 2008 PetroView North Africa update contains the Algerian Seventh Licensing Round table, covering the 16 zones on offer and can be loaded from the catalogue.
For further analysis of Algeria's latest bidding round, including a breakdown of the acreage on offer, please visit the Licensing Round section of our website.
For further information on Algeria's prospectivity, please visit Algeria's Ministry of Energy and Mining website.
Third Faroese Licensing Round
On July 11th, 2008, the Minister of Fishery and Natural Resources invited interested companies to apply for hydrocarbon exploration licences under the Third Faroese Licensing Round. The acreage on offer lies to the east, south and south-west of the Faroe Islands and covers a total of 38,405 square kilometres.
When awarding exploration licences, emphasis will be placed on the work programmes that the applicants are willing to undertake. In addition, it is important that the Faroese industry is given an opportunity to participate in the activities to allow hydrocarbon exploration and production to contribute to a more diversified business community.
Applications must be submitted to Jarðfeingi (Faroese Earth and Energy Directorate) by November 3rd, 2008 and the Minister intends to award licences by the end of 2008.
The July 2008 PetroView NW Europe update contains the Third Faroese Licensing Round table, named FO_OFS_3RND_ANN.TAB, which can be loaded from the catalogue.
For further analysis of the Faroese Licensing Round, including a breakdown of the acreage on offer, please visit the Licensing Round section of our website.
For further information on the licensing round, please visit Jarðfeingi's website.
Events:
HGS Technofest 2008
On August 12th, 2008, we will be exhibiting at HGS Technofest 2008, which is being held at the Westin Galleria, Houston, Texas.
The exhibition provides the perfect showcase for the latest hardware and software for the energy industry.
Please visit us at stand number five to review the latest release of our products, such as PetroView and PetroScope.