Anadarko Petroleum Corp. (NYSE:APC) should be ready to start it first drilling at the Venus offshore oil field in December, according to the energy minister of Liberia.
Eugene Shannon, minister of land, mines and energy, said at an energy conference in Africa, "We are looking forward to December to have the first well drilled in Venus Basin by Anadarko."
In September 2009, Anadarko announced they had made a major find off the Sierra Leone coast, which had the potential to open up a gigantic oil business in West Africa.
Billions of barrels of oil could be in the region, where the consortium, led by Anadarko, and including Tullow Oil (OTC:TUWLF), among others, could tap into for years.
Showing posts with label Liberia. Show all posts
Showing posts with label Liberia. Show all posts
Tuesday, September 28, 2010
Friday, September 10, 2010
Chevron (NYSE:CVX) Starting Deepwater Exploration off Liberia
Huge oil finds in recent years have attracted oil companies to Liberia, and Chevron (NYSE:CVX) is the latest to be granted approval to explore off the coast of the West African nation.
Chevron vice-chairman George Kirkland says on the company's website, "We are very pleased to participate in Liberia's emerging energy sector.
"Entry into this large prospective offshore area allows us to advance our growth strategy for the region."
Chevron has been given a 70 percent interest in the three blocks they were awarded, which entail about 3,700 square miles.
Through its Liberian subsidiary, Chevron will launch the three-year exploration program in the fourth quarter of 2010.
Chevron vice-chairman George Kirkland says on the company's website, "We are very pleased to participate in Liberia's emerging energy sector.
"Entry into this large prospective offshore area allows us to advance our growth strategy for the region."
Chevron has been given a 70 percent interest in the three blocks they were awarded, which entail about 3,700 square miles.
Through its Liberian subsidiary, Chevron will launch the three-year exploration program in the fourth quarter of 2010.
Wednesday, September 1, 2010
Chevron (NYSE:CVX) Signs Deepwater Offshore Deal with Liberia
In a offshore deepwater exploration deal, Chevron (NYSE:CVX) have been granted three deepwater concessions by Liberia to explore for oil off its coasts.
President of Liberia, Ellen Johnson Sirleaf, said about the deal, “We are delighted to welcome Chevron as a partner for Liberia to explore our oil and gas assets. Along with its investment, Chevron will bring the latest technologies, best practices in transparency and efficiencies, and an excellent record of community and social responsibility."
Anadarko Petroleum Corp. (NYSE:APC), among a number of other exploration companies, have also been awarded exploration rights.
A government statement said Chevron should begin exploration sometime in the fourth quarter.
President of Liberia, Ellen Johnson Sirleaf, said about the deal, “We are delighted to welcome Chevron as a partner for Liberia to explore our oil and gas assets. Along with its investment, Chevron will bring the latest technologies, best practices in transparency and efficiencies, and an excellent record of community and social responsibility."
Anadarko Petroleum Corp. (NYSE:APC), among a number of other exploration companies, have also been awarded exploration rights.
A government statement said Chevron should begin exploration sometime in the fourth quarter.
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