文档介绍：19 May 2009
Week 20
Issue 289
News
Afroil Analysis
Intelligence
AFRICA OIL & GAS MONITOR Published by
NewsBase

COMMENTARY 2 NEWS THIS WEEK…
Drilling into the numbers 2
Sonatrach defies reputation to capture
contractors’ attention 3 edown
MENTARY 5 Service costs have dropped substantially. This will
Bonny Light gains nearly US$ in benefit panies rich enough to press on
April 5 with plans, although there is a feeling that costs
INVESTMENT 7 could fall further.
InterOil sells Angolan stake to Iranian
company 7 Drilling prices are down and are expected to stay
Egypt awards offshore blocks, hopes for at low levels until 2010, when some sort of
foreign investment boost 7 recovery may begin. The rigs capable of working
Tullow eyes Ugandan farm-out 8 in the ultra-deepwater, though, are still in high
PERFORMANCE 8 demand. (Page 2)
Algeria’s energy earnings decline 8 The fall in service costs explains, in part, Algeria’s
Rwanda extends Vangold survey newfound enthusiasm for signing mega-contracts,
period 9 although Sonatrach must receive its share of
POLICY 9 praise for its bullish outlook. (Page 3)
Norway drops investigation into
StatoilHydro’s Libyan affairs 9
Conflict in the Niger es to the Egypt dishes out
boil 10 The recently concluded licence round has awarded
PROJECTS & COMPANIES 11 only four blocks, out of the seven on offer, but
Eni signs Belayim deal with Egypt 11 enthusiasm for the country appears solid.
Epsilon signs PSA in Ethiopia 11
Addax to finance exploration well in The awards went to a host of international
Gabon 12 operators, who are all old hands at Egypt. (Page 7)
Tower Resources gears up for Uganda
debut 12 Eni has also signed a US$ billion deal with
NEWS IN BRIEF 13 Egypt, mostly to overhaul the Belayim fields,
which are in decline. (Page 11)
CONFERENCES 20

For analysis mentary on these and ot