{"id":20683,"date":"2022-08-03T13:05:53","date_gmt":"2022-08-03T13:05:53","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch"},"modified":"2022-08-03T13:24:09","modified_gmt":"2022-08-03T13:24:09","slug":"8-west-african-oil-and-gas-discoveries-to-watch","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch","title":{"rendered":"8 West African Oil and Gas Discoveries to Watch"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Liberia. <\/strong><\/span>With almost 60% of recent discovered reserves by volume, west Africa is by far the largest contributor to the continent\u2019s hydrocarbon future. The region\u2019s top three freshly uncovered reserves alone \u2013 Senegal\u2019s Yakaar-Teranga, Mauritania\u2019s Orca and Ivory Coast\u2019s Baleine \u2013 boast some 3.6 billion barrels of oil equivalent between them.<\/p>\n<p>This September, pan-African industry powerhouses will convene for the MSGBC Oil, Gas &amp; Power conference and exhibition at the height of the basin\u2019s gas rush, co-writing a robust future for African energy that develops Africa as over 50 fresh offshore blocks come up for bidding.<\/p>\n<p>Thus, with this in mind and over 50 trillion cubic feet (tcf) of gas already discovered in the region, here are the top eight west African oil and gas mega-discoveries of the past five years to watch.<\/p>\n<p>Senegal: Yakaar-Teranga Discovery<\/p>\n<p>A bp-Kosmos joint venture discovered 20 tcf of natural gas in Yakaar-Teranga development, located in the Cayer Profond deep water offshore block in Senegal at 3,000 meters depth. Final Investment Decision (FID) is expected by the end of the year with production tentatively slated for 2024 following the 2017 discovery, initially capped at 150 million cubic feet per day.<\/p>\n<p>Mauritania: Orca Discovery<\/p>\n<p>Also owing to bp and Kosmos\u2019 partnership, the Orca discovery made in 2019 revealed 13 tcf of natural gas at 2,500 meters depth in Mauritania\u2019s C-8 offshore block. A testament to bp\u2019s 100% discovery drilling success rate in Senegal and Mauritania, Orca\u2019s FID waits on Greater Tortue Ahmeyim and Yakaar\u2019s.<\/p>\n<p>Ivory Coast: Baleine Discovery<\/p>\n<p>Discovered in Eni\u2019s first ever Ivory Coast prospect well, CI101 Block\u2019s Baleine holds two billion barrels of light oil and 2.4 tcf of gas at 1,200 meters depth, 60km offshore. Early production is expected by Q4 2023 \u2013 the first net zero emission project for the industry.<\/p>\n<p>Ghana: Afina Discovery<\/p>\n<p>Ghanaian firm Springfield Energy announced the Afina discovery in 2019, with the prospect holding up to 650 billion barrels of crude and 0.7 tcf of gas, discovered in the West Cape Three Points Block 2 in November 2019. Production waits the green light from federal government.<\/p>\n<p>Angola: Agogo Discovery<\/p>\n<p>Agogo is a deep-water oil and gas field currently being developed by Eni\u2019s joint venture with Sonangol and SSI Fifteen. Agogo sits at 1,700 meters depth, 180km off Angola\u2019s coast with one billion barrels of light oil in production at 20,000 barrels per day (bpd). It was discovered in March 2019 and is located in Block 15\/06.<\/p>\n<p>Angola: Ndungu Discovery<\/p>\n<p>Product of the same Angolan Eni consortium, Ndungu holds 800 million to one billion barrels, located 130km offshore Angola and sharing Agogo\u2019s block. Production started in February 2022 via the 100,000 bpd Ngoma Floating Production Storage and Offloading vessel, with a second producer well coming online by the fourth quarter of this year.<\/p>\n<p>Ghana: Nyankom Discovery<\/p>\n<p>AGM Petroleum made an oil discovery in its South Deepwater Tano (SDWT) block offshore Ghana. Dubbed the Nyankom discovery, the find boasts 127 million barrels of proven oil reserves with an estimated 400-650 million more in its immediate surrounds. Currently, the Ghana National Petroleum Company is moving to acquire a 70% in Nyankom\u2019s SDWT Block and a 37% share in the CTP Block holding the Afina discovery.<\/p>\n<p>Gabon: Ivela Discovery<\/p>\n<p>In 2018, Spain\u2019s Repsol and Australia\u2019s Woodside made a sizeable discovery in the Ivela-1 exploration well, located in the Luba Muetse block, offshore Gabon. According to the companies, the rig encountered a 78-meter column of crude oil. A partnership with seismic surveyor Spectrum is assisting in mapping the field pre-production.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/liberia\">Liberia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Liberia. With almost 60% of recent discovered reserves by volume, west Africa is by far the largest contributor to the continent\u2019s hydrocarbon future. The region\u2019s top three freshly uncovered reserves alone \u2013 Senegal\u2019s Yakaar-Teranga, Mauritania\u2019s Orca and Ivory Coast\u2019s Baleine \u2013 boast some 3.6 billion barrels of oil equivalent between them. This September, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":20682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-20683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>8 West African Oil and Gas Discoveries to Watch - Liberia<\/title>\n<meta name=\"description\" content=\"With almost 60% of recent discovered reserves by volume, west Africa is by far the largest contributor to the continent\u2019 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8 West African Oil and Gas Discoveries to Watch\" \/>\n<meta property=\"og:description\" content=\"With almost 60% of recent discovered reserves by volume, west Africa is by far the largest contributor to the continent\u2019 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-03T13:05:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-03T13:24:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/08\/postQueueImg_4-62ea76dbe1146.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1513\" \/>\n\t<meta property=\"og:image:height\" content=\"1008\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"8 West African Oil and Gas Discoveries to Watch\",\"datePublished\":\"2022-08-03T13:05:53+00:00\",\"dateModified\":\"2022-08-03T13:24:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\"},\"wordCount\":589,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/08\/postQueueImg_4-62ea76dbe1146.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/8-west-african-oil-and-gas-discoveries-to-watch\",\"name\":\"8 West African Oil and Gas Discoveries to Watch - 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