Gulf Oil and Gas accountACCOUNT

Sterling Energy Provides Operations Update

Source: www.gulfoilandgas.com 11/4/2010, Location: Asia

Share |
Sterling Energy Plc is issuing its Interim Management Statement for the period beginning 1 July 2010 and updated operations in Madagascar and Mauritania.

Cameroon
The Ntem Block, offshore Cameroon, remains in force majeure. Progress continues towards a resolution of the border dispute between the governments of Cameroon and Equatorial Guinea, but no specific timetable can be forecast. The Company currently holds 100% of the Ntem licence and expects to farmout a portion of its interest in exchange for being carried for its share of drilling costs.

Madagascar
The Rajoelina government, formed after the coup in March 2009, has not been recognised by its African neighbours or by many other governments. Sterling and ExxonMobil, our partner and the operator of the Ampasindava Block, will look for an improvement in the political situation before undertaking any significant expenditure.

The current exploration periods for both the Ambilobe and Ampasindava licences come to an end in November 2010. Sterling and Exxon are in discussions with OMNIS, the state oil company of Madagascar, with regard to an extension of both licences.

Exploration News in Cambodia >>

Brazil >>  4/18/2016 - Statoil together with operator Repsol Sinopec and partner Petrobras has completed the Gavea A1 well in the ultra-deep pre-salt block BM-C-33 in the Ca...
Denmark >>  4/18/2016 - The Danish part of the North Sea is a mature area with a well-developed infrastructure and continued exploration potential. This prefunded MultiClient...

Mexico >>  4/14/2016 - Mexico's oil regulator voted to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibi...
China >>  4/12/2016 - Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea to assert the country's...

Kazakhstan >>  4/11/2016 - Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has provided an update on operations at its flagship BNG asset. ...
Senegal >>  4/11/2016 - Gas has been discovered by FAR Limited and its partners in the BEL-1 well offshore Senegal. The BEL-1 well has also proven the northern extent of the ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Cambodia Oil & Gas 1 >> 

Oil & Gas Projects in Cambodia >>

More News

 

Oil & Gas Companies in Cambodia >>


Related Links

AF AM AZ BD BN CN GE HK ID IN IR JP KG KH KR KZ LK MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.