More projects affected by double blow of coronavirus and oil price


In depth
Issue 416 - 29 May 2020 - By Thalia Griffiths | 6 minute read

While African exploration had been recovering from the last slump, 2020 could see no more than six or seven high-impact exploration wells drilled continent-wide. Tullow Oil has declared force majeure on its development in Kenya and Kosmos Energy has tweaked its exploration strategy to reduce risk and costs. In Namibia, the Venus well has been put off to later in the year, while BW Energy has written down the full value of the much-postponed Kudu development. Vantage Drilling has seen itsTopaz Driller rig terminated early by Vaalco Energy in Gabon, while Eni has declared force majeure on its contract for the Sapphire Driller in Republic of Congo.

Tagged with:

Pin Strategy & risk

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register