Research and development to revive SA economy
SOUTH Africa has relaxed its tax laws to stimulate research and development (R&D) in oil, gas and mineral exploration at a time when new reserves are being discovered in sub-Saharan Africa almost on a daily basis.
Eni successfully drilled first oil delineation well of the Sankofa East oil discovery in offshore Ghana
Eni successfully drilled Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery in the Offshore Cape Three Points (OCTP) block, located in the Tano Basin offshore Ghana, around 50 km off the coast of Ghana. The result is important because it confirms the commercial standing of the oil discovery in the OTCP block and the strategic importance of the block for further industrial and economic development in the country.
Nigerian Offshore Oil and Gas Industry receives USTDA support
The U.S. Trade and Development Agency (USTDA) is helping Nigeria meet the logistical and engineering needs of its emerging offshore oil and gas industry by providing a grant to support the development of an electronic management platform.
USTDA Director, Leocadia I Zak, signed the grant on Dec. 28, 2012, which was conferred to the Integrated Logistics Free Zone Enterprise (LiLE), a private sector logistics provider in Nigeria.
Read more: Nigerian Offshore Oil and Gas Industry receives USTDA support
Tanzania: Addax Energy wins oil supply tender
GAPCO Tanzania Ltd emerged winner of tender to supply petroleum products for the month of February next year under the Bulk Procurement System (BPS).
This is the eighth tender since the introduction of BPS in January this year. Previously the tenders were being floated bimonthly but according to industrial watchers, this formulae had put local investors out of the business.
