ADVERTISEMENT
Friday, February 3, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Involve Africa
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
Involve Africa
No Result
View All Result
ADVERTISEMENT
Home Energy & Environment

West Africa: Innoson Says Close to Huge Gas Find in Sierra Leone

Involve Africa by Involve Africa
May 15, 2022
in Energy & Environment
0
Kenya: Agriculture CS Says Coffee Farmers to Access Sh2.7 Billion Loan
585
SHARES
3.2k
VIEWS
https://web.facebook.com/involveafricanews?_rdc=1&https://twitter.com/involveafricanews


The company’s findings were confirmed from a rigorous hydrocarbon exploration campaign it conducted in the Sierra Leonean basin

The Innoson Oil & Gas limited announced Saturday it is on the verge of discovering a huge deposit of 8.2 trillion cubic feet (TCF) and 234 MMbbl of gas and condensate in its Sierra Leonean basin.

A statement by Cornel Osigwe, head of Corporate Communications of the company, said that an independent energy consulting firm, Ryder Scott Company, confirmed Innoson Oil & Gas Ltd’s findings from a rigorous hydrocarbon exploration campaign it had been conducting in the Sierra Leonean basin since 2020.

“IOG was awarded nine graticular provisional blocks in May 2020,” the statement said, adding that the following year, the parliament of Sierra Leone ratified a petroleum exploration and production license in favour of IOG as confirmed in a letter of conveyance to IOG in April 2021.

The company disclosed that the said the Sierra Leonean basin has a working petroleum system, corroborated by oil deposits encountered during previous exploration activities amongst others by Anadarko, Repsol, and Tullow Oil that achieved the Venus B1 discovery and Mercury wells.

Martin Nweke, IOG’s administrative director noted that boldness, and the willingness to deploy unconventional technology, constitute foundational propositions that drove the campaign of the industry novice.

The statement noted that with cost, time, and precision quintessential, the IOG exploration team led by Andrey Sergeev, Project Director and Chief Geologist, deployed a robust earth remote sensing (ERS) method for basin reconnaissance.

Sign up for free AllAfrica Newsletters

Get the latest in African news delivered straight to your inbox


Success!

Almost finished…

We need to confirm your email address.

To complete the process, please follow the instructions in the email we just sent you.


Error!

There was a problem processing your submission. Please try again later.

You might also like

Water ATMs were introduced in Ghana

Network Rail gets nod for Hele flood resilience project

DRC: what can Pope Francis do about oil projects in protected areas

Innoson said Saturday that a development opportunity is currently being appraised.

Similarly, the company said that asset evaluation, a field development plan, and the setup of a data room are vigorously pursued with the immediate objective to engage a partner with the financial strength, technological and management competencies to accomplish joint discovery, development, and production.

IOG says it has a 100% working interest on the prospect with a 10% carried, plus an optional 5% paid interest(s) for the state of Sierra Leone. Attractive fiscal and tax regimes by the state of Sierra Leone offer a flexible and robust environment for operations, it added.

Innoson Oil and Gas Ltd is a company under the IVM Innoson Group, a multi-dimensional business organization that has various business interests in automobile manufacturing and assembling, plastic production oil and gas, ICT, wood processing and hospitality.

The oil and gas company located in Uru Umudim, Nnewi, Anambra State was incorporated in 2019 as an expansion of Innoson Petrochemicals Ltd which has been in operation for 10 years.



Source_link

Previous Post

beyond bitcoin, the arm wrestling between Touadéra and France intensifies

Next Post

Algerian Character and Concept Artist Brahim Bensehoul – African Digital Art

Involve Africa

Involve Africa

Related Posts

Water ATMs were introduced in Ghana
Energy & Environment

Water ATMs were introduced in Ghana

by Involve Africa
February 2, 2023
Network Rail gets nod for Hele flood resilience project
Energy & Environment

Network Rail gets nod for Hele flood resilience project

by Involve Africa
February 2, 2023
DRC: what can Pope Francis do about oil projects in protected areas
Energy & Environment

DRC: what can Pope Francis do about oil projects in protected areas

by Involve Africa
February 1, 2023
Workonline Communications Establishes New Point-of-Presence in Nigeria
Energy & Environment

Workonline Communications Establishes New Point-of-Presence in Nigeria

by Involve Africa
February 1, 2023
whose job is it to clean up the mess?
Energy & Environment

whose job is it to clean up the mess?

by Involve Africa
January 31, 2023
Next Post
Algerian Character and Concept Artist Brahim Bensehoul – African Digital Art

Algerian Character and Concept Artist Brahim Bensehoul – African Digital Art

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

South African pharmaceutical spearheading development of vaccines

South African pharmaceutical spearheading development of vaccines

November 5, 2022
The environment is the silent casualty in the Cameroon Anglophone crisis

The environment is the silent casualty in the Cameroon Anglophone crisis

August 8, 2022

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Don't miss it

The Ultimate Route 66 Road Trip Guide
Travel

The Ultimate Route 66 Road Trip Guide

February 3, 2023
AFRICA NEWS ROOM • Afrique, Société : Le Sénégal et le poids économiques des confréries
News Videos

AFRICA NEWS ROOM • Afrique, Société : Le Sénégal et le poids économiques des confréries

February 2, 2023
Wireless Logic named a Leader in 2023 Gartner® Magic Quadrant™ for Managed IoT Connectivity Services, Worldwide
Business & Economy

Wireless Logic named a Leader in 2023 Gartner® Magic Quadrant™ for Managed IoT Connectivity Services, Worldwide

February 2, 2023
Deliver I Bonds Bought as a Gift in TreasuryDirect
Finance

Deliver I Bonds Bought as a Gift in TreasuryDirect

February 2, 2023
The road back home | FAO
Food & Agriculture

The road back home | FAO

February 2, 2023
7 South African travelogues you should read
Arts

7 South African travelogues you should read

February 2, 2023

Social Bar

Welcome to involve Africa The goal of involve Africa is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

The Ultimate Route 66 Road Trip Guide

The Ultimate Route 66 Road Trip Guide

February 3, 2023
AFRICA NEWS ROOM • Afrique, Société : Le Sénégal et le poids économiques des confréries

AFRICA NEWS ROOM • Afrique, Société : Le Sénégal et le poids économiques des confréries

February 2, 2023

INVOLVEAFRICA.COM

No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment

INVOLVEAFRICA.COM

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT