WorldOil Uganda pushes oil companies to carry on, even as Tullow plan fails Uganda is pressing the developers of its oil fields to commit to making a final investment decision this year, anxious to ensure that a failed plan by Tullow Oil to sell a stake in the project doesn’t stymie progress. VAALCO kicks off its offshore Gabon drilling campaign The objective of the Etame 9P appraisal wellbore is to test the Dentale reservoirs beneath the Etame field. VAALCO estimates that there could be up to 4.6 MM gross barrels of recoverable oil present in the Dentale reservoirs. ION announces new 2D multi-client program offshore West Africa ION Geophysical announced a new 2D multi-client program offshore West Africa. The industry-supported NamibeSPAN program covers the underexplored Namibe basin offshore southern Angola. First oil Another mixed outlook awaits the EandP sector OPEC’s Equatorial Guinea banking on a $700 million IMF deal by 2020 Equatorial Guinea wants to secure $700 million in support from the International Monetary Fund by January as the country seeks to help shore up central Africa’s common currency. Total suspends $3.5 billion pipeline project after Tullow deal collapses Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil’s oil fields in Uganda. Sonadrill JV scores $101 million Angola drillship contract Sonadrill, Seadrill Limited’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship. Airborne Oil and Gas secures TCP Flowlines contract with supermajor in West Africa Airborne Oil and Gas has been awarded a large contract from a supermajor through Oceaneering International to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. Nigeria can “easily” boost oil output next year, Kyari says Nigeria can easily boost its oil production next year to at least 2.5 MMbpd, according to the newly appointed head of the state oil company. Tax issues scuttle Tullow’s Uganda farm-down agreement The termination of this transaction is a result of being unable to agree all aspects of the tax treatment of the transaction with the government of Uganda, which was a condition to completing the sale and purchase agreements.