New Oil Discovery for Eni in Angola

first_imgEni has made the fifth oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place.The Agidigbo-1 NFW has been drilled by the West Gemini drillship in a water depth of 275 meters, and reached a total depth of 3800 meters.It proved a single hydrocarbon column composed by a gas cap of about 60 m and 100 meters of light oil with an oil down to. The hydrocarbons are contained in the Lower Miocene sandstones with good petrophysical properties. The discovery has further upside that will be proved by an appraisal campaign planned in early 2020.Due to its proximity to East Hub’s facilities and subsea network, which are at about 10km away, production from Agidigbo can be fast-tracked, thus extending the Armada Olombendo FPSO production plateau.Agidigbo is the fifth discovery of commercial nature since the Block 15/06 Joint Venture re-launched its exploration effort one year ago. It follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu.The five discoveries altogether are estimated to contain up to 1.8 billion barrels of light oil in place with possible upside.The Block 15/06 Joint Venture is composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).last_img read more

River iGaming suspends B2C operations

first_img Gaming Realms sells 70% in UK B2C assets to Norwegian investment firm June 27, 2018 Related Articles Share Share StumbleUponcenter_img Submit Gaming Realms agrees on takeover of Bear Group February 22, 2019 Malta headquartered River iGaming has announced a suspension of all B2C activities resulting in the redundancy of all individuals in the operation, with the firm establishing a “strong and dedicated” B2B focus during 2020.The company’s brands include Vegas Casino, Casonic, Spin Genie and Pocket Fruity and licences to run X Factor Games and Britain’s Got Talent Games.This move builds upon remarks by CEO Kent Staahle in the company’s Q3 presentation earlier this month, stating that developments in the igaming industry had taken “some significant turns” that were said to be “adversely affecting River iGaming’s operations”.With demand for B2B solutions “above expectations,” Staahle explained that “the market related to the company’s B2C brands has been very challenging, and the B2C business has performed significantly below communicated expectations, which is affecting the overall performance of the group in H2 2019”. Subsequently initiating and partially completing significant cost cuts.Providing a further update on developments since publishing the Q3 trading presentation, the group explains: “Since Q3 River has carried out a further strategic review of the B2C vertical and the group’s financial situation. River does not expect the market position in the B2C vertical to improve in the short to medium term, and the group’s liquidity situation has become challenging.“Notwithstanding the significant cost cuts announced in the Q3 report, the company considers that it is not in the best interest of the group to maintain the B2C vertical. Accordingly, the company has decided to suspend all B2C operations, resulting in redundancy of all persons employed in the B2C operations of the group.“Akur Capital, who had been engaged by the company to dispose of the B2C business (as announced in the Q3 report), will be focusing their engagement on finding acquirers of the B2C vertical’s assets.“In order to secure the short-term liquidity of the group, one of the company’s shareholders, Klein Group, has agreed to provide short term loans in the amount of up to €1.6m on market terms. The company is working to establish a viable long-term financing for the group.“River will during 2020 have a strong and dedicated focus on our B2B verticals and is working to expand this business through new business opportunities and partnerships. River Technologies and Mediafusion are both seeing strong interest in their business offerings.”last_img read more

Atletico trained under minimum after the debacle copera

first_imgJust four first team players, Savic, Vrsaljko, Lemar and Morata, plus goalkeepers Oblak and Adam, indicated the training at the command of Simeone, which was very high above his pupils during physical exercises. His sister and representative, Natalia Simeone, was present at Cerro del Espino.In the rain that accompanied the work session in Majadahonda, the squad was divided into several groups completed with a large number of quarry players. The footballers who completed the 120 minutes in the Kingdom of León held a regenerative session. For the match against Leganés, Simeone recovers Lemar and depending on how he evolves from his pubalgia he could also return Trippier, depending on whether you can train tomorrow with the group. Those who continue with their longer-term recovery processes are Giménez, Koke and Diego Costa. Atlético returned to work after the hard elimination lived yesterday against Cultural Leonesa, where in addition to the defeat, the rojiblanco team disputed an extension with little margin of recovery time thinking about the match against Leganés (Sunday, 12:00).last_img read more