RE: AGM16 Apr 2023 15:04
Mind you we seem to be losing out because others seem to be considered more technically competent.
https://olive-energy.com/services.php
'A presentation from Olive Energy has talked about using unconventional techniques, demonstrated in the US, on marginal fields in Africa.'
So what was ZEN doing whilst this was going on?
'Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.'
How seriously does ZEN take these processes?
'The company faced an in-depth technical and financial review by the Ministry of Hydrocarbons, in February 2021. This was intended to determine whether Zenith was able to hold a 25-year licence on the Tilapia oilfield, under the Tilapia II licence.
At the time, Zenith said its next step would be to finalise and ratify the licence.'
This is a good read,
https://panmure.com/insights/zenith-drops-tilapia-oil-dream-shifts-to-debt-collections/
I wonder what conclusions Benin has come to, what technical presentation was given?
Will the same happen in Yemen as well with all these lucrative opportunities that others seem to have the better technical capabilities for.