Search results for: LB-13

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  • 27 September 2017
    Project & Tenders

    Canadian Overseas Petroleum Limited (COPL) has not to give up on the Liberian offshore oil and gas space after a recent duster with the Mesurado well in partnership with ExxonMobil. While the current production sharing contract (PSC) for LB-13 block with ExxonMobil and COPL – where the well was drilled –  was terminated effective September […]

  • 27 November 2014

    Canadian Overseas Petroleum Limited along with its partner, ExxonMobil, remain committed to completing their work program and obligations under the LB 13 amended and restated Production Sharing Contract (“PSC”) dated March 31, 2013 when the situation (with Ebola) in Liberia improves, the Canadian oil firm said today.   COPL said that Nigeria’s NOCAL and ExxonMobil, […]

  • 17 November 2011
    Business & Finance

    Canadian Overseas Petroleum Limited  has signed an Asset Acquisition Agreement with ExxonMobil Exploration and Production Liberia Limited, with respect to the onward sale of certain of the interests in Block LB-13  offshore Liberia which, as previously announced on May 18, 2011, COPL B has agreed to acquire from the current owner. Under the terms of […]

  • 8 April 2013
    Business & Finance

    Exxon Mobil Corporation announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than 625,000 acres (2,500 square kilometers) offshore Liberia in water depths ranging from 250 to 10,000 feet (75 to 3,000 meters). ExxonMobil Exploration and Production Liberia Limited and […]

  • 2 June 2015
    Business & Finance, Project & Tenders

    Canadian Overseas Petroleum Limited (COPL) has said today that along with its partner ExxonMobil, it remains committed to completing the work program offshore Liberia. This is related to obligations under the Liberia Block 13 amended and restated Production Sharing Contract (PSC) dated March 31, 2013, plagued by the Ebola Crisis in the country. COPL says that National […]

  • 19 April 2012
    Business & Finance

    Canadian Overseas Petroleum Limited (COPL) announces that the National Oil Company of Liberia (“NOCAL”) has written to advise of its acceptance, in-principle, of the previously announced proposed joint venture arrangement in the Production Sharing Contract (“PSC”) governing Block LB-13 offshore Liberia. As previously announced, it is proposed that immediately following completion of the assignment of […]

  • 24 September 2015
    Project & Tenders

    ExxonMobil has set a timeframe for drilling of a long-delayed wildcat well in Block LB-13, offshore Liberia, for late 2016 to early 2017.  Canadian Overseas Petroleum Limited (COPL), a partner in the project, said on Wednesday it had received Work Program and Budget for 2016 from ExxonMobil (the operator). This Work Program is the operator’s best estimate […]

  • 11 March 2013
    Business & Finance

    Canadian Overseas Petroleum Limited, and its wholly owned subsidiary, Canadian Overseas Petroleum Bermuda Limited, announce that a Restated and Amended Production Sharing Contract (“PSC”) for Block LB-13 offshore Liberia has been agreed with ExxonMobil Exploration and Production Liberia Limited (”ExxonMobil”) and the National Oil Company of Liberia (“NOCAL”). The President of Liberia, Ellen Johnson Sirleaf, […]

  • 23 November 2016
    Exploration & Production, Project & Tenders

    Oil giant ExxonMobil started drilling operations on the Mesurado-1 exploration well offshore Liberia on Tuesday, November 22, 2016. According to Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company and a partner in the project, Exxon is utilizing Seadrill’s 2014-built drillship West Saturn. The well, targeting oil in Late Cretacous sands, is […]

  • 8 May 2017
    Project & Tenders

    Canadian Overseas Petroleum Limited (COPL) is not giving up on the Mesurado-1 well offshore Liberia. To remind, the well, drilled by COPL’s partner ExxonMobil, was declared dry in December 2016. COPL on Friday said it continued to interpret the data collected from the Mesurado-1 well. The well is located about 80 kilometers offshore Liberia on […]

  • 1 July 2011
    Business & Finance

      Canadian Overseas Petroleum Limited  has been informed by Peppercoast Petroleum plc (“Peppercoast”) that discussions continue with The National Oil Company of Liberia (“NOCAL”) and the Government of Liberia regarding the requisite approval for the closing of the Sale and Purchase Agreement of Block LB-13 offshore Liberia from Peppercoast to COPL. Given the complexities involved […]

  • 19 December 2016
    Exploration & Production

    Exxon Mobil has failed in its effort to find oil offshore Liberia. According to Canadian Overseas Petroleum Limited, ExxonMobil’s partner in the Mesurado-1 well, the well is dry. Drilling started on the Mesurado-1 exploration well on November 21, 2016 utilizing the West Saturn drillship owned by Seadrill. The Mesurado-1 well is located about 50 miles offshore Liberia […]

  • 10 April 2013
    Business & Finance

    Canadian Overseas Petroleum Limited (COPL), has appointed Christopher McLean as Chief Financial Officer effective immediately. McLean has been a director of COPL since 2010 and was most recently the President of Stonechair Capital Corporation. He will remain a director of the Company but has stepped down from his role as Chair of the Audit Committee. […]

  • 23 July 2014
    Business & Finance, Operations & Maintenance

    Canadian Overseas Petroleum Limited, the offshore West Africa focused oil exploration and development company, provides corporate and operational update. Highlights As part of COPL’s strategy in West Africa the company is providing an update on some of its activities as it expands its regional footprint: Liberia ·     COPL and its partner continue to advance the […]

  • 31 March 2014
    Business & Finance

    Canadian Overseas Petroleum Limited, the offshore West Africa focused oil and gas exploration and development company, has provided a corporate and operational update. London Listing COPL has received approval from the UK Listing Authority for the publication of a prospectus relating to its admission to the standard listing segment of the Official List, and to […]

  • 19 October 2016

    U.S. oil giant Exxon Mobil is reportedly set to begin drilling operations in its license offshore Liberia. According to Reuters, which cited the company’s spokesperson, the drilling operation in Exxon Mobil’s Liberia-13 deepwater block, is expected to start in November 2016. Exxon Mobil acquired an 80 percent stake in LB-13 back in 2013 from Canadian […]

  • 11 August 2017
    Project & Tenders

    Canadian Overseas Petroleum Limited (COPL), an international oil and gas company focused on offshore West Africa, has been in talks over raising funds for the appraisal project at OPL 226 off Nigeria. COPL said in its second quarter results presentation on Thursday that the company continued to source funds for its appraisal and development project […]

  • 23 July 2015
    Business & Finance

    Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on sub-Saharan offshore Africa, has reported that its Chief Financial Officer (CFO) Christopher McLean, has stepped down, and has resigned from the Board of Directors effective July 21, 2015. COPL notes that McLean’s resignation as CFO of the company is […]

  • 14 April 2015
    Business & Finance

    Canadian Overseas Petroleum Limited (COPL), has said that its Chief Financial Officer Chris McLean has taken a leave of absence duo to health issues.  The independent oil company, focused on West Africa, explained that McLean was involved in a road traffic accident, and “it is not known when his health condition is going to improve.” The CFO position […]

  • 3 October 2014

    Ebola virus that has been sowing death throughout west Africa for months is affecting ExxonMobil’s offshore Liberia drilling plans.   As Reuters reports, Rex W. Tillerson, ExxonMobil CEO yesterday said: “We had some drilling plans for some blocks offshore West Africa in Liberia. We are having to look at when it would be prudent to resume […]

  • 26 February 2015
    Business & Finance

    Canadian Overseas Petroleum Limited has announced details of the joint venture partnership it has entered into with Shoreline Energy International Limited (Shoreline), a conglomerate with interests across sub-Saharan Africa including interests in oil & gas and power generation.  In line with the company’s stated strategy to diversify and balance its asset portfolio, the partnership with […]

  • 19 August 2014

    Kenworth Truck Company is adding a natural gas option for the Kenworth T880, the company’s flagship vocational truck. The Kenworth T880 day cab and 52-inch mid-roof sleeper configurations now can be specified with the factory-installed Cummins Westport ISX12 G 400-hp natural gas engine with 1,450 lb-ft of torque. The ISX12 G is available with manual, […]