SOCO International

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SOCO International commences drilling at Baobab Marine-1 well

SOCO, an international oil and gas exploration and production company, announces that the Baobab Marine-1 ('BABM-1') commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo. The BABM-1 well, to be drilled ... Monday, February 8, 2016

SOCO International announces trading and operations update

SOCO, an international oil and gas exploration and production company, announces a trading and operations update to summarise the Company's current financial and operational status and to provide guidance in respect of the financial year ended 31 December 2015, the results for which are scheduled fo... Tuesday, January 26, 2016

Oil price, Ithaca, Ophir, Caza, Sundry-Fraccing-IOG-Soco-And finally...

Oil price Away for a couple of days in the North West and not much has changed on the oil price front. It is that time of the month that the agencies release their data and bulls and bears select random data to suit their book. No doubt that the bulls will find the IEA stats better reading than eit... Thursday, August 13, 2015

SOCO International commences production from the TGT H5 Platform, Vietnam

SOCO is pleased to announce that first oil and gas from the H5 Wellhead Platform of the Te Giac Trang field occurred on 10 August 2015 following perforation of the first of the H5 development wells. The start of production has been achieved more one month ahead of schedule and the H5 development pro... Thursday, August 13, 2015

Oil price, Soco, And finally...

Oil price A very quiet day all round today, hope for another tomorrow as there will likely be no blog as I will be in the Nottingham office... Crude rallied a bit yesterday, it might have been more but for the strong dollar, Fed officials are saying that subject to half decent Non-farm-payroll num... Wednesday, August 5, 2015

SOCO International provides results for the first half of 2015

SOCO today announces its Interim Results for the six months ended 30 June 2015. Ed Story, Chief Executive Officer, said: 'The main focus for 2015 has been the delivery of the H5 development with first oil now expected imminently, well ahead of the original September/October target. We continue to ... Wednesday, August 5, 2015

Oil price, Primeline, Northern, Sundry-Soco-Afren-Thalassa-Weir- And finally...

Oil price The rally in the oil price was impressive yesterday and continued overnight and in London this morning. Whilst there were a number of bullish factors at work such as the API stats (albeit they came after the US close) and the strong dollar it was also very much the case of believing what ... Wednesday, June 10, 2015

Oil price, Cairn, SOCO, Gulf Keystone, Sundry-Shell-Total-WoodMack-Hunting- And finally...

Oil price Brent performed better than WTI yesterday as markets worried about the EIA inventory stats due out after the close. In the end they were poor, reporting another stock build of 4.5m barrels not echoing the small but important draw from the API the day before. What was most interesting abou... Thursday, March 12, 2015

Oil price, Shell, Caza, SOCO, Sundry-BP-IGas-Petroceltic- And finally...

Oil price Are we about to capitulate one might ask? Although the market has stayed remarkably stable for all of two weeks the signs are not that good, el-Badri continues to say that the pain has to be taken before the gain but it might take one more shake out for the market to become more comfortabl... Thursday, January 29, 2015

SOCO International trading and operations update

SOCO International plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 12 March 2015. The information contained herein has not been audited and may be subject to further review. Ed Story, CEO of SOCO Inter... Thursday, January 29, 2015

Oil price, BP, SOCO, Sundry-Bowleven-NTOG-Egdon/Union Jack- And finally...

Oil price It was move down Monday as traders told me that in an extraordinarily illiquid market buyers stood off and let the price continue to fall. There is no obvious floor at the moment but the market should expect more pain, if you are a seller that is. The CEO of KNOC said yesterday that he th... Tuesday, December 9, 2014

ERC Equipoise completes its evaluation of the Block 16-1 Te Giac Trang field

SOCO International announces that ERC Equipoise ("ERCE") has completed its evaluation of the Block 16-1 Te Giac Trang field ("TGT") offshore Vietnam, which confirms the Company's long standing view of the size and production potential of the TGT field. Evaluation highlights:... Tuesday, December 9, 2014

SOCO International announces its Interim Management Statement

SOCO International plc today announces its Interim Management Statement relating to the period from 1 July 2014 to 12 November 2014. Operations Production averaged 13,598 BOEPD year to date through 31 October 2014; 2014 full year production now expected at 13,300-13,800 BOEPD due to higher-than-a... Thursday, November 13, 2014

Oil price, Weir Group, IGas, SOCO, Sundry-Amec-Iona Energy, And finally...

Oil price We are back down towards the lows after Saudi Arabia announced their December pricing policy yesterday. The market got a bit rattled and initially marked Brent up to around $86.40 but soon realised that within the 'formula' there was a discrepancy aimed at the US market. The thing... Tuesday, November 4, 2014

SOCO successfully completes testing exploration well Lidongo X Marine 101 ST1 well

SOCO International announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well ("LXM-101"). The well significantly exceeded pre-test expectations, reaching a pos... Tuesday, November 4, 2014

SOCO International completes drilling LXM-101 well

SOCO International announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has completed drilling the exploration well Lidongo X Marine 101 well ("LXM-101"). The well encountered oil in a clastics sequence in the Djeno sand formation with dri... Thursday, October 16, 2014

SOCO International announces interim results for the half-year to 30 June 2014

Operations Production averaged 13,960 BOEPD in the first half; 2014 full year production guidance remains 14-15,000 BOEPD TGT 2014 in-fill drilling programme is ongoing with 6 development wells to be drilled in 2014 TGT FPSO total liquids test to 140,000 barrels of liquids completed; the oil prod... Thursday, August 28, 2014
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