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China Railway International Group has said that construction of a 132kV transmission line from the Société de Raffinage de Zinder (Soraz) refinery to Zinder, Maradi and Malbaza will be finished in three months. The Chinese company is building the line under a contract awarded by Société Nigérienne d’Electricité (Nigelec). The line is intended to take surplus power from the refinery and supply it to the Nouvelle Cimenterie du Niger cement plant which is being built at Malbaza. The transmission project is being financed with a $73.3m concessional loan from the Export-Import Bank of China signed in November 2013.

Niger
Subscriber

Total’s Luiperd well on Block 11B/12B is now expected to spud in Q3 to follow up the Brulpadda discovery, slightly later than the previous spud date of June. Licence partner Africa Energy Corporation said in its Q1 results that the Odfjell Deepsea Stavanger semi-submersible rig was in dry dock in Bergen for maintenance and modifications in preparation for the upcoming drilling campaign.The rig is expected to mobilise from the North Sea to South Africa in Q2 to spud the Luiperd well in Q3.“

South Africa
Subscriber

Eskom was a key beneficiary of the flurry of contracts whose announcement accompanied President Nicolas Sarkozy’s state visit in February.

Kenya | South Africa
Subscriber

The government is considering various options to increase the capital of Rwanda Energy Group (REG) in order to finance planned infrastructure development. Corporate communications adviser Prosper Mubera Birori told African Energy one possibility was to bring in a strategic investor who would acquire an equity stake in the group as a whole, or in REG’s Energy Utility Corporation Limited (EUCL) subsidiary, which is responsible for the operation and maintenance of the existing generation plants, the transmission and distribution network, and selling electricity to end-users.

Rwanda
Subscriber

DR CONGO: Oil Ministry to meter production; EQUATORIAL GUINEA: CNOOC rig contract; ETHIOPIA: Aero survey plans; LIBYA: More RWE discoveries; LIBYA: Hellenic sells up; LIBYA: Punj Lloyd rig contract; NAMIBIA: Seismicl plans; SIERRA LEONE: Elixir hits snag on SL-4; TUNISIA: Ashtart upgrade contract

DR Congo | Namibia | Sierra Leone | Libya | Ethiopia | Equatorial Guinea | Tunisia
Subscriber

Nigeria has sold a $1bn US dollar bond on the international market, finance minister Ngozi Okonjo-Iweala announced on 3 July. It is the country’s first move into the international capital market since selling a €500m Eurobond in 2011. The US dollar bond offered in two categories, a $500m five-year bond at 5.375% interest rate and a $500m ten-year bond at 6.625%, was four times oversubscribed.

Nigeria
Subscriber

Sonatrach’s ability to supply enough gas to meet its international contracts continues to be the subject of speculation in the international markets. Sales to southern Europe have fallen sharply in recent years, mainly as a result of mutually agreed reductions in offtake. So the extent to which production bottlenecks may create greater problems for Algeria’s clients in Italy, Spain and elsewhere in Europe continues to be a matter of conjecture. However, what is certain is that pipeline exports are relatively far down Algeria’s list of priorities for gas usage. The current focus for concern over supplies is Spain. A financial source warned African Energy in early June that “infrastructure issues and local demand” might “start to impact gas exports from Algeria into Spain quite meaningfully”.

Algeria
Issue 398 - 30 August 2019

South Sudan: CNPC finds oil in Block 3

Subscriber

A consortium led by China National Petroleum Corporation (CNPC) has announced an oil discovery near the Adar oilfield in Block 3. New oil minister Awow Daniel Chuang told Platts the discovery was estimated to contain 300m barrels of recoverable oil.The discovery could potentially be tied back to the nearby Adar production facilities, from where oil is sent to a central processing plant at Paloch, then piped north to Port Sudan for export.

South Sudan
Subscriber

Higher oil revenues and settlements with vulture funds have given Republic of Congo the space to bow to Bretton Woods demands for more transparent accounting for petroleum income, writes Paul Melly.

Congo Brazzaville
Subscriber

Operator Cairn Energy has recovered oil samples in the Fan-1 exploration well. Partner FAR said elevated gas and fluorescence had been encountered in a shallow secondary target and the presence of oil was confirmed by an intermediate logging programme. Oil samples from a thin sand were collected for further analysis. On 27 August, the well had reached a depth of 4,402 metres, and was drilling ahead to planned total depth of 5,000 metres. Cairn expects to complete the well by the end of September, then move the rig to the SNE-1 well location, the second well of a two-well programme offshore Senegal.

Senegal
Subscriber

Licence holders and developers are still awaiting clarification on how bidding for the first round of tendering under the Renewable Energy Feed-in Tariff (Refit) mechanism for renewables projects will work, weeks after officials suggested that competitive bidding based on price, rather than the expected fixed tariff formula, might now apply

South Africa
Subscriber

President Nana Akufo-Addo has described energy supply as the most difficult problem facing Ghana, and has announced a review of existing power purchase agreements (PPAs). In his first state of the nation address on 21 February, Akufo-Addo told parliament the sector’s key problem was the cost of energy, and highlighted the growing debt burden of the various state companies. He said that, while power from the Akosombo dam cost $0.03/kWh to produce, the business tariff of $0.42/kWh was more than ten times the average in West Africa.

Ghana
Subscriber

Three of the biggest exploration programmes planned in Libya over the next period are now under way.

Libya
Subscriber

National Oil Corporation (NOC) chairman Mustafa Sanalla has unveiled a $60bn five-year investment plan to increase crude oil production from 1.25m b/d now to 2.1m b/d by 2024 and gas output to 3.5 bcf/d. Speaking at the Libyan British Business Council in Tunis on 26 November, he said that LYD15bn ($10.5bn) would come from state budgets and the remaining 80% from strategic investors.The first step is to spend a relatively modest $1.2bn to raise production to 1.5m b/d in 2020.

Libya
Subscriber

Subsea, pipeline and riser engineering and management contractor Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow and its partners through the execution phase of the Tweneboa, Enyenra and Ntomme (TEN) project in the Deepwater Tano licence.

Ghana