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Issue 367 - 20 April 2018

Nigeria: AKK pipeline contracts

Subscriber

Nigerian National Petroleum Corporation (NNPC) has awarded two of the three contracts for the 614km Ajaokuta-Kaduna-Kano (AKK) gas pipeline, part of the Trans-Nigeria pipeline project which aims to extend gas supply across the country. The contracts cover engineering, procurement, construction, commissioning and financing of the $2.89bn AKK scheme.Lot 1, for a 200km stretch of 40-inch pipeline from Ajaokuta to Abuja Terminal Gas Station (TGS), was awarded to a consortium of Nigeria’s OilServ and Oando, with a contract value of about $855m.

Nigeria
Issue 353 - 15 September 2017

Nigeria: Mini LNG scheme

Subscriber

The Nigerian National Petroleum Corporation, the Total Exploration and Production Nigeria joint venture, Greenville Oil and Gas Limited and the Gas Aggregation Company of Nigeria Limited (GACN) signed a gas sale and aggregation agreement on 29 August for a private sector project to supply liquefied natural gas (LNG) to industrial users within Nigeria.Greenville plans to develop a mini LNG plant, which will take up to 74mcf/d of gas from OML 58 in Obite, Rivers State, for liquefaction and distribution to end users across Nigeria.

Nigeria
Subscriber

Algerian state oil and gas company Sonatrach now has eight vice-presidents – compared with just two (upstream and downstream) when chairman and chief executive (PDG) Abdelmoumen Ould Kaddour took over in 2017. While these changes are important indicators of the more commercial approach of which Kaddour is the champion, the broader organisation has historically proved resistant to reform. Previous PDGs have redrawn the corporate organogram in various ways without achieving any change in underlying performance.

Algeria
Free

Nigeria’s Oando says it has raised the necessary funds for its $1.65bn acquisition of ConocoPhillips’ Nigerian assets, due to close at end-January. Oando describes the deal as a “transformational opportunity” that will add 43,000 boe/d to the company’s production, which averaged 3,900 b/d in Q3 2013 from OML 125 and the Ebendo marginal field. The deal is being funded by a combination of bank loans, a 30.7bn naira ($191m) private placement, and the $250m sale of its East Horizon Gas Company affiliate to Seven Energy International. Oando paid a $435m initial deposit and an additional $15m in December.

Nigeria
Issue 331 - 04 October 2016

Nigeria: MoU for second Egbin gas plant

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Japan’s Marubeni has agreed to build a second gas-fired power plant at Egbin, in Lagos State. Marubeni said it had signed a memorandum of understanding for a new 1.8GW combined-cycle gas turbine plant on 28 August with the Egbin Power joint venture of Sahara Power and Korea Electric Power Corporation, which owns the existing 1.32GW plant. The Japanese Ministry of Economy, Trade and Industry invited Marubeni to carry out a feasibility study in December 2015 to support development of the project, and the Japan External Trade Organisation invited Egbin Power to Japan in June 2016.

Nigeria
Subscriber

Golar LNG Limited has announced a preliminary agreement and heads of terms with BP for front-end engineering design work on a floating liquefied natural gas vessel to support the development of Phase 1A of the Greater Tortue/Ahmeyim field. The agreement follows contracts with TechnipFMC for the floating production, storage and offloading vessel, and with McDermott International and Baker Hughes for the subsea element.

Mauritania | Senegal
Issue 391 - 03 May 2019

Kenya: Lamu Basin well finds gas

Subscriber

Zarara Oil & Gas has encountered sub-commercial gas with the Pate-2 well drilled on Pate Island in the Lamu Basin. The well was a re-drill of the Pate-1 well drilled by BP and Shell in 1970, which drilled into the top of a clastic sequence and flowed gas and water.Pate-2 was drilled to a total depth of 4,307 metres penetrating the primary Lower Tertiary Kipini objective.

Kenya
Subscriber

Italy’s Eni has launched an “ambitious exploration and development programme” in the Berkine Basin, which it said would “lead to the production of new gas reserves through the use and optimisation of existing infrastructures”. Chief executive Claudio Descalzi and his Sonatrach counterpart Abdelmoumen Ould Kaddour signed this and other agreements in Algiers on 17 April during an event organised by the Algerian state oil and gas company to promote technical and scientific innovation in the area of energy transition.

Algeria
Subscriber

Eni on 17 September announced the successful commissioning and start-up of production at the offshore Baltim South West gas field. With the start-up of the first well, BSW1, the field is now producing at an initial rate of 100mcf/d from a new offshore platform connected to the onshore Abu Madi gas plant through a new 44km, 26-inch pipeline. Five more wells are planned under the development programme with the aim of raising production to 500mcf/d by Q2 2020.

Egypt
Subscriber

Tlou Energy has announced a binding heads of agreement with the UK’s Independent Power Corporation (IPC) to develop a proposed coalbed methane (CBM)-to-power project of up to 100MW. Under the agreement, IPC and Tlou will jointly finalise work on a detailed proposal for submission to the Ministry of Mineral Resources, Green Technology and Energy Security for the supply of CBM power in modular stages, including negotiations with various third parties on the terms of an offtake agreement, network access and project funding.

Botswana
Subscriber

Recent moves by petroleum resources minister Emmanuel Ibe Kachikwu to boost the pace of promised reforms in the oil industry have been welcomed by indigenous companies frustrated at the slow pace of change. Earlier this month, the government reached an outline settlement with five big international oil companies (IOCs) operating in Nigeria over some $5bn of arrears owed by Nigerian National Petroleum Corporation (NNPC) for its share of joint venture costs from 2010-15. The arrears have been a significant factor in holding back fresh investment, along with policy uncertainty, which Kachikwu is also committed to addressing.

Nigeria
Subscriber

Former NamPower managing director Leake Hangala has said that plans to develop the Kudu gas-to-power project are a waste of time and money and Namibian officials leading the project are deceiving the government about its financial viability.Hangala’s remarks, made in the presence of mines and energy minister Isak Katali and trade and industry minister Calle Schlettwein at the Namibia Energy Policy Forum in Windhoek on 14 November, follow the decision by Tullow Oil and Itochu Corporation to hand back to the government control of the project, previously seen as the centrepiece of Namibia’s plans to address a looming power shortage.

Namibia
Subscriber

After several years of decline, Sonatrach claims it is putting its problems behind it. It expects to increase oil and gas exports by 10% to 108mtoe by the end of 2016, compared to 98.1mtoe in 2015. This year it expects to produce 69mtoe of oil and 132.2bcm of gas. This result is a reversal of recent trends. Presenting Sonatrach’s annual report on 27 June, president director-general Amine Mazouzi said that total production fell by just over 2% in 2015 to 191mtoe compared to 186.8mtoe in 2014.

Algeria
Subscriber

Azito Energie on 30 June marked the commercial start-up of phase 3 of its 430MW combined-cycle gas turbine (CCGT) power plant in Abidjan with a ceremony attended by President Alassane Ouattara. The original simple-cycle facility of 290MW has been converted to a 430MW CCGT power plant via the addition of a condensing steam turbine, powered by the gas turbines’ exhaust heat. Azito is now one of the most modern, efficient power plants in West Africa, and provides 25% of Côte d’Ivoire’s total electricity capacity.

Côte d'Ivoire
Issue 320 - 24 March 2016

Egypt: Brisk pace for Zohr appraisal

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Eni is powering ahead with appraisal of the Zohr gas discovery, with a successful production test of the Zohr 2X well and plans for three more wells this year. The well delivered up to 44mcf/d constrained by surface facilities, and is expected to have a production capacity of up to 250mcf/d. The well, the first appraisal well of the August 2015 Zohr discovery, was located 1.5km south-east of Zohr 1X and downdip of it, on the flank of the structure, in a water depth of 1,460 metres. Eni said the appraisal programme envisaged a further three wells this year.

Egypt