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Houston-based Sofec has announced that the development joint venture consisting of TechnipFMC and JGC Corporation has given it an engineering, procurement and construction contract to supply the turret mooring system for the Eni Coral South floating liquefied natural gas (FLNG) project. The FLNG facility will be designed to produce 3.4m t/yr of LNG and will be moored in 2,000 metres water depth in Area 4, offshore Mozambique. Eni and its partners announced a final investment decision for the project on 1 June.

Mozambique
Issue 324 - 27 May 2016

Egypt: EGPC licensing round blocks

Subscriber

The North Umbarka Block lies on the Mediterranean coast just north of the Umbarka and Khalda fields operated by Apache Oil Corporation through its Khalda joint venture with Egyptian General Petroleum Corporation (EGPC). Five concessionaires have previously held parts of the block and between them drilled 34 wells between 1967 and 2014, all of which were temporarily or permanently abandoned. A total of nine wells produced gas or oil shows or were deemed worthy of further study. The concessionaires also carried out five 2D and 3D seismic surveys over the past 23 years. These include Vegas (1993), IEOC (1998) Shell (1998), Apache (2007) and Hellenic (2008).

Egypt
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Golar LNG has agreed commercial terms and conditions with Perenco and state oil company Société Nationale des Hydrocarbures (SNH) for a floating liquefied natural gas export project. The Bermuda-registered company announced on 24 December that it had signed a heads of agreement with SNH and Perenco. Golar said the tolling agreement which defines the material commercial terms and conditions for the project is now subject to finalisation with SNH, and government approval. The midstream gas convention setting out the regulatory and fiscal regime governing FLNG operations in Cameroon is being progressed in parallel with the tolling agreement and is also now subject to finalisation with the government.

Cameroon
Issue 395 - 28 June 2019

Algeria: Portuguese gas supply deal

Subscriber

Sonatrach and Portuguese buyer Galp on 11 June signed agreements to continue the supply of 2.5bcm/yr of Algerian natural gas for another ten years. The deal was seen as a boost to Algeria’s under-pressure European take-or-pay supply contracts, continuing a sales agreement first signed in 1994.The Portuguese agreement follows the finalisation of a new long-term supply deal with Eni in May. Running to 2027, this was one of the last deals negotiated by Abdelmoumen Ould Kaddour before his sacking in April following the overthrow of ex-president Abdelaziz Bouteflika.

Algeria
Issue 337 - 22 December 2016

Rosneft farms into Zohr

Subscriber

The purchase of a 30% stake in Eni’s Shorouk concession by Russia’s Rosneft marks a significant increase in Moscow’s influence in North Africa, where the failure of United States and Western European policies over the past five years has left a geopolitical vacuum. The deal fits with Rosneft’s focus on international expansion under its chairman Igor Sechin – who is also an influential acolyte of President Vladimir Putin and worked as a military translator in Angola and Mozambique in the 1980s, and who is understood to have a good working relationship with US President-elect Donald Trump’s nomination for secretary of state, the former ExxonMobil chief Rex Tillerson.

Egypt
Subscriber

Italy’s Eni has announced a discovery on the Nooros East exploration prospect on the Abu Madi West licence and completed the Zohr 2X appraisal well on the Shorouk Block. The Nidoco North 1X well was drilled as a deviated well from the shore into the shallow offshore Nooros East field and encountered more than 43 metres of gas and condensates in sandstone layers of Messinian age. The well will be brought into production by end-March, enabling the Nooros area, which started production in September 2015 just two months after the initial Nooros discovery, to raise output to 45,000 boe/d.

Egypt
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Eni announced on 21 August that the Zohr gas field had reached the target plateau production of 2.7bcf/d set out in the plan of development five months ahead of schedule. A second 216km, 30-inch pipeline connecting the offshore subsea production facilities to the onshore treatment plant started up on 18 August. Together with the completion and optimisation of the plant treatment capacity, the new pipeline paves the way for an increase to 3.2bcf/d by year-end, Eni said.

Egypt
Issue 353 - 15 September 2017

South Africa: Sunbird wins EA for Ibhubesi

Subscriber

The Department of Environmental Affairs granted an Environmental Authorisation (EA) on 3 August for development of the Ibhubesi gas project. The EA authorises Sunbird Energy to install a production platform in Block 2A off the west coast of South Africa, as well as a 400km offshore production pipeline from the production platform to a southern shore-crossing site at Grotto Bay and a northern shore-crossing site at St Helena Bay East on the Saldanha Peninsula

South Africa
Subscriber

London-based Victoria Oil & Gas (VOG) has found more gas in the La-107 well on its Logbaba concession in Douala. The company said drilling had taken longer than expected due to a technical problem with the previous La-108 well, but completion, flow testing and network supply input was scheduled for Q3 2017. La-107, which is a twin of the Serepca La-104 well drilled in 1957, has so far encountered 35 metres of high permeability, high porosity gas-bearing sands in the Upper Logbaba formation, slightly more than expected based on the logs for La-104.

Cameroon
Subscriber

After more than two years of arbitration, the Paris-based International Chamber of Commerce has upheld RSM Production Corporation’s claim that it was unjustly divested of its 38% stake in the Victoria Oil and Gas (VOG)-operated Logbaba gas field onshore Cameroon in July 2011 for failure to pay its share of operating costs. However, while affirming RSM’s interest in the concession, the court ordered the company to “promptly” pay its arrears or risk default. In June 2011, London-based VOG said RSM, owned by Denver oilman Jack Grynberg, had failed to comply with a cash call served on 15 June, giving it 15 days to pay the outstanding balance.

Cameroon
Issue 350 - 14 July 2017

Sound Energy upbeat on Morocco

Subscriber

Sound Energy has announced a successful re-entry and test of the Koba-1 well on the Sidi Moktar licence. The well was drilled by Longreach Oil and Gas in 2013 but not tested. Sound said on 5 July it had successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir, where a five-metre interval was perforated at a depth of 1,406 metres. Sound has now temporarily suspended the well in preparation for a rigless extended well test, then hopes to move rapidly to production.

Morocco
Issue 402 - 25 October 2019

Nigeria: Seplat buys Eland for £382m

Subscriber

Nigerian independent Seplat Petroleum announced on 15 October that it had agreed to buy AIM-listed Eland Oil & Gas for £382m ($478m). The 166p/share price represents a premium of approximately 28.5% to the Eland closing price of 129.2p on 14 October. The offer has been recommended by the Eland board and is supported by its three largest shareholders, which hold about 59% of the company’s shares, Seplat said.

Nigeria
Issue 390 - 19 April 2019

Chevron eyes Mozambique tax windfall

Subscriber

Chevron’s proposed acquisition of Anadarko Petroleum will have little immediate impact on development plans for Mozambique Area 1, where a final investment decision is now expected in early May. The deal is mainly focused on Anadarko’s position in US shale and the Gulf of Mexico but will also expand and diversify Chevron’s liquefied natural gas (LNG) business and create a fourth supermajor alongside ExxonMobil, BP and Shell.

Mozambique
Subscriber

GE and Songas have completed upgrades to GE’s gas turbines at the Songas Ubungo power plant in Dar es Salaam. The upgrade of three LM6000PA and one LM6000PC aero-derivative gas turbines aims to increase the plant’s efficiency and reliability. Upgrades to the gas turbines were carried out under a multi-year agreement signed with Songas in 2017.

Tanzania
Free

The Logbaba power plant has begun delivering 30MW to the grid, fuelled by gas from Victoria Oil & Gas (VOG) subsidiary Gaz du Cameroun. VOG said on 23 April it had begun gas supply to the plant following the installation of gas-fired electricity generators by Altaaqa Global. GDC’s gas is also supplying the 20MW Bassa plant, which started up in March, and the new supply triggers take or pay conditions in a contract with state utility Eneo Cameroun signed in December 2014, which fixes guaranteed minimum take or pay gas consumption at $9/mBtu over the two-year contract term.

Cameroon