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Subscriber

US independent Noble Energy and Israel’s Delek Drilling, partners in Israel’s Leviathan and Tamar gas fields, have teamed up with Egypt’s East Gas Company to buy a 39% stake in the Eastern Mediterranean Gas Company (EMGC) for $518m.EMGC operates a 90km pipeline connecting the Israeli pipeline network from Ashkelon to the Egyptian pipeline network near El Arish. In February, Noble signed an export deal with Egypt’s Dolphinus Holdings to supply gas from the two offshore fields into the Egyptian market over ten years.

Egypt
Issue 318 - 25 February 2016

Egypt: Zohr development approval

Subscriber

The Ministry of Petroleum and Mineral Resources has given its approval for the Egyptian Natural Gas Holding Company to grant Eni the Zohr Development Lease, which allows for the development of the Zohr gas field in the offshore Shorouk Concession. Eni’s ambitious development plan envisages the start of production by the end of 2017, just two years after the discovery, with a progressive ramp-up to reach a volume of about 75mcf/d by 2019. “The quick realisation of such a large project will be possible through cooperation with Petrojet, Enppi and Saipem contractors, who have always contributed to the success of Eni’s development activities in Egypt,” Eni said.

Egypt
Subscriber

Springfield Exploration and Production has announced that the Afina-1 well on West Cape Three Points Block 2 contains 1.5bn barrels of oil in place and 0.7tcf of gas. Afina-1, which is located at a water depth of 1,030 metres, was drilled to a total depth of 4,085 metres and encountered light oil with a gross thickness of 65 metres, with 50 metres of net light oil pay in good quality Cenomanian sandstones.

Ghana
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The first big transaction in a predicted wave of industry consolidation prompted by the low oil price, the deal boosted the value of other rumoured bid targets such as Tullow Oil and Ophir Energy. Acquiring BG will increase Shell’s reserves by about a quarter and its production by some 20%, as well as delivering key assets in deep-water Brazil and the Queensland Curtis liquefied natural gas (LNG) project. Shell’s £47bn ($67bn) bid was priced at a 50% premium to BG’s share price, which has been depressed by concerns about the cost of its flagship Brazil and Australian projects, as well as controversy over the pay package offered to new chief executive Helge Lund.

Subscriber

Denham Capital-backed developer Neo Themis announced this month that it is the lead developer for the 550MW Kingline open-cycle gas project in Ondo State. The announcement is a boost for the Nigerian power generation sector, which has experienced a difficult few years as the Nigerian Bulk Electricity Trader (NBET) and distribution companies have struggled to achieve commercial sustainability. There has been some speculation that the ‘super ministry’ comprising housing, power and works could be broken up following the re-election of President Mohammadu Buhari.

Nigeria
Subscriber

The World Bank is considering support for Eni’s Sankofa oil and gas project on the Offshore Cape Three Points (OCTP) block. The proposed support package would include World Bank guarantees to support investments in phase 2 of the project, which will develop the Sankofa gas field, and an International Finance Corporation loan as part of a debt financing package for Vitol. Vitol has also applied for a $470m Multilateral Investment Guarantee Agency (Miga) guarantee against the risks of transfer restriction, expropriation, and breach of contract. Miga may also provide coverage for non-shareholder loans from commercial lenders yet to be identified.

Ghana
Free

The government will officially launch a new oil and gas licensing round, known as EG Ronda 2016, at the Africa Oil & Power conference on 6-7 June at the Westin Hotel in Cape Town. The Ministry of Mines, Industry and Energy said in October 2015 that it planned a bid round this year, offering all remaining deep and ultra-deepwater blocks. The last bid round in 2014 offered all the country’s open acreage, with four blocks next to existing discoveries offered for direct negotiation and the others for competitive bidding.

Equatorial Guinea
Issue 322 - 29 April 2016

Cameroon: Bomono licence extension

Subscriber

Edinburgh-based Bowleven has been awarded a one-year extension to the Bomono exploration licence, pending the final award of an Exploitation Authorisation. The application was submitted to the Cameroon authorities in December before the exploration licence expired, to enable development activities to go ahead. Approval has yet to be granted, but the extension ensures that the AIM-listed company’s interest in the acreage is maintained.

Cameroon
Subscriber

Vitol and Empresa Nacional de Hidrocarbonetos (ENH) on 17 September announced the launch of a joint venture commodity trading company, ENH Energy Trading. The company will initially be owned 51% by ENH and 49% by Vitol, but ENH’s share is expected to increase over time, a joint statement said. It will be based in Singapore to focus on marketing Mozambique’s gas to the growing Asian market.

Mozambique
Issue 381 - 22 November 2018

Angola: GECF membership

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Angola joined the Gas Exporting Countries Forum (GECF) as an observer member at the group’s 20th ministerial meeting in Port of Spain, Trinidad and Tobago, on 14 November. The other African members are Algeria, Egypt, Equatorial Guinea, Libya and Nigeria. The fifth summit of GECF heads of state and government will take place in Malabo in November 2019, the first time it has been held in Africa.

Angola
Subscriber

Anadarko Petroleum and its Area 1 partners have executed a sale and purchase agreement (SPA) with Japan’s Tohoku Electric Power Company Inc for the supply of 280,000 t/yr of liquefied natural gas (LNG) for 15 years. “This SPA further demonstrates the steady progress we continue to make toward our target of an affirmative final investment decision during the first half of 2019.

Mozambique
Issue 341 - 02 March 2017

South Africa gas power RfQ expected

Subscriber

The request for qualification (RfQ) for South Africa’s mooted liquefied natural gas (LNG)-to-power programme is expected at mid-year, IPP Office adviser John Smelcer and director of upstream and midstream oil and gas at the Department of Trade and Industry (DTI) Kishan Pillay told the African Gas Forum in Johannesburg on 20 February. The RfQ was expected in November but has been delayed following the release of the draft integrated resource plan (IRP) and integrated energy plan (IEP) (AE 335/1).

South Africa
Issue 339 - 03 February 2017

Mozambique: Domestic gas projects

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The Ministry of Mineral Resources and Energy has awarded contracts for domestic gas development projects to three of the 14 companies who bid last year in a tender for projects to utilise gas from the Rovuma Basin development.Norway’s Yara International was granted an allocation of 80-90 mcf/d of gas to produce 1.2-1.3m t/yr of fertilisers and 30MW-50MW of power. Royal Dutch Shell subsidiary Shell Moçambique BV was granted 310-330mcf/d of gas to produce 38m b/d of liquid fuels (diesel, naphtha and kerosene) and 50MW-80MW of power.

Mozambique
Subscriber

Ophir Energy has announced a gas discovery with the Silenus East-1 well in Block R and has expanded the size of its proposed liquefied natural gas (LNG) project to 3m t/yr from 2.5m t/yr. The Silenus East-1 well was drilled by the Vantage Titanium Explorer drillship within the thrust belt area of Block R. Ophir is planning to produce gas from the block via a floating LNG (FLNG) scheme. “The Silenus East well result has confirmed sufficient incremental volumes for Ophir to be able to expand the Block R FLNG project from a 2.5m t/yr to a 3.0m t/yr project. This is important in that it provides economies of scale that increase the value of this already economic project,” said chief executive Nick Cooper.

Equatorial Guinea
Subscriber

With a final investment decision (FID) on the Coral South floating liquefied natural gas (LNG) development imminent, Eni and its partners have signed a sales and purchase agreement with BP to buy all its production. BP will use LNG from the contract to help meet its global supply commitments. The company said the agreement, signed on 4 October, covered the purchase of LNG for over 20 years, and would contribute to the diversification of its portfolio beyond the end of the decade. The agreement is conditional on FID being reached, which is expected by year-end.

Mozambique