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Subscriber

Local marine services company UTM Offshore Ltd on 11 May signed a pre-front end engineering design contract with Japan’s JGC Corporation to develop a 1.2m t/yr floating liquefied natural gas (LNG) project on OML 104, operated by Mobil Producing Nigeria (40%, operator) and Nigerian National Petroleum Corporation (NNPC, 60%).

Nigeria
Subscriber

Shell has confirmed its intention to withdraw from its upstream positions in Tunisia, following widespread speculation. The Anglo-Dutch major has told the Ministry of Energy, Mines and Energy Transition it will hand back the Miskar concession when the licence expires in June 2022, and it has requested an early hand back of the Hasdrubal licence at the same time. This was confirmed by the ministry’s director general of hydrocarbons on 4 May.

Tunisia
Subscriber

South Africa’s long-awaited Upstream Petroleum Resources Development Bill is due to be tabled in parliament in June, writes James Gavin South Africa’s upstream oil and gas sector could do with a boost, with production having fallen by over half since 2010 due to a lack of exploration aggravated by lower prices. Total’s offshore Luiperd natural gas discovery in 2020 – Africa’s largest find that year – has reinforced hopes for a full recovery, but the need to create fresh terms for the oil and gas sector has forced the government’s hand.

South Africa
Issue 433 - 25 February 2021

South Africa: Gazania to spud by year end

Subscriber

With interest in South Africa’s oil and gas potential growing, Africa Energy Corporation (AEC) plans to spud the Gazania well on Block 2B in the Orange Basin by year-end following farm-ins by Azinam and Panoro Energy. AEC chief executive Garret Soden told an online conference organised by Norway’s SpareBank 1 Markets that the well would test two targets with prospective resources of over 300m bbls.

South Africa
Issue 340 - 16 February 2017

Naming ceremony for Sankofa FPSO

Subscriber

Singapore’s Keppel Shipyard held a naming ceremony on 3 February for the John Agyekum Kufuor floating production, storage and offloading (FPSO) vessel for Eni’s Sankofa oil and gas development (AE 337/1). Keppel Shipyard will deliver the vessel to Yinson Production (West Africa) Pte Ltd, which is chartering it to Eni Ghana Exploration & Production Ltd to process oil and gas from the Offshore Cape Three Points block.

Ghana
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Sound Energy has finalised agreements to acquire the assets of Morocco’s Oil & Gas Investment Fund (OGIF) in eastern Morocco, and has started drilling the TE-8 appraisal well. OGIF will receive 272m shares, or 28.8% of Sound’s enlarged share capital. The deal gives Sound an additional 20% in the Tendrara Block, the right to increase its Meridja stake to 75% and the right to acquire 75% in relinquished areas of Tendrara.

Morocco
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
Issue 339 - 03 February 2017

Mozambique: Domestic gas projects

Free

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

ExxonMobil provided some grounds for optimism for an upstream industry under pressure when it announced the Owowo discovery offshore Nigeria, as international oil companies (IOCs) gathered in Cape Town for the 23rd annual Africa Oil Week. The US supermajor rarely announces exploration results but needs some positive news to offset an expected reserves restatement. Announcing its Q3 earnings on 28 October, ExxonMobil said that, if the low crude prices persisted until year-end, it would have to “de-book” about 4.6bn boe from its proven reserves, which were 24.8bn boe at end-2015.

Nigeria
Issue 335 - 24 November 2016

Mauritania/Senegal: More drilling in 2017

Subscriber

Kosmos Energy plans a new drilling campaign next year exploring basin floor fans in deeper water outboard from its previous exploration in the hope of finding oil. “We are currently acquiring seismic data in southern Mauritania and northern Mauritania, and this seismic data has imaged giant to supergiant leads and prospects in a basin floor setting. We plan on drilling out a three-well programme at a minimum, starting in 2017, that will test a gross unrisked mean resource of 29bn boe,” Kosmos vice-president exploration Tracey Henderson told Global Pacific & Partners’ Africa Upstream conference on 1 November.

Mauritania | Senegal
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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
Free

National oil company Office National des Hydrocarbures (Onhym) has issued a tender inviting international companies to partner it in finding and developing onshore gas reserves in the Rharb Centre permit, previously licensed to Gulfsands Petroleum. The area has produced gas over many years since Société Chérifienne des Pétroles made its first find in 1949, and benefits from established infrastructure piping gas from several Rharb Basin fields to Kenitra.

Morocco
Subscriber

The government is planning a new law that will separate parts of its regulations governing oil and gas from legislation governing the mining industry. “The plan involves separating from the mineral regulatory framework those elements that relate to the petroleum value chain,” energy minister Tina Joemat-Pettersson told parliament in a budget speech on 11 May. Proposed amendments to the Mineral and Petroleum Resources Development Act had been criticised by the oil and gas industry for attempting to treat mining and hydrocarbons exploration in the same way.

South Africa
Subscriber

Aminex has announced a one-year extension of the Mtwara licence in the Ruvuma production-sharing agreement, which was due to expire in December 2016. Tanzania Petroleum Development Corporation (TPDC) has also agreed for the company to transfer drilling obligations in the norther Lindi licence to the southern Mtwara licence, which contains the Ntorya discovery. Aminex intends to drill the Ntorya-2 appraisal well and, if it is successful, to apply for a 25-year development licence.

Tanzania
Subscriber

Questions have been raised about Victoria Oil and Gas (VOG)'s  ability to continue after the International Chamber of Commerce (ICC) made a substantial award against it in early April. VOG is a business whose importance extends beyond the narrow interests of its shareholders. Its subsidiary Gaz du Cameroun (GDC) is one of the continent’s rare onshore gas producers that sells to a local clientele.

Cameroon