All posts tagged featured

Ghana Gets To First Gas In 4th Quarter 2013

Ghana Gets To First Gas In 4th Quarter 2013

Gas Company says no award yet for LPG Plant.
Ghana plans to commission its early production facility for gas by the 4th Quarter of 2013. This is quite a significant slip from the three earlier timelines, first December 2012, second end of 1st Quarter 2013,

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Seme Field Returns To Production In 2014


By John Ankromah
Benin Republic’s lone oil field, Seme, located in shallow offshore  Benin Basin, on the border with Nigeria, will be brought back on stream by mid- 2014, it is official.

The Nigerian minnow South Atlantic Petroleum(SAPETRO) , says it will start drilling, from the last quarter of 2013, the three producer wells that will drain the field. One straight hole and two deviated wells will be drilled from a single conductor supported platform. Peak production is expected to be around 6,000BOPD.

Seme was abandoned in 1997, after 14 years of production by a succession of companies including Saga Petroleum, Pan Ocean and Ashland. It produced over 21Million barrels and was delivering over several times more water than it was producing oil at the time of field dismantlement. Seme produced 7,627BOPD at its peak in 1984. At the lowest in 1997, just before abandonment, it was delivering only 1,207BOPD.
SAPETRO took over the block in 2004, acquired three dimensional seismic data and conducted extensive interpretation, reservoir characterization and modeling, results of which were shared at the Offshore West Africa Conference in Accra last week. The company’s earth scientists say that their studies will enable the company optimize production and carry out more efficient reservoir management practices than previous operators. The new data revealed two more culminations(West and Central), apart from the lone (Eastern) culmination which the previous operator produced from, meaning that there’s more bypassed oil than the initial data suggested.

A total of 9,000Barrels Of Liquids Per Day(BLPD) will be produced at peak, of which 3,000BLPD will be water and 6,000BOPD is prognosed to be oil. SAPETRO expects the field can still be drained optimally for another 16 years.

September 2013 No Longer Feasible For Midwestern’s Pipeline

Adams Okoene, CEO Midwestern Oil&Gas

Midwestern Oil&Gas, the Nigerian independent, has moved forward the commissioning date  for  a new, 12-inch, crude oil evacuation pipeline from its Umusadege Field in Western Niger Delta. The last scheduled completion date was September 2013. Now the company would rather not talk of a date.

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Gas To Power: Why The Darkness Will Linger


Nigeria arrived at 2013 still a long distance away from an eight year goal: to get its public power utility and private suppliers, to put l0,000Megawatts (MW) of electricity into the national grid, every day.
The target was set around the time that the Electricity Power Sector Reform Act(EPSRA) was signed into law in March 2005, four long years after the bill itself was first presented at the National Assembly.
President Umar Yar’adua elected to moderate the vision of his predecessor. He wanted to get the nation plugged in to 6,000MW of electricity by December 2009 and increase the wattage 10,000MW by 2011, when his mandate was supposed to end.

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Second Discovery Points Liberia As Emerging Western Star

Second Discovery Points Liberia As Emerging Western Star

With the second discovery offshore Liberia within a year, Australian minnow African Petroleum is pointing a torch at the country as the likely next big thing in the West African transform margin, after Ghana.

AP makes three claims about the well, located in the same Block 09 as the last discovery, that are geologically significant:

HRT Heralds Return Of The Namibian Rush


Brazillian minnow, HRT, is looking forward to a two to three well drilling campaign that may, with some luck, turn out to herald another phase of the rush to Namibia.

Around this time last year (February to April 2012), there was heady talk of “a rush to Namibia”, as operator after operator snapped up one or two more hydrocarbon acreages in the country. Things calmed down after Chariot Oi&Gas drilled the much hyped Tapir South well, in block 1811A and it turned out dry. Tapir South is located in the Namibe Basin, offshore North western part of  Namibia.

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Sonangol, In Loss Of Earnings, To Cut Petroleum Subsidies


Angola’s state hydrocarbon company Sonangol reported posting a net income of $1.24 billion in 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA )fell to $5.21 billion last year from $5.96 billion in 2011, he said. The company generated revenue of $46.97 billion in 2012, its CEO, Francisco de Lemos Jose Maria said, warning that the earnings loss would continue for one more year, with a forecast 7% percent decline in revenue for 2013.

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TOTAL Hits A Fourth Duster In Uganda

TOTAL Hits A Fourth Duster In Uganda

TOTAL continued its streak of dry holes in Uganda’s Lake Albert Basin, with the Ondyek-1 exploration well proving the fourth duster in two months.
Ondyek-1 did not encounter hydrocarbons and has been plugged and abandoned. The well, located 16km North West of the Nigiri-1 oil discovery in the company’s operated EA-1A block to the north of the basin, was the fifth in a drilling campaign designed to test the boundary limits of the TOTAL operated EA-1A Block.
The other dry holes, drilled between December 2012 and February 2013, include: Riwu-1 (tested far northwestern limits), Raa-1 (tested northern extent), and Til-1 (tested far northeastern limits). Ondyek-1 was drilled to a total depth of 1,462 metres.

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High Pay Day Rates For East African Offshore Drillers


Recovery has come for the rig service sector, in large part, to higher day rates for rigs and demand for drilling in deepwater environments, notably East and West Africa, Brazil, and the Gulf of Mexico.

With the exception of litigation- plagued Transocean, the public equities of offshore drilling industry appear to have largely adjusted to the post-Macondo environment, helped by rising rig utilization and strong day rates for rig contract renewals.

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Nigeria: The Marginal Field Experiment At 10


Nine Nigerian independents have a particular reason for celebration this month; the 10th anniversary of the country’s experiment in marginal field operatorship.

In February 2003, the Nigerian government awarded 24 marginal field licences to 31 local enterprises, 24 of them designated operators with seven partners.
10 years after, seven out of those fields(or 29% of the assets) are in some form of sustained production.
The nine companies who own these fields are delivering gross production of 27,200Barrels Of Oil Per Day(BOPD) and 35Million Standard cubic feet per day(35MMscf/d) of gas.

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