All posts tagged featured

OES Teamwork Rig Will Drill Opuama 7 Sidetrack

By McJohnTatsi, in Warri

The NPDC/Elcrest joint venture has awarded OES Energy Services Limited the contract to drill a sidetrack well to Opuama-7. The drilling contractor will utilise its OES Teamwork swamp rig for the work.

The side-tracking of the existing Opuama-7 well is expected to contribute an initial production rates of 5,900* barrels of oil per day (“BOPD”) gross, increasing near term overall production from OML 40 to around an expected 17,500 BOPD gross, says Eland Oil and Gas, the UK listed technical partner in the Eland-Starcrest IJV (otherwise known as Elcrest).

OES Teamwork swamp rig is currently undergoing meticulous preparation, which includes mobilising rig personnel, system tests and equipment shake down, to target the commencement of the rig move to Opuama-7 location in July 2017”, the company explains.

The rig will drill a sidetrack to around 2,300metres (7,500feet), expected to take in the region of a month to complete.

Extension Possible
As part of the contract’s terms, the NPDC/Elcrest Joint Venture has the option to extend the contract for the re-entry of Gbetiokun-1, which it intends to start immediately after Opuama-7 sidetrack.

PGS Chief To Become Chairman of Statoil

Jon Erik Reinhardsen has been elected as new chair of Statoil’s board of directors.

Øystein Løseth, who was chairman for the last two years, had informed the nomination committee that he did not wish to stand for re-election in 2017, as he wants to return to a career seeking more operational positions.

Løseth leaves the board on July 1, 2017.

Reinhardsen will resume from the position of Chief Executive Officer of Petroleum Geo-Services (PGS)a job he has held for nine years (since 2008), and take on chairmanship of the board of one of Europe’s largest E&P companies from September 1, 2017, until the ordinary election of shareholder-elected members to the board of directors in 2018.

Meanwhile, Roy Franklin will retain his position as deputy chair and will function as the acting chair of the board in an interim period fromJuly1, 2017, when Løseth leaves the board of directors, until and including August31, 2017.

WencheAgerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer were all re-elected members of the board of directors.

Ben Asante Takes Charge of Ghana Gas

Ben K. D. Asante is the Caretaker Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas).
His appointment follows the exit of the former CEO of the company, George Sipa-Adjah Yankey.

Asante assumes his new role as Acting-CEO with more than 25 years global experience in the Oil and Gas industry. He is a Lecturer at the School of Engineering, Kwame Nkrumah University of Science and Technology (KNUST) and a former Engineering and Technical Director of Ghana’s premier Gas Infrastructure project, which led to the Atuabo Gas Processing Plant and allied gas infrastructure in the country’s petroleum rich Western Region.

He has worked for major Operating Companies (Nova/TransCanada Pipelines and Enron) as well as Engineering Consulting companies (Jacobs Engineering and Gulf Interstate Engineering) in Canada and the US in various positions up Director of Engineering and Operations.
He has also provided consulting services to the World Bank and Asian Development Bank (ADB).

He developed the Gas Infrastructure Master Plan for Ghana, working with the Energy Commission.He has consulted for the Ghana National Petroleum Corporation GNPC. He holds a BSc in Chemical Engineering (KNUST, Ghana) and MSc in Chemical Engineering (University of Calgary, Canada) and a PhD in Chemical Engineering from Imperial College, London/University of Calgary. Dr Asante is a board certified Professional Engineer.

He has 15 technical papers and made over 80 technical presentations around the world on Oil/Gas Infrastructure Design and Operations.

SDX Grabs The Gharb Centre

The Gharb Centre exploration permit, covering an area of over 1362 km2, has been awarded to SDX for a period of eight years, with a firm commitment from SDX for the acquisition of 200km2 of 3D seismic, and two exploration wells within the first four-year period.

The Gharb Centre area comes with a considerable quantity of recently acquired 2D and 3D seismic which has established multiple target horizons throughout the Miocene-aged strata, similar to what the Company produces from in its surrounding licenses.

The activity at Gharb Centre complements the work programmes at both Sebou and Lalla Mimouna, where development and exploration wells are planned for H2 2017, as previously announced. Pre-drilling activity is now underway in both permits where the tendering process for drilling rigs and associated services has been initiated. SDX has also received partner approval for seven drilling locations in these permits and is targeting a late Q3 2017 start date for the program.

Greger Is New Head of OMV’s Investor Relations

Effective June 1, 2017, Florian Greger (47) became Head of Investor Relations for the OMV Group. He succeeds Magdalena Moll, who has managed the department in addition to her function as Head of Corporate Affairs OMV. Florian Greger will report to Magdalena Moll.

Florian Greger can look back on a career in the chemical industry stretching back almost 20 years: In 1999, he joined BASF in Ludwigshafen, Germany, where he initially held various positions in the plastics sector.

In 2009, Florian Greger became part of the BASF Investor Relations team, where he had various roles including Deputy Head of Investor Relations. He moved to the U.S. in 2013, where he was responsible for the North America region as Director of Investor Relations for BASF Corporation in New Jersey. At the end of 2015, he took over the business management Diols & Derivatives North America in his role as Director.

Florian Greger studied Chemistry in Heidelberg, Germany, after which he completed an MBA in Belgium and Spain.

Equatorial Guinea Looks Forward to A Second FLoating LNG

With the final investment decision for the first Floating LNG in Equatorial Guinea almost at hand, the state is looking forward to discussions around a second such project.

The Ophir operated FLNG, focussed on draining gas resources in the Fortuna cluster of fields in Block R, looks forward to taking FID by the end of June 2017, but Equatorial Guinea, as a country, is proactive about further inflow of investment in gas export industry.

Its Ministry of Mines and Hydrocarbons (MMH), has gone ahead to enter into a binding agreement with OneLNG SA (the company with which Ophir has an agreement for the Fortuna FLNG) to explore the liquefaction and commercialization of natural gas in offshore blocks O and I.

“OneLNG, a joint venture between Golar LNG and Schlumberger to rapidly develop gas reserves into LNG, will commit funding to explore the technical and commercial feasibility of a floating liquefied natural gas project”, according to a release on behalf of MMH by Africa Oil and Power.

“The agreement commits the State and OneLNG to find a binding commercial and technical structure for an agreement on a second FLNG project with a target date of end of 2017”, the release notes.

The Government of Equatorial Guinea is a stakeholder in production sharing contracts in blocks O and I through its national oil company, GEPetrol, which is an indirect participant in the development of the liquids-rich gas and condensate fields Alen, Diega, Aseng and Yolanda.

There is no mention, in the press release, of Noble Energy, the operator of Blocks O and I.

“This agreement is a crucial step to monetizing these offshore natural gas reserves and expanding Equatorial Guinea’s sizeable role as a global gas exporter while developing a domestic component,” said H.E. Gabriel MbagaObiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea. “Equatorial Guinea is an African pioneer in deepwater FLNG projects and OneLNG has been a vital partner in those efforts. We stand ready to work with OneLNG to provide the right incentives to make this project work.”

“OneLNG looks forward to again collaborating with the Republic of Equatorial Guinea on an innovative project,” said Jeff Goodrich, Chief Executive Officer of OneLNG SA. “This further cements the strong relationship we have built in executing the Fortuna Project.”

The continent’s most influential hydrocarbon summit shapes up.

The Africa Oil Week will have its 24th edition in Cape Town, South Africa from 23-27 October, 2017.
“The Conference & Exhibition provides the most trusted platform worldwide”, according to ITE Exhibitions, the event’s orgainsers,. “It brings together governments, national oil companies, corporate players, independents and financiers with support from service and supply operators shaping Africa’s oil, gas and energy future.

“The conference portrays five days of content-rich senior level executive insights, finance and investor outlook, exposure of Africa-wide state and/or private acreage opportunities, transaction and/or new venture assets and potential, exposure of Africa-wide state and/or private acreage opportunities, exploration and production developments, industry strategies and portfolio, wand an overview of Africa’s hydrocarbon future; regarded for its high level participation, intimate networking and on-site deal-flow.

“Annually, more than 1,250 corporate and influential leaders and thinkers from every continent attend the flagship Africa Oil Week that attracts a key oil and gas audience to Cape Town, offering a content driven program, quality industry exhibition and five star networking opportunities”, ITE asserts.

The Organisers say that some of the Key Highlights are:

• Longest-running and most prominent event held worldwide in and on the African Continent for its fast-growing oil, gas-LNG and energy industry news and business partnerships.
•First-class networking and social interface with multiple opportunities for all to create and cement relationships that will shape the future for oil and gas in Africa.
• Deal-driven industry Exhibition
• Sizeable in-room investor and finance potential

At Africa Oil Week, ITE implores you to Engage with:

• Globally-diversified mix of senior-level government and corporate delegates
• Substantial array of countries offering numerous exploration blocks and bid rounds
• National Oil Companies and state entities
• Government agencies, Ministries
• Offshore exploration and production
• Technology, service and supply companies
• Oil and gas institutions, investors, financiers, bankers and energy lawyers
• Onshore, offshore and deepwater
• Advisors and consultants

TransForcados System (TFS) Is Back Up

By Toyin Akinosho, in Lagos

The TransForcados System, a crude oil export facility in Nigeria, is back on line.
Comprising a pipeline, a crude loading line and the terminal itself, the TFS had been out of operation for over 15 months, shutting out at least 200,000Barrels Per Day of Nigerian crude.

TFS came back on line sometime between May 15 and 20, 2017, but most companies involved have been mum about it, perhaps out of concern that it might again be put out of action.

The facility is the export thoroughfare for crude produced by one International company, Shell, and ten Nigerian independents: Seplat, Elcrest, Shoreline, Neconde, Shell Petroleum Development Company, Pan Ocean, NDWestern, Pillar, Midwestern, Energia and Platform.

Until it was shut down in February 2016, through a military grade dynamite of the undersea, six kilometre crude loading line, by gangs operating in the Niger Delta Basin, it was the only outlet for all the crude produced by six of these companies: Seplat, Elcrest, Shoreline, Neconde, Pan Ocean and NDWestern.

It was, however, only a secondary thoroughfare for crude produced by Pillar Oil, Midwestern, Energia and Platform Oil, which all have an alternative evacuation fare: in ENI (Agip) operated Kwale to Brass pipeline.
In the period that the shut- in lasted, however, four more companies –Seplat, Elcrest, Neconde and Shoreline-had commissioned alternative routes to market, all of them, through shipping operations.

The cost of shipping (barging crude into FPSOs) is however so high many companies say it is not sustainable. Elcrest, for example, was paying $15 on every barrel shipped through the operations. “It’s not sustainable”, says Abdulrazaq Isa, Chief Executive of Waltersmith, which has equity in NDWestern. He was responding to questions as to why NDWestern was not involved in barging.

Seplat, on its own, reported that the costs of barging would come down, once it becomes a routine route to export.
The latest crude oil producer in Nigeria has joined the cohort of companies pumping crude through the TFS. It is Excel E&P, and it has resumed injecting into the system. It’s not clear how much Excel is producing from its dual stringed Eremor marginal field, located at the current mouth of the Niger Delta basin, but Biodun Awosika, the company’s Chief Executive, confirms that the Technically Allowable volume that the Department of Petroleum Resources(DPR), the regulatory agency approved, was 900 Barrels of Oil Per Day.

The outage of the TFS is a symbolic event that suggested that the Nigerian state cannot secure the country’s petroleum infrastructure.

The facility came back up last November, nine months after the original blast, but it was immediately put out of action again.
Elcrest says it is currently producing 8,500BOPD gross (Net to Elcrest: 3,825BOPD) from Opuama-3 and anticipates production start-up from Opuama-1, which will pump up the volume, in due course.Fuller details of what other companies have been producing since the start are published in the June 2017 edition of the Africa Oil+Gas Report.

WAIPEC On Course, with Renewed Optimism For West African Resources

Equatorial Guinea’s entry into OPEC, the passage, by the Nigerian Senate,of a transformational oil legislation and a more robust crude oil price than what prevailed in the last two years are some of the reasons organisers of the West African International Petroleum Exhibition and Conference (WAIPEC), are assured of a larger gathering in the 2018 edition.
The summit will take place at the Eko Convention Centre, in Eko Hotel, in Lagos Nigeria.

“Nigeria, Ghana, Cote d’Ivoire, Equatorial Guinea, Gabon, Cameroon, with their hydrocarbon industries on the coast of the Atlantic in West Africa, have fared well in the past two quarters, relatively speaking”, says Sam Ojehonmon, an energy analyst focused on Subsaharan Africa. “Addax alone has net close to 25,000BOPD in Cameroon and the ease with which Shell sold its Gabonese assets points to confidence of the international markets in the country”, he explains. “These suggest that a West African Oil and Gas Summit can be fruitful in terms of market intelligence and networking”, Ojehonmo says.

Working directly with PETAN, (an umbrella association of local engineering contractors in Nigeria) the organisers, dmg events, say they “will draw on their global resources to ensure that the event delivers to the needs of all stakeholders in Nigeria and through the region”.

It’d be useful if they see the players in West Africa as significant contributors to the conference.
“WAIPEC is the event created by the industry, for the industry”, says dmg events.

The company says that:

For details on how to get involved in WAIPEC 2018 contact the organising committee today:

PETAN or call on +234 80 372 55190 (PETAN members)

Dan Grogan or call on +44 1737784952 (International)
Rehia Giwa – or call on +234 7069 117347 (Nigeria)

For all media and marketing enquiries please contact:

Aimee Thompsett or call on +44 1737 784956

Ophir Drills the Seventh Duster in Short Order

By Toyin Akinosho, Publisher

With the Ayame-1X exploration well in Cote D’Ivoire’s Block 513 announced as a dry hole, Ophir Energy, the London listed explorer, has concluded the seventh dry hole in Subsaharan Africa in the space of three years.

Of this number, six of those dusters were drilled in one year; 2014.

Ophir had not drilled any new field wildcat well in Africa since it plugged and abandoned the Mkuki-1 well offshore Tanzania in November 2014.

Ophir drilled three dry holes in Gabon and three dry holes in Tanzania in 2014 and then stopped drilling new field wildcats as an operator on the continent altogether.

But as a non- operating partner, Ophir has been involved in successful wildcats in the same time frame, notably with BG as operator, offshore Tanzania.

It has also been lucky in Equatorial Guinea, where it is developing a gas field.
But its record for drilling dry holes in the subcontinent is unparalleled by any other independent.

A fuller story of the company’s long dry season, complete with details of the wells drilled, is published here.

© 2017 Festac News Press Ltd..

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