All posts tagged featured


Shell Works To Boost The East Nigeria Gas Cluster

Shell is battling to keep the position of largest supplier of gas to Nigeria’s domestic gas market.
A major effort is being made in the eastern Niger Delta, where the largest reserves are and the company has a number of projects, including studies, new construction and upgrade.
A well has just been completed on Okoloma field, which will increase the throughput on the field’s 240 million standard cubic feet per day (MMscf/d) capacity gas plant. There’s progress on the new 80 MMscf/d gas plant (and ancilliary facilities) that the company is building on the Agbada field. “Maturation is going on at Buguma Creek, but they haven’t yet taken final investment decision on that”, according to sources at the National Petroleum Investment Management Services (NAPIMS), the quasi-regulatory arm of the state hydrocarbon company NNPC, which oversees the government interest in the Joint Venture with the AngloDutch major.

→   Read the rest of this entry


Tanzania To Create A New State Hydrocarbon Company

Sospeter Muhongo, Tanzania’s Minister of Energy and Minerals

A gas regulator is also on the table

By Toyin Akinosho

The Tanzanian government will either replace the Tanzanian Petroleum Development Company (TPDC), with a new state hydrocarbon company, or strengthen it to take on board more midstream and downstream activities, in addition to its current oversight of upstream activities in the country.
Either way, when the government moves to fully implement the gas policy, the 41 year old TPDC will no longer look the way it does now.

Tanzania has witnessed discoveries of significant gas deposits in the last 42 months. Its notional natural gas reserves have grown from eight trillion cubic feet (Tcf) in early 2010 to around 43Tcf in late 2013. The country is keen that those reserves are managed properly for the benefit of the economy. A new gas policy, approved by cabinet in October 2013, is one of the tools for designing a beneficial gas industry.

→   Read the rest of this entry


Minnows Top Up Nigerian Output

Pillar-Oil

Pillar Oil, Excel E&P and Energia were completing wells as 2014 arrived

Three Nigerian marginal field producers were completing a well each, to put on stream as the celebrations to usher in the new year were on. The completions could boost the country’s output by as much as 7,000BOPD.
Two of the companies, Pillar Oil and Energia, are already producers, delivering 2,700BOPD and 3,500BOPD respectively. Energia also produces lean natural gas and other products from a 25Million standard cubic feet of gas per day processing plant. Meanwhile, Excel E&P, is hoping it would be the next marginal field producer on stream.

→   Read the rest of this entry


Angola’s Rig Count Is 26, With Chevron as the most active driller

Chevron has been active on seven (7) rigs in Angola since October 2013, maintaining the rig count through November to the last week of December 2013.
The U. S. major is closely followed by TOTAL, which deployed six rigs in October and November, and increased the fleet to seven in December.

ENI and BP come a distant third, with rig count of three each, throughout the period under review. ExxonMobil was drilling with two rigs, throughout October and November and most of December 2013. Cobalt Energy, the American minnow, has the same rig count as ExxonMobil. Maersk deployed one rig throughout the three months. Sonangol did not drill at all in October and November. It has been active in December, with one rig.

→   Read the rest of this entry


Nigeria: Deepwater PSC Incentive Turns On Its Head

By Toyin Akinosho

Nigeria’s total production of crude oil fell by 100Million barrels between 2006 and 2008 and increased by the same volume between 2008 and 2011, but while the proportion of production coming from Production Sharing Contracts (PSCs) surged, relative output from acreages licenced as joint venture (JV) operations was on the decline.

Nigeria's Crude Oil Agreements

This trend indicates an increasing relevance of the PSC as a form of operating arrangement, according to a six year audit by Nigeria Extractive Industries Transparency Initiative (NEITI). The caveat, however, is that, as PSC production increases, mainly from deepwater field developments, the state’s revenue profile comes under stress. Royaties and taxes to the state coffers may, in fact, decline.

→   Read the rest of this entry


Anadarko In Algerian Gas Production For The First Time

With two oil trains of the El Merk project already on stream, Anadarko expects the Liquefied Petroleum Gas (LPG) and export natural gas unit to be on stream by end of 2013.
It will be the first time that the American independent will be producing gas from Algeria.

El Merk is expected to produce 30,000 barrels of LPG per day by the end of 2013, though it’s not clear if the target would be accomplished.

Anadarko is one of the biggest operators in the country, with 1.7Billion barrels of gross oil produced in its 25 years in Algeria, but despite the fact of Algeria being the continent’s largest gas producer, Anadarko’s production has been limited to oil.

→   Read the rest of this entry


Uquo Gas Starts Flowing Into Ibom Plant

Uquo Reaches First Gas

Ibom Power wheels 100MW into the Nigerian National Grid

Gas has started flowing from the Uquo Field in Nigeria’s Oil Mining Lease (OML) 13 into the Ibom Power Plant. Both are located in the south eastern Niger Delta basin. “We are wheeling 100MW into the Nigerian Power Grid”, say impeccable sources at the Ibom Power Company in Uyo, capital city of  Akwa Ibom State, which is one of Nigeria’s oil and gas producing states. The delivery is made possible by the completion of repairs on the 120MW Frame 9, the largest turbine in the station.

→   Read the rest of this entry


Ghana’s Hydra Offshore Gets In Bed With UK’s Wood Group

Ghanaian service company, Hydra Offshore, is taking advantage of the localization opportunities in its home country, to collaborate with UK engineering company Wood Group in delivering subsea engineering services.

The two companies signed a Memorandum of Understanding (MOU) to explore opportunities to provide subsea engineering services to local operators. “This move highlights Wood Group’s commitment to nationalisation and engaging the local supply chain in countries it operates in,” Wood Group says in a widely distributed press release.  “The collaboration will combine the strengths of Hydra Offshore’s subsea engineering capabilities with technical experience, capability, technology and technical assurance of Wood Group’s global oil and gas business.

→   Read the rest of this entry


Tullow: Ethiopia Is A Recurring Duster

..But the partners will drill one more well in East Africa’s most populated country

Tullow Oil has plugged and abandoned the second dry hole in Ethiopia in six months. Africa Oil Corp is currently drilling one well and Tullow will drill a third well in the country in 2014. What are the prospects for Ethiopia joining the continent’s hydrocarbon producing league? They certainly don’t look amazing.

The wildcat Tultule-1, which reached a total depth of 2,101 metres, was drilled in the country’s onshore South Omo block, the same tract on which the Sabisa-1 well –plugged in June 2013-was drilled. Tultule-1 targeted a reservoir section similar to the sands in which Sabisa-1 encountered some oil shows and heavy gas indications, but those sands were not penetrated in Tultule-1.

→   Read the rest of this entry


Engineers Identify Four Ways Out

The Society of Petroleum Engineers in Nigeria is concerned about Africa’s poor human capital development, Nigeria’s escalating crude oil theft, a dismal record of women empowerment in the workplace and the untapped opportunities in the country’s marginal fields.
The society has released a 1,920 word communique, summarizing the conclusions of several discussion panels at the last edition of its annual International Conference and Exhibition, held at the Eko Hotel and Suites, from July 30 to August 1, 2013, in Lagos.
The communique can be found here

© 2017 Festac News Press Ltd..

Site by BluQuadrant