All posts tagged featured

Egypt Hands Out Acreages For Gas, Oil Exploration

Egypt Hands Out Acreages For Gas, Oil Exploration

Egyptian Natural Gas Holding Company, EGAS, the Egyptian state hydrocarbon company in charge of gas assets, has concluded its 10 month long 2012 International  bid round, with the award of acreages to Italian giant ENI, Canada listed Sea Dragon Energy, and UAE based Dana Gas.

ENI won the 3,765km² deepwater Shorouk Offshore exploration Block (Block 9) in the Eastern Mediterranean, through its wholly-owned subsidiary IEOC.

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When SPE Went For “Catch ‘Em Young”

11th Students’ Technical Conference and Exhibition

Four hundred student delegates from twenty five universities from all over Africa descended on the University of Nigeria, Nsukka to participate in the 11th Students’ Technical Conference and Exhibition.

The event, organized by the Society of Petroleum Engineers Nigeria Council (SPENC) witnessed the presentation of twenty seven undergraduate technical papers, four graduate (PHD) technical papers, the exciting Petroquiz competition and a first of its kind Career Fair organized by Shell Petroleum Development Company.

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Conoil Appraises, Deepens Its Ango Discovery

Majestic Closeup on Location

With 4,000BOPD flowed in two zones in discovery well, operator wants to find out what lies deeper
By Fred Akanni

Conoil, the Nigerian independent, has moved the HTHP swamp barge Majestic to Ango-2, to appraise the deep oil zones it tested in Ango-1 Sidetrack 3 and even probe deeper.

Ango-2 is prognosed to drill to a total depth(TD) of 18,500ft (or 5639metres)  True Vertical Depth (TVD), meaning that it still wants to probe the reservoirs it could not reach, due to tough drilling conditions, in the discovery well.

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Oando Raises $402MM Equity, Lines Up $800MM Debt, But…


The biggest onshore Niger Delta asset sale in History inches closer to conclusion
By Toyin Akinosho

Nigerian Energy Company, Oando, looks more likely than ever to consummate the ongoing purchase of the Nigerian assets of ConocoPhillips, the American independent.

The deadline for payment was March 31, 2013, for delivering  on the $1.79 billion purchase agreement for ConocoPhillips’  20% stakes in four Nigerian onshore producing acreage, a 17% stake in a Greenfield LNG project and 95% and 20% stakes in each of two deepwater acreages,

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Petrol Prices Stay Up In South Africa, Ghana


Prices of gasoline (petrol), diesel, LPG and other fuels will remain high for some time in South Africa and Ghana, two key African countries where deregulation has kicked in, because of the weakening currencies of the two economies and marginal reduction in crude oil prices in the month of March 2013. Gasoline will cost as much as $1.42 (or R13.20) per litre in the inland parts of South Africa and $1.38(or R12.83) in the country’s inland region throughout April 2013. The costs are adjusted monthly by the Department of Energy, and they are reflective of international prices of Brent crude and the exchange rate.

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What’s So Hot About Shell People?


The Anglo Dutch Major Provides The Stock Of Chief Executives For Most Of Africa’s Leading Independents…
By Toyin Akinosho

WHEN AFREN ANNOUNCED FIRST Oil from the Okoro field in south eastern Nigeria in June 2008, the company had existed only for four years.

The  managing director of Afren Nigeria, the company’s heartland, at the time, was Egbert Imomoh, a former Deputy Managing Director at Shell who had worked briefly in London after retirement, before joining the board of the new company founded by Liberia’s Ethelbert Cooper.

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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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