All posts tagged update

‘Egypt Is Not Short Of Natural Gas’- Former Oil Minister

Osama Kamal says the country could gain added value by producing chemicals with natural gas than generating power…

“We don’t have a shortage in natural gas”, a former Egyptian Minister of Petroleum has declared, in a statement that’s contrary to mainstream perception. “We are maintaining the same production rates”, Osama Kamal told Egypt Oil & Gas Web Portal ( Kamal oversaw the crucial ministry under the deposed President Mohammed Morsi.

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Sand Injectites in Deep-Water Depositional Environments, Detection and Interpretation using Borehole Electrical Images

By Peter Schlicht, Schlumberger Technical Services Inc., Angola, with Oskar Yepes and John Crowe, Chevron Angola

Conventional core data from Miocene deep water turbidite channels in Angola show common occurrence of sand injections. Structures formed by these elastic intrusions are called injectites and they can have both negative as well as positive impact on the reservoir performance. They occur as sub-vertical dikes, horizontal and br bedding parallel sills. Early detection and recognition of these features, which can range from millimeter to kilometer scales. can considerably impact the development strategy of for a given reservoir. Borehole electrical images allow to detect injection features and to differentiate from the surrounding geological contexts, so their impact can be quantified. In our case study we examine the resistivity content of the borehole electrical image in combination with the interpreted directional data, the formation dip. Based on user-input contrast cutoffs, conductive and resistive events that do not correlate across the borehole along the bedding direction, and that show high enough contrast with respect to their background, are detected by performing a heterogeneity analysis. Assuming ‘pure’ elastic systems we infer a directly proportional relationship between non- conductive mud invasion to porethroat- and grainsize in order to separate sand, silt and clay proportions. Detecting relative grainsizes combined with evaluation of non- correlating bedding events lead us to the recognition of sand intrusion events and their orientation.

OWA Relocates 2010 Meet From Luanda To Accra, The 2010 edition of the Offshore West Africa Conference will no longer take

place in Luanda, the Angolan capital. For the second time in 12 years, the conference is heading to Accra, Ghana, the newest magnet for African exploration money. Citing logistical difficulties, the PennWell group-conference organizers and publishers- decided to relocate the meeting from Luanda to Accra. The dates remain 9-11 March 2010. OWA has been held in only four other West African cities since its premiere in Libreville, Gabon, in 1996. It was held in Accra in 1997. There was no 1998 event. For the next two years-1999 and 2000-it held in Abidjan, Cote D’Ivoire. The conference arrived Abuja, Nigeria in 2001, held again in 2002 and headed for Windhoek, Namibia in 2003. The sharp drop in conference attendance occasioned by the change from Abuja to Windhoek forced the conference back to Abuja, where it has held six times from 2004 to 2009. The failure to get Luanda is happening for the second time in nine years. In 2000 OWA conference organizers tried to interest the Angolan government in hosting the event in West Africa’s second largest oil producing nation. OWA, which is being run from Houston in the United States, requires partnership of the host government in order to hold in an African city. But Sonangol, the Angolan state hydrocarbon company, simply wasn’t keen. Angola just isn’t as enthusiastic as other African governments to host the largest gathering of oil and gas professionals on the continent. In moving to Accra, though, the organizers are comforted by the fact that there’s been heightened interest in the country. ‘The decision was also based on the growing energy industry interest in Ghana and nearby countries as the next big thing off West Africa”, PennWell said in a statement. “Ghana was chosen as the new site for the event because it is one of the most promising offshore exploration regions off West Africa. Activity there is expected to increase significantly with the recent $4 billion bid by ExxonMobil for a share in the offshore Jubilee field. Energy analysts view Ghana as an emerging offshore province with enormous potential for oil and gas reserves”. The release reminds us that “The ExxunMobil deal comes less than a month after Anadarko Petroleum announced another find off the coast of Sierra Leone and held out the possibility that a large, 700-mile span of ocean off the coast of West Africa could hold major reserves”. The PennWell statement reinforces its conviction that the conference in Accra might offer the level of audience participation that a venue like Luanda guarantees: “Industry sources say that the same oil companies that operate offshore Angola and Nigeria are equally interested in the opportunities offshore Ghana and neighboring countries, and they will be in attendance at OWA next March in Accra’, it said.  “We are pleased to be able to bring OWA to Ghana at a time when the industry interest in the region is at an all time high”.

Oando Makes $$Millions In Rest Of Africa, 18% of sales outside Nigeria boosts the company’s Pan African credentials

Oando, the energy company listed on the Nigerian and Johannesburg Stock Exchanges, has reported total sales of $43omillion in its 2008 financial year, from countries outside Nigeria, the company’s domicile. This “external revenue”, earned largely from trading in petroleum products in the neighbouring countries of Ghana and Togo, makes up about 1800 of the entire sales figure of $2.25billion in the financial year. This particular result is a boost to Oando’s regional, pan African claims. Oando has made significant noise about its regional ambitions. In 2005, it chose to announce its secondary listing on the Johannesburg Stock Exchange (JSE), the continent’s pre-eminent bourse, during the World Petroleum Congress held in Johannesburg, South Africa. In October, 2009, Oando won the bid to partner the Ghana National Petroleum Corporation to “develop assets and infrastructure to harness the gas that will be produced from Jubilee”, the country’s flagship deepwater field. With a listing in South Africa, profitable product trading in Togo and Ghana, gas(midstream) infrastructure, oil field upstream production and technical services as well as an extensive product retail network in Nigeria, Oando can claim to have gone a distance, to qualify as a regional leader. But there’s a long road ahead, to catch up with companies like Sasol (South Africa’s synfuel giant) and Oraseom Construction(Egyptian conglomerate with forays into gas-based fertilizer, cement etc).

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