All posts by AOGR

Egypt Offers Land For Wind Energy

Section: Tenders · January 3, 2013 · No comments |

Egypt’s New And Renewable Energy Development Agency is offering of six pieces of land lots on the Gulf of Suez, under an auction system, for the establishment, on each piece, a 100 MW wind recovery farm. NREA shall avail the land to technically qualified investor(s). Investor shall use the land exclusively for establishing the wind farm & selling the produced energy to himself or to contracted customers.

RFP – Request for Proposals will be available in hard copy from NREA premises or by email in electronic format starting 12/24/2012 with Euro 500 for each piece of land, to be deposited at BREA account as follows:

Bank Name: Arab African International Bank, Cairo. Swift Code ARAIEGCXXXX, A/C No. 6003364021. BEN Bank Name: Central Bank of Egypt – Swift Code CBEGEGC XXXX,

Beneficiary customer name New & Renewable Energy Authority NREA, A/C Euro 4082176165.

Specs Fees LEEURO 500

Bid Bond EURO 200,000 each

Performance Bond N/A

Deadline is Sunday February 24, 2013

Tender Issued by NREA –, the Purchases Dept

Type Government Agency

Address extension of Abbas El Aqqad St., El Zohour District, Behind Enppi Co., NasrCity, Cairo

Phone 02 – 22725894/3/2/1

Fax 02 – 22725895

Email nre@ldsc.net.eg

Disclaimer: Neither Africa Oil+Gas Report, nor its parent company Festac News Press Limited, nor any of its agents, is responsible for this transaction. This is just an announcement, a public notice, an advertisement.

Hataba Is The New Head Of Circle Egypt

Section: Petroleum People · January 2, 2013 · No comments |

Circle Oil has announced the appointment of Mr Hassan Hataba as General Manager for Circle Oil Egypt Ltd, effective 1 January 2013. Hassan holds a BSc. in Geology from Cairo University and has 37 years of oil and gas experience 25 of which he spent at a broad range of organisations including the Suez Gulf Petroleum Company (“Gupco”), a joint venture between Amoco, and later BP, and the Egyptian General Petroleum Corporation (“EGPC”). Hassan held a variety of positions at Gupco culminating in his appointment as Chief Geologist.

Following his career at Gupco, Hassan spent nine years as Undersecretary for Exploration and later Exploration and Production affairs at Egypt’s Ministry of Petroleum.

→ Read the rest of this entry

Jubilee Has Produced 50Million Barrels, Makes 105KBPD

Section: In the news · January 2, 2013 · No comments |

Seven acid stimulation operations have been performed in 2012
By Nkruhumah Odeaga

Jubilee field has produced over 50Million Barrels since first oil in December 2010 according to Kosmos Energy, the American independent in partnership with Tullow Oil and Anadarko. “Production is currently in excess of 105,000 barrels of oil per day”, the company says in an operational update. “Significant production growth has resulted from additional acid stimulation operations performed on some of the Phase 1 wells, as well as the startup of the Jubilee Phase 1A development plan.
Two additional acid stimulation operations on Jubilee Phase 1 production wells have been recently performed, at a gross cost of approximately $8 million per well”. Darrell McKenna, Chief Operating Officer, is excited. “The new production capacity demonstrates not only that we have solved the well productivity issues, but further confirms excellent reservoir performance”, he says in the update. “In total, seven acid stimulation operations have been performed in 2012, with all treated wells showing substantial productivity increases”.

→ Read the rest of this entry

China Inc. Buys Another 28,000BOPD Of Nigeria’s Production

Section: In the news · January 2, 2013 · No comments |

The takeover of Nexen Inc., the Canadian independent, by China’s CNOOC Ltd, means 28,000BOPD net production more from Nigerian oil fields for a Chinese company.

Nexen holds 20% equity in Nigeria’s deepwater Oil Mining Lease(OML130) which entitles it to 28,000BOPD of the gross 140,000BOPD. Nexen also holds a 40% interest in OML 115 in Africa’s largest oil producer, but that is a non- producing asset.

China “topped up” production from Nigerian oilfields in mid November 2012 when Sinopec bought TOTAL’s 20% in the same OML 130. The new acquisition by CNOOC, potentially pushes up China’s production from Nigeria to 209,000BOPD. This means that by the time the two transactions are completely approved, China Inc will be close to grabbing TOTAL’s position as the fourth largest producer of oil in Nigeria.

→ Read the rest of this entry

Congo Asset Weakens P A Resources’ Finances

Section: In the news · January 2, 2013 · No comments |

Lower than expected production from the Azurite field,in the Republic of Congo (Brazzaville), has significantly weakened the financial position and flexibility of P. A Resources, the Swedish independent. “The actual production from Azurite during 2012 turned out to be almost 10,000 barrels per day lower than the plan presented in 2010 and the total cash flow since 2010 has been more than $443Million below the plan”, the company declares in a report. “During the past two years it has become evident that the significant investment that was made by PA Resources in the field has generated a considerably lower return than anticipated” –The total investments in the field will most likely not be recovered and the Company has since 2010 written down the book value of the field at two occasions by $219Million and $202 Million respectively.

→ Read the rest of this entry

With $3.5Billion, ConocoPhillips Cashes Out Of Algeria, Nigeria

Section: In the news · January 2, 2013 · No comments |

Exploration project in Angola remains, so are producing fields in Libya

ConocoPhillips has agreed to sell its Nigerian and Algerian assets for a combined $3.54 Billion. It announced, within days of each other, agreements to sell its equity in Nigeria for $1.79Billion and the Algerian business unit for $1.75 billion.
The Nigerian assets are being acquired by Oando Energy Resources, the Toronto listed Nigerian independent. The Algerian assets are going to Pertamina, the Indonesian state hydrocarbon company.
The disposals of these African units, each delivering less than 50,000BOEPD, will allow the American independent to focus on its five “high-margin projects expected to account for 550,000 BOEPD by 2016”. The projects are in Canada, North Sea conventional play, American unconventional play, Malaysian deepwater and Australian Pacific LNG.

→ Read the rest of this entry

Advisory: So Much Under One Roof

Section: Petroleum People · December 28, 2012 · 2 comments |

When Gbite Adeniji left Aelex Nigeria, the commercial and litigation law firm, in 2010, there were whispers that the man had moved on again. He had co-founded the Law Union in 1995, arguably the largest commercial law firm at the time and worked in the Oil & Gas Policy Division of the World Bank. On return to the country in 2003, he had consulted for the Nigerian Government on some important assignment in the oil and mining sectors, including the downstream gas bill (now incorporated into the Petroleum Industry Bill). He left Aelex, which he also co-founded, after six years.

→ Read the rest of this entry

Oilmoz Maintains Its Wish For Large Scale Refinery

Section: Refining Gap · December 27, 2012 · No comments |

Mozambican state oil company Oilmoz insists it had reached an agreement with an unnamed American “sovereign trust” to help finance a proposed $12-billion, 350, 000 barrel-per-day oil refinery.

Fausto Cruz, the company’s chief executive, was reported as saying that “we have finalised the funding agreement and we expect to begin construction in the middle of 2013,”, told from Reuters quoted him as saying that funding had been guaranteed for up to $17-billion.

→ Read the rest of this entry

LUKOIL Extends Footprint In GOG

Section: Farm in, Farm Out · December 27, 2012 · 1 comment |

LUKOIL has acquired a 25% share in deepwater Block SL-4B-10 offshore Sierra Leone.

The Russian independent bought the stake from Talisman Energy, the Canadian minnow who is also the block operator. The remaining partners are Petronas (25%) and Prontinal (20%). SL-4B-10, covers an area of 2200 sq. km, in water depths ranging from 100 to 3000 m, and it adjoins SL-05-11 Block, where LUKOIL is an operator. An exploration well is currently being drilled on the Djembe structure from Stena DrillMax rig.

→ Read the rest of this entry

South Sudan Joins The League of Small Refineries

Section: Refining Gap · December 24, 2012 · No comments |

South Sudan has signed an agreement with an American engineering firm for the construction of 10,000BOPD mini-refinery. Ventech Engineers is expected to install the plant in the country’s Upper Nile State.

Stephen Dhieu Dau, the Petroleum Minister, says that South Sudan plans to expand the refinery to “20,000 barrels per day throughput capacity in a few years,” in a statement.

The refinery would be finished within 10 months, he says, meaning, around August 2013.