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The Most Profitable Deals Have Been outside Bid Rounds

The best example of an investor, in the Nigerian oil industry, who has succeeded in acquisitions outside bid rounds, is the Chinese Government.
By Toyin Akinosho,

To go by western media reports, China looms large in countries like Angola and Zambia and Tanzania, resource-rich African countries where the Asian tiger supposedly constructs massive infrastructure projects in exchange for payment with tones of mineral resources or thousands of barrels of oil per day.
In Nigeria, China is largely a contractor; it constructs roads and gets paid with hard cash. Yes? No?
Is that all?
Take another look..

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S.A Giant Plans A 175 MW Plant For Mozambique

Synfuels giant Sasol and Mozambican power utility EDM plan to build a $250Million gas-fired plant in the south of Mozambique.
The 175 MW facility will be owned as a joint venture by Sasol and EDM, with EDM taking a 51% stake. The plant will be fuelled by Mozambican gas from the Pande/Temane field, operated by Sasol.

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Siemens In Billion Dollar Windy Entry Into South Africa

Siemens has secured a $1.152Billion order to deliver 60 wind turbines for the 138MW Jeffrey’s Bay wind power plant in the Eastern Cape, South Africa.

The German firm will supply the wind turbines, each with a 2.3MW capacity and a rotor diameter of 101metres, for the Jeffrey’s Bay plant, in addition to servicing the wind turbines for a period of ten years.

The project is part of the construction of  several renewable energy plants, which would cater to the country’s desire for clean electricity. Turbines and equipment will be delivered to a consortium comprising of Mainstream Renewable Power, Globeleq, Thebe Investment, Enzani Technologies, and Usizo Engineering.

Siemens says that this  order marks its market entry into South Africa’s wind power sector.

Since July 2012, Siemens has received a total of 16 orders for over 270 onshore wind turbines from Europe and South Africa.

NAPE Gets A Female President-In-Waiting

Adedoja Ojelabi has been elected the President-Elect of the Nigerian Association Of Petroleum Explorationists(NAPE), the largest single body of petroleum geoscientists on the African Continent.

Ojelabi(Mrs.) was elected unopposed at the annual general meeting of the association, in the course of the 30th International Conference, which ended on November 15, 2012.

“I won’t be president until November 2013”, Ojelabi, an earth scientist with Chevron, the American major, declared to well-wishers after the announcement. “I will be Mr Osahon’s Girl Friday until then”.

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NAPE Elects Eight(8) New Fellows

The Nigerian Association of Petroleum Explorationists conferred its high honour-“Fellow of NAPE(fnape)” on eight members of the association at its last annual conference IN MID November 2012.

The new fellows include Tola Adeogba, General Manager for Onshore/Shelf exploration at  Shell Petroleum Development Company of Nigeria; Lanre Osho, Reservoir Engineering Manager at IDSL, an oil service subsidiary of the state hydrocarbon company NNPC; Mustafa Jibril, Manager, PSC/JOA Coordination for Esso Exploration and Production, a Nigerian subsidiary of ExxonMobil,

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Chevron Makes Four Billion In Angola

Chevron and its Partners have produced over four billion barrels in Block 0, offshore the Cabinda enclave in Angolan territorial waters. The four billion Barrel mark was achieved sometime before June 2012.

In 1958, Cabinda Gulf Oil Company Limited (CABGOC), Chevron’s wholly owned operating unit in Angola, drilled its first onshore well. Its first discovery however came offshore, eight years later. CABGOC — together with its partners, Sonangol E.P. (41%), TOTAL Petroleum Angola Ltd (10%) and ENI Production B.V. (9.8%) —made its first discovery in 1966, which led to delineation of Block O’s Malongo Field.

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Exoil Drills BAB-1 In Grombalia

Exxoil Tunisie has spudded the Bou Argoub-1 (BAB-1) exploration well in the South West Belli area of the Grombalia Permit, near the Belli, El Manzah, and Beni Khaled fields.

The BAB-1 well has an expected total depth of 1,350 metres and is targeting a fault-bounded structural culmination crossing two vertically stacked fractured carbonate reservoirs, the Eocene Bou Dabbous Formation and the Late Cretaceous Abiod Formation. These are the main oil-producing formations in the north-eastern part of Tunisia.
Following completion of the BAB-1 well, the rig will move south to the Ras Marmour Permit in preparation to drill the Sedouikch commitment exploration well. This well has an expected total depth of 2,350metres and is targeting the Early Cretaceous Lower Meloussi sands, productive in the nearby Robanna and Mazrane Fields.

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Horn Returns To The Seismic Board

After two disappointing wells back to back, Horn Petroleum is focused on preparations for a seismic acquisition in Somalia. The campaign, targeting the Dharoor PSA , will include a regional seismic reconnaissance grid in the previously unexplored eastern portion of the basin.
Efforts are now focused on identifying a drilling location in the western portion of the basin where an active petroleum system was confirmed by the recent drilling of Shabeel-1 and Shabeel North-1. This seismic programme is expected to commence in the first half of 2013.
The company continues to pursue efforts to drill an exploration well in the Nugaal PSA and is working with the Puntland government authorities to move this project forward.

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KenGen Plans 14 Portable Geothermal plants

Kenyan utility KenGen is planning to build 14 temporary geothermal plants with a total capacity of 65MW by 2014.
The scheme follows the completion of the piloting of a 5MW portable station in late 2011.

Each of the portable plants is expected to take about six months to complete. KenGen managing director Eddy Njoroge said that portable plants will allow early generation, unlike conventional plants that take nearly ten years to implement.

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AP Shoots Large In The Transform Margin

African Petroleum completed a   4,200 sq km 3D seismic survey over Blocks CI-513 and CI-508, in early October 2012. The work was done by the Chinese geophysical contractor BGP Marine (Prospector PTE Ltd).
The acquisition commenced in April 2012, using the 12- streamer vessel “BGP Prospector”, and the CI-513 survey was completed in mid-July 2012. The vessel continued onto the CI-508 & CI-509 survey, which was completed post quarter end, on 9 October 2012.
The CI-508 survey was being acquired by African Petroleum on behalf of Vitol and partners over Block CI-508, and is subject to a cost sharing agreement executed in June 2012, whereby all seismic acquisition and processing costs are shared on an equal basis.

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