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Sobande Caught In GE’s African Expansion

Section: Petroleum People · May 29, 2013 · 1 comment |

Gbolahan Sobande is caught up in General Electric’s ambitious growth plan for Africa. America’ largest industrial group has focused more on emerging markets in the past few years and has claimed ‘localisation’ as one of its key priorities. Sobande, who retired in 2009 as General Manager Finance JV & PSC Liaison at Shell Nigeria, is one of the several select heads working for localizing the GE workforce on the continent. “GE head hunted me via an executive of the Nigerian National Petroleum Corporation (NNPC), says Sobande, a trained mechanical engineer. “When I found that my objectives in retirement (training and support for Nigerian content development) could also be met via GE, without jeopardising the work we were doing under GSO&G/AVODAN, I decided to join them.

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Egypt Appoints New CEO For EGPC

Section: Petroleum People · May 29, 2013 · No comments |

Egypt’s new Petroleum Minister, Sherif Haddara, immediately named his former colleague Tarek El-Barkatawy, as chief executive of state-owned Egyptian General Petroleum Corp., or EGPC.
Haddara, also from EGPC, is the third Petroleum Minister since Hosni Mubarak was overthrown in the Arab Spring revolt of February 2011. He took over from Abdullah Ghorab.
Egypt has interesting energy challenges. It boasts the largest refining capacity on the continent and yet faces acute shortage of diesel. It has over 60Tcf of gas, some of which feed two large LNG Trains, but as it consumes more gas than any country on the continent it has found itself desperate for natural gas import.

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EGPC Wants Supply of 1.08Million Tons Of Fuel Oil

Section: Tenders · May 21, 2013 · 1 comment |

Egyptian General Petroleum Corporation (EGPC) is seeking tenders for supply of 1.08Million tons of fuel oil for delivery at Suez Port during the second half of 2013. EGPC requests the order to be delivered over 30 shipments each ranging from 24,000tons to 36,000tons. Deadline: May 28, 2013.

Namcor Wants Lead Advisor On Dilution Of Interest in Kudu Gas Field

Section: Tenders · May 21, 2013 · 5 comments |

The National Petroleum Corporation Of Namibia (Proprietary) Limited (NAMCOR).

Request For Tenders to act as lead advisor on dilution of interest in the Kudu gas field. Tender NO: NC/003/13. NAMCOR holds a 54% interest in the Production Licence 003 (Kudu Licence). NAMCOR together with its upstream partners, Tullow Kudu Limited and CIECO E&P (Namibia) Co. Ltd are developing the upstream (offshore) portion of the Kudu Gas Field located 130 km offshore the south-west coast of Namibia, in the Orange Basin.

Closing date: Friday, 24 May, 2013 – 12:00

Nigerdock Wants A Structural Superintendent, In Nigeria

Section: Vacancies · May 21, 2013 · No comments |

What they are looking for:
– Tertiary qualification in engineering, construction or project management is desirable
– Must have relevant experience in Oil and Gas industries
– Strong supervision experience including the ability to lead and manage change is desirable
– 10 – 12 years experience in similar role.
If you are interested to work in Nigeria and fulfill the above minimum requirements, please send your updated CV to mai@executivesolutionsme.com and write “Structural Superintendent” in the subject line.
(Please note that only submitted CVs will be considered.

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, an advertisement.

Kosmos Throws $75Million In The Hole

Section: Oil patch Sub-Sahara · May 21, 2013 · No comments |

By Toyin Akinosho
American minnow, Kosmos Energy will record approximately $75 million to exploration expense in its second quarter 2013 results, “associated with the results” of the Sipo-1 well, onshore Cameroon.

The highly publicized wildcat, drilled on the Ndian River Block in the Rio del Rey Basin(a finger of the Niger Delta Basin), failed to encounter commercial reservoirs. Kosmos says, however, the minor “oil and gas shows evidenced during drilling indicated a working petroleum system”.

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Sahara Shops For A Rig

Section: Oil patch Sub-Sahara · May 21, 2013 · 1 comment |

Sahara Energy plans to move rig to a location on the Oki field in Nigeria’s Oil Prospecting Lease(OPL) 274 in June 2013. The company is working on contracting a rig. It’s interesting; for a company that has held some of the best prospects in the Niger Delta basin for upwards of seven years and never for once moved on to a drilling location.
Last February, Sahara completed acquisition of 500sq km of three dimensional ( 3D) seismic on the lease, which cost $40Million.

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Lekoil Inches Closer To A Prized Asset

Section: Farm in, Farm Out · May 21, 2013 · No comments |

Nigerian minnow, Lekoil inched closer to having a prized hydrocarbon asset last week with its farm in agreement with Afren PLC to acquire an overall 30% economic interest, including a 17.14% participating interest, in OPL 310, located offshore Lagos, Nigeria, in the Benin Basin. The acreage is squarely in the West African Transform Margin, where the promising cretaceous plays offshore Ghana, Cote D’Ivoire, Liberia and Sierra Leone reside.

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East Africa On Sale

Section: Farm in, Farm Out · May 21, 2013 · No comments |

By Sa’d Bashir, in Dar es Salaam.
East Africa is experiencing a major sale season in the hydrocarbon property market, and it doesn’t matter whether Tanzania, Kenya, Mozambique or Uganda has opened any bid round.
China National Petroleum Corporation(CNPC)’s payment of $4.21bn for a 20% stake in Eni operated Area 4, off Mozambique, is major signal that the stakes are heavenward in those countries located in the vicinity of the Indian Ocean. The deal gives the Chinese giant a large share in the block’s massive gas reserves, and reduces Eni’s exposure to the development costs. Eni is the operator of Area 4 and now has a 50% participating interest. The other partners, apart from CNPC of the are Galp Energia(10%), KOGAS(10%) and ENH(10%, carried through the exploration phase).

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Nigeria: Vandals Drain Profits Out Of Marginal Fields

Section: In the news · May 2, 2013 · 1 comment |

Four Nigerian marginal fields, with total output of 22,000Barrels of Oil Per Day(BOPD), resumed production last weekend, after more than two months of complete shut in, with nary a drop of oil out of the hole.
Indeed, they have been out of production in four out of the last seven months.

The fields were shut in between October and December 2012, reopened and shut-in again from mid-February to the last week of April 2013.

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