Page 14 - AfrOil Week 11 2022

AfrOil PROJECTS & COMPANIES AfrOil

Geronimo Oil and Gas Services was set up to new process, they have to order the equipment
support the onshore and offshore activities from overseas,” Laba is quoted as saying. “They
of international oil and gas companies with buy from a supplier, let’s say in France, the sup-
upstream services in Ghana. plier then subcontracts this equipment to be
GMEA Group chairman Charles Laba said in built in China or US. It doesn’t matter where.
a presentation at the launch of the partnership in Those are brought back to France, assembled
Accra on March 9 that the project will see to the there, shipped to Ghana and the final assem-
engineering, procurement, fabrication, mod- bling is done.”
ular process package and assembly, inspection Ghana needs this initiative, he said. “We are
and testing of equipment for heavy industries in proposing something completely different. We
Ghana. are saying that once the order is done, bring it
The facility, which will be on a 9-acre plot, to us and let us build it here in Ghana. So, I’ll
will be at Takoradi, in the Western Region due be a bit obnoxious and go one step further and
to proximity to the oil and gas and mining sec- say, AKER a few months ago, announced that
tors as well as the affordability of lands in that they are acquisitioning FBSO. All the top site
area. The project is targetted for completion in modules on the FPSO, we can now build them
January 2023. here in Ghana. We don’t have to wait for them to
“Today, in the heavy industries – in oil and be built in Singapore. With this partnership, we
gas, mining, any other distilled industry, every hope other people come to Ghana and do the
time there is the need for the installation of a same. This is not only about us,” he continued. ™

Invictus, Exalo sign binding drilling

contract for Muzarabani-1 well

ZIMBABWE INVICTUS Energy has provided an update on
its 80%-owned and operated Cabora Bassa pro-
ject in Zimbabwe. In a statement dated March
10, the Australian company confirmed it had
executed a binding drilling rig contract with
European onshore drilling contractor Exalo
Drilling to drill the Muzarabani-1 exploration
well at one of the natural gas fields within its
licence area, which is known as Special Grant
4571.
The contract includes an option for the drill-
ing an additional exploration well as part of the
upcoming campaign, which is scheduled to start
in June, said Invictus, an ASX-listed independ-
ent upstream oil and gas company.
In December 2021, Invictus had signed a
memorandum of understanding (MoU) with
Exalo for the Exalo 202 rig, which has a drill-
ing range of 5,000 metres. The rig is currently Invictus is due to spud the Muzarabani-1 well in June of this year (Image: Invictus)
engaged in operations in Tanzania and is
expected to begin mobilisation to the Cabora identifying a potential second well to be drilled
Bassa project in May, said the statement. in the upcoming campaign.
Invictus also said it had wrapped up process- The SG 4571 licence area, located within the
ing its 2021 Cabora Bassa 2D seismic survey Cabora Bassa basin, encompasses the Muzara-
last week and that early data interpretation had bani and Msasa fields. Together, these two sites
revealed multiple trapping geometries and a tar- may hold a combined volume of 9.25 trillion
get-rich hydrocarbon environment. cubic feet (261.94bn cubic metres) of natural
The Australian company further stated that gas and 294mn barrels of gas condensate in
it had identified several potential well locations gross mean unrisked reserves. Muzarabani is the
for the Muzarabani-1 well targeting prospec- larger of the two fields, with 8.2 trillion cubic feet
tive resources of 8.2 trillion cubic feet (232.2bn (232.2 bcm) of gas and almost 250mn barrels of
cubic metres) of gas and 247mn barrels of con- condensate, while Msasa may contain 1.05 tril-
densate. It is now maturing additional prospects lion cubic feet (29.73 bcm) of gas and 44mn bar-
identified from the seismic data with the aim of rels of condensate. ™

P14 www. NEWSBASE .com Week 11 16•March•2022