Page 17 - AfrOil Week 29 2022

AfrOil NEWS IN BRIEF AfrOil

INVESTMENT
Mozambique government

to announce results of
hydrocarbon licensing

round by December

The National Petroleum Institute (INP) of
Mozambique is scheduled to release the results
of the sixth hydrocarbon licensing round by
December 2022, reports say.
On Wednesday, July 13 Macao News cited
INP chairperson Nazario Balangane as say-
ing the government wants to see more invest-
ment into the country’s hydrocarbon potential.
According to the report, Balangane anticipates
developing the resources will allow Mozambique
to become a gas exporter.
“The Pande and Temane projects are already Turkey took the lead of destination countries and downhole tools as well as mud and cement-
advanced, but other opportunities arise, such as for Egyptian natural gas from January-March, ing services have been sourced out of the UK,
the Petroleum sharing agreement in Inhassoro. taking in $917mn, equivalent to a quarter of all France, US, Canada, Egypt and the Netherlands.
We also have Coral Sul, which is starting to come natural gas exports. Spain came in a distant sec- The well is anticipated to be drilled and com-
online. We want these projects to be developed,” ond, gobbling up $425.7mn worth of Egyptian pleted for rigless testing between September and
Balangane said as cited by Noticias. natural gas, followed by Indonesia ($317.8mn) October this year. The drilling window will be
The round was launched in November 2022. and France ($303.1mn). updated as well inventory arrives in Morocco
INP recently announced that 12 companies had Natural gas exports represent an important from overseas. Star Valley Rig 101 is prepared to
pre-qualified, including China National Offshore source of scarce foreign currency for Egypt help- commence drilling operations on instructions
Oil Corp. Hong Kong Holding Ltd (CNOOC), ing to support a precarious balance of payments from the Company.
Sinopec International Energy Investment Ltd, situation. Egypt became a net hydrocarbons The geological well programme and drilling
Eni Mozambico Spa, ExxonMobil Mozambique exporter in 2021 thanks to surging natural gas programme are currently being updated.
(Offshore) Ltd, PetroChina International Iraq prices on the global market and an uptick in sup- Well objectives: The well will test the Mou-
FZE and Total Energies EP New Venture. ply following the coming onstream of Eni’s Zohr louya Fan, previously designated the MOU-4
With an estimated 180 trillion cubic feet (5.1 offshore giant gas field touted to be the largest Fan. The extreme western feather edge of the
trillion cubic metres) of recoverable gas, chiefly discovery in the Mediterranean basin. Moulouya Fan was penetrated in MOU-1
in the offshore Rovuma Basin, Mozambique is bna/IntelliNews, July 20 2022 located approximately 8 km to the southeast of
regarded as one of the world’s most desirable the new step-out well. MOU-1 established the
destinations for investment in hydrocarbon Predator Oil & Gas Holdings presence of gas in the target section and con-
prospecting. firmed an over-pressured mudstone seal. Post-
Exxon Mobil (US), Eni (Italy) and TotalEn- issues drilling and well seismic ties validated a seismic amplitude
ergies (France) are among the operators of some signature for the MOU-4 Fan covering an area
blocks in the basin. Eni’s $4.7bn, 3.4mn tonne operations update of greater than 30 square km.
per year (tpy) Coral South floating LNG (FLNG) MOU-2 will test the core of the Moulouya Fan
facility is likely to begin production soon. BP is Predator Oil & Gas Holdings, the Jersey-based in a shelf slope position where seismic signatures
the exclusive off-taker of all its production. oil and gas company with operations in Morocco, indicate the presence of major channel systems.
bna/IntelliNews, July 20 2022 Ireland and Trinidad is pleased to announce a The well will provisionally be drilled to 1,500
drilling and operations update. metres TVD KB and is expected to encounter
Guercif Drilling Programme, Current status: the top of the Moulouya Fan between 1,130 and
PERFORMANCE The Company is in the process of completing 1,200 metres TVD KB. At this location the well
local permitting for the second of two alternative will be targeting a gross potential Moulouya Fan
Egypt’s natural gas exports locations for the step-out well to the MOU-1 well reservoir sequence of 110 metres. The potential
which was completed for rigless testing in 2021. for multiple gas-water contacts may exist as is
quadruple in value to The final location will be agreed following the the case in the Anchois discovery and appraisal
integration of reprocessed 2D seismic data that wells. However, at this well location there is little
$2.8bn in Q1-2022 have recently been received. Civil engineering seismic evidence for compartmentalisation of
works will commence this month to construct the target reservoir section.
Egypt’s natural gas exports quadrupled in terms the well pad for the step-out well now designated The well has been designed to test an inde-
of value to $2.8bn in the first quarter of 2022, MOU-2. pendent structural closure within the Moulouya
up from $559.9mn in the first quarter of 2021, Long lead equipment including well heads, Fan covering up to 11 square km., twice the area
Amwal Al Ghad newspaper reported. casing, cement, chemicals, drill bits mud motors of the original Anchois discovery well.

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