Page 12 - AfrOil Week 35

AfrOil PERFORMANCE AfrOil

BW Energy went on to say Dussafu Marin’s gross
production had amounted to 1.45523mn barrels
of oil, equivalent to 15,991 bpd, in the second
quarter of this year. It did not provide a compar-
ative figure from 2019, but it did say that it had
sold 532,357 barrels of oil net between April and
June, down from 427,647 barrels net in the first
quarter of 2020.
Sale prices averaged $41 per barrel in the sec-
ond quarter, it noted.
All of Dussafu Marin’s production is com-
ing from four development wells – DTM-2H,
DTM-3H, DTM-4H and DTM-5H – drilled
at the Tortue section of the licence area. BW
Energy is using a floating production, storage
and off-loading (FPSO) vessel known as BW
Adolo to operate the wells, which registered
gross yields of about 18,000 bpd as of last week.
According to CEO Carl Arnet, the com-
pany has postponed the drilling of two more
development wells – DTM-6H and DTM-7H
– at Tortue. These wells are now scheduled to be
completed and connected in early 2021 and will
begin production in the second quarter of the
year, he said. Ruche lies within the Dussafu Marin block (Image: BW Energy)
Arnet also said BW Energy had not decided
when to resume work at the Ruche Exclusive financial robustness to pursue value-accretive
Exploitation Area (EEA) within Dussafu Marin. growth opportunities. We have responded deci-
The company will reactivate this project after it sively to changing market conditions and chal-
resolves difficulties arising from the coronavirus lenges posed by the COVID-19 pandemic. At
(COVID-19) pandemic, he said. the same time, we stand ready to resume activity
He added: “Our priorities are to keep peo- on the Dussafu licence as we further mature and
ple safe, maintain stable operations and ensure optimise development plans.” ™

EPRA head: Price hikes, imports

helped Kenya avoid fuel shortages

KENYA KENYA’S Energy and Petroleum Regulatory
Authority (EPRA) has said that recent price
increases and emergency procurement cam-
paigns are helping the country to avoid petro-
leum product shortages.
Mueni Mutung’a, the acting director-general
of the agency, told the Nation earlier this week
that supply conditions had not been favourable
at the beginning of August. This is largely a result
of the fact that demand for gasoline and diesel
has grown much more quickly than expected
since the end of June, when curfews and restric-
tions on movement began to be lifted, she said.
In April, she explained, Kenyan fuel traders
reacted to the demand destruction resulting Motor fuel demand has risen more quickly than anticipated in Kenya (Photo: NOCK)
from the coronavirus (COVID-19) pandemic
by scaling back their petroleum product import not able to access enough gasoline and diesel to
schedules for May and June. As a result, she said, satisfy customers. Some had no choice but to
when demand began rising again in July, some buy fuel from large companies at retail price,
traders – especially independent firms serving since they could not obtain it from wholesalers,
remote and isolated parts of the country – were she added.

P12 www. NEWSBASE .com Week 35 02•September•2020