Page 20 - AfrOil Week 05 2022
P. 20

AfrOil                           BUSINESS NEW AFRICA PREVIEW                                           AfrOil


           Click here for a preview of more O&G news from our new partner service


                                      business new africa





       TUNISIA                             it apportioned 50,000 tonnes for local use. This   NUPRC reports on payments
                                           year, he said, the consortium is set to deliver
       Zenith Energy sees oil              450,000 tonnes, or 100% of its output, to the   received from winners of
                                           domestic market.
       production in Tunisia               bna/IntelliNews, February 2 2022     marginal field auctions
       doubling by April 2022              Elumelu says Heirs Holding           Nigeria’s government has taken in approxi-
                                                                                mately NGN174bn ($420mn) from the second
       Zenith Energy has said its next planned inter-  sometimes loses over 50%   Marginal Fields Bidding Round (MFBR) as of
       national crude lifting of oil production from its                        January 28, according to Gbenga Komolafe, the
       Tunisian portfolio is scheduled for April 2022,   of its oil output to theft  head of the Nigerian Upstream Petroleum Reg-
       according to an updated statement. The Afri-                             ulatory Commission (NUPRC).
       ca-focused production and development energy  Tony Elumelu, the chairman of Nigerian inde-  Speaking at a meeting with winners of the
       company’s last sale of oil was introduced to the  pendent Heirs Holding, said on Tuesday (Feb-  MFBR in Abuja last week, Komolafe said that
       market on July 8, 2021.             ruary 2) that his company has at times lost more  128 of the firms that had been named as winners
         Zenith said earlier that its Ezzaouia conces-  than half of its Niger River Delta oil production  of the auctions had paid their signature bonuses
       sion in Tunisia producing at 500 barrels of oil  to theft.               in full or in part within the 45-day window
       per day (bpd) will perform sidetracks in two   “We produce sometimes about 87,000 bar-  after the conclusion of the contest. Another 33
       non-producing wells to maximise cost control.  rels per day [bpd],” he said during a lecture at  companies did not pay their bonuses and have
       It added it is expecting to achieve a gross pro-  the National Defence College in Abuja. “Thieves  accordingly forfeited their rights to other quali-
       duction rate of 1,000 bpd from the Ezzaouia con-  take 50,000 [barrels] per day.”  fied reserve bidders, he explained.
       cession upon completion of the two sidetracks.  Elumelu acknowledged that the oil theft   NUPRC is now making efforts to close out
         The company has finalised plans to drill Rob-  problem was widespread in the Niger River  the bidding round, he said. “It is pertinent to
       bana-3 (ROB-3) at the Robbana concession. The  Delta and noted the potential for harm to the  inform you that concerted efforts are being
       ROB-3 is a new well that will reach a total target  Nigerian economy. “[To] me, this requires a  made to ensure that the 2020 MFBR exercise is
       depth of approximately 2,500 metres.   national seminar or dialogue,” he was quoted as  completed within the shortest possible time,” he
         Based on current production from its  saying by the Punch newspaper.   commented.
       recently enlarged portfolio, Zenith will hold a   Oil theft is a factor that affects whether inter-  bna/IntelliNews, January 31 2022
       total of approximately 114,000 bpd in stock in  national oil companies (IOCs) invest in Nigeria,
       Tunisia, as of March 31, 2022.      Elumelu added.
       bna/IntelliNews, January 28 2022    bna/IntelliNews, February 2 2022     ANGOL A
                                           Sylva hails petroleum                Sonangol hopes new import
       NIGERIA
       NLNG hailed for directing           ministry’s performance               terminal will improve
                                                                                domestic fuel supplies
                                           Nigeria’s Minister of State for Petroleum
       all LPG production to               Resource Timipre Sylva delivered a favourable   Angola’s national oil company (NOC) Sonangol
                                           assessment of his agency’s performance, assert-
       domestic market                     ing on January 28 that the Federal Ministry of  is hoping that the launch of a new import termi-
                                           Petroleum Resources (FMPR) had carried out all  nal in Porto do Lobito will help improve supply
       The Nigeria LP Gas Association (NLPGA) has  of the tasks assigned to it by President Muham-  conditions on the domestic fuel market.
       hailed the Nigeria LNG (NLNG) consortium for  madu Buhari.                 The Porto Lobito terminal, which will serve
       its decision to direct all of its LPG production to   According to a statement read by Enefaa  fuel markets in the southern, eastern and central
       the domestic market.                Bob-Manuel, the ministry’s director of infor-  parts of the country, is still under construction.
         In a statement, NLPGA president and execu-  mation, Sylva told members of the ministry’s  Sonangol aims to finish the facility by year-end.
       tive council head Nuhu Yakubu said he expected  management and staff at a town hall meet-  At present, the NOC has only one terminal
       this move to help ensure Nigerian consumers’  ing that the state body was upholding all of its  that handles imported petroleum products. This
       access to LPG supplies. “In recent months past,  responsibilities.       facility, located near Luanda, is overloaded and
       Nigerians have had to pay significantly more to   “The Ministry of Petroleum Resources has  unable to optimise distribution operations in
       buy cooking gas owing to supply disruptions,” he  declared that it has delivered on all the priority  such a way as to prevent the smuggling of fuel,
       said. “This supply intervention move by NLNG  project areas assigned to the ministry by Presi-  according to Joaquim Fernandes, a representa-
       is expected to free up more volumes and have  dent Muhammadu Buhari,” he said.  tive of Sonangol.
       some cushioning effect on the high price of   This year is likely to prove very eventful for   To address this problem, Fernandes said,
       cooking gas, subject, however, to its realistic pro-  the ministry, and there will be a great deal of  the NOC has divided the country up into three
       duction output, as determined by other factors.”  work to do, he added. He also hinted that he did  delivery regions – north, east and south. Sonan-
         Yakubu noted that NLNG has been allotting  not expect the agency to start any major new  gol intends to look for ways to serve these three
       an increasingly large share of its LPG produc-  projects in 2022.        regions more effectively.
       tion to the domestic market since 2007, when   bna/IntelliNews, January 31 2022  bna/IntelliNews, February 2 2022



       P20                                      www. NEWSBASE .com                       Week 05   02•February•2022
   15   16   17   18   19   20   21