Page 18 - AfrOil Week 49 2022

AfrOil NEWS IN BRIEF AfrOil

started work in partnership with Italy’s energy
group Eni to construct a 10-MW solar project
and a solar efficiency testing lab in Algeria’s Bir
Rebaa Nord inside the oil production complex in
the Berkine basin.
Earlier in March, Sonatrach’s CEO Tewfik
Hakkar told state TV channel ALG24 the group
will invest $39bn to boost Algeria’s hydrocarbon
output between 2022 and 2026. Of the total sum,
nearly $9bn will be spent in 2022.
bna/IntelliNews, December 8 2022

Yinson enters into
agreement for preliminary

activities for Agogo project

offshore Angola
UOG’s CEO Brian Larkin commented: “The memorandum of understand (MoU) with Hon-
ASW-1X well is targeting significant recovera- eywell to strengthen the sustainability and digi- Yinson Production through its wholly owned
ble resources across multiple separate horizons. talisation of Algeria’s energy sector through the subsidiary, Yinson Azalea Production, has
This key exploration well fits with the JV’s explo- exploration of carbon capture solutions and dig- entered into an Agreement for Preliminary
ration strategy of not only directly targeting ital technologies designed to reduce its energy Activities (APA) with Azule Energy, through its
significant volumes, but also for the potential to intensity, according to a report from Oil Review wholly owned subsidiary Eni Angola, to com-
de-risk a number of other similar structures in Africa published on Thursday, December 8. mence all preliminary activities for the provi-
this part of the licence. In the case of a commer- The MoU will allow both groups to identify sion, operation and maintenance of a floating,
cial discovery, ASW-1X would be completed as future opportunities for the deployment of Hon- production, storage and offloading asset for the
a production well and, subject to the granting of eywell technologies and best practices across Agogo Integrated West Hub Development Pro-
a development permit, be brought into produc- Sonatrach’s operations to improve overall effi- ject in Angola.
tion thereafter.” ciency of plant operations. Azule is Angola’s largest independent equity
United Oil & Gas, December 6 2022 Honeywell will also supply further digital- oil and gas producer, and a 50/50 joint venture
isation initiatives for predictive maintenance, between BP and Eni.
Algeria’s state energy system lifecycle management and operational The APA outlines both parties’ interests in
and cybersecurity upgrades across Sonatrach’s commencing preliminary work in order to meet
group Sonatrach signs tech different facilities, according to the report. the project schedule, while finalising firm con-
The MoU will also enable the localisation of tract(s) for the project. The term of the APA is
agreement with Honeywell technology and talent, opening the door for new 60 days with an approximate aggregate value of
training and skills development partnership
$218mn.
Algeria’s state oil group Sonatrach has signed a Sonatrach announced last month it had Yinson, December 5 2022

P18 www. NEWSBASE .com Week 49 08•December•2022