Page 11 - AfrOil Week 24

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opened a data room, including drilling and seismic information. It is being run by Morgan Stanley and Natixis.
e trader still has interests in Equatorial Guinea’s o shore, where it is participating in the Alen back ll plans, announced in April this year.
AAOG publishes report on TLP-103C
Anglo African Oil & Gas is pleased to announce the publication of a report commissioned from Havoc Partners, a team of geoscientists in Australia, to evaluate the results of the TLP-103C well in the Tilapia eld in the Republic of the Congo.
In dra ing the Report, Havoc reviewed
the interpretations by Schlumberger and Nutech of the wireline logs taken from the TLP-103C well. e Report states that “both reports have concluded that reservoir quality is between good and excellent, which supports a commercial decision to implement a plan to seek to produce from the Djeno.” e report is available to view on the company’s website.
AAOG is therefore developing a plan to produce from the Djeno via a re-entry of the TLP-103C well. Further announcements will be made in this regard in due course.
David Se on, Executive Chairman, commented, “ is report supports our view that we can achieve the company’s original and primary goal of producing oil from the Djeno. e team is nalising the operational logistics to achieve this and we intend rapidly to implement the production plan.”
aaog, june 14, 2019
Pelfaco signs up Congolese work
Nigeria’s Pelfaco signed a deal to work on the Sounda area, in Congo Brazzaville, on June 11. e deal was signed with the Congolese oil ministry and SNPC, Jeune Afrique reported. e participants noted the importance of
having an African company work on the o shore area.
Sounda is said to hold 32 million barrels
of reserves, with the licence running for 25 years. Pelfaco is run by Gesi Asamaowei, from Bayelsa State in Nigeria.
e report noted this was the second deal signed this year by Congo Brazzaville. In March, it struck a deal with the US-based Kosmos Energy.
Cote d’Ivoire working on licensing
Cote d’Ivoire is expected to nalise licensing for six blocks in June, according to OE Digital. is is intended to boost the West African country’s appeal for investment in its upstream activities and enable it double output by 2020 in line with the National Development Plan.
e country o ered 22 blocks in 2017, including these six. Cote d’Ivoire has seen
an increase in interest in the last year or
two, bolstered by stronger oil prices and a resolution to its maritime dispute with Ghana.
Centurion plans public listing
Centurion Law Group is set to become the rst African legal and energy advisory rm
to be publicly-listed this year, as it prepares to join one of Europe’s leading stock exchange. is represents a natural step for Centurion given the group’s strong market share within the oil & gas sector in sub-Saharan Africa and its increased activity.
Last year, Centurion acquired IMANI- African Lawyers on Demand to launch Centurion Plus, Africa’s leading exible legal services model that o ers cost savings and e cient exible legal services across the continent. rough Centurion Plus, corporate clients throughout Africa can select from a pool of approximately 190 carefully vetted,
on-demand attorneys for temporary and project-based legal services.
“Centurion has always di erentiated itself by its ability to adapt to change, get the deal done and being pan-African and Pro-African,” declared CEO NJ Ayuk. “ e African legal market has changed a lot and we are proud to be a leader for legal transformations in Africa. We are looking at being listed in a few months and are truly excited about this new phase of growth for the company and for our clients.” CEntuRion laW gRouP, june 17, 2019
ULO completes Gabon gas line work
ULO Systems has completed work on the Lucina gas line for Perenco in Gabon. O shore Mag reported that the company had supplied and installed grout bags, while also providing grouting equipment and quali ed manpower.
Ghana growth to slow in 2019
Ghana’s annual economic growth continued on a strong path at 6.3 percent in 2018, although at a slower pace than the 8.1% in 2017. is trend was led largely by a strong growth in mining, petroleum, agriculture and sustained expansion in forestry and logging, according to a World Bank report released today. Non-oil GDP reached a strong 6.5% growth in 2018.
e report projects Ghana’s economic growth to increase to 7.6% in 2019, driven
by both the oil and non-oil sectors. Growth in the non-oil sector is expected to accelerate as policy interventions in agriculture and industry will revitalize the productive sectors. WoRld banK, june 14, 2019
Nigeria output gains
Nigeria produced 1.987 million bpd in February, NNPC said in its recently released March report. e largest contributor to this were PSCs, which provided 22.957 million barrels during the month, while joint ventures gave 17.487 million barrels. NPDC produced 4.346 million barrels, while the alternative nance section was 6.673 million barrels and independents 4.178 million barrels.
Gas production reached 8,499 mmcf per day in March, from 7,962 mmcf in February. is was driven by JVs, which provided 5,916 mmcf per day, while PSCs provided 1,814 mmcf and NPDC 769 mmcf. e March
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