Page 14 - AfrOil Week 06 2020

AfrOil
NEWS IN BRIEF
AfrOil
UPSTREAM
Tower Resources
completes site survey
for NJOM-3 well
offshore Cameroon
Tower Resources has provided an operational update on its work on the Thali licence, off- shore in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon.
The Geoquip Marine survey vessel MV Inves- tigator completed its survey at the NJOM-3 well site on the Thali block offshore Cameroon on Friday 7 February 2020, drilling three boreholes to a depth of 80 metres with alternating sampling and PCPT (piezocone penetration tests).
Although the analysis of the data will take some weeks, the Company’s initial view is that the data from the three boreholes are consistent andinlinewithpre-surveyexpectations.
Tower Resources, February 10 2020
Equatorial Guinea: Trident Energy commences new 4D seismic survey over Block G assets
Trident Energy commenced 4D seismic acquisi- tion operations on the 22nd January 2020, over its Block G assets, which contain the Ceiba and Okume fields, and are situated 15 km offshore in water depths ranging from 100 to 1,200 metres. The acquisition is being carried out by Polarcus Naila and the survey is expected to last 45 days in total, covering an area of 340 square km.
This will be the third 4D seismic monitor survey over the fields and the first by Trident Energy which has been operating the assets in partnership with Kosmos Energy since acquir- ing them in 2017. Since the last monitor survey in 2014 there has been continued production, the addition of new producer wells and improve- ments to the water injection pattern, all of which have altered the fluid flow patterns within the reservoir.
The results of the new 4D seismic survey, available in Q4-2020 following processing, will be used to quantify these changes in the reser- voir to create new development opportunities in 2021 and beyond that will build on the produc- tion optimisation already achieved by Trident Energy.
Trident Energy, February 05 2020
ReconAfrica announces
acquisition of modern rig
to execute Namibia drilling
programme
Reconnaissance Energy Africa is pleased to announce it has entered into a binding Asset Purchase Agreement with Henderson Rigs (Houston) for the acquisition of a Crown 750 drilling rig. The initial cost of the rig is US$1.8mn, of which the Company has provided Henderson Rigs with a non-refundable deposit of US$450,000 with the balance of US$1.35mn payable on or before February 10, 2020.
Shortly thereafter, Henderson Rigs will out- fit the Crown 750 with a best-in-class top drive system (for faster drilling rates) and ancillary equipment to acclimate the rig for drilling in the Kalahari Desert. These incremental improve- ment costs will be approximately US$1.2mn. Therefore, all-in costs when the rig is ready to
transport will be approximately US$3mn.
The Crown 750 was US manufactured and never been used. The rig is 1000 Horsepower equipped with two CAT 540 Horsepower Diesel engines, combined with a 440,000 pound hook load. Consequently the rig is rated to drill 12,000
vertical feet.
As a result of comprehensive discussions with
international drilling contractors, management concluded the acquisition of a company-owned rig is approximately 45% of the cost of hiring an international drilling contractor for its Namib- ian project. Further, by acquiring a rig located in Houston, there are significant time and cost benefits, as the rig will be shipped directly by sea from the Port of Houston to the Port of Walvis Bay, Namibia.
Once in Walvis Bay, the rig will be trans- ported over land by way of the paved highway directly to the Company’s Kavango Basin license area in NE Namibia. It is anticipated the rig will be on the first drilling location in the Kavango Basin by the second half of June.
“Of all the rigs we inspected, the Crown 750 hasalwaysbeenournumberonechoice,”stated Frank Seidel, President of Seidel Technologies. “With ReconAfrica’s emphasis on quality equip- ment and experienced people, I’m confident we can meet the Company’s drilling objectives in the Kavango Basin, on time and within budget.” Reconnaissance Africa Energy, February 04 2020
SERVICES
Airborne Oil & Gas
secures 10 km TCP
Flowline contract in Africa
Airborne Oil & Gas has been awarded its most significant flowlines contract to date, which will see the world’s leading manufacturer of thermo- plastic composite pipe (TCP) deliver a record 10 km length of its technology to a supermajor in West Africa.
This is the second award for TCP Flowline from the E&P organisation and follows on from an earlier successful delivery of a 4 km product, manufactured by Airborne Oil & Gas last year. The Netherlands-headquartered company is producing the 10 km TCP Flowline to support the operator’s brownfield, tie-back development project in the same field and region.
This repeat contract cements TCP’s position as a robust and cost-effective pipeline solution, particularly where corrosion mitigation is a major driver for clients. TCP is a non-metallic, composite pipe which delivers high levels of corrosion and fatigue resistance and therefore a significantly extended service life.
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Week 06 12•February•2020