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The Hilli Episeyo is the first vessel ever to be converted to an FLNG unit (Photo: Golar LNG)
“Golar has been a meaningful partner for the Sanaga, a field offshore Cameroon that is being
past several years, and we have appreciated the developed by Perenco (Norway) and Société
opportunities to collaborate with them as we Nationale des Hydrocarbures (SNH), the
continue to advance NFE’s mission to bring national oil company (NOC). The partners pipe
more affordable, reliable and cleaner energy to production from the field to an onshore treat-
customers around the world.” ment facility for processing before delivering it
Karl Fredrik Staubo, the CEO of Golar to the FLNG.
LNG, also expressed satisfaction with the deal. According to previous reports, the Hilli
“Today’s announced transaction increases Episeyo is the first vessel in the world to be con-
Golar’s portion of cash flow generation from verted to an FLNG unit.
[the] Hilli’s existing contract until July 2026,” he The ship began its life as one of Golar LNG’s
said. “We have enjoyed the collaborative rela- 125,000-cubic metre tankers and was converted
tionship with NFE and look forward to observ- to an FLNG unit at the Keppel shipyards in Sin-
ing their continued contribution to expanding gapore at a cost of $1.2bn. It is anchored near
the global LNG market.” the Cameroonian port of Kribi and has been in
The Hilli Episeyo processes natural gas from operation since May 2018.
PERFORMANCE
Nigeria’s oil and gas industry poised for
resurgence in 2023, Hawilti report says
NIGERIA NIGERIA’S oil and gas industry is expected estimated to reach 400,000 barrels per day (bpd)
to experience a resurgence in 2023, according in 2022, compared to 725,000 bpd in 2020. In
to a recent report by investment research firm 2023, Hawilti forecasts a a strong but not full
Hawilti. recovery towards the 2020 figure.
In the past few years, the industry has been Investment in midstream and downstream
plagued by theft, illegal refineries and the van- infrastructure by onshore operators is also
dalism of pipelines. But the resumption of noted as a key factor for the industry’s recovery,
operations at onshore export terminals and reducing their reliance on third-party export
increased offshore drilling have given rise to the pipelines.
positive outlook. The Hawilti report further states that the
The Hawilti report projects an improvement market is witnessing increased demand for
in onshore volumes and growth from shallow additional storage capacity and refining infra-
water projects, along with a significant increase structure from both large and marginal field
in drilling activity from various onshore operators.
operators. Nigeria is the largest producer of crude oil
The country’s onshore oil production was and natural gas in sub-Saharan Africa.
P8 www. NEWSBASE .com Week 06 09•February•2023
