Page 14 - AfrOil Week 31 2022

AfrOil PROJECTS & COMPANIES AfrOil

Additionally, it will be a shareholder in New Gas Angolan assets in May 2021.
Consortium (NGC), a group formed to develop The two companies are also mulling the
the country’s non-associated gas resources in possibility of making similar arrangements in
order to increase the volume of feedstock deliv- Algeria, and in March of this year, they were
ered to Angola LNG. reported to be close to reaching an agreement
BP and Eni struck a deal on combining their on that front. ™

NGC makes FID on Angola’s first

non-associated gas project

ANGOLA ANGOLA is set to proceed with its first non-as- fostering the continued economic and social
sociated gas development project, as members development of Angola.”
of the New Gas Consortium (NGC) have made a It also expressed appreciation to Angola’s
final investment decision (FID) on the Quiluma Ministry of Mineral Resources, Petroleum and
and Maboqueiro offshore fields. Gas (MIREMPET) and the National Agency for
Italy’s Eni, a member of NGC, announced Oil, Gas and Biofuels (ANPG) for their support
the decision in a statement dated July 27. It said of the project.
the partners had green-lighted a development NGC’s shareholders include Eni, the opera-
plan that called for the installation of two off- tor, with a stake of 25.6%; CABGOC, a subsidi-
shore well platforms at the fields. NGC will also ary of Chevron (US), with 31%; Sonangol P&P,
build an onshore processing plant for natural a subsidiary of Angola’s national oil company
gas from Quiluma and Maboqueiro and a link (NOC) Sonangol, with 19.8%); BP (UK), with
to the existing Angola LNG plant that will allow 11.8%; and TotalEnergies (France), with 11.8%.
it to send its gas and condensate production to All of these companies (IOCs) are active in
market in the form of LNG cargoes. Angola’s offshore zone, and all are shareholders
The consortium intends to begin work before in Angola LNG, which operates a 5.2mn tonne
the end of this year, Eni said. The fields are then per year (tpy) gas liquefaction plant near Soyo in
slated to start production in 2026 and will even- Angola’s Zaire province.
tually yield up to 330mn cubic feet (9.35mn Equity in this onshore facility is split between
cubic metres) per day of gas, equivalent to about Eni, with 13.6%; CABGOC, with 36.4%; Sonan-
3.4bn cubic metres per year. gol, with 22.8%; BP, with 13.6%; and TotalEn-
Presumably, the processing plant will have a ergies, with 13.6%. The Angola LNG plant
capacity on par with projected peak yields. processes about 353bn cubic feet (9.996bcm)
The Italian major described the FID as “an per year of associated gas and natural gas from
important milestone towards unlocking new offshore fields operated by its shareholders. It
undeveloped sources of energy, sustaining a reli- has been operating below capacity for some
able supply of gas to the Angola LNG plant and time. ™

NGC will send gas from the two offshore fields to Angola LNG for processing (Image: Angola LNG)

P14 www. NEWSBASE .com Week 30 28•July•2022