Page 13 - AfrOil Week 34 2021

AfrOil PROJECTS & COMPANIES AfrOil

Renergen signs LNG deal with Consol Glass

SOUTH AFRICA SOUTH Africa’s Renergen revealed last week aims to use LNG from the Victoria project as
that it had agreed to supply LNG to Consol fuel for long-haul trucks. The French major will
Glass, a Johannesburg-based supplier of glass use its branded filling stations along the Johan-
packaging materials. nesburg-Durban section of the N3 highway to
In a statement, Renergen said it had signed a distribute LNG from the first phase of Rener-
five-year agreement with Consol Glass. Under gen’s plant.
that document, the former company will begin The South African firm has said that it
deliveries to the latter in January 2022, shortly intends to launch the first phase of the Victoria
after the commissioning of the first phase of its gas project before the end of this year. It will be
Victoria gas project. extracting natural gas from fields near Welkom,
Renergen has not yet revealed the value of the Virginia and Theunissen in Free State and using
deal. It did report, however, that it was slated to this gas as feedstock for an LNG plant that is still
supply LNG to Consol Glass at the rate of about under construction. Once the facility comes
14 tonnes per day, equivalent to 5,110 tonnes online, it will halt production of CNG and
per year (tpy). Delivery volumes will be lower switch to LNG.
initially, owing to the need for equipment test- The company hopes to bring the second stage
ing, but will ramp up to the contracted level of of its gas liquefaction plant on stream in 2023.
14 tonnes per day over a period of three months, The facility will include a helium unit, as the
it explained. Victoria fields contain unusually high volumes
The company noted that the deal with Con- of helium. Sproule, an international energy
sol Glass would be its first supply agreement that consulting firm, estimates that these sites may
did not involve providing LNG for use as a vehi- hold as much as 9.74bn cubic metres of helium,
cle fuel. Renergen’s first major customer was a or more than the total proven reserves of North
subsidiary of TotalEnergies (France), which America. ™

APT, Aminex win two-year extension

for Ruvuma exploration licence

TANZANIA UK-BASED Aminex and its partner ARA determine the size of the Ruvuma block’s gas
Petroleum Tanzania (APT), an affiliate of ARA reserves. Earlier this year, APT estimated that
Petroleum of Oman, have secured an extension Ntorya, the largest field within the licence area,
to their exploration licence for the Ruvuma contained 3.024 trillion cubic feet (85.63bn
block in southern Tanzania. cubic metres) of mean risked gas in place (GIIP),
Aminex announced the extension on August with mean risked recoverable gas in place at 1.99
18, noting that Tanzania’s Ministry of Energy trillion cubic feet (56.35 bcm). It drew up those
had prolonged the term of the licence for two figures after completing a technical programme
years. The licence is now due to expire on August that involved revised mapping and internal
15, 2023. Over the next two years, the partners management estimates.
are slated to acquire 200 square km of 3-D seis- The partners had previously estimated that
mic data, to drill the Chikumbi-1 exploration the Ntorya field might hold 763bn cubic feet
and appraisal well and to wrap up negotiations (21.607 bcm) in recoverable reserves. APT has
on the terms of the production-sharing agree- agreed to cover up to $35mn of Aminex’s share
ment (PSA) that concern natural gas. of the cost of developing these reserves.
Work on the seismic survey is due to begin Charlie Santos, the executive chairman of
before the end of the third quarter of 2021. APT Aminex, expressed satisfaction with recent
and Aminex have already completed the tender- developments. “We are delighted to receive
ing process for the seismic survey contract and the extension to the licence and appreciate the
are waiting for the Ministry of Energy to give a Ministry of Energy’s steadfast support,” he said.
green light for work to proceed. The partners are “We are also thankful for APT’s diligent efforts
then due to spud the Chikumbi-1 well early in to secure the extension and look forward to
the third quarter of next year. updating shareholders on further progress in
The exploration programme will help due course.” ™

Week 34 25•August•2021 www. NEWSBASE .com P13