Page 17 - AfrOil Week 16 2022
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AfrOil                                      NEWS IN BRIEF                                              AfrOil


             business new africa       bna/IntelliNews




       The additional amount will partly come from  especially now that Western nations are making   The first well in the 2022 drilling campaign,
       savings achieved by lower energy consumption  concerted efforts to shift the world’s dependency  the ASD-2 development well, started production
       – the subject of a campaign that the government  from fossil fuels to renewable energy sources.  at the end of March.
       has launched, encouraging firms to enroll. The   NCDMB, April 16 2022      ASV-1X exploration well has commenced
       initiative can save MAD740mn ($75.7mn) in                                drilling; this is the second well of the five-well
       fuel costs, the country’s water and power utility   Director charged in    2022 drilling campaign.
       ONEE has estimated.                                                        All of United’s production for the period was
       bna/IntelliNews, April 18 2022      Kenyan court for illegally           from United’s 22% non-operating interest in the
                                                                                Abu Sennan licence, Egypt, which is operated by
       Head of Nigerian Bar                filling LPG cylinders                Kuwait Energy Egypt (KEE). This data will vary
                                                                                quarter on quarter as development, appraisal
       Association visits NCDMB,           Abdikalik Mohamed has been charged in Ken-  and exploration operations continue.
                                           ya’s law court for filling LPG into cylinders of
                                                                                  The ASV-1X exploration well commenced
       seeks collaboration                 other brands without prior written consent.  drilling on the 14 April targeting mean recovera-
                                              The Directorate of Criminal Investigations  ble resources estimated by United at circa 2.6mn
       The 30th President of the Nigerian Bar Asso-  (DCI) said Mohamed, who is a director of the  barrels gross. The primary targets are sandstone
       ciation (NBA), Barr. Olumide Akpata recently  Green Gas company, faced charges at Mavoko  Abu Roash C (ARC) reservoirs, similar to those
       visited the headquarters of the Nigerian Con-  law courts after a total of 96 cylinders belonging  currently in production at the Al Jahraa field.
       tent Development and Monitoring Board  to other firms were seized from his premises.  The target for this well is in a fault-bounded
       (NCDMB).                               “The  director  of  a  gas-filling  plant  in  structure in the east of the licence. This is the
         In his remarks during the visit, the President  Mlolongo Machakos County was today  largest undrilled ARC structure on the Abu Sen-
       congratulated the Board for the giant strides it  arraigned in a Mavoko court for filling LPG into  nan licence. The ARC is currently in production
       had recorded in promoting the Local Content  cylinders of other brands without prior written  from a number of fields (Al Jahraa, ASZ, ASX,
       Act in the oil and gas industry and the impact  consent,” DCI tweeted on Wednesday, April 13.  ASD, El Salmiya) along a proven trend in the
       in the wider Nigerian economy, stressing that   In the operation conducted by detectives  north of the licence area. Success in this reservoir
       “Local Content must be replicated in other sec-  from the Serious Crimes unit last weekend, three  at ASV-1X would extend the play to the south
       tors of the economy.”               other suspects who were found filling the cylin-  and east, potentially de-risking additional pros-
         He also commended the Board for the con-  ders at the plant were also put behind bars.  pects in this area for future drilling targets. The
       tinuous support it had extended to the associ-  “Bidan Ndungu, Abdistar Maalim and  well will also penetrate the Kharita reservoir as a
       ation and the NBA Section on Business Law  Adankheir Mohammed were arrested and  stacked secondary target. The well is expected to
       (NBA-SBL) as well as the Judiciary. He further  a lorry found transporting the cylinders  be drilled and completed in approximately two
       solicited the Board’s support and collaboration  impounded. The suspects have since been  months.
       towards the Association’s Institute of Continuing  released on KES100,000 ($865.60) cash bail,”   United will be releasing its results for the full
       Legal Education, which is aimed at improving  said the DCI. Mlolongo is about 20.5 km from  year ending 31 December 2021 on the 26 April
       the capacity of Nigerian Lawyers.   Kenya’s capital Nairobi.             2022.
         While commending the Board, Akpata said,   Consumers who buy illegally filled cylinders   United Oil & Gas, April 19 2022
       “I am pleased to have been part of Local Content  are typically defrauded by under-filling. Safety
       Journey from inception till date.”  is also compromised, as illegally filled cylinders   Europa Oil & Gas discovers
         Welcoming the NBA President to the Board,  are not subjected to regular checks for dents and
       the Executive Secretary, Engr. Simbi Kesiye  other deformities.          1bn barrels worth of
       Wabote stated that Local Content is a strategic   bna/IntelliNews, April 18 2022
       national economic agenda, adding that one                                offshore oil in Morocco
       of the enablers of the Board’s 10-year strategic
       roadmap is the engagement of key stakeholders,   PROJECTS & COMPANIES    British gas explorer Europa Oil & Gas has dis-
       agencies and sectors of the economy.                                     covered 1 billion barrels of oil equivalent in
         The Executive Secretary who was represented   United Oil & Gas announces   Inezgane, an 11,228-square km basin offshore
       during the visit by the Head, Legal Services                             Agadir, southwestern Morocco, according to its
       Directorate, Barr. Naboth Onyesoh appreciated   Q1-2022 production update   annual report.
       the NBA delegation for the visit and assured that
       the Board will continue to collaborate and sup-  and drilling of ASV-1X well
       port the Association, adding that the NBA is a
       critical stakeholder of the Board.  United Oil & Gas has announced a quarterly
         He hinted that Section 51 of the Nigerian Oil  production update for the first quarter of 2022.
       and Gas Industry Content Development (NOG-  The first well in the 2022 drilling campaign, the
       ICD) Act of 2010 underlined the importance of  ASD-2 development well, started production at
       legal services to the Local Content sector. He  the end of March and the ASV-1X exploration
       further reiterated that the Board has organized  well has commenced drilling; this is the second
       workshops and lectures for judges and the judi-  well of the five-well 2022 drilling campaign.
       ciary to intimate them on the essence of the Act.  Q1-2022 production averaged 1,567 boepd
         Barr. Onyesoh urged members of the NBA to  (1,267 bpd oil and 300 boepd gas) net to United,
       take a deeper interest in the oil and gas sector  in line with H1 2022 guidance of 1,500-1,650
       which is the mainstay of the nation’s economy,  boepd.



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