Page 18 - AfrOil Week 16 2022

AfrOil NEWS IN BRIEF AfrOil

Europa Oil & Gas owns 75% of the offshore
region, while Morocco’s energy and mines utility
ONHYM owns the remaining 25%. The discov-
ery was made in water depths ranging from 600
to 2,000 metres.
In August 2021, Europa Oil & Gas had
announced the acquisition of a permit to drill for
oil offshore Inezgane near Agadir. The following
month, it said it was hunting farm-in partners to
help fund exploration on its promising Morocco
licence.
bna/IntelliNews, April 20 2022
Cryospain to build to Italfluid Geoenergy in respect of the Phase 1 proposed Tendrara Phase 2 Development. The
mLNG development of the Tendrara Production Company is currently evaluating the term sheets
Morocco’s first LNG Concession, the Company is pleased to provide and looks forward to providing further updates
in due course.
the following update on project progress:
cryo-storage at Tendrara Italfluid has confirmed the issuance of purchase ing discussions with a number of international
mLNG equipment and services provider
In parallel, the Company is also progress-
Cryospain, a Madrid-based cryogenic firm, has orders for the gas processing and liquefaction upstream service providers in relation to the

won a contract for the construction of an LNG packages together with the LNG storage tank; potential provision of EPC services and vendor
storage tank at Morocco’s Tendrara concession. Site preparation activities by Italfluid and Sound financing for the development of the proposed
According to a company statement, Cryo- Energy at the Tendrara site location have com- central processing facility (CPF) and gas export
spain, which is involved in the design, manufac- menced and are ongoing; Italfluid is advancing pipeline, associated with the Tendrara Phase 2
turing, assembly and commissioning of liquid engineering in line with project schedule; Selec- Development. There has been strong interest
gas pressure storage tanks, has already started tion, by SEMEL, of engineering contractors for from credible counterparties offering the poten-
work on the flat-bottom LNG tank. The vessel flow assurance, flowlines and owner engineering tial to mature alternative or complementary
will be installed at Tendrara, one of the largest nearing completion; Wellhead servicing scope financing to debt and/or mezzanine financing.
natural gas sites in Morocco. finalised and contractor appointment progress- Sound Energy, April 14 2022
The Spanish firm has been tasked with build- ing; and Contract awarded by SEMEL to Petro-
ing the cryogenic tank and designing related civil leum Equipment Supply Engineering Company Kenya Pipeline Co.
works. It will also prefabricate the components in Limited to undertake scheduled inspection and
its two production facilities. Upon completion, routine maintenance of the wellhead Christmas takes over defunct
the firm will ship the tank components to the site tree assemblies on TE-6 and TE-7, the wells to
for assembly. supply the raw gas to the mLNG facility, with state oil refinery
The cryogenic tank, which will be the first of planning now underway for inspection and
its kind in Morocco, will have a capacity of 6,000 maintenance. Kenya’s state-owned refinery company KPRL
cubic metres. This will make it the largest tank Over the next six months, the following mile- has completed the sale of its assets to Kenya Pipe-
supplied by Cryospain. stones are scheduled: Completion of site access line Co. (KPC) in a move the government hopes
The tank is likely to be part of the micro-LNG road improvements; Placement of purchase will solve regional fuel crisis.
plant that Sound Energy is building at the Ten- orders for and execute flow assurance, flowlines The facility was first acquired by Shell and
drara concession. The company has said that and owners engineering scopes; Execution of BP, which in 2016 sold it to India’s Essar Energy
the facility will transfer 350mn cubic metres per TE-6 and TE-7 wellhead inspection and servic- Overseas Limited for $5mn. However, six
year of natural gas to the Gaz Maghreb-Europe ing; Flowline and associated equipment procure- months later, the refinery was again taken over
(GME) pipeline over a period of 10 years, while ment process to commence; and Italfluid will by Kenyan government after Essar failed to man-
also storing production from the concession in undertake the following: Complete Preliminary age it.
Morocco to be turned into LNG for industrial Engineering and progress Detailed Design Place The refinery stalled after government failed
use. remaining purchase orders for equipment/pack- to fullfil its commitment to inject about $1.3bn
bna/IntelliNews, April 19 2022 ages and bulks; Complete site preparation and into the plant to facilitate its smooth operations.
commence civils (foundations) works The acquired refinery storage tanks for fuel
Sound Energy announces Update: Following the execution of the condi- reduce a backlog at the terminal, Kenya’s Energy
Tendrara Phase 2 Development Financing and liquefied petroleum gas will be used to
operational update tional binding 10-year gas sale and purchase Permanent Secretary Andrew Kamau said, add-
agreement with ONEE announced on Novem-
ing that that the sale is in line with the revamping
Sound Energy, the transition energy company, ber 30, 2021, in respect of the proposed Tendrara of the new Kipevu Oil Terminal (KOT), which
has provided an operational and strategic Phase 2 gas development, the Company has been is expected to significantly reduce on products
update. able to advance discussions with a broad range of supply chain challenges.
Tendrara Phase 1 micro-LNG Development: financing partners. KPRL owns 45 fuel storage tanks with a total
Following the Company’s announcement on Consequently, the Company has received capacity of 484mn litres, of which 254mn litres
February 15, 2022, that Sound Energy Morocco non-binding terms sheets from a number of are reserved for refined products, while KPC has
East Ltd (SEMEL), Sound Energy’s wholly parties including banks and mezzanine financi- 11 tanks with a total capacity of 745.5mn litres.
owned subsidiary, had issued a Notice to Proceed ers relating to potential capital provision for the bna/IntelliNews, April 20 2022

P18 www. NEWSBASE .com Week 16 20•April•2022