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EGYPT development term and a five-year extension GHANA
term, modernises the fiscal terms to promote
Seven international investment across a broad range of commodity Ghana to set up
prices and merges the existing concessions to
companies win licences increase operational and financial efficiencies Technology Transfer
substantially.
in Egyptian bidding round bna/IntelliNews, January 2 2022 Unit in January 2022

Seven international companies were awarded Energean sees increased Ghana’s Petroleum Commission plans to set
exploration and production licences for eight up a Technology Transfer Unit in January 2022
oil and gas concessions in the Mediterranean, gas flow from North Idku, as part of measures to help build capacities of
the Western desert and the Gulf of Suez, Egypt’s indigenous companies (IGCs) so they can par-
Petroleum Ministry said in a statement. The North Amriya concessions ticipate in highly technical areas in the upstream
licences were awarded to Eni, BP, Apex Interna- oil and gas sector, The Ghanaian Times reports.
tional, Energean, United Energy, INA Naftaplin The Greek energy firm Energean sees new dis- The move follows a monitoring exercise
and Enap Sipetrol in Egypt’s inaugural digital coveries in its North Idku and North Amriya which revealed that many IGCs lack the capac-
tender for oil and gas exploration and produc- concessions in Egypt adding 150mn cubic feet ity to conduct core technical work on their own,
tion through Egypt Upstream Gateway (EUG). (4.25mn cubic metres) per day of gas, according while there was lack of readiness to learn from
Eight blocks, two of which are in the Medi- to a cabinet statement made after the company’s International Oil Companies (IOCs).
terranean, four in the Western Desert and two CEO Mathios Rigas met with Oil Minister Tarek This was disclosed by Commission chief
in the Gulf of Suez with a total area of about El Molla. executive Egbert Faibille Jnr at the 7th Local
12,300 square kilometres, were awarded with Energean will link the new wells to produc- Content in Accra held on December 14. He
a minimum investment of $250mn during the tion facilities in its Abu Qir concession and added that the situation had positioned expatri-
exploration phase in addition to a $23.7mn sign- accelerate plans for deeper exploration at the two ates to dominate the work.
ing bonus. The companies are required to drill a sites. In January, Energean said it expected the “What the Commission is trying to avert is
minimum of 33 wells. development of North Idku and North Amriya the situation where in 10 to 20 years’ time, the
bna/IntelliNews, January 5 2022 to deliver their first gas in the first half of 2022, story would be that it is only foreign entities that
yielding 49mn barrels of oil equivalent (boe), can do the high-end technical jobs,” he said, as
Eni to invest $1bn in 87% of which is gas. The company is investing quoted by The Ghanaian Times.
some $235mn to develop the concessions.
bna/IntelliNews, December 16 2021
Suez, Nile Delta oilfields bna/IntelliNews, December 16 2021

State-owned Egyptian General Petroleum Corp. REGIONAL
(EGPC) signed an agreement with Italy’s Eni to TUNISIA
invest at least $1bn in oil exploration activities in PetroNor E&P head
the Gulf of Suez and the Nile Delta, according to Tunisia to spend $2.5bn on
a statement posted on the Egyptian Ministry of reportedly held in Norway
Petroleum and Mineral Resources’ official Face- hydrocarbons, commodities
book site. in Africa corruption probe
The agreement was signed by Egypt’s Minis- and transport in 2022
ter of Petroleum and Mineral Resources Tarek El Knut Sovold, CEO of Africa-focused inde-
Molla, EGPC chairman Abed Ezz El Regal and The Tunisian government plans to spend pendent PetroNor E&P, has been detained by
Eni CEO of Natural Resources Activities Ales- TND7.2bn ($2.5bn), representing 5.3% of the Norwegian authorities as part of a probe into a
sandro Politi. country’s GDP, on hydrocarbons, commodities potential criminal offence, Upstream reported
bna/IntelliNews, January 3 2022 and transport projects, according to state news on December 16.
agency TAP, citing the country’s 2022 budget. “The investigation is related to projects in
TransGlobe’s PSA crude oil at $75 per barrel. Domestic hydrocar- any other company has been charged,” Okokrim,
The budget estimated the price of Brent Africa [...] neither PetroNor E&P Limited nor
with EGPC ratified bons production in 2022 is estimated at 2.22mn Norway’s national authority for the investigation
tonnes of crude oil and 2.268mn toe (tonnes of and prosecution of economic and environmen-
TransGlobe has received notification that its oil equivalent) of natural gas in 2022. The con- tal crime, is quoted as saying.
production-sharing agreement (PSA) with sumption of natural gas is expected to amount PetroNor operates or is a partner in multi-
Egyptian General Petroleum Corp. (EGPC) to to 5.778mn toe this year, up 1.6% on projections ple offshore licences in Congo-Brazzaville, The
merge, amend and extend its three existing East- for 2021. The consumption of refined petroleum Gambia and Guinea-Bissau; has a deal to farm
ern Desert concessions in West Gharib, West products will rise by 0.7% year on year in 2022. into OML 113, which hosts the Aje field, in
Bakr and North West Gharib has been ratified The government will import 2.944mn tonnes Nigeria; and was originally awarded two Senegal
into Egyptian law. of refined petroleum products in 2021, com- blocks, the subject of a long-running arbitration
The newly ratified agreement extends the pared to 2.905mn tonnes last year. process.
consolidated concession’s life with a 15-year bna/IntelliNews, January 3 2022 bna/IntelliNews, December 17 2021

P18 www. NEWSBASE .com Week 01 05•January•2022