Page 21 - AfrOil Week 03 2021

AfrOil NEWS IN BRIEF AfrOil

to also comprise flagship centres including the
Search, Rescue and Surveillance Command and
Control Centre, National Improved Oil Recov-
ery Centre (NIORC), Oil and Gas Dispute Res-
olution Centre (DRC), Oil and Gas Competence
Development Centre and Integrated Data Min-
ing and Analytics Centre. The various centres
serve to fulfill a range of strategic objectives,
from establishing industry-wide safety practices
to generating strategies for improved oil recov-
ery (IOR) methods. “The NIORC will focus on
the implementation of a robust national IOR
framework to enable the country optimise its
resources, as well as create greater opportunities
for operators,” said Auwalu.
Meanwhile, the Oil and Gas DRC will provide
Within West Africa, Senegal has gained most event in Senegal with full government support arbitration, mediation and conciliation services
attention with the Sangomar field development, that opens up national and regional opportuni- to the local petroleum sector in a bid to boost its
a $4.2bn investment with production potential ties across the scope of the energy transition. The competitiveness on the global stage.
of up to 100,000 barrels per day (bpd), as well 2021 programme will unite leaders and projects “The DRC is structured to adequately resolve
as the Grand Tortue/Ahmeyim (GTA) develop- representing the full spectrum of energy activi- disputes in a manner consistent with regulatory
ment led by BP and Kosmos, which is estimated ties, from oil and gas exploration to renewable and commercial interests of the industry,” said
to hold 100mn barrels of oil equivalent in nat- energy developments, local goods and service Auwalu. “This will address sub-optimal devel-
ural gas reserves. Looking beyond Senegal, the provision, infrastructure, finance and power opment of oil and gas assets associated with lin-
massive 50 trillion cubic feet (1.42 trillion cubic production and distribution. The organiser will gering disputes and the attendant consequences
metres) natural gas discovery made by Kosmos work with all actors in the MSGBC region and of value erosion in terms of national resource
in Mauritania in 2019, the nearly 5bn barrels of international delegations in oil, gas and power growth. It will also improve global competitive-
oil estimated to be present in Gambia’s blocks sectors, from government officials to private sec- ness, investment attractiveness, government take
A1, A2, A4 and A5, and new entries and drilling tor players, to define opportunities and help new and investor’s profitability.”
programmes in Guinea-Bissau, Guinea (Cona- and existing investors find success in the market. Africa Oil & Power, January 19 2021
kry) and elsewhere in the region, show that Africa Oil & Power, January 19 2021
opportunities abound. Chairman of Libya’s NOC
The region has very strong economic ties to
North America, having a long legacy of welcom- POLICY meets with Ghat MP
ing US investment as well as US private compa-
nies operating in the energy sector. This strong Nigeria: President Buhari In the continuation of previous meetings with
connection was further reinforced in 2020 municipalities and local officials in the Fazan
with the signing of an MoU between Senegal’s to launch National Oil and regions, Chairman of the Board of Directors
national utility Senelec and national sovereign Mustafa Sanalla met on Tuesday, January 12,
fund FONSIS with General Electric for invest- Gas Excellence Centre 2021 at the headquarters of the National Oil Cor-
ments in health and power infrastructure worth poration (NOC) in Tripoli, with the Member of
$200mn. This connection is expected to be fur- Nigerian President Muhammadu Buhari is set Parliament for Ghat, Saleh Himma
ther reinforced in the coming years and will be to virtually inaugurate the National Oil and Gas During the meeting, the NOC’s support and
at the very centre of MSGBC Oil, Gas & Power Excellence Centre (NOGEC) in Lagos on Janu- the urgent needs of the people of the beloved
2021. ary 21, according to the Department of Petro- South were discussed. In this regard, an estab-
“There is no better time to be in West Africa leum Resources (DPR). The Centre serves to lishment of a gas recovery unit in Al-Sharara oil
than now, and Senegal is at the heart of the enhance the performance of the Nigerian oil and field was discussed, where the NOC studied it
opportunities. The projects are there, many gas industry by making gains in safety, value and and is unable to finance it with the budgets or
investors have already succeeded, but viable cost efficiency. contributions allocated to it by foreign partners.
projects across the value-chain still need FDI. “The integrated centre will also entrench This project is considered as the final and effec-
The regional market is full of opportunity for the Nigeria’s status as a regional leader and position tive solution to provide the product of cooking
right investor, particularly those with a holistic the nation for significant global impact in the gas in all regions of the South once and for all.
view of the energy sector and a long-term eye on provision of value-added services and break- “We assure to our people in the beloved South
the energy transition,” said Renée Montez-Av- through solutions for the industry in years and that once the NOC gets the required budgets
inir, Managing Director at Africa Oil & Power. decades to come,” said Sarki Auwalu, Director of that it needs to implement vital projects that will
“MSGBC Oil, Gas & Power 2021 will pro- the DPR. support the national economy in the short and
vide just the place for the right investors to dis- In addition to partnering with operators and long term, and the completion of the necessary
cover deals, partners and clients that will not technology innovators in research and devel- maintenance operations in various fields of its
only benefit their companies, but the energy opment efforts,the Centre will collaborate with companies, which will contribute to increase the
sector and the region’s economy at large”, added international oil and gas regulators to exchange production rates, and most importantly, support
Montez-Avinir. knowledge and operational best practices. for the neighboring regions,” Sanalla said.
MSGBC Oil, Gas & Power 2021 is the sole According to Auwalu, NOGEC is designed NOC, January 12 2021

Week 03 20•January•2021 www. NEWSBASE .com P21