Page 14 - AfrOil Week 41 2022

AfrOil PROJECTS & COMPANIES AfrOil

Dangote Refinery construction site (Photo: Twitter/@DangoteGroup)

State-owned Nigerian National Petroleum Co. of at least 33,000 bpd.
Ltd (NNPCL) has taken a 20% equity stake in The Dangote Refinery is expected to begin
the plant and has the right of first refusal with operating at an initial capacity of 560,000 bpd
respect to supplying feedstock to the refinery for next year. The facility is being built by the Dan-
processing over a period of 20 years. In practical gote Group, a privately-owned Nigerian indus-
terms, this means that NNPC Ltd has locked in trial conglomerate, in the Lekki Free Zone near
long-term plans to sell oil to the plant at the rate Lagos. ™

QatarEnergy to speed up development of

oilfields offshore Namibia, minister says

NAMIBIA THE head of QatarEnergy said on October 10 during a visit to the Southern African nation.
that the company wants to speed up the devel- “It’s not something that can be done very fast
opment of two oilfields it discovered off the and this is deep offshore development, so it has
Namibian coast with joint venture partners ear- its complications,” the minister said, as quoted
lier this year, Reuters reports. by Reuters. ™
Saad al-Kaabi, who is also Qatar’s energy
minister, said that drilling work is planned for
2023 to get a better understanding of the deliver-
ability and capacity of the two finds. However, he
did not indicate when the wells will be brought
into production, according to the news agency.
QatarEnergy has a 30% interest in the
Venus-1x well, while the field’s operator
TotalEnergies has 40%, Impact Oil & Gas owns
20% and state-owned National Petroleum Corp.
of Namibia (NAMCOR) has 10%. In the Graff-1
well, Shell and QatarEnergy each hold a 45%
stake, while NAMCOR owns the remaining
10%.
The partners have not yet detailed the quanti-
ties found, but Tom Alweendo, Namibia’s mines
and energy minister, told an industry confer-
ence in Dakar last month that the discoveries
are likely to be in the billions of barrels. He also
said that the joint venture partners could start
production in four years.
“We are trying to expedite that as fast as
possible to ensure we can get the development
finalised,” Al-Kaabi told reporters in Windhoek Oil has been found at Graff-1 and Venus-1x (Image: Sintana Energy)

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