Page 9 - AfrOil Week 41 2022

AfrOil INVESTMENT AfrOil

The Block C, GTA and Yakaar-Teranga licence areas are adjacent to each other (Image: Kosmos Energy)

GTA is being developed in phases and will even- give BP and Kosmos access to the BirAllah and
tually produce at least 5mn tonnes per year (tpy) Orca discoveries offshore Mauritania. Together,
of LNG. In turn, GTA is adjacent to Yakaar- the two fields are believed to hold more than 50
Teranga, a block offshore Senegal where BP and trillion cubic feet (1.42 trillion cubic metres)
Kosmos have found gas. The two companies also of gas. This is more than the other two blocks
intend to extract gas from this site and will sup- put together, as GTA contains around 15 tril-
ply production to Senegal’s domestic gas market lion cubic feet (425bn cubic metres) of gas and
as well as an LNG plant. Yakaar-Teranga has about 25 trillion cubic feet
Meanwhile, the Block C8 agreement will (708 bcm). ™

HEPL asserts legitimacy of

claim to Atala marginal oilfield

NIGERIA NIGERIA’S Halkin Exploration and Produc- that its claim to Atala is legitimate, according
tion Ltd (HEPL) has dismissed allegations that to a report from The Guardian (Nigeria) dated
it acquired control of Atala, a marginal field for- October 12.
merly known as OML 46, through underhanded Osagie Amusa-Eke, the company’s director
means. of communications, told reporters that HEPL
Members of the Senate, the upper house had acquired control of Atala in the expected
of the country’s Parliament, had demanded manner after the original holder – a joint ven-
earlier in October that the Nigerian Upstream ture formed by BOCL, Hardy Oil Nigeria and
Petroleum Regulatory Commission (NUPRC) Century Exploration and Production – did not
explain its decision to revoke the original licence uphold its obligations. Neither NUPRC nor its
that the government had awarded for the field predecessor within the Department of Petro-
and transfer control to HEPL. Since then, how- leum Resources (DPR) acted improperly, he
ever, the company has sought to demonstrate asserted.

Week 41 13•October•2022 www. NEWSBASE .com P9