Page 11 - AfrOil Week 29

AfrOil
nEWs in bRiEf
AfrOil
Joint Statement on Hostilities in Tripoli
The governments of egypt, France,
Italy, the United Arab emirates, the United Kingdom, and the United States
of America reiterate their deep concern about ongoing hostilities in Tripoli,
call for an immediate de-escalation and halt to the current fighting, and urge
the prompt return to the UN-mediated political process. There can be no military solution in Libya. Persistent violence
has claimed nearly 1100 lives, displaced more than 100,000, and fueled a growing humanitarian emergency. The ongoing confrontation has threatened to destabilize Libya’s energy sector, and exacerbated
the tragedy of human migration in the Mediterranean.
We note our deep concerns about the ongoing attempts by terrorist groups to exploit the security vacuum in the country, call on all parties to the Tripoli conflict
to dissociate themselves from all such terrorists and individuals designated by the UN Sanctions Committee, and renew our commitment to see those responsible for further instability held accountable.
We fully support the leadership of UN Special Representative of the Secretary- General Ghassan Salamé as he works to stabilize the situation in Tripoli, restore confidence in order to achieve a cessation of hostilities, expand his engagement throughout Libya, promote inclusive dialogue, and create the conditions for the resumption of the UN political process. We need to re-energize UN mediation, which aims to promote a transitional government representing all Libyans, prepare for credible parliamentary and presidential elections, enable a fair allocation of resources, and advance the reunification of the Central Bank of Libya and other Libyan sovereign institutions. We also call on all UN member states
to fully respect their obligations to contribute to Libya’s peace and stability, prevent destabilizing arms shipments, and safeguard Libya’s oil resources
in accordance with Security Council resolutions 2259 (2015), 2278 (2016), 2362(2017),and2473(2019). Finally,we remind all Libyan parties and institutions of their responsibility to protect civilians, safeguard civilian infrastructure, and facilitate access to humanitarian supplies. us Embassy in libya, july 16, 2019
WEst afRiCa
Schlumberger’s West Africa rise
Revenue increased in the Sub-Sahara Africa GeoMarket—particularly in West Africa, Nigeria, Angola, Gabon, and equatorial Guinea—as rig counts climbed, well intervention activity increased, and new integrated drilling projects began.
O shore Angola, Wireline used formation- testing-while-tripping (FTWT) technology
in an exploration well for eni and reduced operating costs by $10mn. is is the result
of decreasing rig time more than two weeks compared with standard drillstem testing (DST) operations. Combined with the
InSitu Fluid Analyzer* real-time downhole uid analysis system and Saturn* 3D radial probe, FTWT technology helped con rm the presence of oil and estimate the reservoir’s productivity index. e customer was able
to con rm the reservoir’s potential and book additional oil reserves.
sCHlumbERgER, july 19, 2019
Ghana blocks too small, ministry complains
Ghana’s Ministry of energy has blamed the lack of comprehensive data on Ghana’s oil blocks as well as the small size of the blocks as some of the reasons for the low interest in the maiden licensing bid rounds for the six oil blocks.
e government, through the energy Ministry,inOctober2018,earmarkedsixoil blocks for exploration and production. Sixteen oil and gas rms were initially selected early this year to the nal stage of the Oil Licensing Round.
eNI and Vitol, as well as Tullow Ghana Limited, were the only companies that submitted bids for block three, with First e&P
submitting bid for block two. explaining the issue, deputy Minister
for energy in-charge of Petroleum, Dr. Mohammed Amin Adam explained that the government has done its assessment on the responses it received from the companies and has taken steps to address them. “Basically, two major issues emerged, the rst one is that the data that we already have on those blocks was not comprehensive enough and therefore they didn’t have enough data to enable them to make commercial decisions so we have to improve on the quality of the data,” he stated.
According to him, the second issue that came up was the size of the acreage, which he said was too small for most of the companies compared to the o ers they get from other oil-rich countries. “For some of them, their exploratory strategies require them to operate in larger acreages and there are a number
of countries that will give larger acreages to companies. If they compare what they get
as per their strategies with what they were o ered, our acreages or blocks were smaller in size and therefore it was inconsistent with their strategies”
PEtRolEum Commission gHana, july 16, 2019
NNPC, Shell hold talks
e Management of the Nigerian National Petroleum Corporation (NNPC) and its age- long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow existing business relationship aimed at growing the nation’s crude oil reserves.
Welcoming the high level Shell delegation ledbytheVice-PresidentofShellNigeria
and Gabon, Mr. Peter Costello, to the NNPC Towers, Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, acknowledged the fact that Shell was its oldest and biggest partner in upstream operations and would continue to enhance the relationship for the bene t of the industry.
Week 29 23•July•2019
w w w . N E W S B A S E . c o m
P11