Page 13 - AfrOil Week 29

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nEWs in bRiEf
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upgrade project just as the market is showing a positive trend with an increasing number of both project awards and tenders. We very much look forward to working with Keppel on this project and are con dent that they, once again, can provide a high-quality, safe and on-time delivery to Yinson.”
e above contracts are not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current nancial year.
KEPPEl o&m, july 16, 2019
Totalendsroutineflaringat Egina
Total has achieved No-Routine-Gas-Flaring in operations on its egina FPSO, following the commissioning of Gas Compression System on the egina Field. Associated gas from the eld is now being compressed, transported via the Akpo/Amenam gas export line and monetised through the Nigeria LNG.
“Total has again honoured its commitment to the rule of law of its host country by
fully abiding by the Nigerian Government’s Gazetted Flare Gas Regulations of 2018. is landmark achievement, a rst of its kind in Nigeria further drives home Total’s ambition to be the responsible energy major by actively reducing our CO2 emission footprints in all our activities,” said the Senior Vice President Africa, Nicolas Terraz.
e egina Field is part of Total’s Oil Mining Lease (OML) 130, some 150 kilometres south of the Niger Delta region of Nigeria. First
Oil from the eld was achieved in December 29, 2018 and the eld is currently producing over 200,000 barrels of oil equivalent per day (boe/d). e are-out milestone will allow for sustainability of peak production of 200,000 boe/d over an estimated period of 4 years, with monetisation of about 124 million cubic feet of gas per day.
execution of the egina project also involved signi cant local content contribution in Nigeria, including the construction of
the First FPSO Integration Quay in Africa, fabrication and installation of six FPSO topside Modules, fabrication of the largest subsea production manifold in-country,
local fabrication of the rst buoy hull for turret system, in-country assembly of the
rst Integration Control and Safety System
for an FPSO and fabrication of more than 60,000 tons of equipment in-country. All these achieved with the rst Nigerian based FPSO Project Management Team, with over, 46 million direct man-hours performed in-country and over 569,000 man-hours of Human Capacity Development training across
all egina engineering, Construction and Procurement contracts.
Total is the operator of the OML 130
eld with a 24% interest in Partnership with CNOOC, SAPeTRO, Petrobras and the Nigerian National Petroleum Corporation as concessionaire.
total nigERia, july 18, 2019
East afRiCa
OCCRP names Trafigura in SouthSudaninvestigation
In 2015, the South Sudanese government launched a multi-million dollar project meant to develop farms that would feed its people and even export the surplus.
According to the US government, the farming project was instead used to cover up the sale of approximately US$150 million in weapons, including ri es, grenade launchers, and shoulder- red rockets. In December,
an Israeli security services rm contracted
to run the project, as well as its owner, were blacklisted for allegedly fuelling the con ict by supplying arms to both the government and the opposition. In its sanctions announcement, the U.S. Treasury Department mentioned — but didn’t name or blacklist — a “major multi-national oil rm” that was in
“close collaboration.”
Newly leaked internal documents, emails,
and other records obtained by OCCRP, as well as con rmation by two closely placed sources, show who that collaborator is likely to be: Tra gura Pte Ltd., an oil trading subsidiary of Tra gura Group Pte Ltd., one of the world’s largest commodity trading companies.
e sign outside Global’s o ce in Juba, South Sudan was removed a er a reporter’s questions about defense ministry connections.
e materials show that Tra gura transferred at least $140mn to South Sudan’s central bank, ostensibly as pre-payments for crude oil. ey also show that the government then transferred nearly the same amount to Global CST, the sanctioned Israeli company. e transfers go far beyond the $45mn allocated to the farming project, called Green Horizon.
e total amount transferred nearly matches the $150 million worth of arms the Treasury Department said Global CST’s owner sold to the government. Tra gura did not respond to speci c questions about whether its money may have been used as payments for arms.
e money paid to the Green Horizon farming project never showed up in the government’s budget, a lack of transparency troubling to human rights watchdogs. oCCRP, july 17, 2019
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