Page 8 - LatAmOil Week 50 2020
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                         Santos is planning on drilling the Tanumbirini  position after being replaced by the US.
                         2H and Tanumbirini 3H horizontal wells in   “We have to set our sights on Trains 8, 9 and
                         EP 161 next year. EPs 136 and 161 lie adjacent  10,” Attah said. He also called for Nigeria to
                         to Origin Energy and Falcon Oil & Gas’ EP76,  expand its use of gas at home, in areas ranging
                         where all civil engineering and constructions  from petrochemicals and power generation to
                         have been completed and the 76-N2H horizontal  motor transport and home cooking.
                         well is planned for 2021.              In other news over the past week, Kuwait has
                           Tamboran CEO and Managing Director Joel  brought on stream its largest crude distillation
                         Riddle said: “In total, this area may see between  unit (CDU) at the Mina Abdullah refinery. The
                         three and five new delineation wells or results  unit was launched as part of Kuwait’s Clean Fuels
                         over the next year, making this one of the most  Project (CFP), which involves the upgrade of the
                         active onshore exploration plays globally. These  Mina Abdullah and Mina Al Ahmadi refineries
                         next 12 months are crucial as the Beetaloo grad-  to increase their output and create cleaner and
                         uates from being viewed as an exploration play  higher-value products. Meanwhile in the UAE,
                         to the world-class commercial development  state-owned ADNOC launched a second trading
                         opportunity that we believe it is.”.  arm focused on refined products.

                         If you’d like to read more about the key events shaping   If you’d like to read more about the key events shaping
                         Asia’s oil and gas sector then please click here for   the downstream sector of Africa and the Middle East,
                         NewsBase’s AsianOil Monitor.         then please click here for NewsBase’s DMEA Monitor.  Both NLNG and

                         DMEA: Nigeria’s unfulfilled gas potential   EurOil: EU takes tougher climate action EU  the government
                         Nigeria needs to make more use of its abundant  leaders agreed on tougher climate goals on   have complained
                         gas resource in order to bring down energy costs,  December 11 following some 10 hours of talks,
                         lower its emissions and spur economic growth,  overcoming opposition from certain members.   about Nigeria’s
                         Nigeria LNG (NLNG) CEO Tony Attah said at a  The bloc will now strive towards a 55% reduction
                         conference last week.                in greenhouse gas (GHG) emissions by 2030 ver-  slow pace in
                           While Nigeria is better known as Africa’s big-  sus the level in 1990. This compares with a pre-
                         gest oil producer, it also holds 200 trillion feet  vious aim of 40%.     growing its LNG
                         (5.4 trillion cubic metres) of proven natural gas.   The deeper cut will require major changes in   export capacity
                         According to the NLNG head, “it’s about time  the energy and transport sectors, the European
                         Nigeria really takes advantage of this resource.”  Commission has said, as well as the mass retrofit
                           The consortium’s LNG plant on Bonny Island  of buildings to make them energy-efficient and
                         can produce up to 22.5mn tonnes per year (tpy)  able to charge electric vehicles (EVs).
                         of LNG. The consortium last year took a final   Investment will be most significant in coun-
                         investment decision (FID) on adding a seventh  tries that currently have a higher reliance on fos-
                         train and de-bottlenecking the project, which  sil fuels.
                         should expand its output to 30mn tpy in 2024.  While wealthier states such as France and
                           Both the consortium and the government  Germany that already boast significant clean
                         have complained about the country’s slow pace  energy capacity supported tougher action,
                         in growing its LNG export capacity. The coun-  coal-dependent countries in Europe’s east such
                         try was the world’s fourth-biggest LNG exporter  as Poland and the Czech Republic initially came
                         until last year, when it moved down to fifth  out against the proposal.



       P8                                       www. NEWSBASE .com                      Week 50   17•December•2020
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