Page 17 - AfrOil Week 39 2022

AfrOil NEWS IN BRIEF AfrOil

business new africa bna/IntelliNews

The 23.1mn barrel Venus field was discovered
in 2005 by Devon Energy, which filed a devel-
opment plan three years later before exiting the
block to eventually be replaced by VAALCO in
2012.
Over the past 10 years, economic and politi-
cal challenges largely prevented the Venus devel-
opment, until VAALCO recently re-examined its
viability amid Equatorial Guinea’s drive to max-
imise exploitation of hydrocarbons while com-
modity prices are booming, Upstream writes.
VAALCO reported on June 7 that it had suc-
cessfully completed the South Tchibala 1HB-ST
well, after wrapping up drilling operations from
the Avouma platform at the Etame Marin block
offshore neighbouring Gabon.
bna/IntelliNews, September 26 2022
PGS extends

Congo Vision coverage

The latest extension of the PGS Congo Vision
dataset will increase regional coverage by nearly
50%. Phase four reprocessing has begun and the
final fully reprocessed volume will be available
Located in Alrar, around 1,500 km southeast of develop its capability and capacity. I look for- in Q2-2023.
Algiers, the project will provide a new Central ward to seeing this in action through our deliv- The Congo Vision dataset provides a seam-
Processing Facility (CPF) with inlet separation ery of Tinrhert EPC2 with GCB and Petrofac’s less 3D KPSDM seismic volume across the shelf
and decarbonisation units. The scope of work participation in other future developments in and deepwater areas offshore Congo. Phases 1-3
also includes tie ins to the existing Alrar Sepa- Algeria.” have built a contiguous volume of over 8 900 sq.
ration and Boosting Facilities, along with com- Petrofac supports many of the world’s largest km broadband data, created from legacy datasets
missioning, start-up and performance testing. energy companies and has decades of experience that have been fully reprocessed using modern
When completed, the development will boost in Algeria, with a strong track record of local depth imaging workflows. Considerably uplifted
natural gas production and remove CO2 from execution. In 2018, the Company was awarded data quality allows regional interpretations to be
the field’s gas reserves, within specifications for a contract with Sonatrach for Tinrhert EPC1, made across the presalt section.
the global market, enabling further economic which, includes delivery of a new inlet separation Congo Vision Phase Four Begins: This project
growth in Algeria. and compression centre, successfully extending by PGS in partnership with SNPC will add an
A Memorandum of Understanding (MoU) the existing Ohanet CPF. Petrofac is committed additional 4 220 sq km of rejuvenated KPSDM
between Petrofac and Sonatrach’s Algerian to the development of local skills and support- data to the deepwater area, covering open blocks
Petroleum Institute (IAP) was also signed at the ing local supply chains. In 2010 the Company Marine XIX and Marine XXX. The data will be
ceremony. The collaboration is designed to build designed and built a construction skills training matched and merged with the existing Congo
local capability in support of Algeria’s nationali- centre in Hassi Massaoud with the capacity to Vision (phase 1-3 product) to create more than
sation objectives. train up to 400 Algerian delegates each year. 13 100 sq km of contiguous, rejuvenated seismic
The IAP was created in 1965, with the objec- Petrofac, September 29 2022 data offshore Congo.
tive of providing qualified personnel for the PGS, September 29 2022
development of Algeria’s energy industry. The VAALCO Energy gets
Petrofac/IAP partnership will modernise train- PGS scures MultiClient
ing schools, construct new facilities, and provide green light for $310mn
training and competence management solutions project in West Africa
for local engineers. In addition, Operations Venus project offshore
and Maintenance training programmes will be PGS has secured solid industry pre-funding for
implemented for both local and regional mar- Equatorial Guinea a MultiClient survey* in West Africa. The Ram-
kets. The MOU also encompasses the develop- form Atlas is scheduled to mobilize for the sur-
ment and roll out of e-learning resources. Equatorial Guinea has approved the Venus plan vey late October and acquisition is expected to
Manish Bhojwani, Petrofac’s Algeria Coun- of development hatched by VAALCO Energy complete early January.
try Manager, said: “Petrofac has deep roots in (US), stalled for 14 years, targeting first oil in “This is the first MultiClient project in West
Algeria, supporting the development of critical 2026, Energy Voice reports. Africa since early 2021 as we experience increas-
energy infrastructure and training the workforce VAALCO, the operator, has an 80% stake in ing demand for high-fidelity MultiClient data
of tomorrow. Our partnership with IAP will the project. The plan covers two development from our clients,” says President & CEO in PGS,
enable us to share our knowledge and exper- wells, an injection well and production facilities, Rune Olav Pedersen.
tise across the local supply chain as it seeks to with a total cost of $31mn. PGS, September 28 2022

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