Page 17 - AfrOil Week 10 2022

AfrOil PROJECTS & COMPANIES AfrOil

According to previous reports, the company between Eco Atlantic, the operator, with 50%;
aims to spud the well at a shallow-water site in Africa Energy (Canada), with 27.5%; Panoro
the second half of 2022, after it completes the Energy (Norway), with 12.5%; and Crown
acquisition of Azinam Group, an affiliate of Energy (Sweden), with 10%.
Bermuda-registered Seacrest Capital Group. Eco Atlantic talked up the potential of Block
Azinam has a 50% stake in and operatorship 2B in its statement, noting that the licence area
of Block 2B, which is in a shallow section of the was in the same basin as two major discoveries
Orange basin where waters range from 50 to 200 made recently offshore Namibia – Graff and
metres deep. Venus, which may contain more than 2bn bar-
Colin Kinley, the co-founder and COO of rels of light crude oil combined.
Eco Atlantic, offered a more specific estimate It is worth noting, however, that both of these
as to when work on the Gazania-1 well might finds are located in ultra-deepwater sections of
begin. “We are pleased to be making progress in the Orange basin and more than 200 km away
our exploration and drilling plans for 2022. We from Block 2B.
are planning for mobilisation of the rig in late That said, Azinam has found some oil at
August and to spud shortly after arrival, with the Block 2B. According to information posted on
experienced Island Drilling team and the Inno- Eco Atlantic’s website, an off-setting strat well
vator semi,” he said. drilled at the block in 1988 did encounter oil
Following the completion of the acquisition and flowed at a rate of 191 barrels per day (bpd)
of Azinam, equity in Block 2B will be divided during testing. ™

Schlumberger signs Tilenga drilling

services contract with TotalEnergies

UGANDA US-BASED Schlumberger said on Tuesday chain, education development, HSE [health,
(March 8) that it had agreed to provide drilling, safety and environment] stewardship, and digi-
completion and production services to TotalEn- tal enablement.”
ergies (France) for the Tilenga upstream project Tilenga is the main upstream component of
in Uganda. the Lake Albert Development Project, a $10bn
In a statement, the Euronext- and NYSE- initiative that aims to monetise Uganda’s crude
listed international oilfield services provider oil resources. TotalEnergies aims to launch pro-
(OSP) reported that it had signed a contract with duction at the site in 2025 and will eventually see
the French major. It did not reveal the value of yields top 200,000 barrels per day.
the deal but described the scope of the contract Most of the output from Tilenga will be
as “extensive”. More specifically, Schlumberger exported to the world market via the East Africa
said it would be providing services related to Crude Oil Pipeline (EACOP), the midstream
wellheads, directional drilling, artificial lift solu- component of the Lake Albert Development
tions, upper completions and lower completions Project. EACOP is slated to follow a 1,443-
within the framework of the Tilenga project. km route from Hoima in western Uganda to
The project will cover six separate oilfields the Tanzanian port of Tanga and will have a
near Lake Albert in western Uganda, with up to throughput capacity of 216,000 bpd. It will be
426 wells to be drilled from 31 wellpads, it noted, the world’s longest heated pipeline. ™
with Schlumberger slated to begin providing
drilling services in the fourth quarter of 2022.
Wallace Pescarini, the president of the com-
pany’s offshore Atlantic division, said Schlum-
berger was committed to supporting efforts to
foster economic growth and sustainable devel-
opment in Uganda.
“The Tilenga project is strategically sig-
nificant to accelerated economic growth in
Uganda. Schlumberger has committed to a
comprehensive national content development
plan, supporting TotalEnergies with environ-
mental, social, and governance (ESG) initia-
tives and in-country value creation,” he said in
the statement. “This will be achieved through
local capacity building, localization of supply Tilenga oilfields (Image: TotalEnergies)

Week 10 09•March•2022 www. NEWSBASE .com P17