Page 20 - AfrOil Week 10 2022

AfrOil NEWS IN BRIEF AfrOil

Rwanda hikes motor spud mid-to-late May.
Mark Reid, CEO of SDX, commented: “I am
fuel prices as of March 6 pleased to announce the spudding of the first
well in the South Disouq 2022 drilling campaign.
The Rwanda Utilities Regulatory Authority This campaign will further explore and exploit
(RURA) has raised retail prices for motor fuel the potential that we see in the South Disouq
in response to the upswing in world crude oil area and, if successful, could extend the pro-
prices, effective March 6. duction life of the asset by a further two to three
Following its latest bimonthly review of oil years. I look forward to updating the market fur-
market trends, RURA announced that the price ther as the campaign progresses.”
of gasoline, also known as premium motor spirit SDX Energy, March 8 2022
(PMS), would go up from RWF1,225 ($1.17) per
litre to RWF1,256 ($1.20) per litre. The price of Zenith Energy mobilises
diesel (automotive gasoil), meanwhile, has risen
from RWF1,140 ($1.09) per litre to RWF1,201 workover rig to ROB-1
($1.15) per litre.
RURA also drew attention to the Rwandan drilling site in Tunisia
government’s ongoing practice of subsidising on an investment plan.
domestic fuel prices, saying that gasoline would Zenith Energy has announced that a workover Sound Energy signed a 10-year binding LNG
have risen to RWF1,346 ($1.29) per litre and rig will shortly be mobilised to the Robbana con- sales agreement for the Phase 1 development
diesel to RWF1,204 ($1.15) per litre without this cession (onshore Tunisia) to commence opera- covering the sale of around 100 mcm of gas in a
policy. The subsidies have been in place since tions in well Robanna-1 (ROB-1). liquefied form per year.
May 2021, when Rwanda’s government adopted The workover rig will re-enter ROB-1 and In late December last year, the company
them in a bid to counter the economic impact pull the tubing string out of hole. A specialised secured binding conditional agreements for
of rising world crude prices in the wake of the Schlumberger wireline unit will subsequently MAD167mn ($18mn) of financing for the first
coronavirus (COVID-19) pandemic. perform logging operations to confirm casing phase of Tendrara LNG in Morocco.
The next review of fuel prices will take place integrity and, in the event of casing damage bna/IntelliNews, March 9 2022
on May 5, RURA noted. being identified, perform the necessary repair
bna/IntelliNews, March 7 2022 work. Senegal: Bureau Technical
Andrea Cattaneo, Chief Executive Officer of
Zenith, commented: “We are cautiously optimis- Services to assist Subsea 7
PROJECTS & COMPANIES tic that we shall successfully achieve sustained
daily oil production from ROB-1. As shown by on Sangomar project
SDX Energy spuds SD-5X this well intervention and the upcoming drilling
of ROB-3, the Robbana concession is one of our UK-based Bureau Technical Services has agreed
well at South Disouq primary areas of operational focus, following an to provide Subsea 7 with quality assurance and
quality control (QA/QC) services at Sangomar,
in-depth geological and reservoir review per-
SDX Energy, the MENA-focused energy com- formed by our Tunisian team. All additional an oil-bearing block offshore Senegal, Offshore
pany, has announced the spudding of the SD-5X production to be obtained from ROB-1 will fur- Energy reported on Wednesday (March 9).
exploration well, targeting the Warda prospect ther increase Zenith’s record revenue generation According to the report, Bureau Technical
in the South Disouq development lease. SD-5X and associated profitability in the current energy Services’ contract will cover the fabrication of
spudded on 4 March 2022 and is expected to pricing climate.” 46 pipeline end terminations (PLETs), as well
reach TD in approximately three weeks. The Zenith Energy, March 8 2022 as in-line tee structures (ILTs) and 43 support
primary target, which has already been encoun- structures. More than 50% of the PLETs and ILTs
tered in the Ibn Yunus and Sobhi field reservoirs, Sound Energy extends gas are slated to have CRA clad piping, and some of
is the basal Kafr El Sheikh sand at around 6,800 the ILTs will require insulation, Offshore Energy
feet (2,070 metres) TVDSS. supply deal with Morocco’s noted.
The well is targeting an estimated gross The value of Bureau Technical Services’ QA/
unrisked P50 EUR of 11 bcf (311.5 mcm) and ONEE for three more months QC services contract with Subsea 7 has not been
has a 40% chance of success. In a success case, disclosed.
SD-5X will be tied-in to the CPF via the existing London-listed upstream gas company Sound Subsea 7 is working at Sangomar within the
SD-4X flow-line and should be on production by Energy and Morocco’s state energy utility framework of its partnership with OneSub-
the end of June 2022. ONEE have extended a gas sales supply agree- sea, Offshore Energy noted. The partners won
SD-5X is the first of three wells to be drilled ment signed by both sides for an additional three a contract from RSSD, the Australian-led joint
in the South Disouq area during 2022. The sec- months. Both parties agreed on the extension for venture that is developing the Sangomar block,
ond well in the campaign will be the SD-12_East meeting technical and financing requirements, in 2020. Under the contract, they will provide
well on the Sobhi Field (planned spud of mid- Sound said in a statement. engineering, procurement, construction, trans-
April). SD-12_East will target an estimated gross The deal was signed in November 2021. It portation and installation service for the Sango-
unrisked P50 EUR of 7 bcf (198.2 mcm), and will covers gas supplies from the second stage of mar Field Development Phase-1 project’s subsea
be followed by the MA-1X well (Mohsen) target- Sound’s Tendrara gas project in Morocco over 10 umbilicals, risers and flowlines (SURF) system
ing an estimated gross unrisked P50 EUR of 21 years. Envisaging 350mn cubic metres of annual and associated subsea production systems (SPS).
bcf (594.7 mcm). The Mohsen well is planned to deliveries, the contract supports Sound to decide bna/IntelliNews, March 9 2022

P20 www. NEWSBASE .com Week 10 09•March•2022