Page 12 - AfrOil Week 20 2022

AfrOil INVESTMENT AfrOil

The exit from SPDC is not expected to affect cultural, political and economic conflict with the
TotalEnergies’ plans for investing in Bonga, federal government.
Egina and other fields in Nigeria’s offshore zone, Other international oil companies (IOCs)
which is not subject to the same risk of conflict are also leaving the region; ExxonMobil (US),
with host communities. for example, agreed in February of this year
Most of the West African state’s onshore and to sell its stake in the Mobil Producing Nige-
shallow-water offshore oilfields are located in or ria Unlimited (MPNU) joint venture to Seplat
near southern regions that have a long history of Energy, a Nigerian firm. ™

ANPG urges investment in marginal fields

ANGOLA PAULINO Jerónimo, the board chairman of government’s previous decision to authorise a
Angola’s National Oil, Gas and Biofuels Agency plan for granting concessions for about 50 sites
(ANPG), has said that the development of mar- to foreign investors between 2019 and 2025.
ginal fields may help support efforts to stabilise To date, he noted, about half of these conces-
the country’s crude production levels. sions, or about 25, have been awarded to oil
Speaking at the 8th African Petroleum Con- companies.
gress and Exhibition (CAPE VIII) conference in Meanwhile, he said, ANPG is also eyeing
Luanda on May 16, Jerónimo noted that Ango- Angola’s onshore assets. The country’s “bidding
la’s marginal fields were estimated to hold about strategy, in addition to looking at the offshore, in
4bn barrels of crude oil. Encouraging the devel- deep and shallow waters and the onshore on the
opment of these sites will help give output levels coast, is also looking at the inland basins, with
a boost, he said. about 520 square km of sedimentary basins,” he
He did not say whether ANPG was keen to stated. At some of the sites in question, he added,
seek investors for any particular marginal field geologists have noted “asphalt shows on the top
projects, but he also described marginal fields of the surface.” ™
as potential targets for further exploration, say-
ing they could contain more reserves that could
replace mature fields that have been drained
after being online for decades.
Luanda is actually promoting the develop-
ment of marginal fields and encouraging inves-
tors to look for more oil within certain basins, as
well as pushing the legislature to pass laws sup-
porting such activities, he added. “This is what
we are actually doing,” he was quoted as saying
by Ver Angola.
Thus far, Jerónimo added, ANPG has yet to
draw up an exploration plan for analysing an
820,000-square km extension of the offshore
zone. He did not say why the agency had not
completed that task yet, but he did refer to the Jerónimo, shown speaking at the CAPE VIII conference in Luanda (Photo: ANPG)

PERFORMANCE
Imopetro head says Mozambique not at

risk of fuel shortages in near term

MOZAMBIQUE ABIBA Amade, director of operations at and no interruptions are expected.
Mozambique’s national fuel import concern Speaking at a press briefing in Maputo,
Imopetro, said on May 13 that she did not expect Amade said that Mozambique’s domestic fuel
petroleum product shortages in the near term, market was in relatively stable condition, despite
as import shipments have continued to arrive the recent fluctuations in world crude oil prices.

P12 www. NEWSBASE .com Week 20 18•May•2022