Page 11 - AfrOil Week 24 2021

AfrOil PROJECTS & COMPANIES AfrOil

Pharos Energy drills production

well at El Fayum concession

EGYPT EGYPT’S Pharos Energy has drilled a pro- unconventional oil-in-place (OIP) potential in
duction well at El Fayum, a concession in the tight organic-rich marls.
Western Desert. The well, known as Batran-1X, Future exploration drilling activity in the
encountered 15.85 metres of net oil pay in the proven basins of El Fayum and North Beni Suef
LARG and UB sands. will focus on near-field prospects close to exist-
The well was drilled at a fault-bounded and ing infrastructure and prospects with new play
three-way-closed dip prospect 4 km west of the potential. ™
Main Tersa-1X well. Additional thin pay zones
may also be present in the Abu Roash A, D, and
E sands, where oil shows were also encountered.
Readings confirm that the oil-bearing reser-
voirs are at initial pressure, the company said in
a press release.
The well will be completed as a potential
future producer in the LARG and UB reservoir
sections using a workover rig as part of El Fayum
field ramp-up.
Preliminary post-well in-place volume and
resource estimates for the LARG and UB dis-
coveries are 4.3mn barrels and 430,000 barrels
respectively. The unconventional Abu Roash F
play, which is considered potentially prospec-
tive over the northern half of El Fayum and
which was also encountered in the Batran-1X
well, has a further 1.5bn barrels of unrisked The El Fayum concession is in Egypt’s Western Desert (Image: Pharos Energy)

Yinson to carry out pre-FEED study

for FPSOs in Angola, Suriname

ANGOLA MALAYSIA’S Yinson Holdings has won a con- office had agreed to carry out the pre-FEED
tract from TotalEnergies (France) for a prelimi- study for a fee that both parties had approved.
nary front-end engineering and design (FEED) It also said it had agreed to complete the project
study of two floating production, storage and within 32 weeks of signing the agreement.
off-loading (FPSOs) units that the latter com- The study will provide TotalEnergies with
pany will use to develop fields offshore Suri- technical and commercial information, offer
name and Angola. solutions for reducing carbon dioxide (CO2)
Yinson announced the contract award in emissions and cover options for leasing and
a statement last week, saying that one of the operating the FPSOs. Flemming Grønnegaard,
planned FPSOs would be installed at Block 58 Yinson’s CEO for offshore production, com-
in Suriname’s offshore zone and at Block 20/11 mented: “The pre-FEED [study] is expected to
in Angola’s offshore Kwanza basin. create greater value for the projects by concen-
The former will be deployed to a site around trating on the optimising of the design and exe-
150 km from Paramaribo in 2,000-metre-deep cution strategy.”
water, while the latter will go to a site around 160 Grønnegaard went on to say that Yinson
km from Luanda in 1,400-metre-deep water, it looked forward to demonstrating its operational
noted. and technical capabilities to TotalEnergies and
The Malaysian company did not disclose the highlighted his company’s experience in both
value of the contract, saying only that its Oslo South America and Africa.

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