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INVESTMENT
Mozambique pre-qualifies

12 oil companies in sixth
licensing round

Mozambique has picked 12 companies for
pre-qualification in its sixth licensing round for This was despite production being affected With the three software programmes donated
hydrocarbons. Thirteen companies had submit- by poor weather conditions in February and by the dGB Earth Science and GeoSoftware, stu-
ted bids but the National Petroleum Institute more severe water cuts than anticipated at South dents will be trained comprehensively for the oil
(INP) dropped Nigeria’s Aiteo Eastern Explora- Ghazalat in the Western Desert. and gas industry.
tion and Production. In the Eastern Desert, TransGlobe continued Despite the legislative instrument governing
INP said in a statement on Wednesday, April using the EDC-64 drilling rig in its campaign, in the sector, which is supposed to provide locals
6, it had selected CNOOC Ltd of China, Sinopec which the company managed to case and drill with the requisite expertise, local participation in
International Energy Investment, Eni Mozam- three additional development wells located in Ghana’s oil and gas industry remains an elusive
bico, ExxonMobil Mozambique, Petro China K-Field, Arta Field and NWG-Field during the subject as local capacity is almost non-existent,
International Iraq and TotalEnergies EP New first quarter of 2022. Moreover, the K-68 well in according to the Joy News report.
Venture as operators. the Asl-A reservoir, which started to be drilled at Students have had to resort to industrial
Non-operators picked are Discover Explora- the end of 2021, was completed in January, and training prior to their recruitment, a plight that
tion, Novatek, ONGC Videsh Ltd (OVL), Qatar currently has a production rate of 156 barrels per management describes as worrying.
Petroleum Mozambique, RN Angoche and day (bpd) of heavy crude. bna/IntelliNews, April 13 2022
Sasol Africa. It said Aiteo had failed to meet the Well K-67 was drilled, fully logged and eval-
requirements for pre-qualification. uated. The well encountered an internally esti- Wabote calls global energy
“The subsequent stage will comprise the mated 16 metres of net oil pay in the Asl-A and
licensing of a minimum of geoscience data for 17 metres of net oil pay in the Asl-B. The well was transition an opportunity for
the companies that do not yet have them in order completed in the Asl-B and is currently produc-
to substantiate the evaluation of the petroleum ing at a rate of 174 bpd. Nigerian oil and gas sector
potential of the areas of interest and the sub- TransGlobe is an independent oil exploration
mission of the corresponding proposals, by 30 and production company whose activities are The ongoing disruptions in the international
August, 2022. According to the approved time- concentrated in Egypt and Canada. It is focused energy industry present a unique opportunity
table, the results will be published on 30 Novem- on identifying and acquiring overlooked and for the Nigerian oil and gas industry to attract
ber, 2022,” INP said in a release. underdeveloped opportunities in the Middle investments and serve as one of the leading hubs
ExxomMobil, TotalEnergies and Eni are East/North Africa region, applying proven tech- to meet global energy needs.
already operators in offshore ventures in the nologies to extract additional value. The Executive Secretary of the Nigeria
north of Mozambique, while Sasol is operator in bna/IntelliNews, April 8 2022 Content Development and Monitoring Board,
an onshore project in the south of the country. (NCDMB) Engr. Simbi Kesiye Wabote stated
Mozambique has an estimated 180 trillion cubic this recently in a lecture he delivered at the Soci-
feet (5.1 trillion cubic metres) of gas. POLICY ety of Petroleum Engineers-Oloibiri Lecture
Mozambique said that under the original Series and Energy Forum (SPE-OLEF) 2022
pre-qualifying conditions, a company which Software firms work to held in Abuja.
sought to be an operator had to have a market He spoke on the theme, “Global Energy
capitalisation or assets of at least $1bn, or $2bn help Ghana’s oil and gas Transition: Implications on Future Investments
if it aspired to work offshore. Other members of in the Nigerian Oil and Gas Industry,” and main-
partnerships had to have a market capitalisation sector train more locals tained that the clamour by developed countries
or assets amounting to $250mn. to reduce carbon emissions through cutting the
bna/IntelliNews, April 8 2022 Two geophysical software companies, Geo- utilisation of fossil fuels is because those nations
Software and dGB Earth Science, are assist- have run out of hydrocarbon reserves.
ing a prominent Ghanaian university to train The Executive Secretary outlined his perspec-
PERFORMANCE researchers towards further developing local tives on global energy transition, its implications
in-depth technical know-how in oil and gas on global energy security and investments, and
TransGlobe Energy reports exploration, Joy News has reported. the opportunities for the oil and gas industry in
The companies are working with the Depart-
Nigeria, pointing out that the outcome of energy
Egyptian production at ment of Physics at the Kwame Nkrumah Univer- transitions has always been the redistribution of
sity of Science and Technology (KNUST).
the constituents in the energy mix rather than
10,045 boepd in Q1-2022 Acheampong says: “Considering Ghana’s oil and another.
Associate Professor of Geophysics Akwesi the outright swap of one form of energy for
TransGlobe Energy’s production from Egypt hit gas programme, there is a local content where He said the rush to move the world away from
10,045 barrels of oil equivalent per day (boepd) those industries are supposed to employ Ghana- fossil fuels has resulted in first world countries
on average in the first quarter (January-March) ians. But these people have to be well trained in shifting funding away from the development of
of 2022, the company said in a statement. order to be able to fit in the industry.” hydrocarbons towards renewable energy.

P16 www. NEWSBASE .com Week 15 13•April•2022