Page 13 - AfrOil Week 07 2020

AfrOil
NEWS IN BRIEF
AfrOil
PRODUCTION
NOC confirms drop in Libyan production
National Oil Corp. (NOC) of Libya con rms a drop in production as a result of the blockade of ports and pipelines to the current level of 123,537 bpd, as of Tuesday February 18, 2020, with losses exceeding $1bn at $1,736,396,208. NOC renews its call for all blockades to be li ed to allow the corporation to resume production immediately, for the sake of Libya and its people.
Vital facilities in Tripoli and some surround- ing areas, as well as in Southern regions, are still facing supply shortages due to the security situ- ation. Fuel vessels have evacuated urgently from Tripoli port today a er projectiles struck meters away from a liquid petroleum gas (LPG) tanker discharging in the port.
NOC continues to supply hydrocarbons to the Central and Eastern regions in sufficient quantities to meet the transport and domestic needs of citizens. A gasoline tanker is prepar- ing to discharge at Benghazi port today, while another diesel tanker is expected to arrive at the port tomorrow. e city of Tobruk and the rest of the Eastern region is being supplied directly from Benghazi.
As part of its commitment to transparency, NOC will continue to publish data on fuel stocks in the Central, Eastern and Southern regions as well as details of shipments, to inform citizens of fuel availability in their area.
National Oil Corp., February 18 2020
UPSTREAM
Panoro Energy announces additional well in Tunisia and high levels of production activity
Panoro Energy has approved, along with its joint venture partner ETAP, the Tunisian National Oil Company, the drilling of a production well on the Guebiba onshore eld, part of the yna Production Services (TPS) operated assets in Tunisia. is will be the rst drilling operation on the TPS-operated assets since 2015.
is production well is anticipated to spud in May and will be drilled using the CTF 06 rig, a 2,000-h.p. onshore rig owned by Compagnie Tunisienne de Forage (CTF), the Tunisian state- owned drilling contractor.
The operations will utilise an existing top hole section and will target a new production
interval on the Bireno formation at 3,600 metres in a known fault block compartment, where an assessment of the historical performance of the eld has concluded that a further drainage point is required to effectively exploit the resource potential present in the western panel of the field. The expected incremental production upli from this well is expected to signi cantly increase the daily output at the TPS operated assets.
John Hamilton, CEO of Panoro, said: “We are extremely pleased to have secured the CTF 06 rig to drill at the Guebiba onshore eld, in advance of its use on our Salloum West exploration well. Our Tunisian assets are undergoing an unprec- edented high level of activity and we expect this to yield results in material additional production during the rst half of 2020.”
is additional well at the Guebiba onshore eld will be drilled in advance of the Salloum West exploration well, also targeting the Bireno formation, which has been slightly delayed due to outstanding regulatory approvals. Once the rig CTF 06 has concluded drilling operations at Guebiba, the intention is to immediately mobi- lise the same rig to drill Salloum West, following an anticipated nal approval being received.
In addition, further production activities are underway, with three wells in the nal stages of being completed and brought on-line in stages by the end of Q1-2020. Collectively, these work- over activities are expected to increase the TPS operated assets gross production to around 5,000 bpd. TPS have had a workover rig on site since December and these workover activities have contributed to a rise in gross production to in excess of 4,000 bpd, up from the Q3-2019 average production of 3,450 bpd previously announced (Q4 2019 averaged approximately 3,500 bpd).
Other activities to boost daily output are also in the advanced phase of planning, with imple- mentation expected during the next few months. As an example, a recent well stimulation exercise on one well in the Rhemoura eld, part of TPS
operated assets, resulted in a fourfold increase in production. As a result, the joint venture part- ners are now planning a campaign of similar stimulations in several other TPS elds.
e TPS Assets comprise ve oil eld conces- sions in the region of the city of Sfax, onshore and shallow water o shore Tunisia. e concessions are Cercina, Cercina Sud, Rhemoura, El Ain/ Gremda and El Hajeb/Guebiba.
Panoro Energy, February 18 2020
SDX Energy commences
drilling operations
at South Disouq
SDX Energy, the MENA-focused oil and gas company, has announced that the SD-6X (Salah) well at South Disouq in Egypt (SDX 55% work- ing interest) has commenced drilling operations.
Salah is expected to a reach its targeted depth of approximately 9,000 feet (2,740 metres) in late March/early April and is targeting gross P50 unrisked prospective resources of about 71 bcf (2.11 bcm) equivalent, as estimated by manage- ment. Salah’s primary targets are in the same Kafr el Sheikh and Abu Madi formations that the Company’s existing four wells are already producing from.
On completion of Salah, the rig will move to the location of the SD-12X (Sobhi) well, approx- imately 6 km to the west, which is targeting gross P50 unrisked prospective resources of c.33 bcfe, as estimated by management. Sobhi’s primary target is also in the Kafr el Sheikh formation at a depth of approximately 7,000 feet (2,130 metres).
If successful, the Salah and Sobhi wells would require short 8.0-km and 5.8-km tie-ins to the South Disouq Central Processing Facility, with SDX’s share of the tie-in cost estimated at US$2.5mn and US$1.9mn respectively. The Company is reviewing a number of development concepts depending on the size of any discovery that is made.
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