Page 15 - AfrOil Week 07 2020

AfrOil
NEWS IN BRIEF
AfrOil
The Potential Acquisition is in line with the Company’s strategy of identifying near-term, existing production assets which do not require material upfront capital investment and have the potential to ful l Zenith’s mid-cap development objectives.
Andrea Cattaneo, Chief Executive O cer, said: “We believe the acquisition of the asset could represent a unique opportunity for achiev- ing a quantum leap in Zenith’s development. e Potential Acquisition will complement our recent acquisition in the Republic of the Congo and enlarge our footprint in a proli c oil produc- tion region. I take the opportunity to thank our advisors who have enabled us to achieve rapid progress in pursuing development opportunities in Africa during recent months. I look forward to providing further updates in due course.” Zenith Energy, February 12 2020
LNG
Greater Tortue/Ahmeyim
LNG deal signed with
BP Gas Marketing
Kosmos Energy and its partners have signed a Sale and Purchase Agreement (SPA) with BP Gas Marketing, a wholly owned subsidiary of BP. e SPA is for 2.45mn tonnes per year (tpy) of lique ed natural gas (LNG) from Phase 1 of the Greater Tortue/Ahmeyim project for an initial term of up to 20 years.
Following the signing of the SPA, Kosmos intends to book net proved reserves of approx- imately 100mn barrels of oil equivalent associ- ated with Phase 1, as evaluated by the company’s independent reserve auditor Ryder Scott. e company expects to book additional reserves when further phases of the Tortue project are sanctioned and sale and purchase agreements signed for the o -take volumes.
“ e signing of the SPA is an important mile- stone in the Greater Tortue/Ahmeyim project for the Governments of Mauritania and Senegal,
SMHPM, Petrosen, BP and Kosmos,” said Todd Niebruegge, Senior Vice President and Head of the Mauritania-Senegal business unit at Kosmos Energy. “With the signing of this agreement, we have materially increased the proved reserve base of the company and the project remains on track to deliver rst gas in the rst half of 2022.”
“ e SPA is another positive step forward for the Greater Tortue/Ahmeyim project,” said Norman Christie, BP’s Regional President for Mauritania and Senegal. “We’re grateful to the Governments of Mauritania and Senegal for their continued commitment to this innovative project, as well as our partners SMHPM, Pet- rosen and Kosmos.”
Partners in the cross-border Greater Tortue/ Ahmeyim project, located o shore Mauritania and Senegal, include SMHPM, Petrosen, BP, and Kosmos.
Kosmos Energy, February 12 2020
SERVICES
ALP selected for Coral South FLNG project
ALP Maritime Services (ALP) is pleased to announce that the company has been selected by TJJV, a Joint Venture between TechnipFMC and JGC, to provide a spread of ve vessels related to the Coral South project.
ALP’s project involvement includes the tow- age operation from South Korea to Offshore Mozambique, by three of ALP’s 300ts Bollard Pull ALP FUTURE class vessels. On arrival at the o shore site, the three ALP FUTURE class vessels will be joined by two additional vessels from the ALP 19,000 BHP eet. Together, the vessels will keep the CORAL SUL FLNG (432 metres long and 66 metres wide) accurately in position, while a mooring vessel connects the pre-laid mooring chains to the FLNG. On com- pletion of the mooring operation, two of the ve ALP-vessels will continue to support further operations on site.
Arjan van de Merwe, Project Manager of ALP
commented: “ALP is very proud to have been selected for this project. It is the rst deepwater FLNG build to date, and it is the rst oating production plant to be installed in Mozambique and on the all African East Coast.
“Our clients recognise the added value of ALP’s services. ALP’s vessels are purposely designed to o er safe and cost-e cient project execution of both the transport and prolonged station-keeping requirements. Our vessels have the endurance to perform the towage non-stop, while complying with stringent in- eld vessel speci cations expected when operating in close vicinity of the FLNG for extended duration. O ering these versatile qualities in a single ves- sel o ers our Clients the opportunity to use the same vessel for various phases of the project at any remote location world-wide.
“ is contract involves a combination of our 24,400 BHP units and our 19,000 BHP units, tai- lored to our Client’s requirements. Within each vessel segment we operate a number of vessels. That offers ALP optimum vessel scheduling exibility while o ering our client guaranteed availability whenever the FLNG is delivered at the shipyard and ready for departure.”
ALP Maritime Services, February 17 2020
Fuel tankers evacuated
from Tripoli Port after
strike near LPG ship
National Oil Corp. (NOC) of Libya con rms that fuel vessels have evacuated urgently from Tripoli port and all o -loading operations were cancelled a er projectiles struck meters away from a highly explosive liquid petroleum gas (LPG) tanker discharging in the port.
NOC Chairman Mustafa Sanalla said: “Today’s attack on Tripoli port could have led to a humanitarian and environmental disaster, and it will have a signi cant impact on a crowded region like Tripoli. e city does not have opera- tional fuel storage facilities, as the capital’s main storage warehouse was evacuated as a result of the ghting on Airport Road area, where the warehouse is located. e consequences will be immediate; hospitals, schools, power stations and other vital services will be disrupted. We condemn this behaviour in the strongest possi- ble terms and ask the international community to intervene rapidly to prevent a serious escala- tion in the con ict and to allow NOC to manage fuel supplies.”
Following the attack, the LPG tanker and a gasoline tanker that were in Tripoli immediately le the port for safe waters. NOC is exploring alternative ways to supply Tripoli and its sur- roundings with fuel.
National Oil Corp., February 18 2020
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