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The lifting (the movement of oil to waiting tank- to be able to make return flights.
ers) was concluded at $103 per barrel for pro- The warning came after the airport’s jet fuel
duction from its 45% interest in the Ezzaouia supplier SMCady said in a letter, seen by AFP,
concession and its full interest in the El Bibane that it would not be able to refuel flights for two
and Robbana concessions. weeks, until the end of April.
Zenith said its next international crude lift- Speaking to reporters, Senegalese Energy
ing of oil production of around 52,000 barrels of Minister Sophie Gladima downplayed the sever-
oil from the Sidi El Kilani concession onshore in ity of fuel supply disruption. “The situation is
Tunisia is scheduled for June. very tough, but there is no shortage of supplies,”
The company, which has a 22.5% interest in she said. According to Gladima, a shipment of
the concession, said it will use the proceeds to at least 1,000 tonnes of jet fuel was expected to
develop its investments in Tunisia, including arrive in Senegal on April 20.
drilling activities. Senegal’s 27,000 barrels per day (bpd) SAR
Earlier in April, Zenith signed an extension refinery has been undergoing renovations since
agreement for a conditional sale and purchase November. It is expected to resume production
agreement (SPA) with KUFPEC (Tunisia) for by the end of April, according to Reuters.
participation in the North Kairouan permit and bna/IntelliNews, April 21 2022
the Sidi El Kilani Concession.
In March 2021, the firm had agreed to acquire barrels, including 65,000 barrels of quarterly Nigeria: Explosion at illegal
an operated working interest (WI) in an oil pro- Domestic Market Obligation (DMO) deliveries
duction asset onshore Tunisia. The asset pro- with an over-lift position of 384,000 barrels at the refinery in Rivers State kills
duces 700 barrels per day (bpd) and generates end of the period.
annual gross revenue of about $15mn. BW Energy had a cash balance of $111mn at more than 100 people
bna/IntelliNews, April 22 2022 March 31, 2022, compared to $150mn at Decem-
ber 31, 2021. The decrease was mainly due to More than 100 people were killed in an explo-
BW Energy announces high investment activities related to the Hibis- sion on April 22 at an illegal oil refining depot in
cus/Ruche project. Payment for the March 2022 Nigeria’s Rivers state, according to local reports,
trading and financial lifting is expected to be received by end of April. AFP reports.
Unemployment and poverty in the oil-pro-
At the beginning of period, the Company had
update for Q1-2022 entered into commodity price hedges for a total ducing Niger Delta have made illegal crude
volume of 1.6mn barrels for 2022 and 2023, of refining an attractive but dangerous business,
BW Energy has provided an update on the oper- which 59% is for 2022. These were a combination whereby crude oil is tapped from pipelines
ations and development of the Dussafu Marin of swaps and zero-cost collars that will allow for owned by major oil companies and refined in
license in Gabon. The Company will publish future cash flow stability for ongoing develop- makeshift tanks.
financial figures for the first quarter of 2022 on ment projects. Police said the explosion occurred late on Fri-
Friday, May 27. BW Energy has recognised crude oil hedge day when operators and their patrons had gath-
The Dussafu Marin Permit and the associated losses in the amount of $22.2mn for the first ered for business. The incident happened on the
Ruche Exclusive Exploitation Area (EEA) pro- quarter, of which approximately 50% were real- boundary between Rivers and Imo states, a state
duction license are located approximately 50 km ised in the period. police spokeswoman said.
off the coast of Gabon. BW Energy, April 25 2022 “The fire outbreak occurred at an illegal bun-
Gross production from the Tortue field aver- kering site and it affected over 100 people who
aged approximately 11,600 barrels per day (bpd) were burnt beyond recognition,” confirmed
of oil in the first quarter of 2022, amounting to POLICY Goodluck Opiah, the state commissioner for
a total gross production of approximately 1mn petroleum resources, as quoted by AFP.
barrels of oil for the period. The reduction in Senegal jet fuel shortage: Illegal refining has led to many such fatal acci-
production compared to the fourth quarter dents and has polluted a region already blighted
of 2021 was due to the 12-day planned annual Air France flights from by oil spills in farmland, creeks and lagoons.
maintenance shutdown of the BW Adolo in In October, at least 25 people, including some
February, which more than offset the positive Dakar to refuel in Spain children, were killed in an explosion and fire at
impact of a full quarter of production from the another illegal refinery in Rivers state.
two new Tortue phase-2 wells and the use of Air France said on April 20 that flights from Sen- Most people in the Niger delta live in poverty
interim nitrogen gas lift. egal’s capital Dakar to Paris will make refuelling even though Nigeria is the biggest oil producer
BW Energy completed one lifting in the quar- stops in Spain’s Las Palmas owing to a “refined on the continent, producing around 2mn bar-
ter at a price of $120 per barrel. Production cost products shortage” in the West African country, rels per day (bpd). Government officials estimate
(excluding royalties) was approximately $33 Reuters reports. that the country loses an average of 200,000 bpd
per barrel. The overall production cost includes Blaise Diagne International Airport authori- of oil – about 10% of production – to those tap-
approximately $1mn related handling of the ties said that “unfavourable international condi- ping or vandalising pipelines.
COVID-19 pandemic in the period. tions” and volatility in commodities markets had In February, local authorities said they had
BW Energy’s share of gross production was severely disrupted jet fuel supplies, according to started a crackdown to try put a stop to the refin-
approximately 765,000 barrels of oil. The net Agence France-Presse (AFP). ing of stolen crude, but with little apparent suc-
sold volume, which is the basis for revenue rec- The airport, near Senegal’s capital Dakar, cess, reported AFP.
ognition in the financial statement, was 1.015mn instructed incoming planes to carry enough fuel bna/IntelliNews, April 25 2022

P18 www. NEWSBASE .com Week 17 27•April•2022