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EGYPT According to secondary sources, total OPEC- are estimated at 1.5 trillion cubic feet, while oil
13 crude oil production averaged 27.72mn bpd reserves are estimated at 1.1bn barrels.
Egypt “now key supplier in November, up by 290,000 bpd month on bna/IntelliNews, December 13 2021
month. “Crude oil output increased mainly in
of LNG to Turkey” Saudi Arabia, Iraq and Nigeria, while produc- GABON
tion in Angola, Libya and Congo declined,”
Egypt has reportedly become a key supplier of OPEC’s monthly report stated.
liquefied natural gas (LNG) to the Turkish mar- bna/IntelliNews, December 15 2021 TotalEnergies sells Gabon
ket. Seven Egyptian LNG cargoes have already
been shipped to Turkey so far in the fourth quar- NNPC swung to $346mn terminal, offshore fields
ter of 2021, data from S&P Global Platts Analyt-
ics showed on December 9. trading surplus in June to Perenco for $350mn
It is reported that since October, there have
been regular shipments from Egypt’s two LNG Nigeria’s state oil company recorded a The French oil major TotalEnergies has com-
export terminals—the 7.2mn tonne per year NGN141.96bn ($346mn) trading surplus in pleted the sale of the Cap Lopez Terminal and
(tpy) Shell-operated Idku plant and the 5mn tpy June this year, after recovering from an $88mn non-operated offshore field in Gabon to Per-
Eni-operated Damietta facility. deficit the previous month, the company said on enco, having received approval from the national
Turkey looks set for record high gas demand Sunday, December 12). authorities.
in 2021, requiring as much as 60bn cubic metres. Nigerian National Petroleum Corp. (NNPC) “This transaction is aligned with TotalEner-
Ankara, meanwhile, is yet to renegotiate a set of said in its monthly report that expenditure for gies’ strategy to enhance its portfolio by divesting
long-term pipeline gas import contracts that will June fell by 29.32%, Africanews reports. mature, high break-even fields,” said Henri-Max
expire in the near future. In August, President Muhammadu Buhari Ndong-Nzue, President of TotalEnergies EP
Turkey’s deal for LNG gas from Nigeria announced that NNPC had in 2020 posted a Gabon. “TotalEnergies EP Gabon is refocusing
ended in October, and its long-term LNG con- profit for the first time in its 44-year history, with on its operated offshore assets in the Anguille
tract with Algeria’s state-owned Sonatrach is due $698mn in post-tax income. and Torpille sectors and remains a committed
to run until 2024. It takes other LNG cargoes NNPC’s report said that 47 pipeline points oil industry player in Gabon.”
mostly from the US and Qatar. were vandalised in June, compared to 64 in With this transaction, valued at $350mn
Turkey and Egypt re-established formal May, with the Port Harcourt area and Mosimi before final adjustment, TotalEnergies EP
diplomatic relations in early 2021, almost eight accounting for 94% of the vandalism. Gabon is divesting its interests in seven mature
years after they were broken off following the bna/IntelliNews, December 14 2021 offshore fields operated by Perenco Oil and Gas
military coup that ousted Egypt’s first Islamist Gabon. The divested assets’ production stood at
president Mohamed Morsi. 8,400 barrels of oil equivalent per day (boepd)
bna/IntelliNews, December 10 2021 EQUATORIAL GUINEA for the first three quarters of 2021. In 2020,
TotalEnergies’ SEC production in Gabon came
Chevron, Equatorial Guinea to 27,000 boepd.
NIGERIA bna/IntelliNews, December 9 2021
Nigeria sees crude output ink PSC for offshore block SOUTH AFRICA
Chevron has signed a production-sharing con-
recover, overtakes Libya tract (PSC) with Equatorial Guinea for Block Sasol sees production
EG09 in the Douala Basin by the border with
as Africa’s top oil producer Cameroon, giving the energy supermajor 80%
ownership while GEPetrol retains 20%, World
Nigeria has regained its top position among Oil reports. decline amid coal shortage
crude oil-producing countries in Africa with Chevron entered the Equatorial Guinea South African petrochemicals giant Sasol has
production averaging 1.27mn barrels per day market through its $13bn acquisition of Noble announced a significant drop in its production
(bpd) in November, up from just shy of 1.23mn Energy in October 2020. During the country’s at its Secunda operations in Mpumalanga, as a
bpd the previous month, according to OPEC’s 2019 bid licensing round – in which seven com- result of a significant coal supply shortfall.
figures. panies were selected and awarded concessions In a note to its shareholders this week it
Mainly due to ageing upstream infrastruc- for nine blocks – Block EG09 was assigned to announced a downward revision to its 2022
ture reducing production, Nigeria in October Noble Energy and GEPetrol. production forecast. Sasol is a major producer
lost its status as Africa’s top oil producer to Libya, Block EG09, previously explored by South of synthetic fuels in South Africa with the use
which had overtaken Angola as the continent’s Africa’s PetroSA, may hold sizeable oil and gas of its world-leading coal-to-liquids technology.
second-biggest producer in December 2020, The reserves owing to its close proximity to other Sasol said its forecast production volumes
Independent (Nigeria) reports. Blocks where large-scale discoveries have been for Secunda for the 2022 financial year had been
But, according to OPEC’s Oil Market Report made, such as the already producing Aseng 6P revised to between 6.7 and 6.8mn tonnes, signif-
for December 2021, whereas Nigeria’s figure rose well in Block 1. icantly down from an earlier October forecast of
in November, Libya’s fell to 1.21mn bpd, down Equatorial Guinea holds some of the larg- between 7.3 and 7.4mn tonnes.
from 1.24mn bpd in October. est oil and gas reserves in Africa – gas reserves bna/IntelliNews, Fecember 15 2021

Week 50 15•December•2021 www. NEWSBASE .com P19