Page 12 - AfrOil Week 19 2021

AfrOil PROJECTS & COMPANIES AfrOil

All of these wells will be tied in to the Pazflor, investing with its partners in the development
a floating production, storage and off-loading of [Angola’s] oil resources.”
(FPSO) unit that is handling oil from four fields The French company serves as operator of
in the eastern section of Block 17. the consortium set up to develop Block 17 and
The French major and its partners expect has a stake of 38%. The remaining equity in the
to extract a total of 65mn barrels of crude from group is divided between Equinor (Norway),
Zinia during the second phase of development. with 22.16%; ExxonMobil (US), with 19%; BP
The oilfield is located about 150 km from shore, (UK), with 15.84%, and Sonangol, the national
beneath waters ranging from 600 to 1,200 oil company (NOC) of Angola, with 5%. ™
metres deep.
Nicolas Terraz, Total’s president for explo-
ration and production in Africa, described the
launch of Zinia Phase 2 as a positive develop-
ment. “The successful start-up of this project,
despite the challenges that have arisen as a result
of the pandemic, demonstrates Total’s commit-
ment to ensure a sustainable output on Block 17,
for which the production licence was recently
extended until 2045,” he commented. “Zinia
Phase 2 ... reflects the quality of short-cycle pro-
jects in Angola with high return on investment.”
Paulino Jerónimo, the CEO of ANPG, added
that he expected this initiative to benefit Angola.
“Zinia Phase 2 is a key project for Angola that
comes at the right time to sustain the produc-
tion of the country,” he declared. “We welcome
our collaboration with Total, [which] keeps Zinia is in the eastern section of Block 17 offshore Angola (Image: Total)

UTM Offshore signs contracts

with JGC, KBR for FLNG project

NIGERIA NIGERIA’S UTM Offshore will work with “Nigerian companies have built the necessary
Japan’s JGC and US-based KBR on plans for capabilities to execute such ambitious projects,
installing a floating LNG (FLNG) unit at the and we intend to open up a whole new segment
Yoho offshore oilfield. of the industry that brings positive environmen-
According to local press reports, the Nigerian tal benefits to the country while continuing to
marine services provider signed contracts with build local capacities across the value chain.”
both of the companies at an online ceremony on
May 11. DPR support
One of the contracts calls for JGC to conduct Nigeria’s Department of Petroleum Resources
a pre-front-end engineering and design (pre- (DPR) has pledged to back the scheme, which
FEED) study of the FLNG project, while the it expects to benefit the national economy. Sarki
other charges KBR with carrying out a third- Auwalu, the director of the department, pointed
party review of the pre-FEED study. out during the online signing ceremony that the
Neither UTM nor the contractors had project would benefit local businesses.
divulged the terms of these deals as of press time. “DPR will continue to provide opportu-
The Nigerian company indicated, though, that nities and enable the businesses of promoters
the tasks assigned to JGC and KBR would help and investors in the oil and gas industry for the
move the FLNG project closer to a final invest- economic growth, stability and sustainability of
ment decision (FID). Nigeria and for the mutual benefit of all inves-
Julius Rone, the CEO and managing director tors and industry participants,” he said. “Our
of UTM, stated at the signing ceremony that he licences, permits and approvals will continue
expected the FLNG project to create many new to serve as stimulants for value addition and
jobs for Nigerian workers. enablers of development. Please be assured of
“UTM Offshore’s FLNG project is the most the Department’s unflagging support to see you
logical continuation for our group, as Nige- through the successful execution of this land-
ria embarks on a new era of gas monetisation mark project in a safe, cost-effective and timely
and local content development,” Rone said. manner.”

P12 www. NEWSBASE .com Week 19 12•May•2021