Page 18 - DMEA Week 34 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the project’s foreign partners of violating their
(NRG), in which the reader is invited to join our shareholder obligations. Operated by Gazprom,
team of international editors, as they provide a the Sakhalin-2 LNG and oil project also involves
snapshot of some of the key issues affecting their Shell (UK), which said earlier this year that it
regional beats. We hope you will like NRG’s new would withdraw from Russia in response to that
concise format, but by clicking on the headline country’s invasion of Ukraine.
link for each section the full text will be available
as before. GLNG: Peru LNG resumes exports after
July shutdown
AfrOil: NNPC Ltd signs renegotiated PSCs The Peru LNG consortium resumed exports in
for five deepwater blocks the first two weeks of August following a planned
Nigerian National Petroleum Co. Ltd (NNPC shutdown in July. According to data from Peru’s
Ltd) has signed revised production-sharing con- national oil company Perupetro, the group
tracts for five deepwater blocks in a move that resumed loadings after completing its mainte-
may unlock more than $500bn in revenue for nance programme and has loaded two cargoes
the West African country. The renegotiated PSCs since the beginning of August.
cover the offshore blocks known as OML 128,
OML 130, OML 132, OML 133 and OML 138. LatAmOil: ExxonMobil may use tie-backs
to expand production at Stabroek
AsianOil: Santos delays development of Mike Ryan, production manager at ExxonMobil
Dorado oilfield Guyana, says his company may use subsea tie-
Santos has postponed the $2bn development of backs to link new oil finds at the Stabroek block
the Dorado oilfield offshore Western Australia, to existing infrastructure to improve production
as soaring costs from the construction of a float- operations. Since ExxonMobil Guyana’s priority
ing production storage and off-loading (FPSO) is optimum development of resources, tie-backs
vessel have made the project too risky. In its half- are among the options it may pursue, he said.
year report, the firm said rising costs and sup-
ply chain uncertainties made a final investment MEOG: ADNOC affiliates win more work
decision {FID) unlikely this year. The Logistics & Services arm of Abu Dhabi
National Oil Co. (ADNOC) has been awarded
EurOil: Gazprom warns of three-day Nord a $1.17bn deal to provide barges to support the
Stream shutdown parent firm’s upstream expansion. The award will
Russia plans to close down the Nord Stream see ADNOC L&S lease 13 self-propelled jack-up
natural gas pipeline between August 31 and Sep- barges to ADNOC for a period of five years,
tember 2, in a move that will further strain the enabling rig-less operations and maintenance,
European gas market. The only working com- alongside “manpower and equipment.”
pressor unit at the Portovaya compressor sta-
tion that handles Nord Stream’s gas flow will be NorthAmOil: Santos takes FID on Pikka
closed so that Russia’s Gazprom and Germany’s project in Alaska
Siemens can carry out joint maintenance. Australia’s Santos announced this week that it
had taken a final investment decision (FID) on
FSU OGM: Russia sets up new entity to Phase 1 of the Pikka oil project on Alaska’s North
manage Sakhalin-2 Slope. The company has pegged total capital
A Russian state-owned entity has assumed full expenditure on the project at $2.6bn, with San-
control over the Sakhalin-2 LNG terminal in the tos’ share accounting for $1.3bn as a 51% share-
Far East, after the Kremlin previously accused holder in Pikka. ™

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P18 www. NEWSBASE .com Week 34 25•August•2022