Page 10 - AfrOil Week 40 2019

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NEWS IN BRIEF
AfrOil
Osamede Okhomina, CEO of ADM Energy, commented: “During this period, there have been two liftings and sales from Aje, which con- tinues to produce at a stable rate. The revenues generated from the Aje field [mean that] ADM Energy remains on track to become cash flow positive in H1-2020, subject to continued pro- duction, sustained oil prices and no unforeseen expenditure at the asset level. This is a key mile- stone for the company and provides us with a strong platform from which to expand the busi- ness. Our confidence in the Aje field has been enhanced, particularly by the partners’ renewal of the production licence for a further 20 years, and discussions are taking place for further development drilling in 2020.”
He added: “We continue with our plans to build a larger investment portfolio of under- valued projects by leveraging on our extensive network across Africa and originating deals for appraisal, development and producing assets. The board looks forward to the future with confidence.”
ADM Energy, October 04 2019
SERVICES
CGG delivers advanced
4D images for BP Angola
survey in 8 weeks
CGG Subsurface Imaging, part of CGG’s Geo- science division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola. This achievement builds on previous 4D seismic processing projects undertaken for BP Angola.
The enhanced imaging volumes from the Greater Plutonio development in the Lower Congo Basin were delivered four weeks early for this time-critical BP project. Faster than expected completion of this workflow, which included the latest advanced proprietary deg- hosting and demultiple technology, was made possible by continued investment in CGG’s high-performance computing capacity and the advance of its technology, along with close col- laboration with the BP team.
Radwa El Zidan, geophysicist from the BP-Angola asset team, commented: “We were very impressed by the CGG team’s commit- ment to achieving an early delivery of the data on what was already a challenging schedule. The early delivery of results will accelerate our active reservoirmanagementprogramforthisfield.”
Peter Whiting, SVP Geoscience EAME, CGG, said: “This exceptional performance is a result of CGG’s commitment to working closely with clients to support their ambitions to reduce cycle times without compromising quality. We continue to invest in the latest technology, com- pute resources and talented people to deliver best-in-class products with exceptional turna- round times that accelerate decision-making on time-critical projects.”
CGG, October 02 2019
National Energy Services
Reunited announces
multiple contract awards
National Energy Services Reunited (NESR) a national, industry-leading provider of inte- grated energy services in the Middle East and North Africa (known widely as MENA) and Asia Pacific, today reported multiple awards in North Africa valued up to $100mn. The awards are for well intervention services for a period of up to three years.
‘’These awards allow us to further diversify our customer base in this fast-growing region and are a testament to our growing ability in the region,”saidSherifFoda,ChairmanoftheBoard and CEO of NESR. Foda added: “These well intervention contracts also allow us to deploy newer technologies that reduce our overall foot- print at the wellsite and lead to more efficient and safer operations. I would also like to take this opportunity to thank our new customers in North Africa for their trust in our abilities and I look forward to a successful long-term partnership.”
Founded in 2017, NESR is one of the larg- est national oilfield services providers in the MENA and Asia Pacific regions. With over 4,000 employees, representing more than 40 national- ities in over 15 countries, the company helps its customers unlock the full potential of their res- ervoirs by providing production services such as cementing, coiled tubing, filtration, completions, stimulation, pumping and nitrogen services. . National Energy Services Reunited, October 01 2019
INVESTMENT
Angola publishes bid round rules for 10 frontier blocks
The National Agency for Petroleum, Natural Gas
and Biofuels of Angola (ANPG) has announced the terms of reference, bidding rules and qualifi- cation criteria of its 2019 bid round, starting the countdown to a Tuesday, November 12, 2019, deadline for operators and interested parties wishing to bid on the 10 frontier blocks located in the Namibe and Benguela basins.
The announcement follows a series of pro- motional presentations held in Luanda, Hou- ston, London and Dubai last month, which drew more than 500 industry representatives. Global business information provider IHS Markit hosted the 2019 Bidding Round Roadshows for ANPG and has hosted previous ones in 2005, and 2007-2008, which led to the largest signing bonuses on record for individual blocks.
The nine blocks on offer in the Namibe basin include 11, 12, 13, 27, 28, 29, 41, 42 and 43. The single block on offer in the Benguela Basin is 10. All are considered frontier and currently have no hydrocarbon production.
According to ANPG, all bids must be sub- mitted by 5:30 p.m. Luanda time (GMT+1), November 12, 2019, in a sealed envelope. All proposals received after November 12, 2019, will be deemed null and void.
Companies must deliver all bids directly to the office of the Director of Negotiation, Edificio Torres do Carmo-Torre 2, 5th Floor, Rua Lopes deLima,MunicipiodeLuanda,Luanda-Repub- lica de Angola; Tel. 226 428 577. Bids should be sent to the attention of Paulino Jerónimo, Chair- man of ANPG; Ref.: Proposta - Ronda de Lic- itações 2019.
All bids will be opened in a public session Wednesday, November 13, 2019, at a time and location to be announced in due course.
The ANPG Bid Announcement for the Award of Petroleum Concessions includes: bid- ding rules and procedures; requirements for a non-operator associate of the national conces- sionaire, requirements for an operator associate of the national concessionaire, HSE require- ments, terms of reference for the offered blocks and annexes (bid and qualification templates).
For the full details on ANPG bid submission requirements, timelines and templates, please visit the bid round website. For interested par- ties who were unable to attend the roadshows, ANPG has also made the promotional presenta- tions available on the website. If you have ques- tions about the ANPG licensing round, please e-mail ANPG directly at licensing_round2019@ anpg.co.ao.
ANPG, the national concessionaire of Angola, holds mineral rights for the exploration, development and production of liquid and gas hydrocarbons in the West African country. ANPG, October 03 2019
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Week 40 09•October•2019