Page 14 - AfrOil Week 07 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM years with an option to prolong for additional
two years. BCAI will service as PCL’s represent-
United Oil & Gas provides ative in Nigeria and shall contribute with their
know-how and skills, while PCL will provide its
ASH-3 development update managed fleet of tankers and its expert personnel
on the maritime industry.
AIM-listed United Oil & Gas has provided an “We are excited with our new expansion
update on the drilling of the ASH-3 well in the of our maritime operations activities which
Abu Sennan concession, onshore Egypt. United strengthening Petronav’s position in the ship-
holds a 22% non-operating interest in Abu Sen- ping industry, and specifically in the midstream,
nan, which is operated by Kuwait Energy Egypt. Amersfoort) could be sold to CNG trader(s) for that is a key segment in the Oil Energy. Despite
Highlights: Total of 27.5 metres net pay transportation from the well site for distribution the adverse environment, we are taken the chal-
interpreted over a 59-metre gross section in the to industries in the Johannesburg region. It was lenges as opportunities, and keeps expanding our
targeted Alem El Buieb (AEB) reservoir. Initial determined as part of this planning that the two operations into new areas; following our vision
testing will be completed in the coming days wells should undergo workovers to maximise to establish, and eventually drive Petrogress
before the well is then brought onstream through gas flow rates and recovery. stronger in the energy,” states Petrogress’ CEO,
the existing ASH Field facilities. Afro Energy is currently in advanced nego- Christos Traios.
ASH-3 Well: The ASH-3 development well, tiations with potential gas off-takers for small Petrogress, February 16 2021
which spudded on January 4, reached TD of and intermittent gas production from Well
4,087 metres MD (3,918 metres TVDSS) on Feb- KA-03PTR and possibly well KA-03PT2, where Signing of a letter of intent
ruary 8, five days ahead of schedule and under they will purchase gas at an on-site transfer
budget. The well, which has been drilled as a point, compress the gas to the required pressure for a Mini P2R unit in Ghana
step-out development well in the ASH Field, has utilising their own compression equipment and
been logged and interpreted to have a 59-metre transfer same to their CNG trailers for trans- Ecoslops is pleased to announce the signature
gross hydrocarbon column in the primary AEB portation to existing gas-based industries in the of a fourth letter of intent for a Mini P2R. This
reservoir target, 27.5 metres of which is esti- Johannesburg and Witbank regions. agreement, signed with the company Marine
mated to be net pay. The Company will immediately com- Bunkers Ltd (MBL), relates to the implemen-
The well will be tested and completed in the mence flow rate and equipment testing of well tation of a unit in the port of Tema in Ghana.
coming days and will then be brought immedi- KA-03PTR.The Company intends to apply for It covers comprehensive services including the
ately onstream through the existing ASH facil- full production rights for ER56 as soon as pos- sale of a Mini P2R, local integration, the training
ities, delivering a further uplift to production. sible after the commencement of production of of operators and multi-year technical support.
The ED-50 rig will then move to the north of well-KA 03PTRand seek certification of maiden It comes in addition to a local installation set
the Licence, close to the producing Al Jahraa gas reserves. up by MBL to collect (on-shore and off-shore)
field to commence the drilling of the ASD-1X Kinetiko, February 15 2021 and treat oily waste in Ghana and in the Gulf of
exploration well. This well is targeting the Abu Guinea region.
Roash reservoirs in the 4-way dip-closed Pros- The Mini P2R will allow to locally revalue this
pect D structure and, if successful, can quickly DOWNSTREAM waste, as well as used lube oil, into new petro-
be brought into production. leum products. By allowing a second life to these
The Company will make a further announce- Petrogress partners with wastes, which are harmful to health and the
ment once testing is complete. environment, it will help to effectively combat
United Oil & Gas, February 15 2021 B&Crew Anchor to lift the pollution associated to the illegal dumping
of these residues in rivers and oceans, as well as
Kinetiko announces petroleum products for toxic air emissions from their incineration in the
absence of treatment.
successful completion of Dangote Oil Refinery; developed and implemented a unique tech-
Player of the circular economy, Ecoslops has
well workover programme Petrogress, a fully integrated oil commodity nology to upgrade oil residues into new fuels
business that primarily serves West Africa and and light bitumen. The solution proposed by
at Amersfoort project Mediterranean, today announced that its wholly Ecoslops is based on a unique micro-refining
owned subsidiary, Petronav Carriers LLC (PCL), industrial process that transforms these resi-
Perth-based energy exploration company Kine- on February 10, 2021, entered into partnership dues into commercial products that meet inter-
tiko Energy has announced the successful com- agreement (PSA) with B&Crew Anchor Invest- national standards. Ecoslops offers an economic
pletion of a well workover programme at well ment (BCAI). and ecological solution to port infrastructure,
KA-03PTR and KA-03PT2 at its Amersfoort The PSA anticipates PCL, through BCAI, waste collectors and ship-owners through its
project. will provide maritime service operations and sea processing plants
As a result of being granted a bulk gas pro- transportation of petroleum products to Dan- MBL provides shipping, trade and logistics
duction and removal permit, Afro Energy gote Oil Refinery around Nigeria, West Africa services for a wide range of global clients oper-
(JV of Kinetiko 49% and Badimo Gas 51%of and Europe, based on a long term Affreightment. ating in West Africa. Our core activities include:
South Africa) commenced the planning and The COA consists to the sea-carriage of 600,000- MARPOL waste oil collection, marine fuel sales
preparation of a short-term pilot gas produc- plus- barrels of crude oil and refined petroleum & mineral transhipment logistics. MBL’s contin-
tion program whereby produced gas from well products monthly, under PCL’s management ued growth in the waste oil collection business in
KA-03PTR and possibly well KA-03PT2 (near tankers fleet. The initial COA will be for three Togo has opened the door for vertical expansion.

P14 www. NEWSBASE .com Week 07 17•February•2021