Page 19 - AfrOil Week 14 2022

AfrOil NEWS IN BRIEF AfrOil

business new africa bna/IntelliNews

Phase 1 is a temporary reduction in the gen- GANOPE is responsible for managing Egypt’s
eral fuel levy to be funded by the liquidation of a hydrocarbon resource potential under latitude
portion of the strategic crude oil reserves. line 28 degrees.
Phase 2 is to be championed by the DMRE The survey is supported by industry funding.
and includes reducing the Basic Fuel Price of TGS, April 5 2022
3c/l, the termination of the Demand Side Man-
agement Levy (DSML) of 10c/l on 95 unleaded Libya’s NOC, France’s
petrol sold inland and the introduction of a price
cap on 93 octane petrol. TotalEnergies sign $20mn
The sale of strategic crude oil reserves will be
authorised by the Minister of Mineral Resources deal for sustainable
and Energy Gwede Mantashe, with the con-
currence of the Minister of Finance, Enoch development projects
Godongwana.
bna/IntelliNews, April 4 2022 Libya’s National Oil Corp. (NOC) signed a
$20mn agreement with French oil group Total
Energies to implement sustainable oil develop-
PROJECTS & COMPANIES ment projects, the country’s state oil utility said
in a statement. The details of such projects were
TGS announces a second 3D not revealed, though. high-resolution 3D dataset on the A6-B block
NOC head Mustafa Sanalla said the deal facil-
multi-client seismic survey itates TotalEnergies, demand to acquire Mara- offshore Mozambique which will cover an area
thon Oil Libya’s shares in the Waha concession, up to 8,500 square km, currently available in the
in the Egyptian Red Sea which took place in 2020. ongoing 6th Licensing round.
This 3D survey will further elucidate the
Earlier this week, TotalEnergies and Libya’s
TGS has announced a new 3D seismic sur- power utility, General Electricity Co. of Libya potential prospectivity of the very underex-
vey in the Red Sea, Egypt, in partnership with (GECOL), said they would construct a new solar plored Angoche margin. The offshore Angoche
Schlumberger. plant in the country. The facility will produce area contains sediment deposited in a rift, rift-
This survey represents the second phase of around 500 MW of solar power. sag, drift, and passive margin environment. Pro-
new acquisition for the partners in this region Last week, NOC and TotalEnergies said in spectivity of the Angoche margin is supported
and will encompass a minimum of 5,000 square a joint statement they would raise the capacity by discoveries in the Rovuma basin to the north
km. Data will be acquired with long offsets and of the oil sector in the country to increase crude and the onshore Pande and Temane fields in
processed using a Pre-Stack Depth Migration output while minimising carbon emissions. the south. These discoveries indicate a work-
(PSDM) workflow to enable subsalt imaging. TotalEnergies said in November last year it ing petroleum system that may extend to the
The acquisition is expected to start in April 2022, would inject $2bn into Libya’s Waha oil project Angoche margin.
with final products anticipated in mid-2023 to to boost production by around 100,000 barrels It is envisaged that oil-prone deep marine
ensure availability ahead of future license rounds per day (bpd). It also said it would raise output source rocks (TOC about 8%) in the Upper
in the region. at the Mabruk field and help to construct the 500 Jurassic/Lower Cretaceous (Lower Domo shale
Egypt’s attractive, stable investment climate, MW of solar power to feed the local grid. equivalent) charge the overlying Lower Cre-
enhanced by established exploration infrastruc- bna/IntelliNews, April 4 2022 taceous deep marine sands (Pemba Fm) in fan
ture and complemented by regular, transparent, mounds or wedge out traps on the Northern
and well-managed licensing rounds, has helped Geoex MCG announces Basin Slope. Further possible prospectivity lies
bolster interest in the Red Sea. The region is con- in the Upper Cretaceous (Domo Sand/Lower
sidered to hold significant hydrocarbon poten- multi-client 3D project Grudja equivalent) which hosts the Rovuma
tial characterized by a wide range of prospective gas discoveries with about 5 trillion cubic feet in
hydrocarbon systems comprising large, untested in Mozambique total. In the Angoche margin, these reservoirs are
structures. paralic grain flow/slump sands in stratigraphic
Kristian Johansen, CEO at TGS, commented: Geoex MCG has announced a multi-client (fan mound) or roll over structural traps. There
“TGS has a strong track record of success in 3D project in Mozambique, covering up to is also potential prospectivity envisaged close to
enhancing exploration efforts in the region. We 8,500 square km. The proposed survey will be the Davie fracture zone in a more distal play.
are committed to our goal of improving subsur- designed to cater to clients’ interest, with a prior- The acquisition parameters, therefore, tar-
face understanding for our clients in the Egyp- ity considered in the North Angoche Basin, and get these reservoir features to allow interpreters
tian Red Sea. Through modern acquisition and further possibilities in other areas of Angoche, further insights that are currently unavailable.
imaging technologies, we aim to further increase Zambezi and Save Basins. Furthermore, by utilising long streamers, the
exploration potential in a country that continues The pre-qualifying stage of the Mozambique crustal regime of the Angoche margin will be
to attract investment from E&P companies.” 6th Licensing Round is now complete and offers imaged to a high standard which has important
TGS and Schlumberger have a long-term the ideal ground for this multi-client 3D oppor- implications for the thermal regimes. Further
commitment with the Egypt Ministry of Petro- tunity. The 3D data will be the ideal tool for parameters include a 2ms sampling rate and an
leum and South Valley Egyptian Petroleum reducing the exploration cycle for the awarded 11-second recording length.
Holding Co. (GANOPE) to promote the pro- blocks. This dataset is perfect for those interested in
spectivity of the Egyptian Red Sea. Through Geoex MCG has agreed with the Instituto the A6-B block.
the acquisition and processing of seismic data. Nacional de Petróleo (INP) to shoot a modern Geoex, April 4 2022

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