Page 11 - AfrOil Week 26 2021

AfrOil POLICY AfrOil

The Sankofa field lies within Offshore Cape Petroleum Corp. (GNPC), with 20%.
Three Points (O/CTP), a licence area that is Meanwhile, Springfield’s Afina field lies
believed to hold about 500mn barrels of oil and within the West Cape Three Points-2 (W/CTP-
40bn cubic metres of gas. Eni began extracting 2) licence area, which holds around 1.5bn bar-
oil from the field in 2017. rels of oil and 19.8 bcm of gas. The Ghanaian
Equity in the project is currently split company has an 84% stake in the block, and
between Eni (operator), with 44.44%; Vitol its partners are GNPC and its exploration arm
(Switzerland), with 35.56%; and Ghana National EXPLORCO. ™

MPs say National Assembly

will pass PIB by mid-July

NIGERIA MEMBERS of Nigeria’s National Assembly the end of June. “We’ve got the commitment that
are reportedly working to wrap up discussions it will come up in June. We’ve heard that before
on the proposed oil and gas law, known as the and we are waiting to see,” he said earlier in June.
Petroleum Industry Bill (PIB), by mid-July. Representatives of TotalEnergies (France)
According to Benjamin Kalu, a member of and Royal Dutch Shell (UK/Netherlands)
the lower house of the legislature, a joint com- recently urged Nigeria’s government to approve
mittee that includes members from both the the PIB as quickly as possible. They argued that
House of Representatives and the Senate is “cur- fast action was necessary to ensure the con-
rently looking at the final draft of the bill.” Com- tinued flow of investment in the West African
mittee members are trying to finish their work country’s oil and gas sector.
quickly so that the draft can be submitted to
both chambers for a vote before July 16, the first
day of the National Assembly’s annual recess, he
was quoted as saying by Bloomberg.
Legislators are not due to return from the
recess until September 6, he noted. He did not
say when he expected the Senate and National
Assembly to vote on the PIB.
Nevertheless, Ajibola Basiru, a member of
the upper house, said he was confident that leg-
islators would be able to pass the bill in the third
reading next month. “I’m optimistic that, at the
rate we are working round the clock, the PIB
will be passed before our annual recess,” he said,
according to a Bloomberg report.
The MPs were speaking after Ahmad Lawan,
the president of the Senate, expressed confi-
dence that the National Assembly would pass
the PIB in the third reading and send it to Pres- Kalu expects the PIB to pass in the third reading before legislators
ident Muhammadu Buhari for signature before begin their annual recess on July 16 (Photo: Twitter/@OfficialBenKalu)

Workers go on strike at Doba block

CHAD WORKERS at the Doba block in Chad have ExxonMobil has refused to offer guarantees that
staged a strike in response to the news that Exx- they will receive all the benefits to which they are
onMobil (US) intends to sell its stake in the site entitled in the event that Savannah reduces staff
to UK-based Savannah Energy. levels after the deal is closed, the news agency
According to a Reuters report, the work said.
stoppage began on June 25 and continued into As of press time, ExxonMobil had not com-
the early part of this week. The strikers took this mented directly on conditions at the Doba
step to voice their concern over the fact that block.

Week 26 30•June•2021 www. NEWSBASE .com P11