Page 13 - AfrOil Week 49 2021

AfrOil PROJECTS & COMPANIES AfrOil

CABGOC extends Block 0 concession

ANGOLA CABINDA Gulf Oil Co. (CABGOC), an affil-
iate of the US major Chevron, announced on
December 6 the successful extension of the
Block 0 concession, off the coast of Angola’s
Cabinda province.
The agreement extends the concession for 20
years, up until 2050. Under the renewed agree-
ment, CABGOC will remain the operator with
a 39.2% interest on behalf of its partners, Sonan-
gol EP, with a 41% interest, TotalEnergies EP
Petroleum Angola (France) with a 10% interest,
and Eni Angola Production (Italy) with a 9.8%
interest.
“We are pleased with the opportunity to con-
tinue to partner with the government of Angola
and our Block 0 associates to apply our indus-
try-leading exploration and production capa-
bilities in Angola, where we have had a presence
for more than 60 years,” Billy Lacobie, managing
director of Chevron’s Southern Africa Strategic
Business Unit, said in a statement.
In addition to Block 0, CABGOC operates CABGOC’s licence for Block 0 has been extended until 2050 (Image: Chevron)
and holds a 31% interest in a production-shar-
ing contract (PSC) for deepwater Block 14, liquefaction plant in Soyo, in ZairepProvince.
located west of Block 0. In 2020, CABGOC’s The plant has the capacity to process 1.1bn cubic
net production averaged 89,000 barrels per day feet (31.1 mcm) per day of natural gas.
(bpd) of liquids and 340mn cubic feet (9.63mn ALNG is the world’s first LNG plant supplied
cubic metres) per day of natural gas. with associated gas, where the gas originates
Chevron also has a 36.4% interest in Angola from oilfields. Feedstock for the plant originates
LNG, which operates an onshore natural gas from multiple fields and operators. ™

TotalEnergies spuds “high-impact”

Venus-1X well offshore Namibia

NAMIBIA TOTALENERGIES (France) has spudded the
Venus-1X offshore exploration well off of the
Namibian coast. The well is seen as potentially
transformative for the domestic oil industry.
Impact Oil and Gas, a privately owned explo-
ration company with interests in Africa, made
the announcement on Wednesday, 1 November.
The well is situated in Petroleum Exploration
Licence 56, Block 2913B, and is located offshore
southern Namibia. The block covers approxi-
mately 8,215 square km in water depths up to
3,000 metres. Impact owns a 20% equity stake
in Block 2913B, while TotalEnergies holds 40%, Venus-1X is being drilled at Block 2913B (Image: Impact Oil and Gas)
Qatar Energy holds 30% and NAMCOR, the
Namibian state oil company, holds 10%. known as Total, joined the block as the opera-
Impact entered the licence as the operator in tor in 2017. The French major is now drilling
2014, acquiring 2D, then 3D seismic data, which Venus-1x with the Maersk Voyager, owned by
defined the Venus prospect. TotalEnergies, then Denmark’s Maersk Drilling.

Week 49 08•December•2021 www. NEWSBASE .com P13