Page 7 - LatAmOil Week 41

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Meanwhile, Tullow Oil (UK/Ireland) marked a
milestone in Ghana, saying it had brought the 420,000 barrels of oil equivalent per day this year
volume of oil extracted from the offshore Jubi- to 450,000 boepd in 2022.
lee field to 300mn barrels. Rahul Dhir, the CEO The regulator has been stepping up its efforts
of Tullow, called this development “a significant to engage upstream developers to produce more
moment” for his company, which has experi- oil and gas, despite the collapse in both energy
enced difficulties in other parts of Africa over prices and demand as a result of the health crisis.
the last 12 months. Kurniasih said last week that the watchdog was
Also in Ghana, Cenpower Generation Co. spurring developers to boost oil production by
(CGC), the operator of the Kpone Independent 2,900 barrels per day this year to 707,200 bpd by
Power Plant (KIPP) near Accra, has agreed to optimising development drilling, workover and
switch from light crude oil to natural gas as its well intervention.
main fuel. The company will receive the gas from “For the oil target, we are optimistic that it can
Ghana National Petroleum Corp. (GNPC). be achieved, especially since the planned shut-
down of [Banyu Urip] yesterday was successfully Indonesia’s
If you’d like to read more about the key events shaping accelerated,” she told Kontan on October 4.
Africa’s oil and gas sector then please click here for She was speaking after US super-major Exx- SKK Migas has
NewsBase’s AfrOil Monitor. onMobil shut down the field in order to upgrade been stepping
the project’s gas handling capacity, as well as
Asia: Indonesia aims to lift production tie-in production from state-owned Pertami- up its efforts to
Indonesia’s upstream regulator SKK Migas has na’s Jambaran-Tiung Biru (JTB) gas unitisation
said it is working with several contractors with development. ExxonMobil’s accelerated planned engage upstream
licences due to expire in 2022 to help them meet shutdown is expected to increase production by
their work commitments despite the coronavi- 1,200 bpd, while the drilling of 11 wells at Cherv- developers to
rus (COVID-19) pandemic. on’s Rokan Block in the fourth quarter should produce more oil
The acting head of SKK Migas’ programme add another 400 bpd.
and communication division, Susana Kurniasih, and gas
said the health crisis had delayed exploration If you’d like to read more about the key events shaping
and enhance oil recovery (EOR) work across 13 Asia’s oil and gas sector then please click here for
blocks. NewsBase’s AsianOil Monitor.
“SKK Migas and contractors are reviewing
the new schedule, adjusted for the COVID-19 DMEA: Nigeria extends oil-for-fuels scheme
pandemic and oil prices,” Indonesian language Nigerian National Petroleum Corp. (NNPC)
media outlet Kontan quoted her as saying on will continue its crude oil-for-products swap
October 9. programme until 2023, the state-owned com-
Kontan, citing SKK Migas data, said the con- pany’s managing director Mele Kyari told a
tractors’ exploration commitments amounted conference on October 6.
to $782.7mn, with the money earmarked for 41 Speaking at a conference, Kyari said that an
geophysical and geological (G&G) studies and agreement with 15 trading companies and refin-
the acquisition of 2,150 km of 2D seismic data ers on gasoline supplies in exchange for crude
and 3,050 square km of 3D seismic data, as well oil had been extended for six more months until
as the drilling of 70 exploration wells. The com- the end of March. The swap deal will continue
panies’ EOR commitments, which include two until Nigeria’s refining industry is ready to meet
developments and nine trial projects, will attract domestic demand in three years, he said.
$386.8mn. The country, which is Africa’s biggest oil pro-
SKK Migas has previously said the commit- ducer, relies heavily on fuel imports, as its main
ted work programmes across the 13 licences domestic refineries are in a state of disrepair and
could help lift production from an anticipated have been closed down.

Week 41 15•October•2020 www. NEWSBASE .com P7