Page 14 - DMEA Week 40

DMEA POLICY DMEA

Angola reports oil output up in August

ANGOLA ANGOLA’S National Agency of Petroleum, metres) per day, recorded in the same month of
Gas and Biofuels (ANPG) said last week that the previous year.
Gas production was the country had seen crude oil production rise The agency further stated that the Angola
also up. slightly in the month of August. LNG plant in Soyo, a town in northern Angola,
In a press release, ANPG stated that Angolan turned out 4.6mn boe (151,371 boepd) of LNG
oilfields had yielded a total of 39.265mn bar- and other fuels in the month of August. This con-
rels of crude in August, equivalent to 1.265mn sisted of 3.78mn boe (121,984 boepd) of LNG,
barrels per day. This was 0.42% above the figure 427,044 boe (13,776 boepd) of propane, 283,910
of 1.26mn bpd reported for the same month of boe (9,158 boepd) of butane and 200,070 boe
2019, it said. (6,454 boepd) of condensate.
The agency also noted that production of Angola LNG is a consortium formed by
liquid hydrocarbons – that is, crude oil, gas con- the national oil company (NOC) Sonangol,
densate and LPG – had amounted to 39.958mn BP (UK), Chevron (US), Eni (Italy) and Total
barrels of oil equivalent (boe) in August, equiv- (France). Its gas liquefaction plant is capable of
alent to 1.289mn boe per day (boepd). It did not turning out up to 5.2mn tonnes per year (tpy)
provide a comparative figure from last year. of LNG.
ANPG went on to say that Angola had ANPG also said that the Cabinda Association
extracted some 94.228mn cubic feet (2.668mn had extracted 519,222 boe of LPG, equivalent to
cubic metres) of associated gas, equivalent to 16,749 boepd, in August. This group – which
3.04 mcf (86,083 cubic metres) per day. This rep- includes the US major Chevron as well as Eni,
resented a rise of 9.63% on the figure of 85,963 Total and Sonangol – is the developer of Block
mcf (2,434 mcm), or 2,773 mcf (78,523 cubic 0. ™

LNG

Golar LNG, BP strike deal on delivery

date for Gimi FLNG vessel

WEST AFRICA BERMUDA-REGISTERED Golar LNG reduce and re-profile its capital spending com-
revealed in a statement last week that it had mitments for 2020 and 2021.” Later, it conceded
BP had invoked a force struck a deal with BP (UK) on setting a new that it had no choice but to revise its work sched-
majeure to delay the target date for the conversion of the Gimi LNG ule, citing the impact of lockdowns in Singapore.
project. tanker into a floating LNG (FLNG) unit for the Since then, BP and Golar LNG have been
Greater Tortue/Ahmeyim project offshore Mau- working to draw up a new work plan. They have
ritania and Senegal. now wrapped up talks on the matter and have
The new deadline will be nearly a year behind agreed to preserve the original 20-year term of
the original, the statement said. “The revised the charter, according to the latter company’s
project schedule will result in the target connec- statement.
tion date for the converted [FLNG] vessel Gimi, Additionally, BP has lifted its declaration of
previously scheduled for 2022 ... being extended force majeure, Golar LNG noted. These develop-
by 11 months,” the statement said. ments are “expected to facilitate the conclusion
The two companies had originally signed a of ongoing discussions with both engineering,
20-year charter for the vessel in February 2019. procurement and construction [EPC] contrac-
At that time, they said they hoped to finish the tors and lending banks regarding the adjustment
$1.3bn conversion project in time for the Gimi of construction and financing schedules respec-
FLNG unit to begin liquefying gas from the tively,” it added.
Greater Tortue/Ahmeyim block in 2022. But UK-based BP is leading development efforts
in April 2020, BP declared force majeure on the at the Greater Tortue/Ahmeyim block, which
project, saying it wanted to delay receipt of the straddles the maritime border between Senegal
vessel for 12 months in light of the coronavirus and Mauritania. The super-major and its part-
(COVID-19) pandemic. ners intend to extract hydrocarbons from the
Golar LNG criticised this move, saying it did ultra-deepwater block using a floating produc-
not expect the pandemic to lead to such a long tion, storage and off-loading (FPSO) vessel. The
delay. However, it also began discussions with FPSO will then transfer gas to the Gimi FLNG,
Singapore-based Keppel, its main contractor, which is capable of turning out about 2.5mn
citing a need “to re-schedule activities in order to tonnes per year (tpy) of LNG. ™

P14 www. NEWSBASE .com Week 40 08•October•2020