Page 7 - FSUOGM Week 50 2020

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for the project, which envisions the construction of
a thermal power plant (TPP) and associated trans-
mission infrastructure in Temane, while the OPEC
Fund for International Development will make up
to $50mn available.
When finished, the TPP will have a generating
capacity of 450 MW. It will burn gas from the Pan-
de-Temane Inhassoro fields, which are being devel-
oped by South Africa’s Sasol.

If you’d like to read more about the key events shaping
Africa’s oil and gas sector then please click here for
NewsBase’s AfrOil Monitor .

AsianOil: Tamboran expands Australian
shale portfolio
Australian junior Tamboran Resources has
agreed to acquire Longview Petroleum’s 100%
stake in Sweetpea Petroleum, securing control of
exploration acreage in the Northern Territory’s
Beetaloo shale play.
The privately owned developer announced
on December 10 that the all-scrip deal would
see Longview receive a 29.95% equity stake EP 161 next year. EPs 136 and 161 lie adjacent
in Tamboran as well as the ability to appoint a to Origin Energy and Falcon Oil & Gas’ EP76,
non-executive director to former company’s where all civil engineering and constructions
board. have been completed and the 76-N2H horizontal
Tamboran added that it expected to secure well is planned for 2021.
regulatory approval in early 2021 and once the Tamboran CEO and managing director Joel
deal closed it would wholly own and operate Riddle said: “In total, this area may see between
exploration permits (EPs) 136, 143 and 197(A). three and five new delineation wells or results
Tamboran described the acquisition of the over the next year, making this one of the most
new licences as “highly strategic”, significantly active onshore exploration plays globally. These
expanding its presence in the Beetaloo sub-ba- next 12 months are crucial as the Beetaloo grad-
sin beyond its current 25% working interest in uates from being viewed as an exploration play
Santos’s EP 161. to the world-class commercial development
Tamboran said the deal would allow it to opportunity that we believe it is.”
become an operator in the basin once again, after
Santos farmed into EP 161 in 2012. The junior If you’d like to read more about the key events shaping
said the Sweetpea acquisition not only consoli- Asia’s oil and gas sector then please click here for
dated the company’s Beetaloo Basin focus, where NewsBase’s AsianOil Monitor .
it “has developed in-depth technical knowl-
edge”, but it also provides for significant “reserve DMEA: Nigeria’s unfulfilled gas potential
growth”. Nigeria needs to make more use of its abundant
Tamboran said: “EP136 sits adjacent to EP161 gas resources, in order to bring down energy
and, in combination, [they] cover the portion of costs, lower its emissions and spur economic
the Beetaloo sub-basin with the thickest and growth, Nigeria LNG (NLNG) CEO Tony Attah
highest quality shales as delineated by seismic said at a conference last week.
and intersection by wells drilled to date.” While Nigeria is better known as Africa’s
Tamboran said at the start of the month that biggest oil producer, it also holds 200 trillion
EP136 held the potential to turn the company feet (5.4 trillion cubic metres) of proven natural
into a major developer of shale gas for the East gas. According to Attah, “it’s about time Nigeria
Coast market. The company cited the flow test really takes advantage of this resource.”
results from EP161’s Tanumbirini-1, the first NLNG’s LNG terminal on Bonny Island can
vertical well drilled on the block. produce up to 22.5mn tonnes per year (tpy)
The developer said in October that the of LNG. The consortium last year took a final
Tanumbirini-1 well had achieved an average investment decision (FID) on adding a seventh
flow rate of 2.3 mmcf (65,000 cubic metres) per train and de-bottlenecking the project, which
day during the first 90 hours of testing follow- should expand its output to 30mn tpy in 2024.
ing a more than 160-day shut-in. It added that Both the consortium and the government
Tanumbirini-1’s flow results suggest that a single have complained about the country’s slow pace
well in the core Beetaloo could produce in excess in growing its LNG export capacity. The coun-
of 10 mmcf (283,000 cubic metres) per day and try was the world’s fourth-biggest LNG exporter
a total of more than 10 bcf (283.2 mcm) over its until last year, when it moved down to fifth posi-
whole lifespan. tion after being replaced by the US.
Santos is planning on drilling the Tanumbir- “We have to set our sights on trains eight, nine
ini 2H and Tanumbirini 3H horizontal wells in and 10,” Attah said.

Week 50 16•December•2020 www. NEWSBASE .com P7