Page 10 - AfrOil Week 50 2022

AfrOil INVESTMENT AfrOil

Afentra’s stake in Block 03/05 will rise to 24% (Image: Afentra)
“[Formal] completion is anticipated to occur in After Afentra completes its acquisition,
early 2023,” the statement said. “Given the pro- equity in Block 3/05 will be split as follows:
gress made to date, there is not considered to be Sonangol (operator, 30%), Afentra (24%), Mau-
any requirement to extend the long-stop date rel & Prom (France, 20%), Eni (12%), Somoil
pursuant to the INA acquisition at this time.” (Angola, 10%) and NIS-Naftagas (Serbia, 4%).
Block 3/05 and Block 3/05A are both shal- According to Afentra’s December 14 state-
low-water sites located in the Lower Congo ment, oil production levels at Block 3/05 aver-
basin. The former is home to eight mature oil- aged 19,160 barrels per day (bpd) in the first
fields discovered by Elf Aquitaine (now part nine months of 2022.
of France’s TotalEnergies) in the 1980s. It held As such, the company’s net share of total
approximately 100mn barrels of crude in proved output would amount to just under 4,600 bpd
and probable (2P) reserves as of the end of 2021 upon the completion of the Sonangol and INA
and yielded 17,000 bpd on average last year. deals. ™

South African green hydrogen project

secures backing from German government

SOUTH AFRICA THE German government has approved a
$15.7mn grant to the UK-based chemicals
group Linde to support a green hydrogen pro-
ject in northeastern South Africa.
The subsidy seeks to drive the development
of the HySHiFT project by Sasol, Enertrag and
Hydregen Energy in the Mpumalanga region,
Mining Weekly reports. Germany’s Economic
Affairs and Climate Action Minister, Robert
Habeck confirmed the approval of the grant
during his recent visit to South Africa.
The HySHiFT partners aim to build a 200-
MW electrolyser and add 450 MW of renewable
generating capacity to split water into hydrogen
and oxygen and to use the green hydrogen in
locally-headquartered chemicals multinational, Germany will provide HySHiFT with $15.7mn in funding (Image: Sasol)
Sasol’s existing Fischer Tropsch facilities to pro-
duce a sustainable aviation fuel (SAF), known Secunda facility, in Mpumalanga, but using
as e-kerosene. grey hydrogen. The German funding will sup-
Sasol, with operations in 22 countries world- port the first phase of the project, during which
wide, already produces a certified jet fuel at its a 40-MW electrolyser will be built.

P10 www. NEWSBASE .com Week 50 15•December•2022