Page 11 - AfrOil Week 32

AfrOil
nEWs in bRiEf
AfrOil
2019 high impact
discoveries already exceed
whole of 2018
High-impact exploration drilling activity increased substantially in the rst half of
2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018. e commercial success rate has also improved signi cantly, running at 37% so far compared to ~27% recorded in 2017 and 2018. 16 discoveries estimated to be larger than 100mmboe have already been made in the rst half of the
year, with the largest discoveries all being
gas at Dinkov (~14tcf) and Nyarmeyskoye (4.3tcf) in the Kara Sea o shore russia, and Glaucus (4.5tcf) in the Eastern Mediterranean o shore Cyprus. e largest oil discoveries are considered to be at Yellowtail and
Tilapia o shore Guyana, both at more than 300mmbbl.
18 frontier play tests were completed in the rst half of 2019 with only one potential commercial play opener, at the Brulpadda- 1aX well in the Outeniqua Basin o shore South africa. High-impact emerging play exploration was dominated by the Upper Cretaceous Liza play o shore Guyana, the Pliocene deepwater clastic play o shore Trinidad and the Cretaceous gas play in the South Kara Sea. High-impact success was also seen in maturing/mature plays, including Eni’s proli c Block 15/06 o shore angola (agidigbo and agogo) and at CNOOC’s
Glengorm discovery in the Central N Sea. Westwood projects that a further ~35-40 high-impact exploration wells will complete
by the end of 2019, resulting in more than
85 for the year, a ~35% increase on 2018 levels. Westwood estimates that a total of ~10bnboe could be found by the end of the year, delivering the highest volumes from high-impact exploration since 2015. Drilling in maturing and mature plays is expected to drive the increase in the well count with the frontier program expected to remain roughly inline with 2018, at around 32 frontier wells.
High impact drilling “hot-spots” will be the Suriname-Guyana Basin, the MSGBC, the Gulf of Mexico and Northwest Europe, which is expected to have a busy year for exploration with at least a further 7 high-impact wells expected, in addition to the 17 completed in 1H 2019.
WEstWood Global EnERGy, august 12, 2019
noRtH afRiCa
Nostra Terra setback at East Ghazalat
e London Court of International arbitration Tribunal has published its award in relation to the East Ghazalat concession, which Nostra Terra’s wholly owned subsidiary, Nostra Terra Inc. (NTI), holds a 50% participating interest.
e Tribunal has found that NTI is in default of the Joint Operating agreement (JOa) for the non-payment of the November
and December 2015 cash calls, to North Petroleum International Company, in
an amount of US$1,062,613 plus interest (estimated at US$125,000). Non-payment could culminate in the transfer of NTI’s interest in the Concession to North. North holds the other 50% participating interest in the Concession and is the operator.
e Board is considering its next steps with its legal advisers, including seeking damages in favour of NTI in respect of alleged breaches of the JOa by North. Further announcements will be made in due course
nostRa tERRa oil and Gas, august 12, 2019
NOC supports healthcare delivery in Zillah
National Oil Corporation (NOC) in accordance with its sustainable development framework and ongoing support of local communities delivered a shipment of essential medical equipment and supplies to the
Zillah rural Hospital on august 6, 2019.
e corporation’s sustainable development department will oversee the installation of machinery and organise training for medical sta to assist healthcare delivery in Zillah in the al Jufra district.
is ‘good neighbour’ initiative brings additional medical services to al Jufra’s communities, reducing travel time for quality healthcare provision to those living in the greater municipality and vicinity of NOC facilities.
noC, august 9, 2019
NOC completes offshore El Bouri maintenance works
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla visited the o shore El Bouri oil eld yesterday, meeting facilities sta while inspecting operations and recently completed maintenance works. e eld, situated in Libyan waters approximately 120 kilometres north-west of Tripoli and operated by NOC subsidiary Mellitah Oil and Gas Company (MOG), produces 30,000 barrels of oil daily.
e chairman congratulated sta on
the completion two days ahead of schedule of maintenance works to platforms 3 and
4, including the repair of high-pressure valves, pipeline upgrades, well maintenance, and the installation of a new power outage management system.
e delegation also visited the oating GaZa marine storage terminal, boasting a 1.5m barrel storage capacity across 14
Week 32 13•August•2019
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