Page 12 - AfrOil Week 32

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nEWs in bRiEf
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reservoirs - considered one of the local oil sector’s principal achievements and infrastructure upgrades in recent years.
addressing the employees at the eld, chairman Sanalla thanked them for their continued dedicated service and record turnaround time to maintenance works:
“El Bouri and GaZa play a key strategic
role in Libya’s energy security and o shore production capability. Continuous o shore production is more important today than ever because of continued hostilities in the country. NOC will continue to look to increase domestic production, including o shore, thereby funding additional basic services across the country and providing mutual opportunities for both Libyan companies and our international partners.”
El Bouri oil eld was the rst to be developed o the coast of Libya. Discovered in 1976, the eld began production in 1988. noC, august 4, 2019
NNPC Highlights Benefits
of Nigeria-Morocco Gas
Pipeline
e Nigeria-Morocco Gas Pipeline (NMGP) project would open new vistas for Nigeria’s gas aspirations, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said. Mallam Kyari disclosed this Tuesday in abuja at a stakeholders’ engagement involving the corporation, its Moroccan partner on the
Gas Project, the Morocco National O ce for Hydrocarbons & Mines (ONHYM), and the executives of International Oil Companies operating Nigeria, at the NNPC Towers.
e meeting was sequel to high-level discussions on the Pipeline Cooperation agreement (PCa) for the NMGP project signed between both countries during separate visits by their leaders, Nigeria’s President Muhammadu Buhari and King Hassan VI of Morocco.
e PCa will particularly facilitate the establishment of a gas pipeline to supply the product from Nigeria to Morocco and the West african sub-region and further into Europe. at the moment, both countries are planning to extend the pipeline that has been pumping gas from Nigeria to Benin, Togo and Ghana since 2010 to Morocco.
Speaking shortly a er the engagement with the representatives of the multinationals, Kyari described the project as strategic for
the country, adding that the project would provide market for Nigerian gas.
“We have a lot of stranded gas particularly
in the Deepwater that we need to put on the table. is project will enable us have more gas for domestic consumption so that we can improve power supply and gas to Industry,” Kyari stated.
nnPC, august 7, 2019
WEst afRiCa
Amplus wins marginal field work in Angola
amplus Energy Services has been awarded a multi-million-dollar contract to reevaluate the development of marginal elds in angola. e aim of the contract is to develop economically viable eld development solutions for a major operator in angola. e six-month project will be managed by amplus from its aberdeen headquarters.
amplus will work in partnership with TechnipFMC and Halliburton to support work on the project, while local support in angola will be provided by Prodiaman Oil Services Sa, amplus Energy Services’ partner in country.
“We are developing an excellent reputation as a company who can turn previously uneconomic oil and gas reserves into nancially viable resources,” Ian Herd, Managing Director of amplus Energy Services, said. “ e lessons learned from this latest contract award will not only
be strategically key for marginal eld developments in angola, but also in the North Sea, where there are more than 200
discoveries still to be developed with several billion bbl available for recovery.
“as a mature basin, most of the UK Continental Shelf ’s remaining reserves are contained within marginal elds,” Herd added. “amplus Energy Services’ ongoing North Sea Production Club initiative, which is designed to make even the smallest elds economically viable, has been pivotal in helping amplus Energy Services secure the marginal eld development study contract in angola.”
e amplus Versatile Production Unit (VPU) is the key to o ering clients, safe, t-for-purpose and cost-e ective production facilities. e VPU can support a wide range of production capacities.
amPlus EnERGy sERviCEs, august 7, 2019
Glencore takes Chad impairment
Net income attributable to equity holders down to $0.2bn, mainly driven by lower average period-over-period commodity prices and impairment charges in our Chad oil and african copper portfolios.
GlEnCoRE, august 7, 2019
CNOOC acquires Svenska’s offshore Guinea-Bissau
Far Limited has approved the request for Transfer of Interest from Svenska Petroleum Exploration GB of a 55.55% participating interest in the highly prospective Sinapa
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Week 32 13•August•2019