Page 14 - AfrOil Week 32

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institution, that is transparency’’.
nnPC, august 7, 2019
Sirius waiting for extension at Ororo
Sirius Petroleum announces that as previously disclosed, the licence to the Ororo eld expired on 31 May 2019. as noti ed on
5 april 2019, the Company decided, in advance of the expiry date, to seek a further extension to the term of the licence from
the Department of Petroleum resources in Nigeria as has been done previously. e Company awaits the results of this application process.
e granting of any extension to the term of the licence will require the approval of the Minister of Petroleum whose formal appointment has yet to be made. For clari cation, there would be no drilling activity on the eld until an extension is granted. While the Company remains optimistic, there can be no guarantee that an extension to the licence will be granted, and therefore that the Company can restore its economic interest.
siRius PEtRolEum, august 2, 2019
NXT notes Nigerian work
On May 1, 2019 the Company completed the acquisition phase of its Nigerian SFD® survey valued at approximately US$8.9 Million with PE Energy, a Nigerian oil and gas service company. PE has a contract with the Nigerian National Petroleum Company (NNPC), to provide 5,000-line kilometers of SFD surveys in Nigeria.
NXT’s recommendations are being delivered during the third quarter of 2019. e Company will also discuss the potential utilization of SFD technology in NNPC’s future exploration programs based upon the successful completion of the Department of Petroleum resources (DPr) near-shore ight and the initial onshore SFD® data review conducted in april 2019 by the Frontier Exploration Services (FES) of NNPC.
e Company has received US$5.7 million from PE for the SFD Surveys in Nigeria, including US$4.4 million in July 2019. e nal milestone payments of US$3.2 million for delivery of the nal report are expected to be made by the end of the third quarter.
George Liszicasz, President, and CEO
of NXT, commented, “During the second quarter we completed the acquisition of 5,000 line-kilometers of SFD® data, interpreted most of it, and presented milestone results to the clients in late July 2019. In addition, we were paid almost two thirds of the total US$8.9
million contract fee based upon milestones completed. e Company also discussed the potential utilization of SFD technology in the NNPC’s future exploration programs based upon the successful correlations of SFD with NNPC’s proprietary seismic data. During
the last week of July a detailed comparison of SFD data with DPr proprietary seismic data was carried out over the near-shore SFD Pilot Project area designed by DPr. e results
are very encouraging which may lead to new SFD survey opportunities in Nigeria. again, I want to thank NXT’s hard working employees and PE Energy for executing on a successful SFD project. Our team has just completed
a three week trip which started with data integration and presenting results in Nigeria and ended in Beijing where we built upon our strengths in the West african region through conversations in Beijing with BGP and a liates. BGP is the largest seismic company in the world with a signi cant presence in africa.”
nxt EnERGy solutions, august 7, 2019
East afRiCa
ZOZEN completes Kenya boiler commissioning
recently, ZOZEN and Kenya’s oil giant KPC built a friendly cooperation relationship
on the WNS oil red steam boiler project. Currently, the boiler has been successfully delivered to Kenya and has completed the
ignition commissioning.
Since 2016, Kenya has accelerated the
development of commercial oil production and become a fast-growing oil producing country. Founded in 1973, KPC (Kenya Pipeline Company Limited) is one of Kenya’s state-owned large oil processing and transportation companies, playing a key role in promoting Kenya’s economic development.
In the petroleum processing industry, the e cient and energy-saving boiler system
is the main factor a ecting the quality of
oil products and the economic bene ts of enterprises. With its strong technical strength and rich project experience, ZOZEN became a partner of KPC, providing an e cient and energy-saving steam boiler system for KPC to meet their increasing production capacity. zozEn, august 12, 2019
Tanzania tanker explosion
a tanker explosion in Tanzania is believed to have killed 64 people. e incident occurred on august 10 in Morogoro. e tanker had overturned and locals had gathered in an attempt to collect fuel that was spilling out. another 70 were reported to have been injured.
according to reports from the local police, a large number of the dead were motorbike taxi drivers.
Tanzanian President John Magufuli declared three days of mourning and has asked people to avoid such accidents by not attempting to gather fuel.
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Week 32 13•August•2019