Page 16 - AfrOil Week 28 2021

AfrOil NEWS IN BRIEF AfrOil

DOWNSTREAM for Oil and Gas Industry which the maritime a recognizable and strong position of the Exalo
industry could leverage. brand on African markets. Presence in these
Nigeria to become marine Crude Oil and LNG Tracking to Final Desti- on the local markets of drilling services and cre-
Auwalu said the DPR has deployed the regions of the world increases competitiveness
fuel retail operations hub in nation (COLT) platform, which complements ates great opportunities to gain new business
the National Production Monitoring System partners.
Africa, DPR says (NPMS), to ensure that all petroleum cargoes July 6, 2021
from the nation’s shores are monitored and effec-
The Department of Petroleum Resources (DPR) tively tracked. He said: “This Platform provides
says it has enhanced Marine Petroleum Prod- credible data for surveillance, security monitor- PERFORMANCE
ucts Retail Operations (MAPPRO), popularly ing, product accounting and international trade
known as “Bunkering,” to ensure that the coun- relationships. The platform is also providing SDX Energy provides trading
try becomes the principal MAPPRO hub in a lever for Advance Cargo Declaration ACD)
the region. Sarki Auwalu, Director and Chief programme and simplifies the obtainment of an and operations update
Executive Officer, DPR, made the disclosure Exit Summary Number (ESN) for any shipment.
while delivering the lead paper at the Fourth Furthermore, DPR shares vital intelligence with AIM-listed SDX Energy, the MENA-focused oil
Valuechain Lecture and Awards on Monday in relevant agencies of government to ensure mari- and gas company, has provided an unaudited
Abuja. The lecture has at its title: “Enhancing time safety and economic well-being.” update on its operating results and cash and
Effective Synergy Between Oil and Gas and Mar- DPR, July 12 2021 liquidity position for the six months ended June
itime Sectors for a Greater Value Creation.” 30, 2021.
Auwalu noted that the petroleum sector H1-2021 Production: Average entitlement
and the maritime sector were both vital to the SERVICES production for the period of circa 5,930 boepd,
economy and national development hence the 3% higher than the 2021 mid-point market guid-
need to continuously synergise their operations. Exalo wins contract from ance of 5,770 boepd.
He said: “This measure is to ensure that Nige- Morocco and Egypt drilling: The first phase
ria becomes the principal MAPPRO hub in the PanAfrican Energy Tanzania of the Morocco drilling campaign, which con-
region. To this end, an international Bunkering sisted of three appraisal/development wells in
conference will be held in the coming weeks to Exalo Drilling has signed a contract with PanA- SDX’s operated Gharb Basin acreage in Morocco
showcase Nigeria’s capacity and capabilities in frican Energy Tanzania Ltd, which is the opera- (SDX: 75% working interest), was successfully
this respect as well as attract investments and tor on the gas field located around Songo Songo completed in June 2021.
partnerships from across the world. Engage- Island. The OYF-3, KSR-17 and KSR-18 wells were
ments and collaborations with all relevant stake- This will be Exalo Drilling’s first contract in all commercial successes, with OYF-3 and
holders [will] make this intentional conference Tanzania, but the company already has years of KSR-17 already connected and producing into
a landmark event that puts Nigeria on the global experience in drilling operations on the African the Company’s infrastructure, with KSR-18 to
map for marine products retail.” continent. The contract covers the workover of be tested and connected shortly. Management
He noted that not only does the maritime and three wells, two workovers and one sidetrack. estimates that 1.5-1.6 bcf (42.48-45.31 mcm) of
oil and gas industry share collaboration, but they The IRI 1200 RIG#202 drilling rig will be used gross resources have been added by these wells,
also face similar risks and threats in the foresee- for the operations and is scheduled to start drill- which is in line with pre-drill P50 estimates.
able future. According to him, this include geo- ing in mid-September 2021. Currently, prepara- Preparations are underway for the drilling of up
political tension, cyberattacks, crude oil price, tions are being made to mobilise the rig, which to two additional wells in Morocco later in the
decarbonisation, climate-change adaptation, will be transported from the Exalo Mechanical year.
global economic crisis and piracy/theft. Workshop in Piła to the Port of Gdynia. From During the first half of the year, the Company
“However, with effective synergy and col- there, it will set off for Africa by sea in mid-July. received the COVID-19 delayed laboratory anal-
laboration, both industries can surmount these The drilling works will be carried out on a ysis of the cuttings and side wall cores from the
challenges and turn them to opportunities for part of the extensive Songo Songo natural gas LMS-2 well. This information confirmed that
our common good and the health of the national field, located about 15 km from mainland Tanza- LMS-2 had successfully encountered the tar-
economy,” the director said. nia and more than 200 km south of the country’s geted thermogenic gas source that exists in the
He said the recently commissioned Nigeria largest city, Dar es Salaam. Top Nappe horizon but that the reservoir in
Oil and Gas Excellence Center (NOGEC) by Acquiring a new business partner in Africa the Lalla Mimouna Nord concession has low
President Muhammadu Buhari provides Search is a huge success for Exalo Drilling and a con- permeability and the well is unlikely to flow
Rescue and Surveillance Coordination Centre tinuation of the company’s strategy of building conventionally.

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