Page 18 - AfrOil Week 18 2022

AfrOil NEWS IN BRIEF AfrOil

Tunisia’s energy deficit currently amounts to very pleased to announce a second successful
60% and, in the absence of major discoveries in well in the South Disouq 2022 drilling cam-
hydrocarbons or natural gas, the North African paign. SD-12_East is expected to be contributing
country needs to develop renewable energy to to production by July 2022 and I look forward
ensure its security of energy supply. to updating the market further on the results of
The new energy strategy centres around the well-test when this completes in the coming
increasing energy efficiency and developing weeks.”
renewable energy. It aims to produce 3,800 MW SDX Energy, May 3 2022
of solar energy by 2030, reduce 30% of primary
energy consumption and produce 30% of its Libya’s NOC to implement
electricity from renewable energy by 2030.
bne/IntelliNews, April 29 2022 two-phase plan to develop
Togo spent $19.2mn on fuel Hamada field

subsidy in April to offset 10 days to monitor the pressure build-up before Libya’s National Oil Corp. (NOC) is currently
being opened up to flow continuously to the planning to develop oil and gas discoveries in
rising pump prices CPF. the Hamada field, according to Mustafa Sanalla,
Mark Reid, CEO of SDX, commented: “I am head of the state-owned company.
Togolese authorities in April earmarked pleased to announce the tie-in of the SD-5X The development is to be implemented
FCFA12bn ($19.2mn) worth of fuel subsidies well so soon after the well was completed. The in partnership with Arabian Gulf Oil Co.
to cushion consumers against rising prices due well is now contributing to production and cash (AGOCO) in two phases. The first phase will
to the Russia-Ukraine war, Sika Finance reports. flow from this asset much earlier than originally include the production of 25,000 barrels per day
Minister of Trade Kodjo Adédzé noted that as anticipated and is testament to the ability of the (bpd) to be exported through the Zawiya port.
of late April, super unleaded petrol was selling at SDX operations and field teams. Once the long- The second phase will produce 250mn cubic feet
FCFA595 ($0.81) a litre at the pump against the term production profile for the well has been (7.08mn cubic metres) of gas per day, which will
actual cost of FCFA851 ($1.37). established, we will revise our 2022 production be exported by the Mellitah facility.
At the same time, he said, the government is guidance if appropriate.” Earlier in April, Sanalla said the NOC had
facing supply difficulties. “The problem is not SDX Energy, May 4 2022 acquired loans worth LYD6.5bn ($1.38bn) to
only the price but the availability of the petro- help renovate the oil sector and fix damaged
leum products,” Adédzé said, as quoted by Sika SDX Energy announces find fields and supplies.
Finance. Libya’s main oilfields have witnessed repeated
Togolese authorities last raised prices at the at SD-12 East appraisal well closures as a result of protests, political power
pump on March 28, when the price of super struggles and other disruptions. Production was
unleaded jumped to FCFA595 from FCFA505. at South Disouq suspended several times and workers’ wages
In neighbouring Côte d’Ivoire, for example, were not paid in time.
a litre sells for FCFA695. According to Sika AIM-listed SDX Energy, the MENA-focused Oil minister Mohamed Oun said earlier this
Finance, Togo was ranked 9th out of 20 African energy company, has announced a gas discovery week that the closures imposed on the main oil
countries in terms of pump prices. at the SD-12_East well that targeted a separate export fields and ports are costing the country
bne/IntelliNews, May 4 2022 compartment in the Sobhi Field, within the Ibn more than $60mn per day in losses.
Yunus North development lease. Last week, the NOC declared force majeure
SD-12_East (SDX Working Interest: 67%) as protests closed the main oilfields, including
PROJECTS & COMPANIES spudded on 17th April and reached TD at 7,295ft the country’s biggest, the Sharara, in the western
MD on 26 April 2022. The primary basal Kafr region.
SDX Energy announces El Sheikh target was encountered at 6,567ft MD bne/IntelliNews, April 28 2022
and discovered 70.2ft of net pay gas sand with
SD-5X well production an average porosity of 24.1%. A secondary tar- Subsea 7 awarded contract
get gas sand in the upper Kafr El Sheikh was also
start-up at South Disouq encountered at 4,838ft MD and discovered 9.1ft offshore West Africa
of net pay gas sand with 30.7% porosity. SD-12_
AIM-listed SDX Energy, the MENA-focused East will now be completed, tested in the primary Subsea 7 has announced the award of a substan-
energy company, has announced the comple- target area and tied-in to the CPF via the SD-12X tial contract for the engineering, procurement,
tion of the tie-in of the SD-5X Warda well (SDX flow-line and it is estimated that the well will be installation and commissioning of flowlines and
Working Interest: 36.85%) to the CPF via the on production in July 2022. An announcement umbilicals offshore West Africa.
SD-4X flow-line approximately one month concerning the results of the testing of SD-12_ Project management and engineering has
ahead of schedule. East will be made in due course. commenced with offshore operations scheduled
The well is now under production test, with With the completion of SD-12_East, the to take place from H1-2024.
first gas achieved on 27 April 2022. After the ini- rig will now move to the final well in the three- No further details are disclosed at this time
tial flow period, there will be a short shut-in of well campaign, MA-1X, which is targeting the due to contractual obligations.
12 hours, followed by the main flow period of Mohsen prospect and which has a planned spud Subsea 7 defines a substantial contract as
five days at rates of 8, 10 and 12 mcf per day. Post date in late May. being $150-300mn.
the main flow period, SD-5X will be shut-in for Mark Reid, CEO of SDX, commented: “I am Subsea 7, April 29 2022

P18 www. NEWSBASE .com Week 18 04•May•2022