Page 14 - AfrOil Week 48 2021

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Platina is connected to the Greater Plutonio FPSO at Block 18 (Image: GNGCL)
Platina is the second project in Block 18 after the In related news, Angola exported 98.6mn
Greater Plutonio field began production in 2007 barrels of crude oil valued at a weighted average
and BP’s first operated development in Angola price of $73.265 per barrel in the third quarter of
since the PSVM project in Block 31, which 2021. This resulted in gross revenues of approxi-
began production in 2012. mately $7.22bn.
A BP Angola-contracted DS-12 drillship The largest volume of Angolan oil exports
arrived on September 28 to execute the drilling went to China (69.18%), followed by India
programme for the development campaign of (6.77%) and South Africa (3.92%), according to
the Platina project. government data. ™

Kinetiko spuds Korhaan-3 well near

proposed Amersfoort gas terminal

SOUTH AFRICA AUSTRALIA’S Kinetiko Energy reported last The joint venture will drill a total of five wells
week that it had begun drilling Korhaan-3, the within the framework of the Korhaan project,
third well within the framework of the Korhaan and Korhaan-3 is the last to be spudded in 2021.
project, which targets shallow conventional gas “With three new wells of the Korhaan project
and coal-bed methane (CBM) fields at the ER 38 now successfully spudded, the company’s expec-
and ER 56 blocks in South Africa. tations are high that all five wells are intended to
In a statement, Kinetiko said it had spudded become potential early pilot-production wells,
Korhaan-3 in late November. It said it intended with co-mingled production to an infield off-
to sink the well to a depth of about 400-450 take facility being planned,” Kinetiko noted.
metres using air/percussion drilling techniques. The Australian firm reported in September
The company is drilling Korhaan-3 with the of this year that it had applied for production
aim of testing gassy sandstones and CBM hori- rights at a newly consolidated block known as
zons from nearby coal beds. These beds have ER 271, which lies directly between ER 38 and
already been intersected and were observed ER 56. It stated that securing this licence would
to contain gas in two wells – KA-03PT2 and help streamline its development plans by elimi-
KA-03PTR, both of which have been flow- nating the need to submit multiple applications
tested – that are about 400 metres away from for production rights.
the Korhaan-3 drilling site, it noted. The Australian firm has been working at
Like Korhaan-1 and -2, the new well is close the two blocks through its joint venture with
to Kinetiko’s proposed gas collection terminal Badimo Gas. Equity in the venture, which holds
at Amersfoort. This facility, if built, will handle 100% of exploration rights, is divided 49% to
gas from the ER 38 and ER 56 blocks. The two Kinetiko and 51% to Badimo Gas, and there-
companies are working to establish the access fore the project has secured Black Economic
and infrastructure needed to conclude off-take Empowerment (BEE) status from the South
negotiations, Kinetiko said in its statement. African authorities. ™

P14 www. NEWSBASE .com Week 48 01•December•2021