Page 15 - AfrOil Week 41 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM said: “We are pleased to complete the 16th lift-
ing, the second lifting since raising our stake in
Zenith Energy provides the Aje Field. We have been able to capitalise on
the increase in oil prices and reduce project debt
update on workover of while benefitting from our consolidated position
in the Aje Field. ADM is well placed to benefit
ROB-1 onshore Tunisia from future development plans at Aje, which
can bring a potentially significant increase in
Zenith Energy has provided an update regard- production levels at this quality asset.”
ing the ongoing workover of the Robbana-1 well ADM Energy holds a 9.2% profit interest in
(‘ROB-1’), located in the Robbana concession the Aje Field, and this is the second lifting since
onshore Tunisia. the Company finalised an agreement in Decem-
Zenith is pleased to report that the worko- ber 2020 to consolidate its interest in the asset.
ver of ROB-1 is progressing successfully. As last Covering an area of 835 square km offshore since 2002, specifically supporting the opera-
announced on September 6, 2021, ROB-1 has Nigeria, Aje is an oil-producing asset rich in gas tions of offshore oil exploration, drilling and
not undergone any form of well intervention and condensate reserves and currently has two production, and supplying products, gas oil, and
since 2012 and was producing at a stabilised rate producing wells, Aje-4 and Aje-5. lubricants as part of an uninterrupted, around-
of approximately 20 bpd prior to the commence- ADM Energy, October 12 2021 the-clock assistance service. We supply diesel
ment of workover operations. and lubricants to operating companies.
The well completion string has been fully Invictus provides update on Last year, activity dropped considerably due
pulled out of the wellbore, encountering approx- to the pandemic. Mobility of people has been
imately 200 hundred meters of paraffin and wax Cabora Bassa project greatly reduced.
deposits cleared by way of reverse circulation Obviously, demand also dropped considera-
using diesel fuel. The Company will now proceed Invictus Energy has provided an update on the bly, which has affected energy companies, too. If
with bottom hole cleaning and scraping of the activities on its 80% owned and operated Cabora demand was at 80%, then it has been reduced to
casing to be followed by the installation of a new Bassa Project in Zimbabwe. less than 40%. If our monthly demand for diesel
tubing anchor and sucker rod pump supplied by Seismic Campaign Update: The Cabora Bassa was more than 20,000 tons, it has been reduced
Weatherford. 2021 seismic survey (CB21 Survey) campaign is to 4,000-5,000 tons.
ROB-1 operations are expected to be con- progressing well with 220 km of data recording Question: What are the key factors that
cluded during the next 10 days. In the event of and 240 km of layout completed to date. The enabled LOTEG to become a leader within
a successful outcome, the Company is expect- data quality and density being acquired from the Equatorial Guinea’s petroleum products sec-
ing a new stabilised production rate in a range CB21 Survey is excellent and a step change from tor? Answer: The key factors that have driven
between approximately 60-80 bpd. the previous Mobil survey conducted in 1990. LOTEG’s growth have largely been the following.
Andrea Cattaneo, CEO of Zenith, com- The HSE performance has been exceptional, Preferred supplier in the region: Our deliv-
mented: “The team looks forward to success- and the project has now exceeded 87,000 hours eries have consistently been very punctual. Our
fully completing Zenith’s first well intervention without a Lost Time Injury (LTI). The seismic USI pipeline, the strategic location of our storage
in Tunisia. A projected increase of approximately data QC and processing has commenced and plant in the port of Luba and our high storage
40-60 barrels of oil per day will, in the current ongoing. capacity helps us to ensure that our clients are
high oil price environment, result in significant Invictus Energy, October 7 2021 served at all times.
additional revenue and associated profitability. The best partner: We have better legal advan-
We are very pleased with our recent progress tages (free port), and our supply facility is well
and expect to soon be in a position to update MIDSTREAM located in terms of proximity to many destina-
shareholders on our other key development tions in the region. Flexibility in prices is another
milestones.” Equatorial Guinea’s Luba factor to which we attach great importance.
Offered services: The services we offer meet
Zenith Energy, October 12 2021 all the standards of the sector, including opera-
ADM Energy completes 16th oil terminal aims to be a tions monitoring services and product loading
preferred supplier
and unloading rations. In the sale and supply of
cargo lifting at Aje field Luba Oil Terminal Equatorial Guinea (LOTEG) operability specifications requested by the cli-
fuel, we comply with the quality, handling and
ADM Energy has announced the completion of is seeking to expand fuel storage services to the ent. We have a product analysis and certification
the 16th Lifting at the Aje Field, part of OML 113 mainland and neighboring countries via two laboratory.
offshore Nigeria. new projects underway and the construction of Storage capacity: We have three storage tanks
The Lifting totalled 232,379 barrels with a net gas stations in the city of Malabo. Energy Capital for products of two units of 10,560 cubic metres
share of 21,424 barrels to ADM, which equates to & Power spoke to LOTEG Director General Per- and one UDS of 1,000 cubic metres.
ADM’s profit interest of approximately 9.2%. The gentino Mba Nguema Alene about the impact Operating capacity of the plant: We have met
proceeds of the Lifting will be applied against the of COVID-19 on the company and its post-pan- all required international standards. We have a
project debt, contributing to a reduction in the demic outlook. pumping capacity of 250 cubic metres per hour
outstanding balance. The nominated offtake Question: What has been the impact of for ships and about 10 cubic metres for tanker
partner for the Lifting was Mecuria, a global COVID-19 on LOTEG’s activities in Equatorial trucks (every five minutes). At our loading and
energy and commodity group. Guinea? Answer: LOTEG has been operating in unloading areas, we are capable of supplying two
Osamede Okhomina, CEO of ADM Energy, the hydrocarbons sector in Equatorial Guinea vessels simultaneously.

Week 41 13•October•2021 www. NEWSBASE .com P15