Page 14 - AfrOil Week 09 2023

AfrOil PROJECTS & COMPANIES AfrOil

Invictus’ 80%-owned Cabora Bassa Project, has developer.
an independent prospective resource estimate The partnership, said Invictus, is also plan-
of 20 trillion cubic feet (566.37bn cubic metres) ning an infill 2D seismic survey to mature
and 845mn barrels of conventional gas conden- multiple leads into drillable prospects along the
sate on a gross mean unrisked basis. trend from Mukuyu, and the highly prospective
On its website, the company says that basin margin play.
Mukuyu is one of the largest undrilled conven- “The tendering process has commenced
tional global exploration targets with world- for minor additional long leads and well ser-
class scale underpinned by a robust dataset vices and the completion of this process will
including seismic, gravity, aeromagnetic and help further refine the timing of the spud date
geochemical data. for Mukuyu-2,” said Invictus. “Exalo Rig 202
Invictus has already secured two gas sale remains warm stacked at the Mukuyu-1 well-
agreements with established customers in Zim- site, with planned upgrades and maintenance
babwe to supply up a total of 1.2Tcf of natural to commence in April following the end of the
gas over a 20-year period to an ammonium wet season and prior to mobilisation to the
nitrate fertiliser manufacturer and gas to power Mukuyu-2 wellsite.” ™

Saipem CEO sees Mozambique LNG

consortium resuming work in July

MOZAMBIQUE ALESSANDRO Puliti, the CEO of the Italian April 2021, when TotalEnergies declared force
oilfield services provider (OSP) Saipem, has said majeure and withdrew all personnel from its
that he expects work on the Mozambique LNG onshore site on the Afungi Peninsula after
project, led by France’s TotalEnergies, to resume a series of attacks by armed separatists. Pat-
in July of this year. rick Pouyanne, the CEO of the French major,
“We expect to gradually restart the project, recently stated that the company was “not in a
according to the information received by our cli- hurry” to restart work on its giant Mozambique
ents, starting from July this year,” Puliti informed LNG project.
analysts. He was speaking during Saipem’s 2022 Pouyanne was speaking during a recent
earnings call on February 28. visit to Mozambique’s northern Cabo Delgado
Saipem is the leader of the CCS group, which Province, where he announced that Jean-Chris-
is providing engineering, procurement and con- tophe Rufin, a humanitarian and human rights
struction (EPC) services for the Mozambique expert, had been tasked with leading an inde-
LNG consortium. It has teamed up with McDer- pendent mission to evaluate conditions in Cabo
mott International (US) and Chiyoda (Japan) to Delgado. The CEO also said he would wait for
implement €3.5bn ($3.72bn) worth of work on the report before to making any decisions about
the consortium’s onshore natural gas-processing restarting work, but he also stated that TotalEn-
facility. ergies intended to would hold discussions with
The $20bn project has been on hold since its contractors regarding costs.

TotalEnergies suspended work at its onshore facility in March 2021 (Image: TotalEnergies)

P14 www. NEWSBASE .com Week 09 02•March•2023