Page 18 - AfrOil Week 09 2023

AfrOil NEWS IN BRIEF AfrOil

During drilling operations at the well, the crew green ammonia production to satisfy the needs prospective resource potential and individual
encountered 22 metres of net oil pay in the pri- of Egypt’s domestic market and increase exports. prospects estimated at 100-700mn barrels each.
mary Alam El Bueib reservoir target in line with Scatec commissioned the first phase of Egypt Genel has launched a process to find a part-
pre-drill expectations. Green’s green hydrogen plant in Ain Sokhna, ner to take a material equity position and jointly
The well will be completed and tested in the Egypt, during COP27 held in Sharm El Sheikh pursue the exploration programme in the block,
coming days and can then be brought immedi- in November 2022. When fully developed, it will with the opportunity to drill and test one of the
ately onstream through the existing ASH facili- consist of 100 MW of electrolysers, powered by high-graded prospects.
ties, adding additional production and revenue 260 MW of solar and wind power. The facility bna/IntelliNews, 02 March 2023
for UOG. will deliver up to approximately 15,000 tonnes
UOG is an oil and gas company with a port- per year of green hydrogen as feedstock for pro- Tanzanian billionaire’s Taifa
folio of low-risk cash-generative production duction of up to 90,000 tpy of green ammonia in
and development assets across Egypt and the Fertiglobe’s existing ammonia plants. Gas enters Kenya, set to
UK. Abu Sennan is located about 200 km west bna/IntelliNews, 27 February 2023
of Cairo. The concession consists of seven devel- shake local LPG market
opment leases apart from exploration licences Genel Energy signs
across a total area of 644 square km. Tanzanian LPG company Taifa Gashas officially
The Abu Sennan concession was estimated Petroleum Agreement for entered the Kenyan market on Friday (February
to hold gross 11.5mn barrels of oil and 10.1bn 24) with the commissioning of the construction
cubic feet (286mn cubic metres) of gas in proven the Lagzira block of a 30,000-tonne facility at the Special Eco-
and probable reserves as of December 2019. The nomic Zone in Dongo Kundu, near the port of
commercial production at the concession started Genel Energy has announced that a Petroleum Mombasa, Business Daily reports.
in July 2012 with an initial production rate of Agreement and Association Contract has now The $130mn plant is set to nearly double Ken-
2,200 barrels per day (bpd) of oil and 3.5mn been signed with the Office National des Hydro- ya’s LPG storage capacity in what is expected to
cubic feet (99,100 cubic metres) of gas a day. carbures et des Mines (ONHYM) regarding help stabilise and reduce the prices of cooking
bna/IntelliNews, 02 March 2023 the Lagzira block (75% working interest and gas. Data from the Energy and Petroleum Reg-
operator). ulatory Authority shows consumption of LPG
Egyptian public sector ration term (in three exploration periods), with 13.9% increase from the 320,909 metric tonnes
The Agreement is for a full eight-year explo-
in Kenya reached 373,865 tonnes in 2021, a
companies and Norway’s attractive fiscal terms. recorded in 2020.
The government has allocated the company
The Lagzira block (formerly Sidi Moussa) is
Scatec sign deal to invest in a large offshore licence, in water depths of 200- 30 acres of land from the 3,000 acres that have
1,200 metres, with a proven petroleum system been set aside for the Dongo Kundu SEZ project,
green ammonia production following Genel’s 2014 SM-1 well, which recov- The Star reports.
ered oil from the Upper Jurassic reservoirs.
Taifa Gas Investment SEZ Limited managing
Two Egyptian public sector companies, Egyptian New multi-azimuth broadband 3D seismic director Veneranda Masoum said they expected
Petrochemicals Holding Company (ECHEM) acquired in 2018 by Genel resulted in a signif- to bring healthy competition in the gas industry
and Misr Fertilizers Production Company icant uplift and improvement in subsurface in Kenya because of their lower prices.
(MOPCO), have agreed with Norway’s Scatec to imaging, and prospects have been high-graded, The entry into Kenya of Taifa Gas, owned by
invest in a new domestic green ammonia pro- with follow on potential in the wider area. The billionaire Rostam Aziz, is part of a trade deal
duction facility using green hydrogen. data has highlighted new plays and provided an agreed upon in 2021 by Kenya’s former president
Scatec is a leading company in the field of enhanced understanding of the SM-1 well result. Uhuru Kenyatta and the current head of state of
green energy solutions and has the expertise In total, 18 prospects and leads have been Tanzania, Samia Suluhu Hassan.
needed to build the new integrated complex for identified, with over 2.5bn boe mean recoverable bna/IntelliNews, 02 March 2023

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