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Kontan, citing SKK Migas data, said the con- on October 6.
tractors’ exploration commitments amounted Speaking at a conference, Kyari said that an
to $782.7mn, with the money earmarked for 41 agreement with 15 trading companies and refin-
geophysical and geological (G&G) studies and ers on gasoline supplies in exchange for crude
the acquisition of 2,150 km of 2D seismic data oil had been extended for six more months until
and 3,050 square km of 3D seismic data, as well the end of March.The swap deal will continue
as the drilling of 70 exploration wells. The com- until Nigeria’s refining industry is ready to meet
panies’ EOR commitments, which include two domestic demand in three years, he said.
developments and nine trial projects, will attract The country, Africa’s biggest oil producer,
$386.8mn. relies heavily on fuel imports, as its main domes-
SKK Migas has previously said the commit- tic refineries are in disrepair and have been
ted work programmes across the 13 licences closed down.
could help lift production from an anticipated Meanwhile, Nigeria’s Dangote conglomerate
420,000 barrels of oil equivalent per day this year plans to bring on stream a new 650,000 barrel
to 450,000 boepd in 2022. per day (bpd) refinery in Lekki in 2021-2022, but Indonesia’s
The regulator has been stepping up its efforts there is a risk of delays. Once the plant is online,
to engage upstream developers to produce more though, Nigeria expects to have spare fuel for SKK Migas has
oil and gas, despite the collapse in both energy export. Meanwhile, NNPC wants to modernise been stepping
prices and demand as a result of the health crisis. its four existing plants by attracting international
Kurniasih said last week that the watchdog was investment. Under current circumstances, this up its efforts to
spurring developers to boost oil production by search could take some time.
2,900 barrels per day this year to 707,200 bpd by Over in South Sudan, independent fuel sup- engage upstream
optimising development drilling, workover and plier Trinity Energy has entered into talks with
well intervention. financiers and contractors to build a $500mn oil developers to
“For the oil target, we are optimistic that it can refinery at Paloich, according to the company’s produce more oil
be achieved, especially since the planned shut- CEO Robert Mdeza.
down of [Banyu Urip] yesterday was successfully Trinity has engaged Chemex (US) to serve as and gas
accelerated,” she told Kontan on October 4. the project’s manager, and preparatory work will
She was speaking after US super-major Exx- be funded by the African Export-Import Bank,
onMobil shut down the field in order to upgrade he said on October 6.
the project’s gas handling capacity, as well as Operations will start in two to three years,
tie-in production from state-owned Pertami- and the refinery will handle 40,000 bpd of
na’s Jambaran-Tiung Biru (JTB) gas unitisation locally produced crude from fields in the oil-rich
development. ExxonMobil’s accelerated planned Upper Nile region. Trinity may eventually raise
shutdown is expected to increase production by the plant’s capacity to 200,000 bpd, a move that
1,200 bpd, while the drilling of 11 wells at Cherv- would put it in a position to supply customers
on’s Rokan Block in the fourth quarter should across East Africa.
add another 400 bpd.
If you’d like to read more about the key events shaping
If you’d like to read more about the key events shaping the downstream sector of Africa and the Middle East,
Asia’s oil and gas sector then please click here for then please click here for NewsBase’s DMEA Monitor.
NewsBase’s AsianOil Monitor.
Europe: EU eyes tougher emissions targets
DMEA: Nigeria extends oil-for-fuels scheme Members of the European Parliament on Octo-
Nigerian National Petroleum Corp. (NNPC) will ber 6 voted strongly in favour of adopting a
continue its crude oil-for-products swap pro- legally binding target for the EU to curb green-
gramme until 2023, the state-owned company’s house gas (GHG) emissions by 60% by 2030
managing director Mele Kyari told a conference against 1990 levels, above the previous 40% goal.

Week 41 14•October•2020 www. NEWSBASE .com P7