Page 14 - AfrOil Week 11 2023

AfrOil PROJECTS & COMPANIES AfrOil

Energean’s net share of production is set to peak
in 2024 at the level of 15,000-20,000 boe per day
(boepd).
Energean sanctioned the project in January
2021, saying it intended to leverage existing
infrastructure by using subsea tie-backs to link
the four wells at NEA/NI to Energean’s North
Abu Qir III platform. The company has taken
two years and two months to move from final
investment decision (FID) to first gas.
Mathios Rigas, the CEO of Energean,
expressed satisfaction with the NEA/NI project’s
progress, calling it a sign of the company’s com-
mitment to Egypt and long-standing partner-
ship with the Egyptian Ministry of Petroleum,
Egyptian General Petroleum Corp. (EGPC)
and Egyptian Natural Gas Holding Co. (EGAS).
The project creates value for all stakeholders,
brings new production into the company’s East
Mediterranean gas-focused portfolio and meets
the needs of Egypt and its people by providing
a reliable supply of energy with a lower carbon
footprint than alternative sources of domestic
energy. Tie-backs link NEA/NI to Energean’s Abu Qir III platform (Image: Energean)
Energean holds a 100% stake in the NEA/
NI concession and operates it through sepa- gas fields (Yazzi and Python), while NI contains
rate 50:50 joint venture companies under the four discovered gas fields, one of which is ready
overall management of Abu Qir Petroleum. for development. Both areas have additional
NEA contains two discovered and appraised mapped but undrilled prospects. ™

Ghanaian presidential hopeful sets

revival of TOR as campaign goal

GHANA DR. Kwabena Duffor, presidential candidate for
the National Democratic Congress (NDC) of
Ghana, has said that he will prioritise the res-
toration of the Tema Oil Refinery (TOR) to full
capacity if elected.
Duffor, a former finance minister and gov-
ernor of the Bank of Ghana running in the
country’s 2024 general election, made the com-
ments while speaking to party delegates during a
campaign tour in the Accra region last week. He
said he would commit to running the refinery
“efficiently and sustainably” in order to provide Ghana’s Tema Oil Refinery has a throughput capacity of 45,000 bpd (Image: TOR)
affordable fuel for the country.
“I understand the importance of TOR to the of industry experts – with the aim of ensuring a
Ghanaian economy, and if given the opportu- steady supply for the plant.
nity to lead, I will work tirelessly to bring it back The 45,000 barrel per day (bpd) facility had
to full operation. The high cost of petroleum been expected to resume full operations by the
products is a significant burden on the average end of February following extensive repair work.
Ghanaian, and we must do everything we can to It has been plagued by issues since an explosion
make fuel prices more affordable,” he said. at its distillation unit in early 2017 and was
He explained that his plan to revive the refin- closed completely between July 2020 and Janu-
ery includes a review of the refinery’s operation ary 2021.
procedures and general infrastructure. He out- Outages were experienced at the crude dis-
lined that exploration for alternative sources of tillation unit (CDU) and fluid catalytic cracking
crude oil would take place – under the guidance (FCC) unit in January 2021.

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