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Decraene noted that the refinery would use a country’s Sangomar oilfield and the Grand
blend of 75% Senegalese crude and 25% from Tortue/Ahmeyim natural gas asset shared with
other sources, saying: “We need to blend it with Mauritania. Previous reports have suggested
other Nigerian crude because our crude has a that SAR’s capacity would grow to 50,000 bpd,
lot of sulphur.” which would more than cater to Senegal’s cur-
Dakar is keen to ramp up downstream rent 32,000 bpd domestic demand and allow it
capacity further as launch nears on the to export the excess.
NFE concludes sale of 50% stake
in Hilli Episeyo FLNG to Golar LNG
CAMEROON US-BASED New Fortress Energy (NFE) con- Cameroon. The partners pipe production from
firmed on March 15 that it had concluded the the field to an onshore treatment facility for pro-
sale of its entire stake in the Hilli Episeyo, a cessing before delivering it to the FLNG.
floating LNG (FLNG) vessel operating offshore According to previous reports, the Hilli
Cameroon, per the terms of the deal it signed Episeyo is the first vessel in the world to be con-
last month with Bermuda-registered Golar verted to an FLNG unit.
LNG. The ship began its life as one of Golar LNG’s
In a statement, NFE noted that the transac- 125,000-cubic metre tankers and was converted
tion would be effective as of January 1, 2023. to an FLNG unit at the Keppel shipyards in Sin-
Under the agreement, it explained, Golar LNG gapore at a cost of $1.2bn. It is anchored near
has acquired all of NFE’s 50% equity stake in the the Cameroonian port of Kribi and has been in
FLNG vessel in exchange for returning 4.1mn operation since May 2018.
shares in NFE, making a payment of $100mn in
cash and assuming about $323mn worth of debt
that NFE accumulated from its holdings in the
Hilli Episeyo.
The US-based company had said in Febru-
ary, when it announced the signing of the deal
with Golar LNG, that the arrangement would
reduce the number of NFE shares outstanding
to around 204.7mn.
The Hilli Episeyo vessel is capable of turn-
ing out 2.4mn tonnes per year (tpy) of LNG. It
processes natural gas from Sanaga, an offshore
field that is being developed by Perenco (Nor-
way) and Société Nationale des Hydrocarbures
(SNH), the national oil company (NOC) of The Hilli Episeyo is the first vessel ever converted to an FLNG (Photo: Golar LNG)
ANPG hopes revised deals with ExxonMobil
will attract investment to Namibe basin
ANGOLA THE National Agency for Oil, Gas and Biofuels national oil company (NOC) Sonangol in final-
(ANPG), Angola’s upstream petroleum indus- ising additions to the contracts for Blocks 30, 44
try regulator, has signed addenda to agreements and 45.
covering three offshore blocks in a bid to attract Bloomberg quoted Paulino Jeronimo,
more investment to the Namibe basin, accord- ANPG’s chairman, as saying that the changes
ing to a report from Bloomberg. had improved the fiscal terms of the project.
The news agency said earlier this week that Jeronimo also noted that ExxonMobil intended
ANPG had joined ExxonMobil (US) and the to start exploration drilling in 2024.
Week 11 16•March•2023 www. NEWSBASE .com P9
