Page 8 - AfrOil Week 13 2021

AfrOil PERFORMANCE AfrOil

WOC aims to restart second stage

of El-Farag gas field next month

LIBYA WAHA Oil Co. (WOC), a subsidiary of Libya’s after an eight-month hiatus related to armed
National Oil Corp. (NOC), is on track to bring conflict between the country’s warring factions.
the second stage of the El-Farag natural gas field That conflict was settled with the signing of a
back online in less than two weeks. ceasefire agreement last autumn between the
In a statement dated March 26, WOC said it UN-backed Government of National Accord
aimed to restart production at El-Farag’s second (GNA), based in Tripoli, and the Libyan
stage as of April 7. This will bring the field’s total National Army (LNA), led by Khalifa Haftar.
gas output up from the current level of 70mn The parties have now appointed a unity gov-
cubic feet (1.982mn cubic metres) per day to 180 ernment that will remain in control until elec-
mmcf (5.097 mcm) per day, said WOC’s chair- tions are held in December. In the meantime,
man, Nouri Al-Seid. NOC and its subsidiaries are working to repair
He also reported that gas condensate yields the damage that was inflicted upon oil and gas
were expected to remain steady at 15,000 bar- infrastructure during last year’s fighting. ™
rels per day (bpd). WOC pipes condensate
from El-Farag to the Gialo field so that it can
be blended into Es Sider crude oil for export, he
noted.
Al-Seid further stated the resumption of
development work at El-Farag’s second stage
would benefit Libya’s power-generating sector.
WOC sends gas from the field to the Sarir ther-
mal power plant (TPP) by pipeline for use in
electricity production, he explained.
“This is a vital, important and strategic pro-
ject that will support the electric power plants,
and despite the scarcity of spare parts due to
poor funding and the country’s conditions, we
will work to operate the second phase soon,”
he was quoted as saying in the company’s
statement.
El-Farag is one of the fields that WOC oper-
ates in the eastern section of Libya’s Sirte Basin.
Its first stage came back online last November Gas from El-Farag is piped to the Sarir power station (Image: Sarir Gas Turbine)

Tullow to spend $4.4bn on Ghanaian

oilfields over the next 10 years

GHANA TULLOW Oil (UK/Ireland) has reiterated that subsea infrastructure facilities, he told Ghana’s
it sees Ghana as one its main long-term invest- new energy minister, Matthew Opoku Prempeh,
ment targets. in an online interview.
According to Wissam Al-Monthiry, the Al-Monthiry did not provide a breakdown of
managing director of Tullow’s Ghanaian divi- Tullow’s investment budget for Ghanaian pro-
sion, the company intends to invest no less than jects. He said, though, that the firm saw its fields
$4.4bn in its Ghanaian fields over the next 10 in Ghana as high-value assets that were likely to
years. These funds will cover the drilling of more generate around $7bn in revenue by 2030. These
than 50 new development wells at the Jubilee funds will help Tullow shore up its finances and
and Tweneboa-Enyenra-Ntomme (TEN) off- reduce its vulnerability to fluctuations in oil
shore fields, as well as the construction of new prices, he said, according to Agence Ecofin.

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