Page 17 - AfrOil Week 32 2021

AfrOil
NEWS IN BRIEF
AfrOil
DRMS, also known as e-Station, is an inventory and regulatory tool that tracks product levels across retail outlets and depots. The system also tracks the movement of products from depots to retail outlets using a USSD code *7117#.
CEO, DPR, Sarki Auwalu, stated that so far out of the 33,000 filling stations registered on its network, only 6,700 have been registered.
The DPR boss stated this at a critical govern- ment agencies and stakeholders’ engagement in Lagos. In his words: “No filling station licence renewal will be done. We have already told them that every filling station must key into the DRMS. We are migrating every filling station into the DRMS. So far, only 6,700 stations have been registered, while the remaining 26,300 have till December this year to get on the network. It is now compulsory for all filling stations to be registered on our systems.”
According to him, any filling station that fails to key into the platform will not be allowed to load at the depots, saying that the DRMS would bring sanity to the downstream sector of the oil and gas industry.
DPR, August 6 2021
SERVICES
PGS delivers continuous
3D data coverage of
Southern Namibe basin
Final PSTM and PSDM products are now avail- able from PGS’ latest MultiClient 3D surveys in the Namibe Basin of Angola and Namibia.
New 3D GeoStreamer seismic coverage brings fresh understanding for exploration in deepwater Blocks 29, 30, 44, and 45 in Angola, and Blocks 1710, 1711, 1810, and 1811A in Namibia.
PGS’ ANG Namibe 2020 3D GeoStreamer dataset targets over 14,000 square km, adjacent to the ANG Namibe 2014 3D survey. The NAM 2019 3D GeoStreamer survey covers over 8,900
square km of exploration acreage in the Namib- ian sector of the basin.
PGS now offers continuous coverage of the southern Namibe basin, with final products comprising over 34,000 square km of high-qual- ity broadband seismic data, tying into important exploration and ODP wells.
Regional 3D GeoStreamer data, incorporat- ing FWI velocity model building, will help to establish target plays and traps in the southern Namibe Basin through better imaging of struc- ture and basin fill.
Basin-wide broadband coverage enables the mapping of Cretaceous through to Tertiary play elements in a basin framework, facilitating the identification of sweet spots and de-risking fur- ther exploration.
PGS, August 6 2021
PERFORMANCE
Nigeria’s government sees oil reserves rising from 36.91bn barrels to 50bn barrels
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91bn barrels to 50bn barrels in the short to medium term, the Department of Petroleum Resources announced on Monday. Director and CEO, DPR, Sarki Auwalu announced this during a workshop with industry partners on Monday.
He also announced that the regulator would inaugurate annual awards for companies, pro- jects or individuals who add value to the Nige- rian oil sector through enhanced recovery of the country’s oil and gas resources.
Auwalu in a statement issued by the Head of Public Affairs, DPR, Paul OSU, said the Improved Oil Recovery/Enhanced Oil Recov- ery Awards were part of deliberate engagements with industry partners to achieve maximum
economic recovery strategies for Nigeria. Auwalu noted that the Federal Government, through the MER strategies, was also targeting to increase Nigeria’s proven gas reserves from 206.53 trillion cubic feet (5.849 trillion cubic metres) to 250 trillion cubic feet (7.08 trillion cubic metres).
According to him, companies, individuals, fields, research institutions and technologies were eligible for the IOR/EOR awards. He said the industry initiative was one of the outcomes of the work of the National Oil and Gas Excel- lence Centre, Lagos inaugurated in January by President Muhammadu Buhari.
DPR, August 10 2021
Victoria Oil and Gas
announces Q2-2021
operational update
Victoria Oil & Gas, whose wholly owned sub- sidiary, Gaz du Cameroun (GDC) is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, has provided shareholders with a brief opera- tions update for the second quarter of 2021.
Summary, Sales: Average daily gross gas sales rate for the quarter of 5.4 mcf per day (Q1-2021: 5.2 mcf per day) of natural gas, plus gross 4,468 barrels (Q1-2021: 5,357 barrels) condensate was shipped to customers.
La-108 Performance: The well produced a cumulative 467 mcf before it was shut-in to allow us to perform a pressure build up (PBU). The other wells are able to satisfy current demand.
Matanda: Well planning continues, and ten- dering for long lead items and key equipment and services has commenced.
Roy Kelly, CEO of Victoria Oil & Gas, com- mented: “We are very pleased that the team has delivered another solid quarter, during which some customers increased organic demand, although we are conscious that we are now head- ing into August, which is usually a slower month. Operationally, I am delighted to report that in June GDC passed 1mn man-hours without a single Lost Time Incident, a credit to all the staff and contractors.
“We are considering adding perforations to well La-108, more than doubling the net pay, and this is being discussed with partners. Such is the depth and pressure difference between the top and bottom of the reservoir that perforating must be done in two stages. Adding perforations could increase the well’s productivity, reduce the overall water cut and of course allow us to access all of the well’s connected gas volumes. We look forward to updating shareholders in due course on our various workstreams.”
Victoria Oil & Gas, August 4 2021
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