Page 17 - AfrOil Week 44 2021

AfrOil NEWS IN BRIEF AfrOil

“We are very proud to have successfully com- have agreed a further one-month extension to
pleted this programme, which is the first seismic the long-stop date.
programme conducted in the Kavango Basin. The amended long stop date to complete the
Importantly, the programme was conducted Transaction is now November 30, 2021. All other
without accidents or adverse safety incidents terms and conditions of the Transaction remain
to our employees and contractors. We have also unchanged.
been very successful in protecting the health of Petronor, November 1 2021
our workers despite conducting the campaign
during the Covid-19 global pandemic,” said Shi-
raz Dhanani, lead Geophysicist. LOCAL CONTENT
The seismic data processing contract was
awarded to Down Under Geophysical in Hou- TGS and Schlumberger have a long-term Asset ownership key to
ston, Texas and Absolute Imaging in Calgary, commitment with the Egypt Ministry of Petro-
Alberta in June of 2021. These two leading geo- leum and South Valley Egyptian Petroleum Nigerian local content
physical companies were selected to process Holding Company (GANOPE) to promote the
the data simultaneously in order to capture best prospectivity of the Egyptian Red Sea. Through development, Wabote says
practices in the industry and maximise the qual- the acquisition and processing of seismic data.
ity of structural imaging. The processing of all GANOPE is responsible for managing Egypt’s Indigenous service companies in the Nigerian
seismic data and comprehensive interpretation hydrocarbon resource potential under latitude oil and gas industry have been advised to invest
is expected to be finalised by early December. line 28°. in asset ownership because it is a major yard-
ReconAfrica acknowledges the outstanding The survey is supported by industry funding. stick used by the Nigerian Oil and Gas Industry
contribution made by Polaris Natural Resources TGS, October 29 2021 Content Development (NOGICD) Act to define
Inc, of Calgary, Alberta, the principal seismic Nigerian companies and confer advantages on
acquisition contractor, to the success of this seis- Valaris wins contract from them.
mic campaign. The Executive Secretary, Nigerian Con-
ReconAfrica, October 25 2021 ExxonMobil offshore Angola tent Development and Monitoring Board
(NCDMB), Simbi Kesiye Wabote gave the advice
Valaris has been awarded a two-year contract on Friday in Port Harcourt, Rivers State while
SERVICES with Esso Exploration Angola, an affiliate of commissioning PIMO Services Ltd’s new facil-
ExxonMobil, offshore Angola for drillship VAL- ities and equipment.
TGS announces new 3D ARIS DS-9. He explained that the acquisition of impor-
The rig is currently preservation stacked in tant assets defined genuine Nigerian businesses
multi-client seismic survey the Canary Islands, where it will be reactivated who are not middlemen or commission agents
and then mobilised to Angola ahead of the antic-
but are positioned to offer top-notch services
in Egyptian Red Sea ipated contract commencement in June 2022. in-country.
He added that investment in assets also
Valaris, October 26 2021
TGS, a global provider of energy data and intel- proves that Nigerian businesses are taking up the
ligence, has announced a new 3D seismic sur- challenge to grow their outfits and contribute to
vey in the Red Sea, Egypt, in partnership with INVESTMENT in-country capacities and capabilities.
Schlumberger. Assets commissioned by the Executive
The project will encompass approximately Panoro Energy, PetroNor Secretary included Operational Bases I & II of
6,800 square km and will be acquired with long PIMO Services and their newly acquired equip-
offsets and processed using a Pre-Stack Depth agree on further extension ment, which included Hydro Hammer with the
Migration (PSDM) workflow to enable sub salt capacity of 200 kJ, Internal Lifting Tools with
imaging ahead of the anticipated license round. of long-stop date for the capacity of 250 tonnes, up to 42-inch (1,067-
Final products are expected in Q4-2022. mm) diameter Conductors and Casing Running
The Red Sea is considered to hold significant purchase of Aje Tools, and many other state of the art tools to ser-
hydrocarbon potential, and opportunities in vice the oil and gas industry.
Egypt are enhanced by a stable investment envi- PetroNor, the independent oil and gas explora- He expressed delight that the acquisition of
ronment, established exploration infrastruc- tion and production company with a focus on the modern tools and equipment afforded the
ture and regular, transparent and well managed Africa, announces that the Company and Pan- company’s engineers and technicians the oppor-
licensing rounds. oro Energy have agreed on a further extension of tunity to develop requisite skills and competence
Kristian Johansen, CEO at TGS, commented: the completion long-stop date for the previously to handle various jobs thereby enhancing engi-
“The Egyptian Red Sea area comprises a range announced purchase of Panoro’s fully-owned neering capabilities within the country.
of prospective hydrocarbon systems with large, subsidiaries that hold 100% of the shares in Pan While commending the management of the
untested structures offering excellent growth Petroleum Aje. company for investing and contributing signifi-
opportunities for oil companies. Using mod- The long-stop date was extended to October cantly to the growth of the Nigerian Oil and Gas
ern acquisition and imaging technologies, we 31, 2021, per the announcement on September sector, Wabote added that the investments also
continue to improve subsurface understanding 30, 2021. supported the Board’s 10-year strategic roadmap
and increase exploration potential in a country However, the process of obtaining statutory aimed at increasing the level of Nigerian Content
that continues to attract investment from E&P government approvals has taken longer than in the Oil and Gas sector to 70 percent by 2027.
companies.” expected. As such the Company and Panoro NCDMB, November 1 2021

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