Page 10 - AfrOil Week 23 2022

AfrOil PIPELINES & TRANSPORT AfrOil

The Cap Lopez terminal is near Port Gentil on Gabon’s coast (Photo: Perenco)

At the time of the spill, a company spokesperson it had resumed production – at 17,000 bpd –
said that output was being temporarily diverted two weeks earlier, noting that the incident had
to the Oguendjo terminal, “although some pro- reduced its annual output guidance by 1,200
duction is still shut down as some fields are not bpd.
connected to this terminal.” When operating normally, the terminal usu-
It added that other tanks at the facility have ally receives around 130,000 bpd of crude.
been emptied for inspection and repair work, A company statement, published first by
with Perenco’s floating storage and offloading Upstream, read: “This unfortunate incident has
vessel (FSO), the Fernan Vaz, providing oper- accelerated the planned revamping of the termi-
ational support, handling output from 20 off- nal. “We’ll take the opportunity to modernise it
shore assets. with a new control room, which will be built
This allowed the swift resumption of oil together with a complete laboratory to support
flows from upstream producers in the vicinity. production activities, storage and offloading
Paris-based Maurel & Prom reported on May operations.”
10 that it was piping 10,000 bpd to the facility, It added: “The plan remains the same: to
noting that this would increase the pre-spill level completely reshape the terminal to be ready to
of 19,000 bpd within a week. export oil for the next 50 years and to meet the
Meanwhile, the local subsidiary of French future challenges of our company and the state
super-major TotalEnergies said on May 31 that of Gabon.” ™

INVESTMENT
Perenco set to assume operatorship of

Etinde natural gas field offshore Cameroon

CAMEROON UK-BASED Bowleven Oil & Gas said on June
7 that its partner New Age (African Global
Energy), a private firm with headquarters in
London, had arranged to transfer operatorship
of the Etinde field offshore Cameroon to the
British-French company Perenco.
In a statement, Bowleven explained that
New Age had signed a definitive conditional
agreement on the deal with a Perenco subsidi-
ary. Under this agreement, it said, New Age will
transfer to Perenco all of its participating interest
in Etinde, as well as its operatorship of the joint
venture set up to develop the licence area.
The handover would give New Age a stake of
37.5% in the shallow-water offshore field, with
the remaining equity split between Lukoil (Rus- Conceptual plan for Etinde gas exports and domestic use (Image: New Age)
sia) with 37.5% and Bowleven with 25%.
The statement did not reveal the value of of Cameroon and from New Age’s partners in
the deal. It did say, though, that the transfer the joint venture. Both Bowleven and Lukoil will
would not go through until Perenco secured have 30 days to decide whether they wish to pre-
the necessary approvals from the government empt the transfer, the statement noted.

P10 www. NEWSBASE .com Week 23 08•June•2022