Page 13 - AfrOil Week 07 2022

AfrOil PROJECTS & COMPANIES AfrOil

Pouyanné declined to speculate on exactly how ENH, with 15%; Bharat Petroleum (India), with
long this process might take. He did indicate, 10%; ONGC Videsh (India), with 10%; Beas
though, that work might not resume before the Rovuma Energy Mozambique (a 60:40 joint
end of 2022 and that TotalEnergies was not in a venture between ONGC Videsh and Oil India
rush. “Maybe it will take a year. I don’t know,” he Ltd, or OIL), with 10%; and PTTEP (Thailand),
was quoted as saying by LNG Prime. “We’ll see, with 8.5%.
we observe.” The partners have said they will extract gas
He continued: “There is no pressure for us to from Area 1, which lies offshore Mozambique
exit out of force majeure. We know that when within the Rovuma basin. They intend to pro-
we will say, ‘Yes, we can come back,’ it will take cess the gas at the LNG plant on the Afungi
6 months really to start up again. But again, my Peninsula. This facility will eventually have
priority, it’s a matter of sustainability of that and two production trains, each with a capacity of
human rights. And so we’ll not relaunch the pro- 6.44mn tonnes per year (tpy). ™
ject as long as I see photos from refugee camps
around the site.”
The TotalEnergies CEO had said during a
visit to Mozambique’s capital city on January 31
that he hoped to restart the project as soon as
possible. “When I will see that life is back to nor-
mality, which means having some state services
and population, then the project can restart,”
Reuters quoted him as saying. “My objective is
that we will restart in 2022.”
The French major is leading the Mozam-
bique LNG project through its subsidiary Total
E&P Mozambique Area 1, which holds a 26.5%
stake. The remaining equity in the consortium is
divided between two Japanese firms, Mitsui and
Japan Oil, Gas and Metals National Corp. (JOG-
MEC), which have a combined stake of 20%;
Mozambique’s national oil company (NOC) Mozambique LNG will process gas from the Area 1 block (Image: TotalEnergies)

Invictus to sign well services contract

with Baker Hughes for Cabora Bassa

ZIMBABWE AUSTRALIA’S Invictus Energy is gearing up company has said it expects to spud its first well
to sign an integrated well services contract with with this rig in the first half of 2022.
Baker Hughes (US) related to its Cabora Bassa The statement also noted that Invictus had
project in Zimbabwe. tasked ERC Equipoise (ERCE), a UK-based
In a statement dated February 11, Invictus consultancy, with drawing up an independent
said it had concluded negotiations and signed prospective resource update for Cabora Bassa.
a letter of intent (LoI) with the oilfield services ERCE will use the newly processed high-resolu-
provider (OSP), which was named as the win- tion 2D seismic data that the company acquired
ner of a tender for the well services contract. The from its CB21 Seismic Survey last year, as well as
two sides are now on track to finalise and sign an reprocessed 2D seismic data from Mobil’s 1990
agreement within the next few weeks, the state- survey, for this process, it said.
ment said. Invictus holds a licence for a site known as
Invictus did not disclose the value of the Special Grant 4571 within the Cabora Bassa
contract or say exactly when Baker Hughes basin. The block encompasses the Muzarabani
might begin work. It did report, though, that the and Msasa fields, which may hold a combined
US-based company was slated to provide “ser- volume of 9.25 trillion cubic feet (261.94bn
vices including cementing, mudlogging, drilling cubic metres) of natural gas and 294mn bar-
fluids, tubular running, directional drilling and rels of gas condensate in gross mean unrisked
logging, installation of wellhead equipment and reserves. Muzarabani is the larger of the two
project management.” fields, with 8.2 trillion cubic feet (232.2 bcm)
It also referred to a previous announcement of gas and 250mn barrels of condensate, while
on its decision to contract the Exalo Rig 202 for Msasa may contain 1.05 trillion cubic feet (29.73
drilling work on the Cabora Bassa project. The bcm) of gas and 44mn barrels of condensate. ™

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