Page 16 - AfrOil Week 49

AfrOil PERFORMANCE AfrOil

Block 11B/12B is home to the Brulpadda and Luiperd discoveries(Image: Africa Energy)

Subsequently, they observed that the well had square km and lies in waters ranging from 200 to
reached a maximum constrained flowrate 1,800 metres in depth.
through a 58/64-inch choke of 33mn cubic feet Equity in the block is split 45% to Total,
(935,000 cubic metres) per day of natural gas the operator; 25% to Qatar Petroleum; 20% to
and 4,320 barrels per day (bpd) of condensate, CNR International (South Africa), and 10% to
equivalent to about approximately 9,820 barrels Main Street 1549 Proprietary, in which equity
of oil equivalent per day (boepd). is split 49% to Africa Energy and 51% to Aro-
“The absolute open flow (AOF) potential of style Investments, a black-owned South African
the well is expected to be significantly higher company. In turn, Africa Oil (Canada) has a
than the restricted test rates,” the statement 31.1% direct interest in Africa Energy, as well as
noted. an indirect interest via its 31.1% stake in Impact
Block 11B/12B covers an area of about 19,000 Oil & Gas (UK). ™

PROJECTS & COMPANIES
TechnipFMC kicks off work

at Egyptian hydrocracker unit

EGYPT TECHNIPFMC has begun engineering, pro- economic growth in rural areas, while reducing
curement and construction (EPC) work at a emissions. TechnipFMC will book the deal in its
grassroots hydrocracking complex in Assiut, fourth-quarter orders.
Egypt, it said this week. The $2.8bn Mostorod hydrocracking project
The international contractor was hired in is situated at the Assiut oil refinery in central
July to build the complex for $1bn. Its contract Egypt. A ceremony was held at the construction
covers the construction of units for vacuum dis- site on September 27 led by Egyptian President
tillation, diesel hydrocracking, delayed coking Abdel Fattah El-Sisi.
and distillate hydrotreating. It will also build The complex will refine fuel oil into up to
a hydrogen production unit, using its steam 2.8mn tonnes per year (tpy) of higher-quality
reforming proprietary technology. Its contract petroleum products, including high-octane
also covers various other aspects, including off- gasoline and diesel compliant with Euro-5
sites and utilities. standards. It is operated by Assiut Oil Refining,
In a statement, TechnipFMC said it had a subsidiary of state-owned Egyptian General
completed all the required steps to begin the Petroleum.
work. The project will support Egypt’s energy The hydrocracking plant is on schedule to
transition strategy and provide support for start up in 2022.

P16 www. NEWSBASE .com Week 49 09•December•2020