Page 17 - AfrOil Week 26 2022
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AfrOil                                      NEWS IN BRIEF                                              AfrOil


             business new africa       bna/IntelliNews





       POLICY                              Congo produces around 300,000 barrels per day  to Algerian gas to offset the gas supplies from
                                           (bpd).                               Russia, which have been affected by the Rus-
       Algerian court sentences            bna/IntelliNews, June 27 2022        sian-Ukrainian war and the imposing of West-
                                                                                ern sanctions.
       former energy minister to           PROJECTS & COMPANIES                 had already said in November that the country
                                                                                  Algeria’s Energy Minister Mohamed Arkab
       20 years in jail                                                         is keen to further enhance its presence in the
                                                                                European gas market by proposing additional
       An Algerian court has sentenced former Energy   BP to explore King Mariout   quantities, noting that Algeria was seeking to
       Minister Chakib Khelil to 20 years in jail fol-  Offshore block in Egypt’s   increase its gas market share in Europe to more
       lowing his conviction on corruption charges,                             than the current 30%.
       according to local media reports.   West Nile Delta area                   In April, Italy signed an agreement with Alge-
         Khelil served as energy minister during for-                           ria to raise its gas imports from the North Afri-
       mer President Abdelaziz Bouteflika’s regime.  BP (UK) has been awarded exploration rights  can country.
         The court also sentenced Mohamed Mezi-  to the King Mariout Offshore block in Egypt’s   bna/IntelliNews, June 28 2022
       ane, ex-head of the national oil company (NOC)  territorial waters, following its successful partic-
       Sonatrach, to five years in prison on the same  ipation in the limited bidding round organised   PGS releases additional
       corruption charges and his deputy Abdelhafidh  by Egyptian Natural Gas Holding Co. (EGAS)
       Feghouli to six years in prison.    in 2021.                             3D data for West Africa
         The court  also  fined Khelil  DZD2mn   As a result, the company now has a 100%
       ($13,600).                          working interest in the King Mariout Offshore   Transform Margin and
         Khelil and several Sonatrach officials had  area, which is located approximately 20 km west
       been charged with abusing their positions to  of the Raven field in the Mediterranean Sea. The   Côte d’Ivoire
       help the Italian oilfield services firm Saipem  block covers an area of approximately 2,600
       win a contract to develop the Arzew gas com-  square km, in waters ranging from 500 metres to  Côte d’Ivoire’s prospective Tano Basin is tar-
       plex in Oran, in violation of Algerian laws and  2,100 metres deep.      geted with an additional 3,108 square km of 3D
       regulations.                           The block is located within the West Nile  seismic data which targets open acreage, which
         The court also sentenced two representatives  Delta area. As a result, any future gas discover-  expands continuous MegaSurvey data coverage
       of Saipem in absentia to five years in prison.  ies there will have the potential to be developed  from Côte d’Ivoire to Nigeria.
       However, the Italian firm said it would challenge  using existing infrastructure.  In partnership with PetroCi and Direction
       the decision in Algeria’s supreme court.  BP is hoping to leverage existing infrastruc-  Générale des Hydrocarbures, PGS has expanded
         Saipem was fined in Italy in 2018 for paying  ture facilities to carry out resilient and focused  the Côte d’Ivoire MegaSurvey, bringing the total
       bribes to obtain contracts in Algeria, but the case  development projects that serve Egypt’s growing  coverage to 33,941 square km of 3D and 31,743
       was cleared by an appeals court in 2020.  gas market. The company has been active in this  line-km of 2D. The various 3D input datasets
       bna/IntelliNews, June 28 2022       market for almost 60 years.          have been matched, merged and re-binned onto
                                           bna/IntelliNews, June 29 2022        a common grid, resulting in a single, continu-
       Congolese oil workers to go         Algeria reports discovery of         ous volume of full-stack seismic data in the time
                                                                                domain.
       on hunger strike over pay                                                western extension of the prolific Tano Basin and
                                                                                  The Côte d’Ivoire MegaSurvey spans the

       Oil workers in the Repubilc of Congo were set to   significant gas condensate   covers the high-profile Baleine-1X (Eni) discov-
       go on hunger strike on Monday (June 27) over   deposit in Hassi R’mel    ery with preliminary resource estimates of up to
       low pay and other demands that have not yet                              2.0bn barrels of oil in place and up to 2.4 trillion
       been met by the government.         Algeria’s state oil producer Sonatrach has discov-  cubic feet (tcf) of associated gas in two main Cre-
         The workers, many of them employed by  ered a significant gas condensate deposit in the  taceous reservoir levels. The dataset also occurs
       supermajors  Eni  (Italy)  and  TotalEnergies  Hassi R’mel field in the Sahara Desert, according  along-strike of the 2021 Eni Eban-1X discovery,
       (France), are asking for wage increases to keep  to a statement on June 27.  offshore Ghana, which is reported to have found
       pace with inflation, and compensation for those   The LD2 Lias carbonate reservoir has  light oil in an 80-metre thick section of Cenoma-
       whose workplaces were shut due to the COVID-  reserves of 100-340bn cubic metres of gas with  nian sandstones. These discoveries highlight the
       19 pandemic.                        condensate, Sonatrach said, noting that the dis-  significant remaining potential of Cretaceous
         According to Reuters, which has seen a state-  covery is among the largest since 2002 in terms  shelf edge play along the margin.
       ment produced by the workers union, those  of reserves.                    New Coverage of Open Blocks CI-523,
       working at offices and industrial bases in Pointe-  Sonatrach has begun development work to  CI-525 and CI-804: MegaSurvey regional seis-
       Noire will stop work, while people at refineries,  confirm estimated volumes and aims to begin  mic enables exploration for analogs, the iden-
       oil terminals, onshore bases and offshore bases  producing in November, at a level of 10 bcm per  tification of new prospects, and allows detailed
       will hunger strike.                 day.                                 play analysis from shelf to deep water, along the
         “Our aim is to continue until our demands are   Algeria is Africa’s top exporter of natural gas  entire margin. Five key regional horizons have
       satisfied,” union leader Jean Claude Tchibinda is  and among the largest in the world, with proven  been tied to well and interpreted allowing field-
       quoted as saying, noting that salaries had not  natural gas reserves of 2.4 trillion cubic metres.  scale geological understanding to be placed into
       been increased since 2019.          Nearly 10% of gas supplies consumed in Europe  a basin-wide context and open acreage opportu-
         According to the World Bank, West Africa’s  come from Algeria.         nities to be assessed with confidence.
       oil sector accounts for 80% of its overall GDP.   Several European countries are reverting   PGS, June 28 2022



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