Page 16 - AfrOil Week 10 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM
United Oil & Gas spuds

ASD-1X exploration well

AIM-listed United Oil & Gas has announced the
spudding of the ASD-1X exploration well in the
Abu Sennan Licence, Egypt on March 6. United
holds a 22% working interest in the Licence,
which is operated by Kuwait Energy Egypt.
Highlights: Drilling of the ASD-1X explo-
ration well, which will test a number of stacked
reservoir targets, has commenced. The well will
take up to 60 days to drill and is funded entirely
from operational cash flow. ASD-1X is a vertical
exploration well, located 12km to the north-east
of the producing Al Jahraa Field and primarily
targeting the sandstone reservoirs of the Abu Bigi Drinks, Rite and Bigi Sausages and Fear- pioneering private sector-led developer of natu-
Roash C and E, with the Abu Roash G reservoir less Energy Drinks. With consistent gas supply, ral gas distribution in Nigeria, delivering at peak
providing a secondary target. The targeted res- the fast-moving consumer goods company will 80 mcf (2.27 mcm) per day to over 180 indus-
ervoirs are expected to be encountered between achieve significant energy cost-savings. trial and commercial clients via a vast network
3,000 and 3,500 metres measured depth. Speaking on the project commissioning, of gas infrastructure. With over 330 km in gas
The well will be drilled by the EDC-50 rig, Axxela CEO Bolaji Osunsanya highlighted the pipeline infrastructure built, Axxela provides
which recently completed the successful ASH-3 company’s commitment to growth and industri- unique energy solutions primarily through its
development well ahead of schedule and under- alisation. “This venture is in firm alignment with subsidiaries: Gaslink Nigeria Ltd, Gas Network
budget. It is anticipated that the ASD-1X well our near-to-long term market expansion strat- Services Ltd, Central Horizon Gas Company Ltd
will take up to 60 days to drill and complete; if egy, and emphasises our push to broaden our and Transit Gas Nigeria Ltd.
successful the well can rapidly be placed on pro- asset portfolio and strengthen our market play The Nigerian Gas Marketing Company Lim-
duction through existing infrastructure. within the gas sector. Axxela/NGMC pioneered ited (NGMC) is a wholly-owned subsidiary of
ASD-1X is the second well to be drilled in the gas distribution in the Greater Lagos area, and NNPC. The company was incorporated in July
2021 campaign, which is entirely funded from our present positioning enables us significantly 2016 after the unbundling of Nigerian Gas Co.
operational cashflow. Subject to final approvals, increase our industrial and commercial client (NGC). NGMC mainly engages in sourcing,
the joint venture partnership has now agreed a footprint across the south-western corridor. By marketing, and distribution of natural gas to
third well for 2021, the AJ-8 development well, providing the gas advantage, we are enabling major industrial users and utility companies in
which was originally scheduled for 2020 and the development of self-sustaining industrial Nigeria and the West-African sub-region.
deferred due to the lower oil price environment. clusters to bolster Nigeria’s industrialisation and Axxela, March 01 2021
This well will target the Abu Roash and Bahariya socio-economic empowerment.”
reservoirs in an undrained area of the Al Jahraa The Sagamu Gas Distribution Zone (SGDZ)
Field and will be drilled by the EDC-50 rig after development is a joint venture between NGMC SERVICES
completion of ASD-1X. and TGNL which commenced operations in
United Oil & Gas, March 8 2021 2019 by delivering gas to growing industrial Shearwater GeoServices
users including Apple & Pears Ltd, West Africa
Soy Industries Ltd, Uraga Power Solutions Ltd, awarded 4D survey offshore
MIDSTREAM Emzor Pharmaceuticals Industries Ltd and
Coleman Technical Industries Ltd. Angola by Total
Axxela completes 18-km new pipeline grid, NGMC Managing Director Shearwater GeoServices Holding today
Speaking on the NGMC/TGNL JV and the
gas pipeline in Nigeria Faruk Usman said: “As part of our strategy, we are announced the award of a 4D monitor marine
delighted to pioneer and implement initiatives seismic acquisition survey by Total E&P Angola.
Axxela, via its subsidiary Transit Gas Nigeria Ltd with private players, which is a clear indication “As the established global market leader in
(TGNL), and in partnership with the Nigerian of our willingness to collaborate and ensure the 4D monitor surveys Shearwater is pleased to
Gas Marketing Company Ltd (NGMC), a sub- success of Nigeria’s Gas Expansion Programme. announce the award of this advanced multisen-
sidiary of Nigerian National Petroleum Corp. The SGDZ will contribute to the development sor project by Total in Angola,” said Irene Waage
(NNPC), its long-time strategic partner, has suc- of Sagamu-Ijebu Ode axis by facilitating indus- Basili, the CEO of Shearwater. “We have seen a
cessfully commissioned an 18-km gas pipeline trial growth, cleaner energy generation, and notable increase in interest for 4D technology
system in Ogun State, South West, Nigeria. The fostering community employment through gas for our clients’ planned projects in 2021, which
150mn cubic feet (4.25mn cubic metre) per day availability.” is demonstrated by the award of this project in
pipeline runs from Ibefun to Rite Foods’s large- Axxela is a Helios Investment Partners LLP West Africa.”
scale factory in Ososa, Ogun State. portfolio company, and the first privately-owned The survey comprises a two-month project
First gas has been delivered through this designated natural gas shipper on the West Afri- on the GJDR Development area of Block 17
pipeline to Rite Foods, the manufacturer of can Gas Pipeline (WAGP). Axxela is also the commencing in Q1-2021.

P16 www. NEWSBASE .com Week 10 10•March•2021