Page 13 - AfrOil Week 18 2021
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AfrOil                                           POLICY                                                AfrOil



                         The final well, KSR-18, will target two reservoirs   Mark Reid, the CEO of SDX, noted that his
                         – Guebbas, at a depth of 1,600 metres, and Hoot,   company was due to drill a total of 11 new wells
                         at a depth of 1,790 metres.          in 2021. Five of these will be sunk in Morocco,
                           SDX expects that these three wells contain   and the rest will be in Egypt, he said.
                         about 1.8bn cubic feet (50.97mn cubic metres)   “The company’s Egyptian drilling activities
                         of natural gas in P50 reserves. In its statement, it   are expected to commence in June with the
                         noted that the drilling sites were all “near to the   first of four development wells in West Gharib
                         company’s existing infrastructure, thus enabling   and the start of our very exciting two-well cam-
                         tie-ins to be completed quickly and at low cost.”  paign in South Disouq, where the second well,
                           The second phase of the Moroccan pro-  the Hanut-1X exploration well planned for [the
                         gramme is due to begin in September or Octo-  middle of the third quarter of 2021], will be
                         ber, SDX added. This phase will involve the   targeting gross unrisked mean recoverable vol-
                         drilling of two more wells before the end of the   umes of 139 bcf (3.936bn cubic metres) with a
                         year, it said.                       33% chance of success,” he commented. ™


       Lummus wins contract from




       BUA to build PP unit in Nigeria






            NIGERIA      US-BASED Lummus Technology was this week
                         awarded a contract to build a 285,000 tonne per
                         year (tpy) polypropylene (PP) facility in Nige-
                         ria’s Akwa Ibom State through its Novolen
                         subsidiary.
                           In a press statement, Leon de Bruyn, Lum-
                         mus’ president and CEO, said: “Our world-class
                         Novolen technology is well suited to meet Nige-
                         ria’s increasing demand for the growing petro-
                         chemical products market. It offers a flexible
                         range of industry-leading products for all PP
                         applications, and the industry’s lowest overall
                         capital and operational costs, while providing
                         customers with high process reliability and flex-
                         ibility in responding to market needs.”
                           Meanwhile, BUA group chairman Abdul
                         Samad Rabiu expressed confidence in Lum-  According to documents from Nigeria’s Depart-
                         mus “to deliver a best-in-class, 285 KTA PP unit   ment of Petroleum Resources (DPR), BUA’s
                         for our refinery project scheduled to come on   licence to establish (LTE) is for a 150,000 bpd
                         stream in 2024.”                     conversion plant.
                           While the value of the contract is yet to be   In September, Rabiu said: “Once completed,
                         revealed, it will include basic design engineer-  this residual fluid catalytic cracking (RFCC)
                         ing, training and services, and catalyst supply.   based complex will produce high-quality gaso-
                         The contract was signed with local firm BUA   line, diesel [and] jet fuel meeting [Euro 5-qual-
                         Refinery & Petrochemicals, a subsidiary of food   ity] specifications for the Nigerian market and
                         and infrastructure specialist BUA Group, and   the larger region.”
                         will be built alongside the Nigerian company’s   He added that the unit would “produce pro-
                         planned refinery at Ntaikang in Akwa Ibom   pylene, an essential component for the petro-
                         State.                               chemical industry used in polypropylene-based
                           BUA announced that it had chosen France’s   plastics and packaging. This large complex
                         Axens to build the 200,000 barrel per day (bpd)   will help in reducing Nigeria’s dependence on
                         refinery and petrochemical plant in September.   imported fuels and petrochemicals.” ™














       Week 18   05•May•2021                    www. NEWSBASE .com                                             P13
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