Page 14 - AfrOil Week 30

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collaborate with NNPC to increase crude oil production and grow reserves in the country, stressing that NNPC was ready to work with Chevron to ensure that the Final Investment Decision (FID) on NLNG Train 7 was taken soonest for the bene ts of all the investors. nnpC, july 27, 2019
soUtHERn AfRICA
Tlou provides quarterly update
Tlou Energy has posted a number of key events during the quarter. e Lesedi 3 &
4 pods continue to dewater and produce
gas from the coal as the Company aims to con rm commercial gas ow rates, with further updates to be provided in near term; progress in the gas-to-power tender has led to Tlou successfully going through the technical and nancial evaluation stages, and is now
at the nal stage, being the negotiation of a Power Purchase Agreement; downstream environmental approval has been secured. e authorisation is valid for 30 years and includes development of CBM power generation, including the drilling of up to 200 production pods and installation of transmission lines.
During the quarter the Company’s operations have made excellent progress and are proceeding according to plan at the Lesedi CBM project.
tloU EnERgy, july 29, 2019
EAst AfRICA
Tullow plans Comoros seismic
Tullow’s entry into the Comoros Islands has completed and Tullow is now the operator of Blocks 35, 36 and 37. A 3D seismic contract award has been approved by Tullow’s Joint Venture Partners and by the Government. With the EsIA now approved, acquisition of a 3,000 sq km 3D seismic survey is expected to commence in september 2019.
tUlloW oIl, july 24, 2019
Ruvuma farm-out update for Aminex
Further to the Company’s announcement on 19 July 2019, Aminex announces that all parties to the Ruvuma farm-out agreement have agreed to extend the longstop date
for completion of the transaction to 31
October 2019.
AmInEx, july 29, 2019
Sterling focuses on reprocessing in Somaliland
During the rst two quarters of 2019, work on the Odewayne block in somaliland was focused on the reprocessing to Pre-stack Time Migration of the full 2D seismic dataset that was acquired in 2017. sterling continues to support the operator and we are looking forward to receiving nal deliverables by
mid Q3 2019. e costs associated with
the current period ( ird Period) and the Fourth Period are fully carried by Genel Energy somaliland, hence the minimal capital investment shown within the accounts.
Future work could include in ll 2D seismic data acquisition over the most prospective areas with a view to maturing
a number of prospects to drill-ready status. such in ll seismic would be acquired in 2020 or 2021 ahead of a decision to enter the next exploration period (Fourth Period), which includes the commitment to drill an exploration well.
stERlIng EnERgy, july 26, 2019
South Sudan to launch licence round in October
south sudan’s Minister of Petroleum Awow Daniel Chuang will announce the licensing rounds and a tender for an environmental audit for the country’s producing oil elds
at the south sudan Oil & Power 2019,
which takes place in Juba on October 29-30. Chuang is currently seeking exploration, seismic and geophysical companies to gather and present exploration data at the event and invites Canadian, Us and European companies to ssOP 2019 to gain a better understanding of south sudan’s oil and gas sector.
“ is is an incredible milestone in south sudan’s plans to double oil production by 2020. e country has a massive onshore reserve base and vast unexplored areas that
make a licensing round very exciting. We are excited to host the announcement of the 2020 oil and gas licensing round at Africa Oil & Power 2019 and south sudan Oil & Power 2019,” said Guillaume Doane, CEO of Africa Oil & Power.
Resumption of production at several key oil elds in south sudan, a landmark peace deal celebrated in October 2018 and cooperation with neighboring sudan have signi cantly improved investment conditions for the energy sector in the country.
ere has also been an uptick in foreign investment through oil and gas exploration companies including Oranto Petroleum, which signed a six-year exploration and production sharing agreement (EPsA) for Block B3 in 2017 and south Africa’s strategic Fuel Fund, which in March signed an EPsA for Block B2.
south sudan’s Ministry of Petroleum reiterated plans to return to pre-war production levels of 350,000 bpd by 2020, and will do so by increasing production at the recently rehabilitated oil elds of Greater Pioneer Operating Company and resuming production at elds operated by sudd Petroleum Operating Company.
e Ministry has stressed a particular need for geophysical and seismic companies to assess south sudan’s vast oil and gas resources, which are underexplored by estimations of up to 70%.
AfRICA oIl And poWER, july 29, 2019
Armour CEO resigns
e board of directors of Armour Energy advises that Roger Cressey has tendered his resignation as Chief Executive O cer of the Company. Cressey has indicated his willingness to remain working with the Company until such time as a new CEO is secured and transitioned into the role.
In this regard, Armour has initiated discussions with an external recruitment rm to undertake a search for a suitable candidate.
e company is working in Uganda’s Kanywataba Block.
ARmoUR EnERgy, july 24, 2019
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Week 30 30•July•2019