Page 15 - AfrOil Week 09 2021

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM conventional and non-conventional play types. condensate production and natural gas recycling
Also, ReconAfrica holds a 100% interest in a project since entering operation in 2013, as well
ReconAfrica announces petroleum licence, PEL 001/2020, in northwest as produced and reinjected natural gas into the
reservoir to support enhanced liquids recovery.
Botswana which comprises an area of approx-
update on Kavango Basin imately 9,921 square km (2.45mn acres) and is “This investment is crucial to the economy of
contiguous to the Namibian licence. The two Equatorial Guinea and the region. The Gas Mega
drilling programme licences together comprise 35,262.33 square km Hub is an Investment that has created jobs dur-
ing difficult economic times and will create the
(8.75mn acres).
Reconnaissance Energy Africa (ReconAfrica) ReconAfrica, March 01 2021 jobs of the future.” Stated Gabriel Mbaga Obiang
has provided an update on drilling operations in Lima, Minister of Mines and Hydrocarbons.
the Kavango sedimentary basin in the Kalahari “It will drive the energy sector and by closing
Desert of North East Namibia. MIDSTREAM deals with Cameroon and Nigeria, we intend to
As announced on January 11, 2021, the Com- incentivise the industry, drive economic growth,
pany commenced drilling operations on the first Equatorial Guinea leads and generate revenues for regionals govern-
well (6-2), of an initial three well program to ments to help finance education, hospitals and
evaluate potential hydrocarbon systems in one regional gas monetisation infrastructure. It is possible with natural gas and
of five major sub-basins of the larger, more lat- we are committed to doing it with new tech-
erally extensive, deep Kavango basin. Having set via Alen backfill project nologies and investments,” concluded Gabriel
and cemented 17.5-inch surface casing mid-Jan- Obiang Lima.
uary, ReconAfrica has reached the intermediate The Alen gas monetisation backfill project rep- The project represents a direct foreign invest-
casing point, set 12.25-foot casing and has com- resents the first phase of Equatorial Guinea’s Gas ment of approximately $475mn, from which
pleted the cementing operation. The cementing Mega Hub masterplan; Launched by the Min- both local and international companies have
operation is a key element of all oil well drilling istry of Mines and Hydrocarbons in May 2018, benefitted from the provision of related services.
and has been completed in accordance with the Gas Mega Hub seeks to aggregate gas from For its part, Equatorial Guinea has emerged
international standards and best practices. upstream producers to deliver it to onshore as a regional leader in gas monetisation in West
Over the interval drilled thus far, ReconAf- industry; Equatorial Guinea is currently in dis- Africa and is currently home to two gas-pro-
rica has been continuously sampling and testing cussions with Cameroon and Nigeria to facilitate cessing hubs: the Marathon-operated Alba field
cuttings, successfully run a full suite of wire- additional cross-border linkages. and Chevron-operated Alen unit. The creation
line logs, and taken thirty-four sidewall cores. The Alen gas monetisation backfill project of an offshore gas industry has initiated new
ReconAfrica is using industry leaders to provide represents the first phase of the strategic vision opportunities for tie-ins to unlock additional gas
analysis of this critical well, with Schlumberger to transform Equatorial Guinea into a Gas Mega resources that would otherwise be left stranded.
providing wireline logging services (as per the Hub through the development of several off- The development also serves to facilitate
January 11 press release), Netherland Sewell shore gas hubs and monetisation of neighboring cross-border linkages with gas projects in neigh-
and Associates (Dallas, Texas) performing well gas reserves. boring countries and opens the door for the
log analysis, and Geomark Research (Houston, Aggregating gas from upstream produc- establishment of new hubs to service the region.
Texas) evaluating petroleum geochemistry. ers and delivering it to onshore industry, the Equatorial Guinea’s Ministry of Mines and
With the completion of the intermediate cas- Mega Hub aims to create new efficiencies and Hydrocarbons is in advanced discussions with
ing operation, the Company will recommence safeguard the steady production of liquefied Cameroon regarding a monetisation frame-
drilling to the planned depth of 12,500 feet, with natural gas (LNG) in Equatorial Guinea, as work for resources located in the Yoyo-Yolanda
the objective of reaching total depth (TD) before well as reduce dependency on single upstream cross-border field, which could represent the
the end of March. The data collection and analy- producers. second phase of the project.
sis described above will continue to TD, with the The Alen backfill project provides for the Equatorial Guinea Ministry of Mines and
addition of taking whole cores over key intervals. monetisation of 580bn cubic feet (16.42bn cubic Hydroocarbons, February 26 2021
ReconAfrica holds a 90% interest in a petro- metres) of natural gas over six years via a 68-km
leum exploration licence in northeast Namibia. pipeline, which connects the Chevron-operated
The exploration license, PEL 73, covers the entire Alen unit with existing gas-processing facilities DOWNSTREAM
Kavango sedimentary basin, an area of approxi- in Punta Europa for the production of LNG,
mately 25,341.33 square km (6.3mn acres), and LPG and gas condensate. Petredec acquires Quest
based on commercial success, it entitles Recon- Located approximately 32-km off the coast of
Africa to obtain a 25 year production licence. Bioko Island, the Alen field is a liquid-rich gas Petroleum in South Africa
The Kavango Basin offers both large scale and condensate field that has functioned as a
Petredec, one of the world’s LPG trading and
shipping companies, is pleased to announce it
has completed the acquisition of Quest Petro-
leum, a leading fuels distributor in the Eastern
Cape, which will now become part of the Petre-
fuel Business Division in South Africa.
Following its acquisition by Petredec, Quest
becomes part of the Petrefuel group along with
the former Jubane Petroleum and Oilco Whole-
sale businesses and a stablemate of Petregaz,
South Africa’s leading LPG wholesaler.

Week 09 03•March•2021 www. NEWSBASE .com P15