Page 15 - AfrOil Week 12 2021

AfrOil NEWS IN BRIEF AfrOil

“Despite the numerous challenges the sec-
tor has to deal with last year, we generated over
NGN2 trillion and we intend to exceed the fig-
ure this year,” he said. This is even as the federal
government said it is considering regulatory
forbearance for investors in the oil and gas sec-
tor who are indebted to banks and are currently
facing challenges due to the impact of the global
pandemic on their businesses.
DPR, March 19 2021

LEGAL

3t EnerMech vice president Andrew Noble said: with delivery scheduled in 2023. It will be capa- Eni acquitted in OPL 245 trial
“The formation of 3t EnerMech combines our ble of processing 100,000 barrels per day (bpd)
respective knowledge, experience and global of crude oil, 130mn standard cubic feet (3.68mn In relation to the Nigeria/OPL 245 trial, Eni has
reach to deliver training and technologies which cubic metres) per day of gas and 145,000 bpd of welcomed the judgment of full acquittal of all
create safer, smarter and more sustainable work- water injection, and it will have a minimum stor- charges, since there was no case, by the Court
forces. A core aim of the partnership is to engage age capacity of 1.3mn barrels of crude oil. of Milan.
with local regions to develop local content and PALFINGER will deliver two DKW1600 wire After almost three years of trial, the judg-
ultimately deliver more highly skilled global luffing lattice boom cranes with a maximum lift- ment by the Court has finally established that
workers. Winning this significant piece of work ing capacity of 30 tonnes and a maximum out- the company, the CEO Claudio Descalzi and the
in support of Mozambique’s local content devel- reach of 35 metres to the FPSO. management involved in the proceedings have
opment strategy is of major importance to the Sverre Mowinckel-Nilsen, Sales Director all behaved in a lawful and correct manner.
new alliance and its strategic objectives. Palfinger Marine and Handling Solutions, says: Eni has throughout maintained its full con-
“Mozambique is a significant player in the “We are proud to be selected as the supplier of fidence in the Court’s fair and balanced investi-
global oil and gas market and with activity the main cranes onboard the first FPSO for Sene- gation. Today, Eni expresses its gratitude for the
continuing to ramp up, the country requires a galese waters and we are looking forward to con- trust placed by its stakeholders throughout the
robust, skilled workforce to support new long- tinue our long-term relationship with MODEC.” course of the trial, particularly in upholding the
term projects. This study will play a key role in Palfinger, March 16 2021 company’s management and the conduct of its
future training and development programmes business, and respecting its reputation.
in the country and we look forward to delivering Eni, March 18 2021
the data it presents.’ POLICY
Paul Stonebanks, President of 3t EnerMech INVESTMENT
said: “This new venture will truly transform both DPR generated over NGN2
the lives of individuals and the communities in Zenith Energy secures
which it operates in a positive and powerful way. trillion in 2020, Auwalu says
In line with 3t Energy Group’s goal to transform extension of SPA for its
the global training market through technology, The Department of Petroleum Resources (DPR)
the new joint venture will help to bring high said it generated over NGN2 trillion in 2020. acquisition of SLK from CNPC
quality, industry-approved training rapidly and Sarki Auwalu, the Director/CEO of DPR, who
effectively to those geographical areas that need made the disclosure while delivering a key- Zenith Energy, the listed international oil and gas
it most.” note address at the 2021 Oloibiri Lecture Series production company focused on pursuing Afri-
3t EnerMech is due to deliver the study to the and Energy Forum, organised by the Nigeria can development opportunities, has announced
UK Government in the second quarter of this Council, Society of Petroleum Engineers, in that its wholly owned subsidiary Zenith Energy
year. Abuja, said despite the challenges posed by Netherlands has signed an extension agreement
EnerMech, March 17 2021 the COVID-19 pandemic during the year, the in respect of the conditional sale and purchase
agency exceeded its revenue target. He promised agreement SPA) it signed with CNPC Interna-
MODEC chooses Palfinger to surpass the NGN2 trillion in the current year. tional (Tunisia), a 100% subsidiary of CNPCI,
Auwalu, who addressed participants vir-
CNPC International, for the acquisition of a
cranes for Sangomar FPSO tually, said DPR takes seriously its mandate to participation in, inter alia, the North Kairouan
optimise revenues for government, adding that permit and the Sidi El Kilani Concession, which
Palfinger has been selected by MODEC, the the improved earnings in 2020 was as a result includes the Sidi El Kilani oilfield (SLK). For ref-
leading provider and operator of floating pro- deployment of system and processes that ensures erence, signing of the SPA was announced to the
duction systems for the global oil and gas indus- transparency and accountability. market on September 8, 2020.
try, to supply two wire luffing lattice boom “DPR continues to exceed government’s tar- CNPCI holds an undivided 22.5% interest
cranes to a FPSO (Floating Production Storage get by employing systems and processes that in the Tunisian Acquisition, together with 25
and Off-loading) vessel being built for the San- ensure transparency and accountability in oil Class B shares in Compagnie Tuniso-Kowei-
gomar field in Senegal. and gas revenue generation, competition, col- to-Chinoise de Pétrole (CTKCP), the operator,
The FPSO will be deployed at the Sangomar lection and reconciliation as well as legacy debt representing 25% of the issued share capital of
field, around 100 km south of Dakar, Senegal, recovery. the company.

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