Page 19 - AfrOil Week 40

AfrOil NEWS IN BRIEF AfrOil

UPSTREAM According to 2020 YTD records, Sahara
Energy has invested about USD84mn to sup-
VAALCO announces new ply 200,578.22-tonne of LPG to the West Afri-
can nation. Last week, the Sahara Gas LPG
3-D seismic survey over vessel berthed in Ivorian waters discharging
10,000-tonne of LPG, further driving increased
entire Etame Marin block departure from other sources of cooking fuels
that pose huge threats to healthcare and the
VAALCO Energytoday announced that in con- environment.
nection with planning for future drilling pro- The Sahara Gas vessel is owned by West
grammes at the Etame Marin block offshore Africa Gas Limited (WAGL), a joint venture
Gabon, it will begin acquiring and processing between Nigerian National Petroleum Corpora-
new three-dimensional seismic data in the tion (NNPC) and energy conglomerate, Sahara
fourth quarter of 2020. Group. The JV also has the Africa Gas LPG vessel
Highlights: Committed to acquiring new pro- in its fleet. Sahara Gas and Africa Gas have deliv-
prietary 3-D dual-azimuth seismic data over the ered 373,651.22-tonne and 268,206.22 -tonne of passenger transport to the offshore oil and gas
entire Etame Marin block, which will be used to LPG to Cote d’Ivoire since the commissioning of business by moving from a traditional charter
optimise and de-risk future drilling locations as the vessels in March 2017. contract to an integrated service offering. Thanks
well as identify new potential locations; Expects Olayemi Odutola, Country Manager, Sahara to a collaborative approach, Bourbon Mobility,
completion of seismic acquisition by year-end Energy Resources in Cote d’Ivoire, said: “Work- Sonasurf (Bourbon’s JV in Angola) and Subsea
2020 with processing to be fully completed by ing in collaboration with various stakeholders, 7 are developing an optimised logistics solution
Q4-2021; Estimates the costs of both acquisition Sahara Energy is delighted to be driving access to enabling end-to-end management of more than
and processing of seismic data is approximately clean energy in Cote d’Ivoire. This is equally the 1,000 trips over the duration of the project.
$4 to $5mn, net to VAALCO, and will be fully case across the continent where our LPG vessels “This project is the outcome of a collective
funded with cash on hand and cash from oper- play a critical role in ensuring households and approach between Subsea 7 and Bourbon, work-
ations; Enhances and updates current seismic, communities have a viable cleaner option for ing together to develop innovative solutions to
some of which dates back to the field’s discovery cooking and ultimately living healthy lifestyles,” find new models and more efficient ways of
in the 1990s, while offering the first continuous he said. working,” said Guillaume Vassout, Chartering
3-D seismic over the entire block; Maintained Sahara Energy is already in a Joint Venture Development Manager for Global Project Cen-
strong production performance in Q3 2020 with Petroci Holding towards achieving the tre, Subsea 7.
with production estimated at 4,370 net barrels construction of a 12,000-tonne LPG storage “We are very proud of the trust that Subsea 7
per day (bpd) of oil to VAALCO, at the mid- facility to increase storage and supply of the has placed in us. This innovative flexible charter-
point of guidance; and Continues to fully fund product in Cote d’Ivoire. The $43mn project will ing approach demonstrates Bourbon’s desire to
operations year to date in 2020 with internally be executed in two phases, with commission- develop new integrated services that are as close
generated cash flow and expects a cash balance ing scheduled for November 2021 and October as possible to clients’ needs, to help them opti-
of approximately $37mn at September 30, 2020, 2022, respectively. mise their costs,” Francois Leslé, CEO of Bour-
excluding any joint venture owner advances. Ultimately, the facility is expected to ramp bon Mobility explains.
VAALCO Energy, September 30 2020 up LPG availability and security by increasing Bourbon Offshore, October 01 2020
stockholding from 15 days to 27 days and also
boost supply of the product to Cote d’Ivoire’s Nexans umbilicals to play
SERVICES neighboring countries such as Mali, Burkina
Faso and Guinea. vital role in Senegal’s
Sahara Energy invests Sahara Energy, October 05 2020 first offshore oil

$450mn in Cote d’Ivoire Bourbon optimises development
to boost LPG supply passenger logistics chain Nexans has signed a contract with Subsea 7 to

Sahara Energy Resource, a member of the for Subsea 7 in Angola design and manufacture 46 km of umbilicals for
energy conglomerate, Sahara Group, has since the Sangomar field, offshore Senegal. The umbil-
2014 ploughed over $450mn into facilitating the Bourbon Mobility is working on a pioneering icals, produced by Nexans’ specialised facility
supply of LPG to Cote d’Ivoire as the nation con- project in Angola to set up new Subsea 7 per- in Halden, Norway, will provide vital hydrau-
tinues its quest for cleaner cooking fuel options. sonnel logistics on the Zinia 2 project, Block lic, control and instrumentation services for a
Although the 2014 population and housing 17. Bourbon’s scope of intervention covers all stand-alone FPSO facility and associated subsea
census (RGPH 2014) in Cote d’Ivoire showed passenger logistics, both air (from Paris) and infrastructure.
that 78% of households use wood and charcoal onshore (in Luanda) then offshore, as part of Nexans will deliver 13,471 metres of dynamic
as their cooking fuel while 22% use gas, National a global service called “Airport-to-rig.” In the umbilicals that will be installed from north to
LPG consumption has grown from 175,000 context of the COVID-19 pandemic, the man- south. Nexans will also provide 9,503 metres
tonnes in 2013 to 380,000 tonnes in 2019, fol- agement of quarantine periods and medical of main static umbilicals, 8,719 metres of pro-
lowing increased availability of the butane inspections in Angola is also fully integrated duction infield umbilicals and 14,650 metres of
gas and deliberate policy intervention by the into this offer. injection infield umbilicals in the subsequent
government. The assignment marks a turning point for four phases of development.

Week 40 07•October•2020 www. NEWSBASE .com P19