Page 16 - AfrOil Week 45 2021

AfrOil NEWS IN BRIEF AfrOil

Speaking on other aspects of the oil and gas value Government for its swift response to economic efficient and uniquely interactive approach to the
chain, the Executive Secretary indicated that the shocks the dwindling price of oil brought dur- processing.
midstream activities behoove operators within ing the heightened state of the corona virus Importantly, the initial processing results
the sector to ensure the National Strategic Stock, pandemic within the last quarter of 2019 and of the seismic acquisition has produced high
enhance the decommissioning and abandon- mid-2020. Mr. Phillips in his welcome address, quality data revealing a variety of structural and
ment fund and eliminate government’s regula- indicated that the decisions of government stratigraphic features providing for a target rich
tion on pricing of petroleum products. He also brought about outcomes which formed the ful- environment for the upcoming drilling pro-
added that the Act will ensure gas flaring penal- crum of this year’s international conference. gramme scheduled for early Q1-2022.
ties, establishment of Midstream Gas Infrastruc- He hinted that from the Year of Gas declared The Company will continue processing the
ture, and special regulation for Midstream and in 2020 and aggressively elevated to a Decade data to maximise image quality and has begun
Downstream Gas Operations as well as Natural of Gas in the first quarter of this year, Nigeria the interpretation of the data, integrating availa-
Gas Prices for strategic sectors. In summary, he seemed to have found its path to restoration ble stratigraphic well data, with the intention of
maintained that the Act will boost Local Content and a possible growth trajectory. A consensus, identifying new well locations by year end.
implementation in the oil and gas industry. which he mentioned, arose from practical deci- Immanuel Mulunga, Managing Director of
In a presentation on “Boosting the Nation’s sions amongst stakeholders to offer clean energy NAMCOR, commented: “NAMCOR is excited
Economy through Gas Utilisation”, the Man- solutions in a sustainable manner. by the preliminary results of the recently con-
aging Director and Chief Executive Officer of NCDMB, November 6 2021 cluded 2D seismic survey in our licence area.
Nigeria LNG Limited, Dr. Philip Mshelbila dis- While we look forward to the processing and
cussed the context of energy transition in the interpretation of the entire 2D survey, these ini-
light of cleaner, cheaper and sustainable energy. UPSTREAM tial findings give us extra confidence to choose
The Chief Executive who was represented by the optimal drilling locations for the upcoming
the Manager, Corporate Communication and ReconAfrica, NAMCOR drilling campaign.”
Public Affairs, Sophia Horsfall, stated that giant Dr. Jim Granath, an independent director
technological advancements have been made in provide preliminary results at ReconAfrica, stated: “These initial results of
the area of renewable energy and battery stor- the first 2D seismic programme prove that our
age. However, renewables alone cannot meet from seismic programme in acquisition and processing programme provides
the energy demand in a sustainable manner and good quality interpretable data, and that seismic
natural gas is the next cheapest option. “It is the Kavango Basin will be a cornerstone of our current and future
smart option to renewables,” Mshelbila asserted. exploration programme. This initial seismic
Speaking earlier, the Conference Chairman Reconnaissance Energy Africa (ReconAfrica) data proves the Company’s basic premise, that
and Chief Executive of Degeconeck Nigeria, and its joint venture partner NAMCOR (the the Kavango Basin is clearly a rift basin (geolog-
Biodun Adesanya set the tone for the interna- state oil company of Namibia) have provided ically different from the Owambo Basin), with
tional conference with the theme, “PIA: Energy initial results from the first seismic acquisition similar features to many of the world’s petroleum
Transition and the Future of Nigeria’s Oil and programme ever conducted in the Kavango producing provinces.”
Gas,” where he stressed the need for participants Basin, in northeast Namibia. ReconAfrica, November 9 2021
to embrace the significance of the occasion and As reported on October 21, 2021, 450 line-km
chart the way forward to effectively communi- of seismic data were successfully acquired within Invictus Energy completes
cate rather than inform the public on govern- budget and on schedule. Third-party process-
ment’s policy on the gas revolution and energy ing of this data by DownUnder GeoSolutions Cabora Bassa seismic
transition. (America) LLC in Houston, Texas, and Absolute
In the same vein, the NAEC Chairman, Olu Imaging Inc. in Calgary, Canada, began as each survey
Phillips, commended the initiative of the Federal seismic line was acquired, providing a very time
Invictus Energy has provided an update on the
activities of its 80% owned and operated Cabora
Bassa Project in Zimbabwe.
CB21 Seismic Survey Completed: The Cab-
ora Bassa 2021 seismic survey has been com-
pleted with a total of 839.5 km of high resolution
2D seismic data acquired. A total of 402.2 km
of data was acquired in SG 4571 and following
approvals a further 437.1 km of contiguous data
was acquired in an existing application area. The
CB21 Seismic Survey significantly exceeds the
Company’s minimum work programme obliga-
tions of 300km of 2D seismic data for the current
licence period, which runs to June 2024.
The remaining geophone retrieval was com-
pleted on November 2, and final data harvest-
ing will be completed in the coming days. The
demobilisation of equipment and personnel has
commenced and is expected to be completed in
the next week.

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