Page 13 - AfrOil Week 44
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AfrOil                                        INVESTMENT                                               AfrOil





























                                                             Ruvuma is home to the Ntorya gas field (Image: Aminex)

                         Work at the sites has progressed slowly because   pandemic and the conflict in Libya have posed
                         of civil conflict in Libya, the company noted.  additional significant challenges during the
                           It explained that WIAG had been forced to   past months, NOC and WIAG are nonetheless
                         suspend oil production following the impo-  convinced that as a result of a comprehensive
                         sition of a blockade on oil infrastructure in   and diligent transitional process, SOO has suc-
                         mid-January. However,  that blockade  was   cessfully been enabled to operate the fields in a
                         suspended in mid-September and then lifted   reliable manner and in accordance with good
                         a month later, owing to the signing of a cease-  oilfield practices,” it commented.
                         fire agreement between Benghazi-based LNA   The company did not say when it expected
                         and the UN-backed Government of National   SOO to begin regular commercial operations.
                         Accord (GNA), which is based in Tripoli.  WIAG’s two Sirte Basin blocks lie about 1,000
                           This clears the way for work at Contract   km south-east of Tripoli. They are home to nine
                         Areas 91 and 107 to proceed, Wintershall   separate oilfields, the largest of which is As-Sa-
                         said. “Although the coronavirus [COVID-19]   rah. ™


       DPR says bidding round for




       marginal fields is ongoing






            NIGERIA      NIGERIA’S  Department of Petroleum   Minister of State for Petroleum Resources.
                         Resources (DPR) confirmed last week that it had   The agencies also noted that DPR had
                         not yet wrapped up the marginal fields licensing   received applications to bid in the licensing
                         round launched earlier this year.    round, which was only open to Nigerian com-
                           Paul Osu, the head of DPR’s public affairs   panies, from more than 500 entities. At least 100
                         department, explained that the process of bid-  of these potential investors have now completed
                         ding for the 57 sites involved in the heavily   the process of submitting an offer in the auctions
                         subscribed auctions was not yet complete. “The   after being pre-qualified to bid, they said.
                         2020 marginal oilfield bid round process is still   Osu confirmed that many Nigerian firms had
                         ongoing, in line with our published timelines on   expressed interest in bidding for one or more
                         DPR website and bid portal,” he told the News   marginal fields and said that DPR was working
                         Agency of Nigeria (NAN).             to ensure that all participants were capable of
                           He was responding to reports from the local   upholding their commitments. “Over 600 com-
                         press that DPR had already finished reviewing   panies have applied to be prequalified for the
                         the bids received by September 15 and would   bid rounds, which began on June 1,” he stated,
                         reveal the results of the contest soon. Nigerian   according to NAN. “However, the DPR had put
                         news agencies said last week that the depart-  measures in place to ensure that the awardees
                         ment intended to reveal the outcome once it had   would be credible investors with technical and
                         secured approval from Timipre Sylva, Nigeria’s   financial capability.”



       Week 44   04•November•2020               www. NEWSBASE .com                                             P13
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