Page 13 - AfrOil Week 02 2022

AfrOil PROJECTS & COMPANIES AfrOil

“As a truly Ugandan company, our national involvement of Ugandan citizens and Ugan-
content strategy is aimed at maximising the use dan-owned companies in the oil and gas indus-
of Ugandan expertise, goods and services. The try, she was quoted as saying by Nile Post.
Tilenga MOOC is one of such initiatives that “The [PAU] supports programmes that are
will enhance the skills and knowledge of young designed to empower Ugandans to benefit from
talented Ugandans interested in participating in the opportunities in Uganda’s oil and gas sector
the oil and gas sector,” he said. by giving them the right knowledge and skill-
Peninah Aheebwa, the director of technical set,” she said at the launch ceremony. “I thank
support services at the Petroleum Authority TotalEnergies for this commendable skilling
of Uganda (PAU), spoke favourably about the initiative and urge all Ugandans who meet the
company’s approach to local content. TotalEn- criteria for this programme and are interested
ergies EP Uganda is upholding the goals set by in being part of the transformation of Uganda’s
the government, which aims to promote the oil and gas industry to embrace it.” ™

Eni spuds Mlima-1 well offshore Kenya

KENYA THE Italian major Eni has spudded the Mlima-1
well to seek crude oil and natural gas at Ken-
ya’s offshore Block L11A, located in the Lamu
sedimentary basin, using the Saipem 12000
drillship.
Kenya’s Petroleum Principal Secretary
Andrew Kama said drilling had started on
December 28 and that the exercise, led by Eni,
should be completed in 40 days.
“The well is being drilled by Eni, TotalEn-
ergies [France] and Qatar Petroleum at a site
200 km from Msambweni in the coastal Kwale
county,” Kamau said in a telephone interview on
January 6.
“Mlima-1 is located 20 km west of the
Kibiko-1 well, drilled by Anadarko Petroleum
and classified as dry,” Kamau said. A safety
zone of 500 metres is being maintained around
Mlima-1 by a patrol vessel.
Eni has been present in the East African
country since 2014 through its subsidiary, Eni Block L11A is in the offshore Lamu basin (Image: TotalEnergies)
Kenya.
The spudding of the Mlima-1 well comes oil. Another investor, Tullow Oil (UK/Ireland),
seven years after BG Group drilled the Sun- has discovered commercial quantities of crude
bird-1 well at Kenya’s offshore Block L10A and oil in Turkana County, in Kenya’s onshore South
discovered non-commercial reserves of crude Lokichar basin. ™

NEWS IN BRIEF

INVESTMENT SPP being open to all eligible shareholders per board has exercised its right under the SPP pro-
the record date of December 24, 2021. The pro- spectus to accept oversubscriptions of a further
Invictus Energy says SPP spectus confirmed the main conditions for the $1mn and to increase the SPP total from $2mn
SPP of: (i) Offer price of $0.10 per share; (ii) to $3mn.
$2mn target reached Record date of 24 December 2021; (iii) 1-for-2 ora Bassa Project encompasses the Muzarabani
About the Cabora Bassa Project: The Cab-
free option at $0.14 exercise price, expiring Jan-
Invictus Energy is pleased to provide an update uary 31, 2025; (iv) SPP total of up to $2m, with Prospect, an 8.2 TCF and liquids-rich conven-
on the capital raising activities to assist with the board discretion to accept oversubscriptions of a tional gas condensate target, which is potentially
funding of its 80% owned and operated Cabora further $1m; (v) Minimum SPP parcel of $2,000 the largest, undrilled seismically defined struc-
Bassa Project in Zimbabwe. with maximum of $30,000; (vi) Offers accepted ture onshore Africa.
Securities Purchase Plan (“SPP”) $2m target on a 1st Come-1st Served basis. The prospect is defined by a robust data-
reached: On January 10, 2022, Invictus launched Oversubscription of $1mn Opened: Given set acquired by Mobil in the early 1990s that
its SPP by lodgement with the ASX and ASIC of the demand of the SPP on the opening day and includes seismic, gravity, aeromagnetic and
its SPP prospectus to raise up to $2m, with the having reached the SPP target of $2mn, the geochemical data.

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