Page 14 - AfrOil Week 28 2020

AfrOil PERFORMANCE AfrOil
Aker Energy has delayed a final investment decision on the Pecan project (Image: Aker Energy)
ey could also lead to job losses, he stated. He urged oil companies working in Ghana to make the investments needed to permit as many employees as possible to work remotely.
On a related note, Faibille stated that the pandemic had forced Ghana to suspend its next licensing round.
e government is willing to wait to o er new elds to investors, even though the last bidding
contest attracted strong interest, because its top priority is to address public health concerns appropriately, he said.
“ e pandemic risks delaying the country’s second cycle of licensing because the govern- ment is prioritising the management of the national impact of the virus and is waiting for investment conditions to improve,” he was quoted as saying by Agence Eco n.™
NNPC says Nigerian gas output rose 3.73% in April
NIGERIA
NIGERIA saw natural gas production levels rise slightly in April, according to the monthly nan- cial and operations report published by Nigerian National Petroleum Corp. (NNPC) last week.
In the report, Kennie Obateru, the head of the company’s public a airs division, noted that the West African state had extracted 226.51bn cubic feet (6.414bn cubic metres) of gas, or 7.786 bcf (220.487mn cubic metres) per day, in April. is represents a 3.73% month-on-month increase on the March gure, he said.
Fields developed by joint ventures accounted for 69.57% of total production, while fields developed under production-sharing contracts (PSCs) comprised another 21.46%, he added. The remaining 8.97% came from Nigerian Petroleum Development Co. (NPDC), he stated.
Obateru further noted that Nigeria had com- mercialised 136.44 bcf (3.863 bcm), or 48.88 bcf (1.384 bcm) per day, of gas in April. Some 99.45 bcf (2.816 bcm), or 3.32 bcf (94.2 mcm) per day, of gas was exported, he stated, while another
36.99 bcf (1.048 bcm), or 1.23 bcf (34.83 mcm) per day, went to the domestic market.
The majority of domestic gas deliveries – 23.361 bcf (661.545 mcm), or 787.7mn cubic feet (22.306 mcm) per day, equivalent to 63.88% of the total – went to thermal power plants (TPPs), he added. is was enough to sustain 2,873 MW of generating capacity, he said.
e remaining domestic volumes – 13.629 bcf (385.951 mcm), or 445.31 mmcf (12.61 mcm) per day – went to industrial customers, he stated. He did not provide comparative data from March for exports or domestic deliveries.
Nigeria’s government has declared 2020 to be the “Year of Gas” in a bid to promote the use of the country’s abundant natural and associated gas resources.
is programme builds on previous e orts to encourage domestic gas consumption, such as the campaign that made gas into the primary fuel for TPPs that accounted for 80% of Nigeria’s electricity production in 2019.
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w w w . N E W S B A S E . c o m Week 28 15•July•2020