Page 17 - AfrOil Week 08 2021

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The previously announced debt funding plans, management of oil and gas resources, supported from Centurion and also Panoro’s team,” added
including the arrangements of which San Leon by a new roadmap that accelerates reforms and Oliveira.
is part, are in the final stages of being concluded, ensures adequate supervision of projects by the This transaction, which forms part of Tullow’s
which will provide additional development relevant ministers and parastatals. US180mn sale of assets to Panoro in West Africa,
funding for further operations and development To this end, President Sall implored Minis- has been approved by the government of Equa-
drilling for the full development of the Oza oil- ter of Petroleum and Energy Aissatou Sophie torial Guinea. It is also a class 1 transaction under
field. The current private placement, which will Gladima to work towards revolutionising the UK listing rules and is subject to approval
allow Decklar Petroleum to begin the Oza-1 information reporting systems within the from both parties’ shareholders.
well re-entry and production operations on an hydrocarbon sector and implementing a cohe- Centurion Law Group, February 22 2021
expedited basis, is expected to close by the end sive communication strategy on oil and gas
of February 2021. management.
SAN Leon Energy, February 22 2021 President Sall further urged national oil TECHNOLOGY
company Petrosen to finalise Production Shar-
POLICY ing Contracts and Association Agreements with Egyptian Ministry of
operators, with a view to driving inclusion of the
Nigerian, Equatoguinean private sector and indigenous industries. Petroleum, Schlumberger
President Sall also requested that the Minis-
delegations discuss oil and try of Finance and Budget finalise the bill on rev- announce launch of Egypt
enue sharing related to oil and gas development
gas co-operation plans before the end of March 2021. Upstream Gateway
Finally, the Head of State urged government
Gabriel Mbaga Obiang Lima, Minister of Mines to support the establishment of the National The Egyptian Ministry of Petroleum and
and Hydrocarbons of Equatorial Guinea met Institute of Oil and Gas, as well as formalise Schlumberger have announced the launch of
with Timipre Sylva, Minister of Petroleum regulation related to education and training in the Egypt Upstream Gateway, an innovative
Resources of Nigeria, at the presidential palace the sector, in a bid to develop human capital national project for the digitalisation of subsur-
in Malabo intending to strengthen bilateral rela- and facilitate knowledge, skills and technology face information. This digital platform will also
tions between the two countries. transfer. enable global access to the country’s subsurface
The meeting included a signing of a mem- Africa Oil & Power, February 19 2021 data, which is kept evergreen by enhancing leg-
orandum of understanding (MoU) which will acy datasets through reprocessing and new stud-
consolidate new opportunities for the hydro- ies. This unique digital initiative will be used to
carbons sector for both countries and, allow the LEGAL unlock the potential of Egypt’s petroleum sector
counterparts to collaborate on maritime piracy and promote the country’s exploration and pro-
protection strategies as security remains a major Centurion advises Panoro duction potential worldwide.
concern for energy infrastructure, with attacks “Egypt is in the process of launching the
reaching record highs in the Gulf of Guinea. on acquisition of Tullow Egypt Upstream Gateway, a digital subsurface
The ministers also agreed to expedite joint platform that will act as an up-to-date reposi-
cross-border cooperation for the supply of gas asset in Equatorial Guinea tory of the country’s subsurface data,” said Tarek
from Nigeria to Equatorial Guinea which will El-Molla, minister of petroleum and mineral
also be an opportunity for Equatorial Guinea’s Pan African law conglomerate Centurion Law resources of Egypt. “The Egypt Upstream Gate-
energy sector to see an additional step to its local Group is pleased to have acted as local counsel way will digitally promote Egypt’s oil and gas bid
content development plans. to Panoro Energy on the $105mn purchase of all rounds through seamless online access to the
This agreement once again signals that Tullow Oil assets in Equatorial Guinea. The par- sector’s data, as well as endorsing our exploration
energy cooperation between neighbours on the ties have signed a sale and purchase agreement, potential worldwide.”
continent can unlock tremendous value for Afri- pursuant to which Tullow has agreed to sell its “The Egypt Upstream Gateway is the embod-
can nations, in particular, in the Gulf of Guinea entire interest in Tullow Equatorial Guinea. iment of the Egyptian Ministry of Petroleum’s
where there is great potential for collaborations. “We are excited to have assisted Panoro vision, leveraging digitisation to modernise
African Energy Chamber, February 23 2021 Energy on this landmark Oil and Gas trans- the country’s petroleum sector,” said Rajeev
action,” said Manuel Oliveira Director and Sonthalia, presidentof Digital & Integration at
Senegalese president urges Shareholder, who led Centurion’s EG deal team. Schlumberger. “With the launch of this indus-
“This was a significant transaction that involved try-first platform, the Egyptian Ministry of
national oil and gas reform cooperation between experienced attorneys Petroleum and its affiliates—EGPC, EGAS,
GANOPE—can digitally showcase national
Senegalese President Macky Sall has called for assets to investors worldwide, in addition to
a transformation of organisation, management, leveraging the latest digital technology and
execution and evaluation processes within the solutions to accelerate discovery throughout the
domestic oil and gas sector, as the country pre- country.”
pares to enter oil and gas operations from 2023. The Egypt Upstream Gateway provides dig-
The President made his announcement dur- ital access to over 100 years’ worth of accumu-
ing a virtual conference held with the Council lated national onshore and offshore seismic,
of Ministers on Wednesday. Expanding upon non-seismic, well-log, production, and addi-
a prior meeting he chaired earlier this month, tional subsurface data under a single platform.
President Sall advocated for the enhanced Schlumberger, February 18 2021

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