Page 19 - AfrOil Week 30
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AfrOil                                      NEWS IN BRIEF                                              AfrOil








       ION will seamlessly integrate and reimage
       approximately 24,000 square km of MPME-held
       3D data and can expand the scope to include
       approximately 15,000 km of 2D data pending
       industry support. Leveraging the Company’s
       latest technology and extensive reimaging expe-
       rience, ION aims to significantly enhance the
       data’s resolution and subsurface insights. The
       3D volume has applications across the E&P life-
       cycle, helping reduce risk at play, prospect and
       reservoir scales. ION expects the program to
       commence in 2020, with final deliverables avail-
       able in mid-2021.
         Mohamed Abdel Vetah, Minister of Petro-
       leum, Mines and Energy, commented: “Through
       this project, ION will support the efforts of the
       Ministry to improve its exploration strategy
       offshore and onshore in the Taoudeni area and
       attract more investors with the aim of devel-
       oping the national resources for the benefit of
       our nation and to build a long-term beneficial
       partnership, which are the ultimate goals of his
       Excellency the President of Mauritania.”  of prospectivity in key areas offshore.  President, Royal Triangle Energy Solutions; Ann
         Joe Gagliardi, Senior Vice President of ION’s   MegaSurveys are merged final-stack 2D and  Norman, General Manager for Africa, Pioneer
       Ventures group, said: “We are pleased Mau-  3D datasets which enable evaluation of basins  Energy; Pierre Raillard, Head of Business Devel-
       ritania selected ION to better understand its  in a regional context, including visualisation of  opment, Orca Exploration; Jeff Goodrich, for-
       resources and attract new investments to the  different plays and hydrocarbon migration path-  mer CEO, OneLNG and former COO, Perenco.
       country, enabling all stakeholders to make more  ways on a large scale. They act as a mechanism   Committee members gather decades of
       informed decisions. Recent world-class discov-  for exploration analog-building and opportunity  experience in the public and private sector all
       eries have identified huge volumes of natural gas.  identification.      across Africa and share a common belief in the
       Mauritania’s subsurface has never been revealed   “PGS is delighted to offer this superbly  power of natural gas to propel Africa’s economic
       on a regional 3D scale and we believe there is  located 3D data to support the Nigerian Mar-  development.
       substantial potential to identify new prospec-  ginal Fields Round, and enable participating   From Senegal to South Africa, natural gas is
       tive oil and gas opportunities in this proven,  companies to gain a competitive advantage in  taking an increasingly important place within
       under-explored basin when viewed in this new  their geological understanding,” says PGS New  the continent’s energy mix. Africa is home to the
       context. We expect this data volume will play a  Ventures Manager Joshua May.  world’s largest recent gas discoveries, especially
       pivotal role in unlocking Mauritania’s remaining   PGS, July 24 2020     in Senegal and Mozambique, and governments
       hydrocarbon potential for years to come.”                                across the continent are increasingly recognis-
       ION Geophysical, July 24 2020                                            ing the benefits of using African gas to drive eco-
                                           MOVES                                nomic growth.
       PGS data covers key                 African Energy Chamber               undeveloped  or  exported,  and  its  poten-
                                                                                  However, most of Africa’s gas had remained
       blocks for Nigeria’s                appoints natural gas                 tial to generate local value has remained
                                                                                underexploited.
       2020 bid round                                                           to support and expand several gas monetisation
                                                                                  The African Energy Chamber is on a mission
       The PGS Nigeria MultiClient data library pro-  advisory committee        and valorisation initiatives such as: increas-
       vides excellent 2D and 3D seismic coverage over  In continuation of recent announcements on  ing the use of CNG in the transport sector,
       recently announced blocks in the 2020 Marginal  the African Energy Chamber’s Advisory Board  expanding PNG networks for households and
       Fields Bid Round.                   (2020-2021), the Chamber is delighted to  industries, developing small-scale LNG infra-
         The Department of Petroleum Resources  announce the nominations on its Natural Gas  structure, supporting deals on gas-to-power,
       (DPR), on behalf of the Federal Government  Committee. The committee will be instrumental  petrochemicals and fertilisers, and improving
       of Nigeria, recently launched its 2020 licensing  in advising the Chamber on several projects and  access to data on gas supply and demand in the
       round. A total of 57 marginal fields are on offer,  initiatives to boost investments into gas infra-  continent.
       including a number in shallow-water terrains.  structure across the continent, and develop gas   “Natural gas has been good as an export com-
         PGS MultiClient Data available for evaluation  awareness campaigns to drive up demand and  modity for African economies such as Nigeria
       of blocks: The PGS Nigeria MegaSurvey com-  consumption.                 or Equatorial Guinea. But good is not enough
       plements offshore blocks of the 2020 Marginal   The Natural Gas Committee of the Chamber’s  anymore, as we recover from the most severe
       Fields Bid Round, offering prospective block  Advisory Board is made up of: Nosizwe Nok-  industry and economic crisis in recent history,”
       licensees the opportunity to integrate 3D seis-  we-Macamo, Executive Chairman & Founder,  declared NJ Ayuk, Executive Chairman at the
       mic data with available horizon interpretation  Raise Africa Investments; Jorg Kohnert, Man-  African Energy Chamber.
       into block evaluations to gain an understanding  aging Director, Jagal Energy; Eric Williams,   African Energy Chamber, July 22 2020



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