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GLNG AFRICA GLNG

Angola reports oil output up slightly in August

PERFORMANCE ANGOLA’S National Agency of Petroleum, mmcf (2,434 mcm), or 2,773 mmcf (78,523 cubic
Gas and Biofuels (ANPG) said last week that metres) per day, recorded in the same month of
the country had seen crude oil production rise the previous year.
slightly in the month of August. The agency further stated that the Angola
In a press release, ANPG stated that Angolan LNG plant in Soyo, a town in northern Angola,
oilfields had yielded a total of 39.265mn bar- turned out 4.6mn boe (151,371 boepd) of LNG
rels of crude in August, equivalent to 1.265mn and other fuels in the month of August. This con-
barrels per day. This was 0.42% above the figure sisted of 3.78mn boe (121,984 boepd) of LNG,
of 1.26mn bpd reported for the same month of 427,044 boe (13,776 boepd) of propane, 283,910
2019, it said. boe (9,158 boepd) of butane and 200,070 boe
The agency also noted that production of liq- (6,454 boepd) of condensate.
uid hydrocarbons – that is, crude oil, gas con- Angola LNG is a consortium formed by the
densate and LPG – had amounted to 39.958mn national oil company (NOC) Sonangol, BP (UK),
barrels of oil equivalent (boe) in August, equiv- Chevron (US), Eni (Italy) and Total (France). Its
alent to 1.289mn boe per day (boepd). It did not gas liquefaction plant is capable of turning out up
provide a comparative figure from last year. to 5.2mn tonnes per year (tpy) of LNG.
ANPG went on to say that Angola had ANPG also said that the Cabinda Association
extracted some 94.228mn cubic feet (2.668mn had extracted 519,222 boe of LPG, equivalent
cubic metres) of associated gas, equivalent to to 16,749 boepd, in August. This group – which
3.04 mmcf (86,083 cubic metres) per day. This includes the US major Chevron as well as Eni,
represented a rise of 9.63% on the figure of 85,963 Total and Sonangol – is the developer of Block 0.™

Golar LNG, BP strike agreement on

delivery date for Gimi FLNG vessel

PROJECTS & BERMUDA-REGISTERED Golar LNG reduce and re-profile its capital spending com-
COMPANIES revealed in a statement last week that it had mitments for 2020 and 2021.” Later, it conceded
struck a deal with BP (UK) on setting a new that it had no choice but to revise its work sched-
target date for the conversion of the Gimi LNG ule, citing the impact of lockdowns in Singapore.
tanker into a floating LNG (FLNG) unit for the Since then, BP and Golar LNG have been
Greater Tortue/Ahmeyim project offshore Mau- working to draw up a new work plan. They have
ritania and Senegal. now wrapped up talks on the matter and have
The new deadline will be nearly a year agreed to preserve the original 20-year term of
behind the original, the statement said. “The the charter, according to the latter company’s
revised project schedule will result in the target statement.
connection date for the converted [FLNG] ves- Additionally, BP has lifted its declaration of
sel Gimi, previously scheduled for 2022 ... being force majeure, Golar LNG noted. These develop-
extended by 11 months,” the statement said. ments are “expected to facilitate the conclusion
The two companies had originally signed a of ongoing discussions with both engineering,
20-year charter for the vessel in February 2019. procurement and construction [EPC] contrac-
At that time, they said they hoped to finish the tors and lending banks regarding the adjustment
$1.3bn conversion project in time for the Gimi of construction and financing schedules respec-
FLNG unit to begin liquefying gas from the tively,” it added.
Greater Tortue/Ahmeyim block in 2022. But UK-based BP is leading development efforts
in April 2020, BP declared force majeure on the at the Greater Tortue/Ahmeyim block, which
project, saying it wanted to delay receipt of the straddles the maritime border between Senegal
vessel for 12 months in light of the coronavirus and Mauritania. The super-major and its part-
(COVID-19) pandemic. ners intend to extract hydrocarbons from the
Golar LNG criticised this move, saying it did ultra-deepwater block using a floating produc-
not expect the pandemic to lead to such a long tion, storage and off-loading (FPSO) vessel. The
delay. However, it also began discussions with FPSO will then transfer gas to the Gimi FLNG,
Singapore-based Keppel, its main contractor, which is capable of turning out about 2.5mn
citing a need “to re-schedule activities in order to tonnes per year (tpy) of LNG.™

Week 40 09•October•2020 www. NEWSBASE .com P15