The Buzz: This Week in Africa
At the beginning of the week, Brent Crude is trading at $77.88 per barrel, WTI at $69.81 and natural gas at $2.89 per million BTU (at 10:19, 03 September 2018, South Africa). Here are AOP’s top five stories from the last seven days.
Eni makes gas discovery in Egypt
Eni has announced that it has made a new gas discovery in the Egyptian Obayed concession located in the Egyptian Western Desert.
The well was drilled on the Faramid South exploration prospect located 30 km North- West of the Melehia Concession. It reached the target depth of 17, 000 feet and encountered several gas bearing layers in the Kathabta sandstones of Jurassic age.
Bowleven plc spuds well in Cameroon
Africa-focused oil and gas company, Bowleven plc has announced that it has begun spudding the IE-4 appraisal well at the Etinde block in Cameroon.
According to a media statement released on Friday, the drilling and logging operations on the IE-4 will take an estimated 90 days to complete, with Schlumberger providing most of the drilling services.
The well is operated by New Age Cameroon Offshore Petroleum SA.
South Africa: EPCs partner for solar projects
Canadian Solar and ET Energy have established a joint venture to provide engineering, procurement and construction services for two solar projects for BioTherm Energy.
The solar power plants, namely Aggeneys (46MWp) and Konkoonsies II (86MWp) are located in the North West province, and are part of the Round 4 projects of the Renewable Energy Independent Power Producer Procurement programme.
The plants are expected to be connected to the national grid by the end of 2019 and 2020, respectively.
Senegal: SNE project to reach FID in 2019
The SNE oilfield offshore Senegal is expected to reach FID in 2019.
The project will be developed through a floating production storage and offloading facility and subsea infrastructure that will include 26 subsea wells. First production on the project is targeted for 2022.
Nigeria: Egina FPSO departs lagos
Last week the Egina FPSO departed the Lagos Deep Offshore Logistics base in Nigeria, headed for the Egina deepwater oilfield.
On arrival, the FPSO will be connected to the subsea facilities. Once production begins, it is expected to contribute 200, 000 barrels per day of crude oil to Nigeria’s daily output.