The Buzz: This Week Africa
Brent Crude is trading at $61.79, WTI at $54.63 and natural gas at $2.80 per million BTU (at 15:05 in South Africa). Here are AOPs top news stories from the last seven days.
Total to announce results of Brulpadda drill project imminently http://bit.ly/2Sel2hr French oil major Total is set to announce the results of its deepwater drilling operation in the Brulpadda field, offshore South Africa, within days.
Drilling started on the Brulpadda-1AX re-entry well on Block 11B/12B in December, and the company predicts that the potential for a discovery is high and could hold 1.5 to 3 billion barrels.
Uganda, Tanzania come closer to constructing East African Pipeline
In an intergovernmental ministerial committee meeting held on Friday, the governments of Uganda and Tanzania agreed to sign the Host Government Agreement (HGA) for the East Africa crude oil pipeline by the end of June, following prolonged and ongoing negotiations between ministers from both countries.
APPO promotes infrastructural collaboration in Africa
During the ongoing Nigeria International Petroleum Summit in Abuja, the President of the African Petroleum Producers Organization (APPO) Dr. Emmanuel Ibe Kachikwu said the organization would mobilize $2 billion in resources to fund infrastructural collaboration in Africa in efforts to develop the hydrocarbons sector.
RoyalGate Energy Extends License on Block Z in Equatorial
African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as the oil price stabilizes and the market recovers.
Equatorial Guinea to commence oil and gas licensing round this year
Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiang Lima, has announced that the country will commence its licensing round for oil, gas and mining acreage in its onshore and ultra-deep waters this year.
ENI starts new production well offshore Angola
Italian oil major Eni has launched a new production well in the Vandumbu field about 350km north-west of Soyo, in the West Hub of Block 15/06 offshore Angola.
The start-up of the VAN-103 well, alongside a previous well in the Mpungi field, marks a further step in the development of the field, which was launched last November.
BP Looking at FPSO option for Block 31
Multinational oil and gas company BP could start producing first oil from a floating, production, storage and offloading (FPSO) vessel – from the Palas-Astraea-Juno (PAJ) project in Block 31 off Angola – by 2022.
The FPSO could potentially produce up to 100,000 barrels per day (bpd) from the eight to ten well scheme, with some 80 million cubic feet of gas piped to nearby infrastructure for further export Angola’s liquefied natural gas plant.
Ghana moves forward in inaugural open licensing round
In the country’s first open oil exploration licensing round, Ghana has successfully completed the evaluation of all expressions of interest and pre-qualification applications submitted by companies for Blocks 2, 3, and 4, according to the Ministry of Energy and Petroleum of Ghana.
Of the 16 companies reviewed, 14 bids have pre-qualified, one bid was disqualified for failing to meet application requirements, and one bid was invalidated for targeting Block 1, which is reserved for sale by the state-owned Ghana National Petroleum Corporation.
AEC enters into cooperation agreement with South Sudan
The African Energy Chamber entered into a technical assistance cooperation agreement with the Ministry of Petroleum of the Republic of South Sudan in an effort to bolster the country’s capacity to develop and manage its hydrocarbons sector.
Gabon extends block bidding process
Bidders for Gabon’s 12th licensing round have more time than scheduled. Launched in Cape Town last November, the round was initially set with a deadline in April 2019 for 12 shallow water blocks and 23 deep and ultra-deep water blocks offshore Gabon.
PTTEP to make FID decision on Mozambique gas field in H1
Thailand-based PTT Exploration & Production (PTTEP) will make a final investment decision on the Anadarko-operated Rovuma Offshore Area 1, offshore Mozambique, in the first half of 2019.f an investment decision is made in the allotted time period, the company anticipates that the first phase of production will begin in 2024.