OGR July - August Edition 2020

TOP STORY
The bid round's custom data pack
comprises of core wells located in the
estimated marginal fields.
The core data pack includes more than 50
wells and will be available to successful
applicants at reproduction costs only
during the data prying stage of the bid
round. Also, further two packages will be on
offer under interesting pricing conditions.
These advanced sets will include in fill wells
and other complementary data in and
around the marginal fields.
Executive vice-president of Geoex Ltd,
Jean-Philippe Rossi, said: "Pre-qualified
companies will be able to access the data
without paying premiums associated with a
regular data license, making them an
excellent source for evaluation of these
marginal fields. This is a one-time
opportunity for the indigenous Nigerian
companies, which Geoex and Bilview are
offering in support of the ongoing bid
round."
He said his companies have carefully
designed these well packages to offer a
flexible price schedule to interested parties.
"We are being mindful of the current
industry situation and want to allow prequalified
companies to use our data to their
advantage," Rossi said.
The national well data are available to the
industry all year round via a dedicated
www.geoinfoweb.com portal, where
companies can browse, select, and request
data information. The full portfolio
comprises high-quality workstation-ready
well logs, correlative well information, and
on-demand log suites for more than 7,000
wellbores. The web portal showcases the
well repository since 2011.
The Nigerian government noted that its
major objective for the ongoing marginal
field program was a win-win value
proposition for government, Nigerians,
indigenous and foreign investors.
The Nigerian government is also working
on establishing a National Acreage
Management Strategy (NAMSTRA), a body
that would be responsible for putting in
place strategies to determine the nation's
periodic bid rounds.
According to them, NAMSTRA has become
necessary since the last bid round was
about 17 years ago.
He stated that with the nation's available
seven basins comprising the Benue
(central), Sokoto (north-west border), Chad
(north-east), Bida (central, along the Niger
valley), Dahomey (South-West) and
Anambra (South-East) Basins and the Niger
Delta (South coastal) including the deep
water, the establishment of NAMSTRA will
help to predict when the next bid round will
be after assessing the commercial viability
of these basins. "NAMSTRA will also help to
determine how prolific such basins will be in
a bid round process," they said.
In another development, there is an ongoing
licensing round in Uganda up to 5 blocks
that were launched in 2019 and will be
available until September 30th, 2020.
Peninah Aheebwa
Peninah Aheebwa, Director of Technical
Support Services Petroleum Authority,
Uganda, has confirmed that there are
currently three active exploration licenses
given to Armour Energy and Oranto
Petroleum. While Uganda's most
prospective basin is The Albertine Graben
which is open for investment and only a 10%
license has been issued while 90% is
unlicensed.
She said: "The blocks are attractive as we
currently have up to 6 investors that have
shown interest on these blocks. But, we are
encouraging investors out there to take
advantage of these blocks.
"There are about 21 oil and gas discoveries
in Uganda's oil and gas industry with an
unprecedented drilling tax rate of about
88% and a resource base of around 6 billion
barrels of oil in place.
"Uganda has issued over 14 licenses to
CINOOC, Total, Tullow among others.
While the country is estimated to have
about 1.4 billion barrels of recoverable
resources.”
Moving forward, Cameroon oil and gas is a
growing industry with enormous potential.
The country has been a producer and
exporter of oil over seven decades. Though
it is not ranked among the largest oilexporting
nations, it remains an important
oil and gas exporter in Central Africa due to
its favorable geology, dynamic relationship
with other foreign oil operators, host
government, and its legal framework.
The Government of Cameroon has set out
to further develop and expand the industry
and within its mandate to attract investment
in its oil and gas industry, the National
Hydrocarbons Corporation (SNH) has
launched the promotion of nine blocks in the
hydrocarbons rich Rio del Rey Basin (RDR)
and the highly prospective Douala/Kribi-
Campo (DKC) Basin.
The Douala/Kribi-Campo Basin covers a
total area of 19000 km. It is the
northernmost basin in the South Atlantic
and it lies between the prolific petroleumproducing
Niger Delta to the North and the
Rio Muni Basin to the South. Source rocks
have been identified from several
stratigraphic levels including the
Aptian/Albian, Upper Cretaceous,
Oligocene/Miocene (Soullaba), and
Paleocene/Eocene (N'kapa). All the oil
properties indicate that oil originates from
terrigenous dominated source rocks
deposited in a marine environment. There is
abundant oil at the basin margins.
Hydrocarbon bearing reservoirs have been
encountered at nearly every stratigraphic
level from the Miocene (Souellaba) down to
the Albian/Aptian (Upper and lower
Mundeck) and across a variety of
depositional systems from continental to
deepwater.
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OIL AND GAS REPUBLIC I SPECIAL EDITION