NAPENews Magazine August 2021 Edition
NAPE News Magazine August 2021 Edition of the NAPE News is here for your reading pleasure. Happy reading.
NAPE News Magazine August 2021 Edition of the NAPE News is here for your reading pleasure. Happy reading.
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NIGERIAN OIL & GAS
INDUSTRY REPORT
A REVIEW OF ACTIVITIES IN THE
NIGERIAN OIL & GAS SPACE
COURTESY AFRICAN OIL + GAS REPORT
TOTALENERGIES IS THE
LARGEST HYDROCARBON
PRODUCER IN NIGERIA.
TOTALEnergies averaged a net
output of 273,220Barrels of Oil
E q u i v a l e n t P e r D a y
(273220BOEPD) in Nigeria in 2020.
The figure was over 50,000BOEPD
higher than the output reported by
Shell, which came a distant second,
at 223,000BOEPD.
Chevron was the country's third
highest hydrocarbon producer, with
183,000BOEPD.
The figures are all from the
companies' respective 2020 annual
reports.
Whereas the top three producers
reported sizeable natural gas
production, the fourth on the list,
ExxonMobil, reported only liquid
hydrocarbon output, which it put at
150,000BOPD.
ENI was the fifth net hydrocarbon
producer in Nigeria in the year under
review, with 131,000BOEPD.
It is certain that TOTALEnergies will
be in the lead for a while for two clear
reasons. Its Egina Field, currently
producing 150,000BOPD, could do
much more if the OPEC+ imposed
curtailment was lifted. The field was
producing 201,000BOPD, slightly
higher than its prognosed peak
output, when the curtailment was
effected. The company had to shut
in some reservoir compartments for
the cut.
TOTALEnergies also, unlike its
peers, has some new uptake on the
horizon: in 2019, it took Final
Investment Decision (FID) on the
Ikike field, and expects first oil before
the end of 2021. The Preowei field
development plan was approved in
2019 and activity is ongoing to take
the field to first oil, with 70,000BOPD
expected at peak, latest by mid-
2024.
PLATFORM BREAKS INTO THE
“NIGERIAN GAS GRID” SYSTEM
Platform Petroleum has become a
gas supplier of some reckoning in
the Nigerian domestic gas market.
The marginal field operator currently
supplies 22Million standard cubic
feet of gas per day (22MMscf/d) to
apipeline operated by the Nigerian
Gas Company (NGC).
“All of this is essentially lean gas that
comes from the stripping process
that is achieved by the PNG gas
plant, located on the Egbeoma
(marginal) field in the north-western
Niger Delta”, according to Osa
Owieadolor, the company'srecently
departed Chief Executive Officer.
Platform Petroleum is the operator
of that field.
Mr. Owieadolor was granting a
valedictory interview to the journal.
That makes Platform the marginal
field operator with the second
highest volume of lean gas supplied
to the local market.Savannah
Petroleum, another marginal field
o p e r a t o r , s u p p l i e s a b o u t
100MMscf/d, processed from the
Uquo marginal field to the domestic
market, mainly to power plants in
Calabar and Ikot Abasi, in the east of
the country.
The Nigerian domestic gas market is
relatively small, with the total volume
(supplied to power plants, fertiliser
plants and industries) coming to less
than 1,500MMscf/d, so two marginal
fields supplying 122MMscf/d is big
deal.
“Prior to this process, we were
flaring significant volumes”,
Owieadolor told Africa Oil+Gas
Report. “Nowwe're delivering about
1.2MMcf/d of gas to PowerGas for
their CNG plant”, he explained. “We
have significantly reduced our
flaring by over 80%, and we should
achieve a total flare-down in our field
before the end of the year, because
we have also commissioned a
NAPENEWS AUGUST 2021 32