The Energy Republic July Edition 2022

AFRICAN ENERGY STORIES
TechnipFMC Awarded Significant Contract by TotalEnergies
for Subsea 2.0 Production Systems
TechnipFMC has been awarded a
significant contract by TotalEnergies EP
Angola to supply subsea production
systems for the CLOV3 development in
Block 17, offshore Angola.
It is the first contract under the
companies’ new framework agreement
covering subsea trees for brownfield
developments in Block 17 in Angola.
The CLOV3 contract includes Subsea
2.0 trees and associated controls,
umbilical termination assemblies,
jumpers and services.
Jonathan Landes, President, Subsea at
TechnipFMC, commented: “We are proud to
continue working with our valued partner
TotalEnergies EP Angola, with the support of
our large installed base. Our framework
agreement and the CLOV3 contract are the
result of several years of collaboration to
standardize subsea production equipment
and optimize subsea developments.”
Subsea 2.0 products use standardized
components that are pre-engineered and
qualified, which allows equipment to be rapidly
configured according to each project’s specific
requirements. This optimizes the engineering,
supply chain, and manufacturing processes,
thus reducing the time to first oil and/or gas.
(1) For TechnipFMC, Evy Maffini a “significant” contract is
between $75 million and $250 million.
Eco Atlantic Increases Stake in Orange Basin, Ofshore
South Africa
Eco Atlantic Oil & Gas Ltd has signed an
agreement to increase its stake in a
block in the Orange Basin, offshore
South Africa.
According to report, Eco Atlantic is paying
US$10mln to acquire an additional 6.25% of
the block, which through its subsidiary
Azinam will give it a 26.25% participating
interest.
prospectivity of the licence following the
significant oil discoveries made earlier in the
year offshore Namibia Orange Basin and we
are pleased to be strengthening our working
relationship with Ricocure and Africa Oil
Corp (TSX-V:AOI).
"We are seeing growing industry interest in
the entire Orange Basin and, in particular, in
Block 3B/4B and are therefore very happy to
have managed to increase our WI [working
interest] on the Block.
and we look forward to keeping our
stakeholders updated as we look to spud the
Gazania-1 well on Block 2B, offshore South
Africa, in early September 2022.”
Block 3B/4B covers an area of 17,581sq km
in 300-2,500m of water and lies 120-
250kms directly south of the multi-billion
barrel discoveries offshore Namibia
announced earlier this year by Shell (Graff-
1) and TotalEnergies (Venus-1).
Gil Holzman, Eco (Atlantic) chief executive,
added” We are upbeat about the
"We are set for an exciting couple of months
Egypt and Chevron to Explore New East Mediterranean
Gas Deal
Egyptian Natural Gas Holding
Company (EGAS) and Chevron has
signed an agreement to explore
sending natural gas from offshore
Mediterranean fields to Egypt for
processing and export.
The memorandum of understanding signed
by Egyptian Natural Gas Holding Company
(EGAS) and Chevron will consider transport,
import, liquefication and export of natural
gas from the eastern Mediterranean, the
ministry said.
Two years ago, Chevron acquired about 40%
stake in a massive natural gas field in the
Mediteranean Sea off the coast of Israel.
It also plans to drill its first exploration well in a
concession area in the eastern Mediterranean
in September, Egypt's petroleum ministry said
in a statement.
Chevron also is considering gas monetization in
the region, including floating LNG (FLNG)
technology, the U.S. company added.
FLNG involves the use of ships or offshore
platforms to convert gas into a liquid for
delivery on tankers.
"We look forward to continuing to build our
relationship with EGAS and the Egyptian
government," Chevron said. If an agreement is
finalized, gas could be available for Egypt's
domestic market or converted to liquefied
natural gas, Chevron said.
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THE ENERGY REPUBLIC I SPECIAL EDITION