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The Energy Republic July Edition 2022

This magazine is a Special Edition focused on the NOG Conference and Exhibition 2022. The Nigeria oil and gas industry is undergoing a transformation following the recent policy enactment such as the Petroleum Industry Act (PIA) and ‘Decade of Gas Initiatives’ led by the Federal Government of Nigeria. This years’ NOG Conference features world-class conference programmes, including panel sessions to enable industry stakeholders, players and government discuss strategies in funding Nigerian energy mix going forward. In this edition, we featured an exclusive interview with H.E Chief Timipre Slyva, Honourable Minister of State for Petroleum Resources, including stakeholders and experts commentaries which are aligned based on the global trends in the energy, oil and gas industry. For general inquiries, please email us at: info@theenergyrepublic.com

This magazine is a Special Edition focused on the NOG Conference and Exhibition 2022. The Nigeria oil and gas industry is undergoing a transformation following the recent policy enactment such as the Petroleum Industry Act (PIA) and ‘Decade of Gas Initiatives’ led by the Federal Government of Nigeria. This years’ NOG Conference features world-class conference programmes, including panel sessions to enable industry stakeholders, players and government discuss strategies in funding Nigerian energy mix going forward.

In this edition, we featured an exclusive interview with H.E Chief Timipre Slyva, Honourable Minister of State for Petroleum Resources, including stakeholders and experts commentaries which are aligned based on the global trends in the energy, oil and gas industry.

For general inquiries, please email us at: info@theenergyrepublic.com

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AFRICAN ENERGY STORIES

Schlumberger and Subsea 7 Seal Moroccan

FEED Deal

Schlumberger and Subsea 7 have

inked a contract with Africa-focused

energy firm Chariot for front-end

engineering and design (FEED) of the

Anchois gas development project in

Morocco.

The deal covers offshore components

including well completions, subsea

production systems, and subsea umbilicals,

risers, and flowlines (SURF) that will be

delivered by Subsea Integration Alliance,

and onshore components including a

central processing facility (CPF) and

flowlines and controls from the CPF to the

shore crossing that will be delivered by

Schlumberger.

Chariot is managing the additional FEED

scopes required for the development, such

as well construction and onshore

infrastructure, including fixed pipelines, to

deliver gas to customers. Chariot,

Schlumberger, and Subsea 7 will continue to

adopt a “one-team” integrated and

collaborative approach to safely fast-track

first gas to maximise the return on

investment, the company said in a

statement.

Chariot recently raised $25.5m to progress

its flagship Anchois offshore gas project in

Morocco, as well as its other renewable

energy projects across Africa. The Anchois

gas development project, which falls under

the Lixus offshore drilling license, covers an

area of around 2,390 sq km with a water

depth that ranges from the coastline to 850

m. The Anchois-1 and Anchois-2 discoveries

represent a high-value gas appraisal and

development project. The exploration led to

the discovery of excellent quality, dry gas

across seven reservoirs with approximately

150m net pay, according to Chariot.

Adonis Pouroulis, the acting CEO of Chariot,

commented: “Signing this agreement with

Schlumberger and Subsea 7 is further

evidence that we have accelerated

development plans for the Anchois gas

project, a key tenet of our recent

fundraising. Reduced interfaces, fewer

contingencies, and strong leverage over

procurement and the offshore construction

schedule will help shorten time to first gas.

This streamlined approach will benefit all

stakeholders which is a key objective of fasttracking

the project towards cashflow.”

Perenco to Recommence Production

in Untapped Chadian Oil Fields

In a move that will see the

company strengthen its

footprint even further across

the African energy sector while

ushering in a new era of hydrocarbon

production in Chad, European

independent oil and gas company,

Perenco, has announced the

acquisition completion of Anglo-Swiss

multinational Glencore’s corporate

entities in Chad. With the acquisition,

Perenco now holds Glencore’s entire

upstream oil interests in Chad, a

particularly lucrative market with

significant potential across the

upstream landscape.

The acquisition provides Perenco full

ownership of PetroChad Mangara

(PCM) – the operator of the Mangara,

Badila and Krim oil fields in Chad’s

Doba Basin – with the company

announcing its intention to restart

production, bringing Chad’s oil

production back up to 16,000 barrels

per day in the near term. With Badila

and Mangara representing two

sizeable oilfields, producing since

2014 – with oil exported via the Doba

oil pipeline to Kribi in Cameroon –, and

Krim an undeveloped yet high

potential discovery, opportunities for

increasing production and positioning

the country as a top oil producer are

significant.

“Perenco has been operating in

Central

Africa since 1992, a region where our

know-how in operating oil and gas fields

and developing infrastructure is highly

applicable. We look forward to working

with the Chadian authorities to restart

production from these important fields.

We believe Perenco is uniquely placed to

make a meaningful contribution to the

ongoing responsible development of

Chad’s hydrocarbon sector for the benefit

of all stakeholders and are excited about

establishing a long-term partnership with

the country,” stated Benoît de la

Fouchardière, Group General Manager,

Perenco, adding that, “We would also like

to welcome the PCM staff into the

Perenco Group, they are joining a

network of 6,800 professionals in 15

countries, and we look forward to a future

of mutually beneficial collaboration.

“The AEC believes that this is a great

addition for Chad and Perenco. At this

time, Chad will be having a partner in

Perenco, whose foundation has always

been built upon a strong geology-led

strategy. The Mangara, Badila and Krim

oilfields in the Doba Basin contain the key

strategic components common to all of

Perenco’s assets with significant

untapped potential to enhance

performance through operational

efficiencies and further exploration with a

unique team that has mastered the art of

project execution in Africa,” states NJ

Ayuk, Executive Chairman of the AEC.

23

THE ENERGY REPUBLIC I SPECIAL EDITION

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