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.
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THE ENERGY REPUBLIC I SPECIAL EDITION