The Energy Republic September Edition

Meet Us At
Ofcial Magazine of
AUGUST - SEPTEMBER ISSUE 2022
A SPECIAL EDITION FOR THE GLOBAL ENERGY TRANSITION AGENDA
HIGHLIGHT ON
NIGERIA ENERGY
TRANSITION PLAN
PAGE 47
EXCLUSIVE INTERVIEW
SHELL NIGERIA GAS
3ED UBONG
PAGE 4
HYDROGEN
OPPORTUNITIES
AND OUTLOOK
PAGE 74
SAIPEC 2023
SPECIAL REPORT
NEW FEATURES
PAGE 10
SPOTLIGHT ON
UKRAINE’S OIL &
GAS POTENTIALS
PAGE 69
TOP STORY
Equinor Fueling Energy Transition With
$23 BILLION CAPEX, PROJECT OPPORTUNITIES

THE ENERGY REPUBLIC
CREATING GLOBAL OPPORTUNITIES
Publisher by:
The Energy Republic Marketing
and Communications Limited
(RC: 1919406)
Editorial Director
Bako Ambianda (USA)
Managing Editor
Ndubuisi Micheal Obineme
Editor
Tobi Owoyimika
Legal Counsel
Barr. Jackson Olagbaju
Correspondents:
Genevieve Aningo
Ifeoma Ofole
Samson Binutiri
The Energy Republic (TER) is published by The
Energy Republic Marke ng and Communica ons
Limited. TER provides an in-depth analysis about
the oil industry, and opportuni es around clean
energy sources such as Natural Gas, Hydrogen,
Ammonia, Solar Energy, Wind Energy, Hydro
Energy, Geothermal Energy, Biomass
Energy, among others.
EDITORIAL CONTENT
Dear TEREPUBLIC Execu ves, TOP STORIES
Welcome to our sixth edi on for the year 2022. Our publica on provides an in-depth
analysis about the oil industry, and opportuni es around clean energy sources such as
Natural Gas, Hydrogen, Ammonia, Solar Energy, Wind Energy, Hydro Energy, Geothermal
Energy, Biomass Energy, among others.
This magazine is a Special Edi on focused on the global energy transi on agenda. We also
did a spotlight on some countries and energy companies decarboniza on strategy which
will serve as a sta s cs to measure the ongoing progress and investment opportuni es in
energy transi on. This par cular’ edi on, we featured Ukraine’s oil and gas poten als
coupled with the just concluded Offshore Northern Seas (ONS) Conference 2022 held in
Stavanger Norway, plus latest industry news in the Northsea and other regions as well.
In this edi on, we did several exclusive interviews, star ng with ED Ubong, Managing
Director of Shell Nigeria Gas, who shared more light on his company’s new investment
focus under the Nigerian ‘Decade of Gas’ ini a ve. Interes ngly, we also interviewed
Christel Kvalvik, Managing Director at Equinor Nigeria Energy Company Limited. She also
listed some of her company’s capital expenditure and project opportuni es on renewable
energies among other interes ng stories.
Please take your me to go through this publica on to get more informa on about the
latest updates and project opportuni es in the energy, oil and gas industry.
For general inquiries, please email us at: info@theenergyrepublic.com
Thank you.
Best regards,
Ndubuisi Micheal Obineme
Managing Editor
For: The Energy Republic
Email: info@theenergyrepublic.com
oilandgasrepublic@gmail.com
Meet Us At
Ofcial Magazine of
Page 4: ED UBONG SHELL INTERVIEW
AUGUST - SEPTEMBER ISSUE 2022
A SPECIAL EDITION FOR THE GLOBAL ENERGY TRANSITION AGENDA
HIGHLIGHT ON
NIGERIA ENERGY
TRANSITION PLAN
PAGE 47
SAIPEC 2023
SPECIAL REPORT
NEW FEATURES
PAGE 10
SPOTLIGHT ON
UKRAINE’S OIL &
GAS POTENTIALS
PAGE 69
EXCLUSIVE INTERVIEW
SHELL NIGERIA GAS
3ED UBONG
PAGE 4
HYDROGEN
OPPORTUNITIES
AND OUTLOOK
PAGE 74
Page 15: AFRICAN ENERGY STORIES
Page 52: TOP STORIES
Page 63: EQUINOR INTERVIEW
Page 67: ONS 2022 FEATURES
Page 74: INDUSTRY NEWS
TOP STORY
Equinor Fueling Energy Transition With
$23 BILLION CAPEX, PROJECT OPPORTUNITIES
INDUSTRY PARTNERS
PROUD MEMBER OF

SHELL INTERVIEW
ED Ubong I MANAGING DIRECTOR OF SHELL NIGERIA GAS
“Shell to Facilitate More Investment for Nigerian Gas
to industries, Power Projects” – Ubong
In this interview, the Managing Director of Shell Nigeria Gas (SNG) and President of Nigerian Gas
Association (NGA), ED Ubong, talks to The Energy Republic about Shell's operational excellence in
Nigeria and the company's new investment focus on expanding its distribution networks, as well
as investing in gas-to-industries and power projects. Interview by Ndubuisi Micheal Obineme
TER: Since 1998, Shell Nigeria Gas (SNG) has been involved in the
downstream distribution of gas to major industries in Nigeria, as
well as providing clean, reliable, and low-cost alternatives to liquid
fuel. Please could you provide more insight on SNG's operational
excellence in the Nigerian gas sector?
Ubong: Shell Nigeria Gas (SNG) was incorporated in 1998 for the
marketing and distribution of natural gas to companies in Nigeria.
It is the first wholly-owned gas distribution subsidiary of an
international energy company in Nigeria. The company is certified in
ISO 14001 - a certification that shows it operates at the highest
industry standards.
Shell Nigeria Gas currently operates a growing world-class gas
transmission and distribution network of over 150km in Nigeria. It
operates several distribution systems including Agbara-Ota in Ogun
state, the Aba Cluster in Abia State, and the Port Harcourt Cluster in
Rivers State. Today, SNG serves about 150 industrial and commercial
customers. Our gas distribution networks are capable of distributing
more than 150 million cubic feet of natural gas a day to over 300
industrial and commercial customers.
In 2021, SNG supplied more than 400 megawatts (MW) equivalent of
gas-generated power in Nigeria and completed the final phase of its
20km domestic gas pipeline expansion project in Abia State,
connecting Agbor Hill, Osisioma, and Ariaria industrial zones.
The project has also enabled the supply of pipeline gas to Ariaria
Market Energy Solutions Limited, the Independent Power Project
(IPP) consortium that provides electricity to the popular Ariaria
market in Abia State. Ariaria International Market is one of the
largest leather shoe-making and open stall markets in West Africa,
with over 37,000 shops and an estimated one million traders.
By the end of 2021, SNG had agreements in place with 165
customers across six states: Ogun, Abia, Rivers, Bayelsa, Oyo, and
Lagos. The agreements will enable the supply of reliable, lowercarbon
energy that drives industrialization, employs both the
skilled and unskilled local population, as well as directly improve
internally generated revenues in these states.
With gas, we are driving industrialization, providing employment,
and improving internally generated revenues in the states where
we operate.
TER: Nigeria's gas potential is yet to be fully explored. According
to a report, gas development in the country stands at about 25%
of the proven reserves. There are opportunities along the entire
upstream, midstream, and downstream value chain in the
Nigerian gas sector. How is SNG working with government and
industry stakeholders to accelerate domestic gas utilization incountry?
04
THE ENERGY REPUBLIC I SPECIAL EDITION

SHELL INTERVIEW
Ubong: Shell Nigeria Gas continues to
collaboratively assess different potential
solutions to help unlock value in this area
and accelerate the growth of the domestic
gas market; further deepening local content
and unlocking Nigeria’s economic
development.
In 2021, SNG signed a 20-year agreement for
the domestic distribution of gas to industrial
customers and manufacturing plants in
Lagos and Ogun States. The new deal with
the Nigerian Gas Marketing Company
(NGMC) will also enable SNG to extend its
distribution network to Badagry to serve a
new market in the community that borders
the Republic of Benin.
Shell Nigeria Gas pioneered the Strategic
Partnership with Alternative Gas Delivery
Technology Players in 4 states to reach offgrid
frontier customers ahead of
infrastructure development in those areas.
We pride ourselves on such collaborations
which have resulted in reductions in
emissions from the use of liquid fuels such
as diesel and the Low Pour Fuel Oil (LPFO).
We have also partnered with the Ogun
Guangdong Free Trade Zone (OGFTZ), the
first FTZ with full natural gas infrastructure
in Nigeria. SNG currently supplies gas to
three customers in the zone: Goodwill
Ceramics, Greenpower Utilities, and CNG
Glass Limited.
CNG Glass Nigeria FTZ, one of SNG's
customers in the zone, is the first float glass
manufacturing plant. This plant aims to
meet the rising infrastructure-driven
domestic demand to diversify the Nigerian
economy.
The plant will have a capacity of 500 tonnes
per day and will produce tinted and solar
control coated glass. 80% of the production
will be sold locally and the balance will be
exported to other countries in West Africa.
TER: What other areas is SNG looking to
explore in expanding its distribution
network in Nigeria?
Ubong: Despite the required portfolio
actions in line with Shell’s Powering Progress
Strategy, Nigeria remains core for Shell, and
we will continue our investments in deepwater
and gas. Gas-to-industry is an area we
want to deepen, as we have seen that
industrial clusters allow communities to
flourish, developing economic activities like
trading and manufacturing. This is a
Standing from L-R: ED Ubong, Managing Director of Shell Nigeria Gas (SNG),
and Osagie Okunbor, Managing Director of SPDC and Chairman of
Shell Companies in Nigeria
sustainable ecosystem that spurs
development and employment.
At the same time, gas is more resistant
to theft and sabotage, which has been
one of the major concerns surrounding
oil pipelines.
Shell Nigeria gas is looking at the
Ajaokuta-Kaduna-Kano (AKK) pipeline
project as an opportunity to target
Northern Nigeria. This region has a
h u g e p o p u l a t i o n a n d m a j o r
manufacturing potential. The AKK
pipeline will be extensive and someone
needs to build local distribution
networks that will take gas to the
various industrial areas. That is where
we could come into play.
We are also building clusters in Bayelsa
State and Oyo State. We plan to grow by
getting as much gas as possible to
power industries and manufacturing
plants and to support Nigeria’s Decade
of Gas.
SNG signed a Memorandum of
Understanding (MoU) with the Oyo
State Government for the acceleration
of domestic gas infrastructure
development to enable the distribution
of cleaner and more reliable energy to
industries in Oyo State and has also begun
building a large gas processing plant in the
city of Aba, Abia State.
Agbara-Ota is the cluster with the highest
industrial density in the country. In
January 2021, we signed a 20-year
agreement that allows us to continue
providing gas to industrial and
manufacturing companies in Lagos and
Ogun states. This is a long-term testament
to our confidence and commitment. We
invest in the region, build the required
infrastructure, and partner with the
government to ensure that we continue
to deliver gas reliably to the more than
100 industries in this zone. This is a winwin
equation in which they pay for gas
and we continue to supply them with a
cleaner source of energy over the next 20
years.
TER: With the Federal Government's
adoption of gas as the country's
transition fuel, what's SNG's business
model to contribute to developing a
credible gas-powered economy in
Nigeria?
Ubong: Today, SNG operates under the
Shell Energy brand… a business line
established in Nigeria in 2021 to expand
05
THE ENERGY REPUBLIC I SPECIAL EDITION

SHELL INTERVIEW
natural gas marketing and sales.
Consolidating SNG’s successes achieved in
previous years and inline with the federal
government’s “Decade of Gas” initiative.
Shell Energy Nigeria’s focus is to deliver gasbased
energy solutions to diverse
businesses across the country by bringing to
Nigeria, the resources and competence of
our global gas, power, and environmental
products marketing and trading business.
Shell Energy Nigeria will focus on gas, power,
and energy solutions for industrial and
commercial customers. SEN’s ambition is to
distribute 1 billion cubic feet of gas in the
domestic market by 2030.
TER: At SNG, are there plans or ongoing
p r o j e c t s o n C N G , L P G , A u t o g a s
development, and retrofitting some of
your company's current fleet from PMS to
gas-powered vehicles?
Ubong: Indeed, we have a pilot project
underway where we retrofitted an
operational vehicle with a dual fuel CNG
combustion system that can run on 100%
CNG or PMS. This pilot project is the first of
its kind in Shell Nigeria. It involved using a
c h e a p e r, s a fe r, c l e a n e r, & m o re
environmentally friendly fuel that will result
in the reduction of GHG emissions, as well as
a reduction in fuel, maintenance, and
operations, cost associated with SNG’s
Operations. Once the pilot test is
completed, SNG plans to extend the
opportunity to other vehicles in SNG’s fleet.
This initiative contributes to SNG’s CO2
emissions abatement strategy by reducing
GHG emissions associated with its
operational footprint by replacing
PMS/AGO fuel with CNG. Consequently, this
initiative contributes positively to the GHG
reduction strategy and has a very significant
positive impact on the environment.
TER: It is estimated that Nigeria needs
about $40 billion of direct investments to
achieve the target of the 'Decade of Gas'
initiative. What do you think the country
can do to attract this level of investment?
Ubong: The growing demand for gas in the
Nigerian domestic sector and the
international market translates to
significant reserves and production capacity
development requirements. Reviewing the
regulatory environment and promoting
investor and business-friendly policies are
crucial to attracting investment for the
energy transition.
Experience from other emerging
markets shows the potential of an
enabling policy environment to
accelerate the deployment of new
energy infrastructure.
Mechanisms, such as smart subsidies
for cleaner energy, may be needed to
ensure the affordability of energy
supply for the economically vulnerable
sections of the population. It will
encourage more interest and
participation by industry players in
exploring the untapped opportunities
in the gas industry.
It is also important to promote local
procurement in new projects so that
local industries can flourish. Duty
exemptions and tax incentives can be
part of policies to promote cleaner
energy solutions such as gas.
There are several challenges that we
need to overcome to successfully
liberate the domestic gas market and
attract investments. A few key ones are:
Unpaid deliveries for power and gas -
One of the challenges is to clear the
backlog of deliveries of both power and
gas to customers that have not been
paid for. Without the payment of
outstanding gas and power invoice
arrears, and securitization of current
and future revenues, operators are
reluctant to commit additional
investments to grow the domestic gas
supply.
Investment to develop infrastructure -
Another challenge is the need to attract
ED Ubong
i nvestment to f u r t h e r d e velop
infrastructure along the gas value chain,
for example, to create a more robust
pipeline network to improve reliability
and security of supply. The reliability of
the existing power transmission also
needs improvement.
For example, SPDC JV’s Afam VI power
plant, which has the capacity to generate
up to 650 MW, only generates between
350-450 MW most of the time because
the power transmission system is unable
to evacuate the full output.
Sustainable upstream supply- upstream
supply development needs to be
incentivized at a level that recognizes
Nigeria’s huge low-cost resource base
while still supporting investment over the
long term. Shell is assessing different
potential solutions to help unlock value in
this area and accelerate the growth of the
domestic gas market; further unlocking
Nigeria’s economic development.
Encourage Local manufacturing with gas
as feedstock/raw material - Businesses
such as petrochemical companies that
use natural gas as a feedstock offer a large
capacity to employ and use significant
volumes. We must encourage local
manufacturing to drive demand for
businesses such as the petrochemical
companies that use natural gas as a
feedstock and offer a large capacity to
employ and use significant volumes.
The legal, regulatory framework, and
security- Finally, ensuring a conducive
business environment is essential to
attracting investments and running
06
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA SHELL INTERVIEW
OIL AND GAS
This reliable spirit operations. was on display This includes at the respect 5th GECF for
Summit the sanctity of Heads of of existing State and contracts, Government and in
predictable Equatorial Guinea regulatory, in November commercial, 2019 – a firstof-its-kind
framework event in Africa across – where the the country. GECF’s
and
legal
Overcoming
highest leadership
security
reiterated
challenges
the crucial
in the
role
Niger
of
natural gas in Africa’s uplift and resolved their
Delta has experienced an increased risk to
common determination to “promote the GECF
personnel and property as well as the
cooperation with African countries to use gas as
disruption the core source to of operations energy in their is development also very
important.
programmes and climate change policies, to
o vercome e n e rg y p o verty, e n h a n c e
TER: development In terms and to of mitigate gas, creating CO2 emissions”. the link
between the gas producer and the market
has That been same a year, problem Africa gained Nigeria. a new What's elevation your in
the perspective world of on energy strategies the and Russia-Africa policy
Summit, implementation held in October in 2019 unlocking Sochi, Russia, new
opportunities and co-hosted to by strengthen Russian President Public-Private Vladimir
Partnerships
Putin and Egyptian
(PPP)
President
going forward?
Abdel Fattah el-
Sisi, with the attendance of 43 heads of state or
government. At this landmark event, much
Ubong: Policies must be fit for purpose;
emphasis was laid on the sovereign rights of
countries while learning to harness from their policy natural development resources,
such across as natural the world, gas, for there advancement must be of a
their recognition societies. of After the all, Africa peculiarities is bestowed of with the
Nigerian a rich array context of minerals both and in setting the people policy of and the
driving continent its must implementation. have an equal shot Policies at social must and
provide personal prosperity. mitigation for potential short-term
negative impacts while still laying the
groundwork Yet, as the world for long-term is progressing success. to increase
energy access and fulfil the UN Sustainable
Phased
Development
approach:
Goal (SDG)
with
#7,
the
to ensure
challenges
access to
in
affordable, reliable, sustainable and modern
infrastructure, funding, security, and
energy for all, there is still an estimated 548
capacity, policy implementation must be
million people in sub-Saharan Africa, or 53% of
phased the population in their without approach. access This to electricity, approach
enables according to the the United quick Nations. wins Further, that create nearly
momentum 789 million Africans for long-term currently have delivery. no access It also to
helps clean cooking.
aligning and gaining support from
multiple, complex and varied stakeholders.
In my participation at the recently-held ‘The
The Decade PIA of has Gas’ provided Conference a (29 stable March), regulatory where I
framework joined Nigeria’s for both President the and domestic the State and
export Minister gas for market Petroleum in Nigeria. Resources With the HE
recognition
Muhammadu
of
Buhari
gas as a
and
transition
HE Timpire
fuel by
Sylva,
the
along with global energy leaders, I had
EU and the growing demand for gas, Nigeria
emphasised that these communities deserve
is well placed to exploit the opportunity to
access to affordable, reliable, and sustainable
modern fill this gas, energy, especially such as over natural the gas, next to decade. become
part of the global movement to eradicate
energy As much poverty. as renewable energy is reshaping
energy consumption globally, oil and gas
remain To mobilise a very its members’ important strength drive for to the meet world this
economy. most urgent The issue success facing Africa, of the last Petroleum December
Industry the GECF is entered and will into always an MoU be dependent with UNESCO on
the with legal the singular provisions, goal governance, of researching timely and
developing regulations, technologies and fiscal framework. and mechanisms that
will enable Africa to unlock its energy potential,
while safeguarding the global environmental
TER: As a gas producer and President of the
ambitions.
Nigerian Gas Association (NGA), what
should Working government from our Secretariat do, in partnership in Doha, Qatar, with we
industry are also working stakeholders directly with and representatives players in of
developing several countries a credible from Africa. gas-powered The GECF
economy regularly engages in Nigeria? with
Ubong: The declaration of 2021-2030 as the
“Decade of Gas” is the realization by the
Nigerian Government that Nigeria is,
ED Ubong at World Gas Conference in May with the outgoing President of the
Interna onal Gas Union Dr Joe Kang
indeed, a gas nation whose gas
production and consumption need to
be
ambassadors
accelerated.
and members of
diplomatic missions from Africa, who
represent around 20 countries from the
For me, I believe the most important
African continent. The Forum has also
hosted
indicator
an ‘African
of success
Ambassadors
for the
Group’
average
– a
day-long Nigerian conference citizen will dedicated be a to reliable energy
electricity/power in Africa. supply. Currently, 85
million Nigerians do not have access to
grid This enthusiasm electricity, and therefore belief in we Africa’s must
unlock energy potential the challenges are not in unfounded the gas-topower
without value merit. chain Projections to improve from access the latest to
or
energy available for iteration Nigerians. of the GECF’s Global Gas
Outlook 2050 show that Africa will witness
This
the highest
will require
growth
pragmatic
rate of natural
steps
gas
to
among all regions of the world, at nearly
address structural issues across the ongrid
value chain ranging from
150% up to 2050. Countries such as
Senegal and Mauritania in Africa stand on
i
the
n t
precipice
e r r u p t i
of
o
the
n s
league
i n g
of
a
gas
s s
exporters
u p p l y,
transmission in the short term, grid while losses Mozambique and outages, and
inadequate Tanzania are expected metering to become infrastructure, natural
and gas exporters illegal connections.
in the long term.
The In the NGA short term is working too, the GECF’s with first its
stakeholders Annual Short-Term to accelerate Gas Market gas Report sector
development (2020) shows, across Africa seven boasts thematic several
areas: promising unlocking growth factors, the domestic such as gas in the to
power
area of power
value
generation,
chain; accelerating
transport
through natural gas vehicles (NGVs), and
infrastructure development including
investments.
virtual pipelines; driving gas-based
industrialization;
The GECF is working
deepening
to foster
domestic
stronger
LPG partnerships penetration, with other building Africa-based a stable
regulatory organisations environment such as AFREC, anchored APPO, on and a
willing the Africa buyer-willing Energy Chamber seller (AEC). pricing To give
regime; you an idea growing of the pace the of development export and in
regional the gas industry gas market, in Africa, building Mozambique local
capacity/content alone took FID 3.3 for million contractors tonnes and per
professionals annum (mtpa) in in the 2017 gas sector. followed by a
further 13 mtpa in 2019. The first project is
These
expected
seven
to be
thematic
commissioned
areas
in
are
2022,
critical
and
the second one will enable LNG flows
to realizing the objectives of the
‘Decade of Gas’ and need to be pulled
together in a Nigeria Decade of Gas
Masterplan (NDGMP) that provides a
roadmap that allows Nigeria to utilize its
huge
from Mozambique
gas resources
to
for
the
its
world
socio-economic
by 2024-25.
growth in developing a credible gaspowered
economy.
Additionally, there are more than 74 million
mt/year of LNG export capacity to be
approved in the Sub Saharan region by 2030,
We provided a re that collaborating all the conditions are w imet t h if t hwe
e
government view it in the context and its of industry the African partners Coalition to
unlock for Trade the and potential Investment in the in Natural gas value Gas. chain
and create an enabling environment for
the At the Nigerian same time, gas sector new market to thrive. players This will are
yield rising a with myriad the discovery of economic of huge opportunities.
gas reserves
in Tanzania, Gabon, Mauritania, Congo,
Senegal, Harnessing and our Cameroon vast gas resources that are likely is key to
support
the development
an ambitious
of the
gas
country.
master-plan
Natural
for
domestic consumption as well as LNG
gas gives us the ability to lift millions out
exports.
of energy poverty, giving people the
I
power
believe
to
our
improve
multi-faceted
their
efforts
physical
are
health,
bearing
fruit well-being, and this and was standard evidenced of at living. the last GECF
Ministerial Meeting, held in November 2020.
The It also 22nd gives GECF us a Ministerial pathway to Meeting economic was
hosted growth (virtually) and development, by Algeria and welcomed not only
the through participation direct exploration of ministers and trading and top of
authorities gas resources from but several by providing guest reliable African
countries power supply who delivered for the manufacturing their key messages and
on industrial the energy sectors sector which and are gas the market major in
particular,
g rowth e
including
n g i n e s
from
fo r d
Mozambique,
eveloping
Tanzania, Tunisia, and Senegal.
economies.
OGR: GECF and UNESCO have signed an
MOU
TER: How
on climate
is SNG leveraging
change. What
on Nigerian
is GECF
planning Content for and Africa? building capacities through
gas development?
Sentyurin: The GECF serves as a platform for
the Ubong: science-policy Shell Nigeria interface, Gas Limited underpinning (SNG) is
the importance only Nigerian of the exchange subsidiary of scientific of an
knowledge, international experience, oil company and in dissemination
domestic gas
of distribution information and through it is 100% research Shell and share.
Shell Companies in Nigeria contribute to
economic growth in Nigeria by generating
revenue for the government through
taxes, creating employment
07 26
OIL THE AND ENERGY GAS REPUBLIC I I SPECIAL EDITION

NIGERIA SHELL INTERVIEW
OIL AND GAS
ED Ubong Courtesy Visit and Award Presenta on to H.E Timipre Sylva, Nigeria Minister of State for Petroleum Resources
opportunities, and contributing to the
development of local businesses.
In 2021, Shell Companies in Nigeria directly
employed 2,500 people, 97% of whom
were Nigerian nationals. More than 8,500
contractors supported our operations
during the year.
Shell Companies in Nigeria awarded
contracts worth $800 million (the same as
in 2020) to Nigerian-registered companies,
of which 92% was to companies where the
Nigerian ownership was at least 51%.
At Shell Nigeria Gas, all our contracts for the
past 3years have been awarded to Nigerian
Contractors. In 2019, 98% of Shell
Companies in Nigeria’s contracts worth
$1.1 billion were awarded to Nigerian
companies. These include the manufacture
of tools and technical kits, the operation of
helicopter flights in the Niger Delta, and
strategic partnerships between foreign and
local companies to stimulate technology
transfer and capacity development.
Shell is investing in a gas portfolio that will
increase supply for Nigeria’s growing
industrial and commercial sectors, as well
as to international customers via an expanding network of plants, pipelines, and export
terminals. At Shell, we recognize that local content is key to surviving a post-covid world and
Shell will continue to invest in this space. We remain committed to building capacity and
competence in the country and to investing funds that enable more Nigerians to participate
directly or indirectly in the gas value chain and support the local economy.
The Nigerian Gas Association is also focused on building human capacity and developing
talent to move this industry forward. As we look forward to developing a gas-based economy
in Nigeria, one of the NGA’s priorities is ensuring that we have skilled and competent
individuals to lead and accelerate this transition. The skillsets required in oil production and
gas production/distribution are quite different so the NGA is looking at how we can retool
the seasoned oil professionals for gas sector delivery.
In this vein, we are seeking to collaborate with various stakeholders to deliver training
programs that will build the required technical skillset for gas sector development. We are
confident that most of the talent required for this transition to a gas-based economy, will
come from Nigeria.
TER: What's SNG's new investment focus in 2022 and beyond?
Ubong: Gas-to-industry and power is an area we want to deepen, as we have seen that
industrial clusters allow communities to flourish, developing economic activities like trading
and manufacturing. This is a sustainable ecosystem that spurs development and
employment. At the same time, gas is more resistant to theft and sabotage, which has been
one of the major concerns surrounding oil pipelines.
SNG will continue to make domestic infrastructure investments under the right commercial
conditions and birth domestic gas projects that will be major game-changers in Nigeria’s
quest for cleaner energy sufficiency, industrialization, and economic growth in supporting
the manufacturing and industrial sector.
04 08
THE ENERGY REPUBLIC I SPECIAL EDITION

14-16 FEBRUARY 2023

SAIPEC SPECIAL REPORT
PETAN Expands African Local
Content Agenda For SAIPEC
2023
...announces new dates for SAIPEC 2023
By Ndubuisi Micheal Obineme
The Petroleum Technology Association of Nigeria (PETAN) has
taken bold steps in expanding the African local content agenda to
maximize cross-border collaboration in the upstream,
midstream, and downstream sectors.
The move is a part of efforts geared towards unlocking new
opportunities for the upcoming Sub-Saharan Africa Petroleum
Exhibition and Conference (SAIPEC) taking place on 14 - 16 February
2023 in Lagos.
The importance of local content in Africa has been a major talking point
at SAIPEC and PETAN. It is also of great interest to the Nigerian Content
Development and Monitoring Board (NCDMB), other government
representatives, as well as industry stakeholders from Nigeria, Uganda,
Kenya, Gambia, Namibia, Sierra Leone, Angola, Mozambique, Tanzania,
Somaliland, Gabon, Ghana and Mauritania as conversations centred on
achieving sustainable economic growth and development of the African
Continental Free Trade Area (AfCFTA) are ongoing.
SAIPEC, being hosted by PETAN, is a multilateral platform showcasing the
Sub-Saharan Africa oil and gas potentials and project opportunities. It
plays a key role in charting the pathway to developing the Continent’s
untapped energy, oil, and gas resources, representing more than 15
NOCs, governments, and regulators, with over 5,000 delegates drawn
from 41 countries, including government parastatals, exhibitors, and
speakers.
“Sub-Sahara Africa is said to be the last energy frontier and global hub,
noting that the key enabler is to create a collaborative ecosystem
between the local industry stakeholders within the Sub-region alongside
the Africa continental free trade Area (AfCFTA),” Mr. Nicolas Odinuwe,
PETAN Chairman, said during the 2022 SAIPEC.
“The value chain in the oil, gas and energy industry is such that if properly
harnessed, will transform the economy of the entire continent. The
challenge has been an enabling environment to create a private sectorled
industry.
About PETAN’s SAIPEC Opportunities:
Ø SAIPEC attracts NOCs, IOCs, EPC contractors,
service companies, technology providers and the
whole oil and gas value chain .
Ø Over 3500 attendees participated in total, from
36 countries, including 20 National Oil Companies
from Mozambique, Nigeria, Côte d'Ivoire, Senegal,
Uganda, Angola, Cameroon, Ghana, Liberia,
Equatorial Guinea and Gambia.Ø Indigenous
Capacity Development for Future Energy Demands.
Ø SAIPEC 2023 will offer direct access to the
primary stakeholders and key players across the
entire Sub-Saharan Africa supply and value chains.
Ø SAIPEC 2023 is projected to attract more than
200 exhibiting companies and 6,000 visiting
professionals from across Sub Saharan Africa,
Europe, Americas and Asia..
Ø SAIPEC provides your company with the
opportunity to place your marketing and branding
directly in front of 6,000+ industry professionals,
enabling you to secure new business, service your
existing clients and engage in industry dialogue
“
Mr. Nicolas Odinuwe, PETAN Chairman
Governments across Africa,
especially the Oil and gasproducing
sub-Saharan countries,
should provide necessary
incentives to attract privatesector
investments across the
entire value chain.
“This will trigger a massive economic revolution, human
capital development and deepen local content across Africa”.
The Africa Continental Free Trade Area is an exciting
opportunity in the Continent. AfCFTA, the largest global free
trade area, aims to be a model of cross-border cooperation in
an era of growing isolationism.
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PETAN Execu ves, Chairman, Mr. Nicolas Nik Odinuwe and Vice Chairman, Mr. Ran Omole paid a
courtesy visit on the Na onal Petroleum Ins tute, INP, Mozambique, as part of PETAN's efforts to
deepen Local Content in Africa
It is projected to lift around 68 million
people out of poverty and make African
countries more competitive.
According to a report, Africa accounts for
just 2% of global trade. And only 17% of
African exports are intra-continental,
compared with 59% for Asia and 68% for
Europe. The potential for transformation
across Africa is therefore significant. The
AfCFTA will create the largest free trade
area in the world measured by the
number of countries participating.
Connecting 1.3 billion people across 55
countries with a combined gross
domestic product (GDP) valued at $3.4
trillion.
In another report, the United Nations
Economic Commission for Africa
(UNECA) predicted that the AfCFTA will
raise intra-African trade by 15 to 25
percent, which is $50 billion to $70
billion, by 2040, compared to an Africa
without the AfCFTA.
However, the implementation of the
Africa Continental Free Trade Area will
allow Africa to increase local content
initiatives, expand economic activity and
drive local capacity for the development
of Africa’s hydrocarbon resources.
Leading the African local content agenda,
PETAN, the largest and leading
indigenous advocacy group representing
the Nigerian oil and gas service
companies with membership across the
entire value chain is forging partnerships
across Africa to stimulate a privatesector
led industry that will catalyse the
growth and development of the
Continent through local content
development.
PETAN is working extensively with the
SAIPEC member countries to increase
Intra-African trade under the African
Continental Free Trade Area, and working
closely with the Global Event Partners, the
event organizer, to develop a stronger
platform for SAIPEC’s subsequent edition.
Recently, PETAN partnered with the
Mozambican Local Content Association
(ACLM), and the Association of Tanzania Oil
and Gas Service Providers (ATOGS) to deepen
and promote local content opportunities for
the benefit of both countries through sharing
of experiences, capabilities, expertise, and
technical engineering solutions. It will also
enhance collaboration on joint venture
bidding and financing for projects whilst
exploring business opportunities available in
the oil and gas sector, and training and
capacity-building programs for indigenous
operators across the oil and gas value chain.
Speaking on this development, PETAN
Chairman, Nicolas Odinuwe commented,
“Private sector must lead in the oil and gas
industry. Politics and investment usually don’t
go together. The government is supposed to
provide an enabling environment. The
industry is wide with a lot of linkages attached
to it and it involves all sectors of the economy.
I believe that if the government will work with
the Association, we will be able to get a lot of
mileage to develop competencies and
capacities.
“With indigenous capacity and competence,
local participation will ensure seamlessly.
Opportunities will trigger capacities,
competencies, and innovation. Partnerships,
research, and development, and access to
markets, finance, and capital are also vital for
local content development. Stakeholders
must form collaborations to catalyse growth
and development.
“The process of developing local content is
beneficial in the long run, as it will address
challenges such as touting, capital flight, and
improve in-country value retention,
domiciliation, and domestication.
“
Indigenous suppliers or
service providers must
develop a culture of
reliability and competence.
As the focal point of the
local content drive and
private sector
representatives, we must
be the pedestal to the
growth and progress of
the business ecosystem
that drives opportunities
for SMEs and linkage
sectors of our economies.
“Local participation doesn’t just happen.
There must be deliberate policy by the
government to promote participation and the
necessary enablers must be put in place for it
to thrive.
“In Nigeria, PETAN partnered with the
government to form our Local Content Law,
and today, we have our Local Content
regulatory body, the Nigerian Content
Development and Monitoring Board,
NCDMB, which has been doing wonderfully
and on who’s Board PETAN has a spot as a
Council Member.
“With PETAN’s experience as the leading
association of professional indigenous
technical oilfield service companies in the
upstream, midstream, and downstream
sectors of the oil and gas industry in Nigeria,
as well as the leading representative advocacy
group, PETAN is ready to offer support and
mentorship to achieve its objectives”.
SAIPEC will return to the Eko Convention
Centre from 20-23 February 2023 for its 7th
edition, as the only oil and gas event held in
partnership with the entire Sub-Saharan
African petroleum industry. The 3-day
flagship international energy conference is
being hosted by PETAN, an association of
leading Nigerian Indigenous Technical Oilfield
service companies in the upstream,
midstream, and downstream sectors of the
Nigerian Oil and gas industry, with the active
support from the Nigerian Content
Development and Monitoring Board
(NCDMB)
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SSA Driving Africa's Oil and Gas Project
Opportunities, Investments
By Ndubuisi Micheal Obineme
Sub-Saharan Africa has for decades
been a cornerstone for oil and gas
p r o j e c t o p p o r t u n i t i e s a n d
investments and is the largest contributor
to the continent’s hydrocarbon future.
Regarded as one of the final global frontier
regions for oil and gas exploration, it’s no
secret that Sub-Saharan Africa is the driving
force for Africa's oil and gas industry.
By February 2023, industry stakeholders
and players will convene for the Sub-
Saharan Africa International Petroleum
Exhibition and Conference (SAIPEC) 2022 to
discuss and explore the abundance of
hydrocarbon resources in the region.
At this year's SAIPEC event, some major
African oil and gas producers are seeking
strategic partners and investors to develop
the oil and gas industry in their countries.
This is as the continent works towards
addressing energy poverty, unemployment,
poor electricity supply challenges, and
building a stronger economy through the
harnessing of the continent’s God-giving
hydrocarbon resources
In their presentations at the Conference,
Chief Operating Officer, Uganda National Oil
Company (UNOC), Philips Obita; Chief
Executive Officer, National Oil Corporation
of Kenya, Leparan Ole Morintat; Managing
Director, Gambia National Petroleum
Corporation, Yaya Barrow; Director-General
Technical Advisor, Societe Mauritanienne,
Cheikh Brahim Haiballa; and Exploration
Director, PETROSEN, Senegal, Joseph
Medou, listed opportunities that exist in the
various countries.
downstream, midstream, and upstream
sub-sectors of the oil and gas industry in
their
Nigeria and 16 other African countries have
about 125.8 billion crude oil reserves and
over 500 trillion cubic feet of proven gas
reserves. However, data released in
November 2021 by Statista, an online portal
that provides data on economies, industrial
sectors, and markets in over 50 countries,
showed that the reserves of the 17 African
countries were depleted by about 500
million barrels in 2021, due to underinvestment
in the continent's oil and gas
infrastructure.
Despite the current challenges concerning
investment in the continent’s oil and gas
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SAIPEC SPECIAL REPORT
industry, most of the continent’s
producers are creating enabling
investment environment for investors.
For instance, Uganda, Tanzania,
TotalEnergies, and CNOOC in April
2021, signed agreements that will
kickstart the construction of a $3.5
billion crude pipeline to help ship crude
from fields in the western part of the
country to international markets.
According to the Petroleum Authority
of Uganda, the signing unlocks new
investment into Uganda's economy,
which includes the implementation of
the Tilenga Project (approx.$4billion),
a n d t h e K i n g f i s h e r P r o j e c t
(approx.$1.5billion); and, the EACOP
(approx. $3.6bn).
In Kenya, the country discovered oil and
gas in South Lokichar, Turkana-Kenya in
2012, and is currently in the exploration
phase in all its oil blocks. Opportunities
currently exist in the drilling and well
services, drilling equipment hire, and
seismic services in the county’s oil and
gas industry.
Furthermore, The Gambia has been
investing in infrastructure to drive its oil
and gas industry. Large-scale oil and gas
discoveries have also been made
between 2014 and 2017 in neighboring
countries like Senegal and Mauritania.
Senegal has oil and gas reserves of over
1 billion barrels located offshore
between Senegal and Mauritania.
Between 2014-2017 over 40 billion
cubic feet of natural gas were
discovered in the area.
With this in mind and over 50 trillion
cubic feet (tcf) of gas already
discovered in the region, here are the
top eight oil and gas mega-discoveries
of the past five years to watch:
Senegal: Yakaar-Teranga Discovery
A bp-Kosmos joint venture discovered
20 tcf of natural gas in the Yakaar-
Teranga development, located in the
Cayer Profond deep water offshore
block in Senegal at 3,000 meters depth.
Final Investment Decision (FID) is
expected by the end of the year with
production tentatively slated for 2024
following the 2017 discovery, initially
capped at 150 million cubic feet per
day.
Mauritania: Orca Discovery
Also owing to bp and Kosmos’ partnership,
the Orca discovery made in 2019 revealed
13 tcf of natural gas at 2,500 meters depth in
Mauritania’s C-8 offshore block. A
testament to bp’s 100% discovery drilling
success rate in Senegal and Mauritania,
Orca’s FID waits on Greater Tortue Ahmeyim
and Yakaar’s.
Ivory Coast: Baleine Discovery
Discovered in Eni’s first ever Ivory Coast
prospect well, CI101 Block’s Baleine holds
two billion barrels of light oil and 2.4 tcf of
gas at 1,200 meters depth, 60km offshore.
Early production is expected by Q4 2023 –
the first net zero emission project for the
industry.
Ghana: Afina Discovery
G h a n a i a n f i r m S p r i n g f i e l d E n e rg y
announced the Afina discovery in 2019,
with the prospect of holding up to 650
billion barrels of crude and 0.7 tcf of gas,
discovered in the West Cape Three Points
Block 2 in November 2019. Production waits
for the green light from the federal
government.
Angola: Agogo Discovery
Agogo is a deep-water oil and gas field
currently being developed by Eni’s joint
venture with Sonangol and SSI Fifteen.
Agogo sits at 1,700 meters depth, 180km off
Angola’s coast with one billion barrels of
light oil in production at 20,000 barrels per
day (BPD). It was discovered in March 2019
and is located in Block 15/06.
Angola: Ndungu Discovery
P ro d u c t o f t h e s a m e A n golan E n i
consortium, Ndungu holds 800 million to
one billion barrels, located 130km offshore
Angola and sharing Agogo’s block.
Production started in February 2022 via the
100,000 BPD Ngoma Floating Production
Storage and Offloading vessel, with a
second producer well coming online by the
fourth quarter of this year.
Ghana: Nyankom Discovery
AGM Petroleum made an oil discovery in its
South Deepwater Tano (SDWT) block
offshore Ghana. Dubbed the Nyankom
discovery, the find boasts 127 million
barrels of proven oil reserves with an
estimated 400-650 million more in its
immediate surrounds. Currently, the Ghana
National Petroleum Company is moving to
acquire 70% in Nyankom’s SDWT Block and
a 37% share in the CTP Block holding the
Afina discovery.
Gabon: Ivela Discovery
In 2018, Spain’s Repsol and Australia’s
Woodside made a sizeable discovery in the
Ivela-1 exploration well, located in the Luba
Muetse block, offshore Gabon. According to
the companies, the rig encountered a 78-
meter column of crude oil. A partnership
with seismic surveyor Spectrum is assisting
in mapping the field pre-production.
SAIPEC is hosted by the Petroleum
Technology Association of Nigeria (PETAN),
a leading organization that represents
oilfield services and technology companies
operating across upstream through to
downstream projects. PETAN is a leader in
the promotion of innovative engineering
and creative solutions, that help advance
the petroleum industry both nationally and
regionally.
Year on year, SAIPEC continues to address
the needs of companies seeking to
showcase their innovative solutions and
new technologies, and to support the
development of major new businesses and
partnerships to benefit Sub-Saharan Africa’s
petroleum economy.
SAIPEC's content and proceedings are
driven by an esteemed steering committee
and speakers, representing a cross-section
of key stakeholders and the most senior
representatives from the Sub Saharan Africa
oil and gas industry, delivering high-level
strategic sessions and discussions on gamechanging
solutions, combined with an
international exhibition.
SAIPEC 2022's world-class conference
featured 85 industry leaders and global
experts on an insightful programme which
was held alongside the sold-out exhibition
with over 100 companies showcasing their
products and services and generating
meetings with thousands of invested
industry professionals.Over 3500 attendees
participated in total, from 36 countries,
including 20 National Oil Companies from
Mozambique, Nigeria, Côte d'Ivoire,
Senegal, Uganda, Angola, Cameroon,
Ghana, Liberia, Equatorial Guinea and
Gambia.
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AFRICAN ENERGY STORIES
NJ Ayuk: Africa Needs to Industrialize as Europe
Decarbonize
By Ndubuisi Micheal Obineme
While western nations are gradually
moving away from hydrocarbon
exploration and production (E&P) to
renewable energies as part of their
decarbonization strategy, Africa remains a
continent struggling with energy poverty
and the continent's socio-economic
development is powered by the utilization
of its abundant oil and gas resources.
NJ Ayuk, Executive Chairman of the African
Energy Chamber has affirmed that Africa
needs its oil and gas resources for
i n d u s t r i a l i z a t i o n , w h i l e E u r o p e
decarbonizes its energy systems.
Perhaps, report shows that countries in the
EU are also responsible for approximately
18% of global carbon dioxide emissions
produced since the industrial revolution
began. In the third quarter of 2021 alone,
the EU’s greenhouse gas emissions totaled
881 million tons of CO² equivalent.
More so, Africa holds some of the world’s
largest oil and gas reserves – estimated at
125.3 billion barrels of crude oil, and 620
trillion cubic feet of gas. Despite these
abundant resources, Africa’s development
has been slow, largely due to natural
resource exports, refined product imports,
the lack of adequate infrastructure, and the
lack of adequate investment and
reinvestment in key sectors.
However, NJ Ayuk made a strong case for
Africa at the Eurafrican Forum 2022 held in
Portugal recently - highlighting the need to
alleviate energy poverty in Africa through
the utilization of the Continent's oil and gas
resources.
He said, "Europe needs to decarbonize and
Africa needs to industrialize. And if you have
to go from there, then you have to ask
yourself, how can we achieve it?
"The oil and gas industry has been so
demonized but I think it's the most beautiful
industry in the world. It has driven human
civilization and it still has a lot of growth
potential, especially in the African
continent.
"They want the oil and gas industry to go
away but we don't believe that in Africa. We
believe gas still has a future and we need to
15
The Execu ve Chairman of African Energy Chamber, NJ Ayk Speaking in a panel session at the
EUAfrican Forum 2022 held on in Portugal.
drive more gas because it's the cleanest
form of fossil fuel.
"Africa needs its oil and gas to grow.
Wealthy nations have industrialized
through the increased use of fossil fuels.
They experienced amazing growth in
economic prosperity. Increased life
expectancy, cleaner air, cleaner water,
decreased malnutrition, fewer deaths from
infectious disease, and fewer climaterelated
deaths. Africans should not be
denied that".
Africa holds over 600 trillion cubic feet (tcf)
of proven gas reserves and accounts for 7.1
percent of the global gas reserves as of
2019, according to a Deloitte report. The
Continent is gradually turning into a big gas
market in the world and the development of
African gas resources can address its
electricity deficit, bring power to major
industries, unlock billions of dollars of
investment, generate long-term economic
g ro w t h , a n d c re ate e m p l o y m e nt
opportunities, including a major preferable
supplier of gas to European countries
among others.
Ayuk added, "At the same time, we need to
drive renewables at the same pace. While
you were producing gas, you need to give
Africa chance to transition itself and
monetize the gas for development and
industrialization," Ayuk explained. "How
can you tell us that we're going to
industrialize Africa if we can't use gas to
develop Ammonia, Fertilizer plants and also
use a lot of European technologies to do
that?
"Of course, we can bring in solar and other
renewables. Hydrogen has a big role to play.
The infrastructure we are building right now
when it comes to energy, we're bringing in
green hydrogen and investing in
infrastructure to replace gas in the next
generation."
At COP26 in Glasgow, the western nations,
including the United States and Canada
pledged to end foreign financing on oil and
gas projects to commit to reducing carbon
emissions, thereby compelling the scaling
down of equity investment in oil and gas
exploration and production in favor of
expanding their renewable energies
portfolio.
Following the energy crisis cuopled with the
Russia - Ukraine war, the European
Parliament approved a contentious EU rule
labeling investments in gas and nuclear
power plants as climate-friendly, throwing
out an attempt to block the law that has
exposed deep rifts between countries over
how to fight climate change. The new rules
will add gas and nuclear power plants to the
EU "taxonomy" rulebook from 2023,
enabling investors to label and market
investments in them as green.
Speaking on this at the Eurafrican panel
session, Ayuk said, "Let's be practical about
this. What did we do after COP26? After
COP26, we made these pledges that we're
going to cut down emissions and hold back
on oil and gas exploration and production.
Gas was seen as the worst fossil fuel.
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AFRICAN ENERGY STORIES
"What happened between January and
February? The EU started saying gas is green
because reality kicked in - energy security.
We need to use that to focus on how we
drive this debate moving forward.
"In January, Norway announced that they
are going to do 52 oil licenses and Germany
also invested more in driving exploration in
the North sea. The UK, for the first time in 30
years, said they will open up coal power
plants, and then Germany opened two new
coal power plants, as well as the United
States, opened up Federal Lands for drilling.
China, Russia, and India are laughing at us
because they are utilizing everything.
"When you turn around to Africa and you
say well right now, natural gas we see it in
the European "taxonomy" and we're not
going to finance it.
"We have big gas discoveries in Africa.
Mozambique can become the third
largest gas producer in the world. Right
now, TotalEnergies have made significant
oil and gas discoveries in Namibia,
including Senegal, Mauritania, and
Nigeria.
"Then you come back from Europe and
you say well, we need you to bring gas to
Europe. We need you to build a pipeline,
but we're not going to invest in
infrastructure.
"We need to sow so that we can reap in
the future for a sustainable world".
The African Energy Chamber is the voice
of the African energy sector fully
determined to improve the landscape of
the African energy sector, and explore the
continent’s full potential in a way where
the people benefit first.
Furthermore, the African Energy
Chamber will be hosting its second
edition of African Energy Week scheduled
to hold on 18th - 21st October 2022 in
Cape Town, South Africa.
African Energy Week (AEW) is the African
Energy Chamber’s annual event, uniting
African energy leaders, global investors,
and executives from across the public and
private sectors for four days of intense
dialogue on the future of the African
energy industry.
Join the African Energy Network
Be part of the African Energy transforma on. An exhibi on
and networking conference.
Established in 2021 to unite African energy stakeholders, drive
industry growth and development, and promote Africa as the
des na on for African-focused events.
AEW represents Africa’s official energy event where decisions
regarding the future of the continent’s natural resources will
be made. For more information, please visit www.aecweek.com
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AFRICAN ENERGY STORIES
Africa Must Move from PowerPoint Presentations
to Concrete Actions - Kyari
The Chairman of the meeting of CEOs
of APPO National Oil Companies
(NOCs) and Group CEO of the
Nigerian National Petroleum Company
(NNPC) Ltd has called on African Petroleum
Producing Countries to move from making
beautiful PowerPoint presentations to
taking concrete actions that will take the
continent out of energy poverty.
He made the call at the 2nd meeting of CEOs
of the NOCs in Abuja, Nigeria recently...
Giving more details, the meeting Chairman
stressed that Africa must opt for a synergy of
actions to meet the challenges posed by the
energy transition to its oil and gas industry.
He urged the meeting to strengthen and
integrate such regional initiatives as the
trans-Saharan pipeline project, the Central
Africa pipeline project (CAPS) and the West
African Gas Pipeline (WAGP) towards
meeting the challenges.
He further emphasized on the need to
create a financial institution as soon as
possible to finance energy, oil and gas
projects.
In an opening remark before the meeting,
the Minister of State, Petroleum Resources
of the Federal Republic of Nigeria, His
Excellency Chief Timipre Sylva who was
accompanied by his counterparts from
Equatorial Guinea and Niger, recalled that
the decision to revive and empower the
CEOs of the NOCs of the APPO Member
Countries(MCs) was taken by APPO’s
Ministerial Council during the major reform
and restructuring. from APPA to APPO. This,
he explained, was in recognition of the
essential role that the NOCs of the APPO
MCs would play in ensuring the survival and
development of the oil and gas industry in
Africa in the era of energy transition.
Key considerations at the Meeting include:
3Contributions from sovereign funds for
the financing of the oil and gas industry
through the African Energy Transition Bank;
3Support for regional integrated
infrastructure initiatives such as the
extension of the GAO in the West African
region to Morocco, the trans-Saharan
pipeline projects and the Central African
Pipeline System (CAPS)
3The rapid establishment of Pan-African oil
and gas services companies in the various
fields of industry coordinated by the APPO
Secretariat.
L-R: APPO Secretary General, Dr Omar Farouk Ibrahim and Malam Mele Kyari The Group Chief
Execu ve Officer (CEO) of the Nigerian Na onal Petroleum Company (NNPC) Limited
Mozambique Set To Host Gas and Energy
Summit in September 2022
T
he Mozambique Gas & Energy
S u m m i t & E x h i b i t i o n w i l l
reconvene key Mozambican Government,
Ministerial and industry stakeholders
with international investors, developers
and private sector value chain
participants to engage in B2B networking,
develop bilateral and local partnerships
and exchange knowledge and best
practices.
Tiago Marques, Head of Content – Africa,
dmg events, said "This year we are
receiving more international delegations
than before, we have Saudi Arabia, South
Korea, Italy, France is extremely well
represented with an exciting country
pavilion and other countries such as
Angola, Argentina, Canada, are also
joining. In terms of speakers and
delegates we also have a varied range of
industry experts from all around the
world and the region, for example South
Africa, South Korea, Europe, Italy, Middle
East and other countries which are
actively looking to strengthen their
partnerships with Mozambique.
"The energy potential of Mozambique is
enormous and the interest in the Summit
is reflecting that.
Our esteemed partner ENH and the
Ministry of Mineral Resources and Energy
have worked incredibly hard to put
Mozambique at centre stage in the global
energy map.
"The Mozambique Gas & Energy Summit
always had a strong focus on Local
Content and opportunities for national
citizens and companies.
“We not only have a panel on Local
Content, but we also have a session on
nurturing tomorrow’s leaders as well as
how Mozambique will use gas to
revolutionise its industrial landscape.
"The current global crisis in Europe and
around the world is a complex issue which
is without a question accelerating the
interest in reliable energy supply.
“Africa is blessed with resources and I
believe countries around the continent
and Mozambique in particular, are
working hard to provide opportunities
and develop their energy sector which
will ultimately lead to socio economic
improvement.
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About The Author
Michael Ehrenstein is a U.S.-
based trial attorney, founder
of the international business
litigation boutique Ehrenstein|
Sager, and the 2022 president
of the Litigation Counsel of
America.
He has more than
30 years of legal experience,
including representing
nations such as the Republic
of Angola in sovereign
immunity cases related to
their commercial activities.
Michael Ehrenstein is a U.S.-based trial a orney, founder of the interna onal business
li ga on bou que Ehrenstein|Sager
Africa Must Be a Trusted, Global
Energy Partner
This summer, London suffered one of
the worst heat waves in a century. I
know because my daughter, who
studies fashion there, shared stories about
the extreme heat. People sweltered on the
train. London's humidity and the record heat
combined in her flat to create a steam room.
My best advice to her: hydrate now and enjoy
the heat while you can, because come winter,
she and her friends will be praying for its
return.
The fallout from Russia's invasion of Ukraine
destabilized the United Kingdom's (and
Western Europe's) fuel supplies. The war
dramatically increased prices at the pump,
ramped up energy bills and will further
disrupt their quality of life. Already, the Office
of Gas and Electricity Markets (Ofgem), the
United Kingdom’s energy regulator, increased
the price cap on U.K. gas and electricity rate
increases by 54% in April, the largest-such
annual increase since 1970. Experts
anticipate further increases when the agency
revisits the rate cap this month. Meanwhile,
some European countries with less developed
energy infrastructures will face a harsh winter
without sufficient fuel to reliably provide
needed heat.
It is easy to blame the West's current energy
struggles on Russia's invasion and the
sanctions it triggered, including boycotting
Russian fuel. However, Western European
leaders are also responsible. They failed to
adequately diversify their fuel supply and
became dependent on Russian
deliveries.
For example, in the two years leading up
to the invasion of Ukraine, European
nations imported about two-thirds of
Russia’s oil exports, according to the
International Energy Agency. Last year,
the European Union imported 2.2 million
barrels of crude oil per day from Russia,
along with 0.7 million barrels per day via
pipelines. Russia's Baltic pipeline,
Nordstream 1, typically accounts for
about a third of all Russian gas exports to
Europe. Last month, Russia cut the
pipeline's deliveries to a mere fifth of its
total capacity. It should be no surprise
that the West’s failure to adequately
diversify its fuel supply will likely cause
further harm this winter.
A glimmer of hope shimmers amidst the
warfare and political turmoil — and it lies
in Africa. Western Europe needs a new,
reliable energy partner. Europe should
look south. Long overlooked and
underestimated by the West, Africa is a
continent with enormous resources, a
young and eager workforce, and
unlimited potential.
From strategic pawn to strategic partner
For too long, world powers carved Africa
into spheres of influence to support their
geopolitical goals. For example, China
played — and continues to play — Africa
By Michael Ehrenstein
as a strategic pawn, using its status as the
c o n t i n e n t ’s l e a d i n g p r o v i d e r o f
developmental finance to control one-fifth of
all lending to African countries. In opaque
deals, China collateralizes that debt with
Africa's resources and infrastructure. Russia,
too, has molded African interests to its own
needs behind the scenes, supporting its ruling
elites to maintain substantial footholds in
resource-rich regions. At the same time,
European nations have stalled, offering
capitalistic platitudes but paltry investments.
But Africa is more than a pawn on a global
diplomatic chessboard. Russia’s war and
Europe's painful weaning from Russian fuel
reliance should encourage realistic and fresh
investment into energy trade between
Europe and Africa. With appropriate
investment, the continent can be well
positioned as a reliable energy exporter —
further diversifying the global fuel market and
providing additional energy security to
Europe. Consider, as The Energy Republic
reported in its May-June 2022 issue, that
Africa sits on an estimated 600 trillion gallons
of proven LNG reserves, all available for
extraction and delivery.
It is beyond time for Western leaders to
recognize that Africa offers a realistic solution
to its present energy crisis — a crisis that will
get far worse in winter without Africa
contributing its fuel to the European energy
diet.
Impediments and incentives to Africa acting
as a global energy partner
Plagued by colonial history, Western Europe
will face an uphill climb in earning Africa’s
18
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
trust — especially as Russia holds
hostage the Ukrainian grain and other
resources essential to many African
economies. Look no further than the
breakdown of the U.N. General
Assembly’s March 2022 vote on a
resolution to condemn Russia’s
invasion of Ukraine. Of the 35 countries
that abstained from voting, 17 were
from Africa. One African country,
Eritrea, even voted against the
resolution.
Nevertheless, Western Europe should
continue p u rs u i n g p ro d u c t i ve
dealmaking
with the continent. We have already seen
progress on this front from France and Italy.
France’s €3.6 billion investments in 2020
shored up social services and infrastructure
needs on the continent, especially in
Francophone nations. Meanwhile, Italian
energy conglomerate ENI plans to invest in
Sonatrach, Algeria’s state-owned energy
company, to pursue more sustainable
supplies and new oil field extraction
opportunities. Certainly, with more
agreements like these, Europe can obtain
the fuel it needs. More importantly, Europe
can build trusting and reliable relationships
with African
producers. If they are genuine, those
relationships will benefit Africans and
Europeans alike well after the present crisis has
passed.
Africa controls its energy future. The present
energy crisis highlights the potential for Africa
to emerge as a global energy partner. The
continent offers plentiful resources and the
desire to share its gifts with the world. Western
Europe must look to Africa for energy
development now.
Africa’s Natural Gas to Rise 155% By 2050 - GECF
I
n a recent story published by
Business Day Nigeria, natural gas
demand in Africa will record the
highest growth rate among all regions of
the world by 2050.
The report, which was extracted from the
Gas Exporting Countries Forum (GECF)
Global Gas Outlook 2050, revealed that the
demand for natural gas in Africa will
increase by 155 percent to 13.95 trillion
cubic feet (tcf) – 395 billion cubic meters
(bcm) within that period.
Nigeria accounts for over 209 tcf of proven
gas reserves, followed by Algeria’s 81 tcf.
Other regions such as Asia Pacific, Latin
America, and the Middle East also top the
list of rapid natural gas demand growth
while Europe is expected to see an 18
percent decline in its natural gas
consumption.
“Natural gas demand in Europe will drop by
18 percent to 14.83 tcf (420 bcm) by 2050.
Nevertheless, natural gas will remain
resilient at least up until 2030 as emissionreduction
measures are expected to
initially have more impact on coal and oil
within the power generation and transport
sectors.
“O ver t h e l o n g term, i n c re a s e d
decarbonisation efforts through energy
efficiency, electrification, renewables, and
low-carbon hydrogen, particularly green
hydrogen that will be introduced for a wide
range of sectors, will create pressure for
natural gas demand.
“The transport sector and blue hydrogen
generation will present the best growth
potential, partially offsetting declines in
other sectors,” the GECF said.
According to the outlook, the availability of
rich gas reserves in Africa and the upbeat
outlook for indigenous production offer
significant prospects for its increased
domestic usage.
“Infrastructure expansion could be a
potential obstacle in the region, but a
number of countries have plans for pipeline
construction and network development to
stimulate local consumption.
“Accelerated economic activity and a rising
urban population, accompanied by an
unprecedented increase in electricity
demand, will be the key drivers,” the
outlook noted.
Global Gas Outlook
Natural gas demand is expected to grow
globally to 198.65 tcf (5,625 bcm) by 2050 –
46 percent higher than in 2020.
On the other hand, Mustafa Amer, a
researcher at the GECF has said that natural
gas will remain in demand in all regions of
the world even in Paris-aligned scenarios.
He made this known during his presentation
on the theme of Energy Transition and the
Role of Natural Gas at the annual
International Association for Energy
Economics (IAEE) conference held in a
hybrid format in Tokyo, Japan (July 31 –
August 4, 2022).
Amer said the financial sector should
maintain responsible financing for energy
supply projects while the demand side, with
its policies, priorities, and technologies
should determine which energy mix to
adopt.
He further discussed the growing role of
natural gas by mid-century based on the
latest edition of the GECF GGO, the role of
the financial sector in ensuring an adequate
supply of energy, the role of carbon removal
technologies in the climate agenda, and the
future of energy demand in the
Intergovernmental Panel on Climate
Change (IPCC) assessed scenarios.
Also, Hussein Moghaddam, GECF’s senior
energy forecast analyst, presented the
results of his study on “The role of natural
gas in mitigating GHG emissions: The
environmental Kuznets Curve hypothesis
for the major gas producing countries.”
He said that as natural gas is the lowestcarbon
hydrocarbon compared to other
fossil fuels, substituting gas with oil and coal
would reduce the speed and slope of CO2
emissions.
“Investment in technologies to prevent
emissions from the entire gas value chain as
well as in investment in CCS technology is
n ecessary fo r t h e ga s indust r y,”
Moghaddam said.
On the role of hydrogen in achieving carbon
neutrality, Seyed Mohsen Razavi, energy
technology analyst, explained how
hydrogen would contribute to global carbon
neutrality by penetrating hard-to-electrify
sectors.
Razavi, in his presentation, elaborated on
the exclusive role of hydrogen and the
potential of carbon dioxide (CO2)
abatement through its development. He
said that hydrogen is not the only measure
but is unique for particular sectors.
According to his paper, natural gas coupled
with carbon capture and storage (CCS) and
renewable power are among the most
potent and reliable sources to decarbonise
the energy system in terms of the volume of
mitigation potential.
19
THE ENERGY REPUBLIC I SPECIAL EDITION

Gas Expor ng
Countries Forum
Member Countries
Observers
www.gecf.org

AFRICAN ENERGY STORIES
Eni Buys FLNG Facility to Produce and Export LNG
from Congo Republic
Energy group Eni has announced that it
had acquired Tango FLNG to produce
and export liquefied natural gas (LNG)
from the Republic of Congo, as Italy rushes to
find alternative supplies to Russian gas.
Eni acquired the company, Export LNG Ltd,
which owns the Tango FLNG floating
liquefaction facility, from Exmar group. The
facility will be used by Eni in the Republic of
Congo, as part of the activities of the natural gas
development project in the Marine XII block, in
line with Eni's strategy to leverage gas equity
resources.
The Tango FLNG, built in 2017, has a treatment
capacity of approximately 3 million standard
cubic meters/day and an LNG production
capacity of approximately 0.6 million tons per
year (about 1 billion standard cubic
meters/year). The acquisition of this facility
allows the development of a fast-track model
capable of seizing the opportunities of the LNG
market. In addition, the high flexibility and
mobility characteristics of the Tango FLNG will
favour the development and enhancement of
Eni's equity gas by accelerating production
start-up time.
Tango FLNG will begin its activity in Congo in the
second half of 2023, following the completion
of mooring and connection works necessary to
tie with the Marine XII network and
infrastructure. LNG production from Marine XII
is expected to begin in 2023, and when fully
operational it will provide volumes in excess of 3
million tons/year (over 4.5 billion cubic
meters/year).
Eni's activities are concentrated in the
conventional and deep offshore facing Pointe-
Noire and onshore Koilou region over a
developed and undeveloped acreage of 2,484
square kilometers (1,306 square kilometers net
to Eni). Eni’s main operated producing interests
are the Nené Marine and Litchendjili (Eni’s
interest 65%), Zatchi (Eni’s interest 55.25%),
Loango (Eni’s interest 42.5%), Ikalou (Eni’s
interest 100%), Djambala (Eni’s interest 50%),
Foukanda and Mwafi (Eni’s interest 58%), Kitina
(Eni’s interest 52%), Awa Paloukou (Eni’s
interest 90%), M’Boundi (Eni’s interest 83%)
and Kouakouala (Eni’s interest 74.25%) fields
and other relevant non-operated producing
areas located in the Pointe-Noire Grand Fond
(Eni’s interest 29.75%) and Likouala (Eni’s
interest 35%) permits.
TotalEnergies and ADNOC partner for
Fuel Distribution in Egypt
The partnership between
TotalEnergies and ADNOC has
been further strengthened
following the signing by ADNOC
Distribution of an agreement to
acquire a 50% stake in TotalEnergies
M a r k e t i n g E g y p t L L C f o r a
consideration of approximately $200
million. This new transaction follows
t h e s i g n i n g o f t h e st rategic
partnership agreement signed by
TotalEnergies and ADNOC on the
occasion of the state visit in Paris of His
Highness Sheikh, Mohamed bin Zayed
Al Nahyan, President of the United
Arab Emirates.
Established in 1998, TotalEnergies
Egypt operates about 7% of service
stations in Egypt. The contemplated
partnership between TotalEnergies, a
leading global multi-energy company,
and ADNOC Distribution, the UAE’s
largest fuel retail distributor, includes
a portfolio comprising 240 fuel retail
stations, as well as wholesale fuel
activities, an aviation fuel business,
and lubricants sales.
The Acquisition is expected to
complete in Q1 2023 pending
satisfaction of certain conditions,
including customary regulatory
approvals.
Thierry Pflimlin, President Marketing
& Services at TotalEnergies, said,
‘’TotalEnergies is pleased to join forces
with ADNOC Distribution in Egypt. The
rich experience of an experienced fuel
distributor in the GCC region will bring a
significant added value to TotalEnergies
Marketing Egypt. We look forward to
collaborating with ADNOC Distribution in
a combined growth strategy.’’
Bader Saeed Al Lamki, CEO of ADNOC
Distribution, said, “TotalEnergies Egypt is
a well-established business with a solid
track record of operational excellence and
in-depth knowledge of the Egyptian fuel
and retail sector. This move aligns with
our vision to establish ADNOC
Distribution as a regional leader in the
fuel distribution sector. We look forward
to providing the best possible service to
customers in Egypt, and working with
TotalEnergies to accelerate our
international expansion in Egypt and
beyond”.
ADNOC Distribution is the leading fuel
distributor and convenience store
operator in the UAE. ADNOC Distribution
operates 464 retail fuel stations, 350
convenience stores as of 31 March 2022
and is the leading marketer and
distributor of fuels to commercial,
industrial and government customers
throughout the UAE. ADNOC Distribution
is the only fuel retailer operating in all
seven emirates in the UAE.
21
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AFRICAN ENERGY STORIES
Patrick Pouyanné,
CEO of TotalEnergies
TotalEnergies Takes FID on Three
Major Oil, Gas and Solar Energy
Projects in Angola
As part of the rollout of its multi-energy
strategy in Angola, TotalEnergies
announces the launch of the Begonia
oil field, and Quiluma and Maboqueiro gas
fields developments, as well as its first
photovoltaic project in the country, with a
capacity of 35 MWp and the possibility of
adding 45 MWp in a second phase.
Begonia, the first development on Block
17/06
TotalEnergies today announces the final
investment decision for Begonia, the first
development of block 17/06, located 150
kilometers off the Angolan coast, in
agreement with concession holder Agência
Nacional de Petróleo, Gás e Biocombustíveis
(ANPG) and its partners on Block 17/06.
The Begonia development consists of five
wells tied back to the Pazflor FPSO (floating
production, storage and offloading unit),
already in operation on Block 17. After
commissioning, expected in late 2024, it will
add 30,000 barrels a day to the FPSO's
production.
After CLOV Phase 3, another satellite project
that produces 30,000 barrels a day and was
launched on Block 17 in June 2022, Begonia is
the second TotalEnergies-operated project in
Angola to use a standardized subsea
production system, saving up to 20% on costs
and shortening lead times for equipment
delivery.
The project represents an investment of $850
million and 1.3 million man-hours of
work, 70% of which will be carried out in
Angola.
Quiluma and Maboqueiro, Angola's first
non-associated natural gas projects
TotalEnergies also announces the final
investment decision for the “Non
Associated Gas 1” (NAG1) project, in
which the Company holds an 11.8%
interest alongside its partners, Eni
(operator with 25.6%), Chevron (31%),
Sonangol P&P (19.8%) and bp (11.8%).
NAG1 is the first non-associated natural
gas project developed in Angola. Gas
produced from the Quiluma and
Maboqueiro offshore fields will supply
the Angola LNG plant, improving Angola's
LNG production capacity and the
availability of domestic gas for the
country's industrial development.
Production is scheduled to start in mid-
2026.
Quilemba, Angola's first TotalEnergies
solar plant
TotalEnergies, alongside the Ministry of
Energy and Water as well as its partners
Sonangol and Greentech, was also
awarded by the Angolan authorities, the
concession for the construction of the
Quilemba photovoltaic plant, with initial
capacity of 35 MWp and the possibility of
adding 45 MWp in a second phase.
The plant will be located in the southern
city of Lubango and should come on
stream at the end of 2023.
It will contribute to the decarbonization of
Angola’s energy mix and, through a fixedprice
Power Purchase Agreement (PPA),
deliver significant savings for the Angolan
government compared to the fuel used in
existing power plants. TotalEnergies holds an
51% interest in Quilemba solar, alongside
affiliates of Sonangol EP (30%) and Angola
Environment Technology (Greentech, 19%).
"Begonia, NAG1 and Quilemba illustrate the
deployment of our multi-energy strategy in
Angola, where TotalEnergies has been active
for nearly seventy years," said Patrick
P o u y a n n é , C h a i r m a n a n d C E O o f
TotalEnergies. “With Begonia, the first subsea
tieback to another block, we are leveraging
the existing Pazflor infrastructure, reducing
costs, thanks largely to the standardization of
subsea equipment, and continuing to
innovate in the deep offshore. With the NAG1
project, we will contribute to the country’s
industrial development and enable Angola,
from 2026, to increase its LNG production and
to contribute to the security of supply of
Europe and Asia.
“Quilemba will allow us to harness the
country's solar potential and develop a
sustainable model for the production of
electricity. These three projects demonstrate
TotalEnergies' ambition to support Angola
during the energy transition by producing
energy with low carbon intensity and
developing renewables in a country with
strong potential."
TotalEnergies has been present in Angola
since 1953 and today employs around 1,500
people across different business segments.
With a diversified portfolio, deep offshore
operated assets representing more than 45%
of the country’s oil production, service
stations in partnership with Sonangol and
renewable energy projects, TotalEnergies in
Angola is a key player in supporting the
country’s sustainable energy transition.
TotalEnergies operates Block 17/06 with a
30% interest, alongside affiliates of Sonangol
P&P (30%), SSI (27.5%), ACREP/Somoil (5%),
Falcon Oil (5%) and PTTEP (2.5%).
TotalEnergies is a global multi-energy
company that produces and markets
energies: oil and biofuels, natural gas and
green gases, renewables and electricity.
23
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
Eni Looks To Construct Second South Coral FLNG
Offshore Mozambique
Eni has proposed that its partners in
the Rovuma LNG project to
construct a second floating
liquefied natural gas processing facility to
circumvent political risks that have
disrupted ExxonMobil from building an
onshore megaplant, according to report
from SPE's Journal of Petroleum
Technology.
Italy’s Eni is aiming to construct a second
floating liquefied natural gas (FLNG)
processing facility offshore Mozambique
to fast-track monetization of the
ultradeepwater gas reserves it is
developing with its partners ExxonMobil
and China National Petroleum Co. (CNPC)
in the Mozambique Rovuma Venture SpA
(MRV).
No final investment decision (FID) has
been made, but Eni CEO Claudio Descalzi
told analysts during a 2Q earnings call on
29 July that Eni’s partners “are positive”
and view the option as a temporary fix to
work around political risk that has stalled
ExxonMobil’s movement on the $30-
billion onshore LNG facility originally
planned.
Chief Timipre Sylva
The Coral-Sul FLNG facility during sailaway fes vi es in South Korea in November 2021. Source: Eni.
Ghana To Draft New Local Content
Regulation For Downstream Sector
In late 2020, an Islamic militant
insurgency that had been building over 3
years intensified attacks along the Cabo
Delgado coast, home to not only
ExxonMobil’s Rovuma LNG facility but
a l s o To t a l E n e rg i e s ’ $ 2 0 - b i l l i o n
Mozambique LNG development. The
attacks prompted the French major to
declare force majeure in late April 2021
and ExxonMobil to postpone its FID to
2022 or even 2023.
Mozambique’s Importance as a Global
Energy Hub
In 2020, Mozambique boasted the thirdlargest
natural gas reserves in Africa after
Nigeria and Algeria, with its largest gas
deposits—and supply source for future
LNG exports—located in Area 1 and Area
4 of the Rovuma Basin, according to the
US Energy Information Administration.
The MRV joint venture between Eni,
ExxonMobil, and CNPC holds a 70%
interest in the Area 4 exploration and
production concession contract to
develop Coral South along with two other
world-class gas reservoirs in the Mamba
complex. The remaining 30% interest in
Area 4 is split equally between Portugal’s
Galp, Korea’s KOGAS, and Mozambique’s
state-owned ENH (Empresa Nacional de
Hidrocarbonetos EP).
Ghana's Energy Minister, Dr. Matthew
Opoku Prempeh has announced that
the Government is working on drafting
new local content regulation for downstream
sector to increase Ghanaian participation in the
oil and gas industry.
The Minister disclosed this on his official
LinkedIn page, noting that the ministry has met
with representatives of Vivo Energy,
TotalEnergies SE and Engen, including key
players in Ghana’s downstream petroleum
industry.
He stated, "Together with senior officials of the
NATIONAL PETROLEUM AUTHORITY (NPA),
regulator of the industry, we discussed the
concerns of these players around the proposed
amendment to the Act that established the NPA
as well as the Draft Regulation for Ghanaian
Content and Ghanaian Participation for the
downstream sector.
"I provided these officials clarification on
government’s policy intention which will be
anchored on this regulation. I indicated clearly,
that issues such as ownership structure of
downstream operators within the context of
local content and local participation, among
other issues are not designed to make foreign
p l aye rs u n c o m fo r ta b l e b u t p a r t o f
government’s overarching strategy to ensure
that our local people can fully participate in the
industry.
"As I have always held, it is through an effective
local content and local participation policy
framework and legislations, that Ghanaians can
maximise the benefits of any industry.
"Whilst I believe I was able to allay any possible
fears of these entities, I am fully committed as
sector Minister, to sound investor relations and
also work to ensure that Ghana, and for that
matter Ghanaians are able to take advantage of
the numerous opportunities in our energy
sector value chain".
24 26 21
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
President Felix Tshisekedi Launches the DRC’s
30-Block Licensing Round
I
n an exciting move for the African
oil and gas industry, the
Democratic Republic of the Congo
(DRC) has officially launched its highly
anticipated bid licensing round. Opened
by H.E. Felix Tshisekedi, President of the
DRC. The round has 30 blocks on offer –
27 of which are oil and three are gas –
positioning the country as one of the
most attractive frontier hydrocarbon
markets in 2022 and beyond. Launched
ahead of the continent’s premier event
for the oil and gas industry, African
Energy Week (AEW) 2022 – taking place
October 18-21 in Cape Town – the bid
round is set to create an influx in foreign
investment to the DRC, triggering
newfound socioeconomic growth.
Present at the launch were H.E. Gabriel
Mbaga Obiang Lima, Minister of Mines
and Hydrocarbons of Equatorial Guinea
and H.E. Dr. Omar Farouk Ibrahim,
Secretary General of the African
Petroleum Producers Organization.
While 16 blocks were initially on offer, in
response to rising global demand and the
need for more oil and gas in Africa, H.E.
Didier Budimbu Ntubuanga, Minister of
Hydrocarbons of the DRC, doubled the
blocks on offer earlier this month.
Among the blocks, three are located in
the coastal basin of the Kongo Central
province while nine are located in
Cuvette Centrale,11 close to Lake
Tanganyika and four near Lake Albert
–where sizable discoveries have already
been made on the Ugandan side of the
prospect. The three blocks open for gas
exploration are located in Lake Kivu.
With an estimated reserve potential of
five billion barrels of oil and 30 billion cubic
meters of gas, the round makes good on the
government’s promise to reawaken the DRC
oil and gas market.
Speaking at the launch, H.E. President
Tshisekedi emphasized the government’s
commitment to fast tracking hydrocarbon
developments, targeting first oil from the new
blocks in the earliest time frame possible,
while maintaining environmental obligations
and protection. With discussions officially
open for the round, the government is
committed to working with sustainable
investors, ensuring exploration and
production is achieved without the risk of
environmental disruption. For the country,
both developing oil and gas and protecting
the environment goes hand in hand, and led
by H.E. President Tshisekedi, the government
has placed both objectives at the center of the
country’s developmental agenda.
“The DRC is by no means reneging on any of
its international obligations towards the
environment with our push to explore
hydrocarbons. On the contrary, we are more
than ever committed to meeting these goals,
while at the same time ensuring that our
nation can benefit from our hydrocarbon’s
potential,” H.E. President Tshisekedi stated.
In addition to unlocking new investment and
international participation in DRC oil and gas,
the round will drive investments across the
energy value chain, kickstarting a new era of
energy access in line with the government’s
ambition to make energy poverty history.
Currently, the country produces 25,000
barrels per day (bpd) of oil, however with the
round, the government has introduced an
ambitious target of increasing this figure to
one million bpd within the next two decades,
significantly improving energy access,
security and independence.
“With 30 blocks on offer in the DRC, Africa is
sure to witness a new era of investment and
hydrocarbon development. While the round
aligns closely with the government’s
objectives of developing a competitive and
mutually beneficial oil and gas industry in the
DRC, it goes one step further, emphasizing the
government’s commitment to protecting the
environment. By ensuring the operation and
development of fields is done in a low carbon
manner, adhering to international
environmental standards, while only working
with sustainable investors and energy
companies, the government has prioritized
the sustainable development of its energy
sector,” states Verner Ayukegba, SVP of the
African Energy Chamber, adding that, “This is
what AEW 2022 is all about. The sustainable
developments of Africa’s oil and gas reserves.
If we are going to make energy poverty history
by 2030, we need to develop and use our oil
and gas.”
During African Energy Week (AEW) 2022, a
DRC delegation led by H.E. Minister
Ntubuanga will not only be driving discussions
around Africa’s upstream landscape, but will
be providing critical insight into the DRC’s
licensing round, holding technical
presentations and directly engaging with
potential bidders. With AEW 2022 taking
place under the theme, Exploring and
Investing in Africa’s Energy Future while
Driving an Enabling Environment, updates on
the DRC’s licensing round and insight from
H.E. Minister Ntubuanga will be key, as the
continent looks to create a new narrative
around developing oil and gas in an
environmentally sustainable manner.
26
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
VAALCO Energy has released the
progress reports on its field
development and facilities
overhaul program in the Etame license
offshore Gabon. According to the
report, VAALCO Energy has successful
drilled the South Tchibala 1HB-ST well
that was drilled from the Avouma
platform in the Etame field, offshore
Gabon.
George Maxwell, VAALCO’s Chief
Executive Officer, commented, "With
the drilling of the South Tchibala 1HB-
ST well and completion in the Deep
Dentale interval, VAALCO will add new
reserves and production that were not
previously in our 2P reserve base.
Additionally, there is the D9 sand that
will remain cased as we produce out of
VAALCO Energy Releases Progress Report
on its Field Development Campaign at Etame
offshore Gabon is analogous to the Deep Dentale producing field
the D1 that could be tested or completed in
the future. This discovery is analogous to
our producing Dentale in North Tchibala.
The continued success of our drilling
campaign further demonstrates the quality
of our premier Etame asset. We expect the
well to be online in June and will provide the
market with an update when we have initial
production data.”
Highlights
3Discovered significant columns of
multiple hydrocarbon bearing sands in the
Dentale;
3Completing the Dentale D1 sand (18
meters net hydrocarbons) interval, which
in North Tchibala with similar porosity and
permeability.
3Additional cased Dentale D9 (15 meters net
hydrocarbons) interval can be tested and
completed in the future.
3Penetrated a thin section of the Gamba sand
that is not economically viable to complete in this
wellbore. Evy Maffini
3Adds new reserves that were previously not
captured in VAALCO’s 2P reserves, upon successful
completion and first production, these reserves
will be additive to VAALCO’s 1P reserves.
3Potentially adds new future drilling locations in
the Deep Dentale trend across the Etame block;
and
3Currently completing the South Tchibala 1HB-ST
well with initial production expected in June.
Masdar and TANESCO to develop renewable projects
in Tanzania
Masdar, one of the world’s leading
renewable energy companies, has
signed an agreement with Tanzania
Electric Supply Company Ltd. (TANESCO) for the
development of renewable energy projects
with a total capacity of up to 2 gigawatts (GW).
Abdulla Zayed, Head of Business Development
& Investment at Masdar and Maharage Chande,
Managing Director of TANESCO, signed the Joint
Development Agreement (JDA) on the sidelines
of the Tanzania Energy Congress in the presence
of Hon. January Makamba, Minister for Energy
for Tanzania. The JDA envisages the
establishment of a co-owned joint venture (JV)
company by the two organizations to progress
the project development.
Maharage Chande, The Executive Director of
TANESCO, said: “The agreement we are signing
today will bring about a big revolution in the
development of renewable energy in the
country. Through the first phase of the
collaboration, we expect to generate
approximately 600 megawatts, and we will
continue with other projects until we reach
2,000 megawatts.”
Abdulla Zayed, Head of Business Development
& Investment at Masdar, said: “Masdar and
TANESCO are working together to support
Tanzania’s sustainable development and to
provide a secure, clean source of energy for the
people of Tanzania. The signing of this
a g r e e m e n t d e m o n s t r a t e s M a s d a r ’s
commitment to the Tanzanian market and to
the nation’s energy transition, supporting the
target to reach 5,000 MW capacity by 2025. We
look forward to working with TANESCO to
develop this ambitious program and to provide
a clean pathway for growth for Tanzania.”
Through the JV, the two companies are initially
targeting the development of renewable
energy projects with a capacity of about 600
megawatts (MW) starting with solar
photovoltaic (PV) and onshore wind.
AfCFTA, AFDB Signs Agreement for $11 million Institutional
Support Project
The African Continental Free Trade
Area (AfCFTA) Secretariat and the
African Development Bank’s African
Development Fund, has signed a Protocol of
Agreement to formalise their shared
commitment towards the effective
implementation for the AfCFTA Agreement.
The Secretary-General of the AfCFTA
Secretariat, His Excellency Wamkele Mene and
the African Development Bank’s Acting Vice
President for Regional Development,
Integration and Business Delivery, signed the
Protocol of Agreement for the grant of $11.24
million for AfCFTA implementation at the
margins of the 9th Meeting of the AfCFTA
Council of Ministers Responsible for Trade in
Accra – Ghana.
H.E. Wamkele Mene said: “We welcome the
support of the Bank as this is a clear indication
of our strategic partnership that will strengthen
the capacity of the Secretariat and facilitate the
start of commercially meaningful trade under
the AfCFTA preferences. The COVID-19
pandemic and the current geopolitical tensions
have created an ethos of urgent collective
action for the implementation of the AfCFTA.
We all have a shared responsibility to change
the destinies of all Africans as we achieve the
laudable objective of the AfCFTA.”
“The African Development Bank is proud of the
strong partnership with the AfCFTA Secretariat
and confident that this institutional support will
enable our respective mandates to spur greater
c o n t i n e n t a l t r a d e a n d e c o n o m i c
transformation, in line with Agenda 2063’s
vision of the Africa we want,” Mrs. Yacine Fal,
Acting Vice President of Regional Development,
Integration and Business Delivery said. “Africa’s
hope for building back strong and better lies
with the successful implementation of the
AfCFTA.”
The African Continental Free Trade Area
(AfCFTA) is one of the flagship projects of
Agenda 2063: The Africa We Want and entered
into force on 30 May 2019. It is a high ambition
trade agreement, which aims to bring together
all 55 member states of the African Union,
covering a market of more than 1.3 billion
people, with a comprehensive scope that
includes critical areas of Africa’s economy, such
as digital trade and investment protection,
amongst other areas. By eliminating barriers to
trade in Africa, the objective of the AfCFTA is to
significantly boost intra-Africa trade,
particularly trade in value-added production
and trade across all services sectors of Africa’s
economy, at a potential of 52.3 percent.
27
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
Nigeria, Algeria, and Niger to Cash In as Parties
Signs MOU for Trans-Saharan Gas Pipeline
To move away from relying on Russian
gas, the European Union are
increasingly turning to Africa for
natural gas imports — and Algeria, Niger and
Nigeria are looking to cash in.
Algeria, Niger and Nigeria has signed a
memorandum of understanding to build a
4,000-kilometer (2,500-mile) Trans-Saharan
Gas Pipeline. It is estimated that, once the
$13 billion (€12.75 billion) pipeline is
complete, it will transport up to 30 billion
cubic meters (1 trillion cubic feet) of gas
annually from Nigeria, in West Africa, north
through Niger and on to Algeria, according
to DW report.
From there, it could be pumped through the
undersea from Trans-Mediterranean
Pipeline to Europe or loaded onto Liquefied
Natural Gas tankers for export.
The new momentum comes as the
European Union seeks to wean itself off
Russian gas during the war in Ukraine.
The MoU was signed in Algiers by the
Algerian Minister of Energy and Mines
Mohamed Arkab, Nigerian Minister of State
for Petroleum Resources Timipre Sylva, and
Niger Minister of Energy and Renewable
Energy Mahamane Sani Mahamadou.
Algeria's Energy Ministry said the natural
gas pipeline would stretch across the Sahara
desert.
n 2009, an accord was signed by Nigeria,
Niger, and Algeria to build the Trans Saharan
gas pipeline project with an aim to
commission it in 2015. However, the project
could not be implemented so far due to
various reasons, which include security
concerns.
The proposed pipeline will source natural
gas from Nigeria and traverse north through
Niger, and further to Algeria.
It is planned to start in Warri in Nigeria and
end in Hassi R’Mel in Algeria. From there, it
will connect to existing pipelines that reach
Europe.
28
Perenco’s PetroChad Exports First
Oil via Chad-Cameroon Pipeline
T
he Perenco-owned company has
announced the delivery of its first oil to
the Chad-Cameroon pipeline, signaling
a new era of oil production and distribution in
Africa.
In less than one month under new leadership,
PetroChad Mangara has announced the export
of its first barrel of oil via the Chad-Cameroon
pipeline, ushering in a new era of production
and revenue generation for Chad. At a time
when global demand for oil is on the rise, the
export marks a significant step towards
restarting and rebuilding production in Chad, as
the company aims to position the country as a
globally competitive oil producer.
According to Perenco, the export of first oil
would not have been possible without the close
coordination with Société des Hydrocarbures
du Tchad (SHT) and the Ministry of Petroleum
and Energy, led by Minister Djerassem le
Bemadjiel. Both the ministry and SHT have
emphasized the role that oil and gas will play in
Chad’s energy and economic future, and by
working closely with international energy
major, Perenco, the country is already seeing
growth. For SHT and the ministry, the
announcement reaffirms Chad’s readiness to
welcome international explorers and investors
into the country while for Perenco, it
demonstrates the company’s capacity to deliver
operational results in a remarkably short time.
“Production is getting back on track. I am bullish
about what this project. I have always believed
that when African nations stop throwing up
roadblocks and start working to ensure that our
oil and gas operators invest, our best economic
opportunities comes to fruition. Chad as a
country will reap the benefits of its huge
reserves now that its leaders are taking this
historic opportunity with Perenco and other
operators and we encourage them to continue
the dialogue and put the right policies in place.
Under Minister Djerassem le Bemadjiel, Chad
has created an environment worthy of foreign
investment and following this announcement,
new developments are set to follow,” states NJ
Ayuk, Executive Chairman of the African Energy
Chamber (AEC), adding that, “These kind of
developments are what we at the AEC are
excited to see in Africa. We have been saying for
years that we need to develop our oil and gas
resources to make energy poverty history and
by getting production back on track,
kickstarting exploration and utilizing intra-
African pipeline networks such as the Chad-
Cameroon pipeline, Africa will develop.”
Currently, PetroChad operates three major oil
fields in Chad, namely, Mangara and Badila –
both producing since 2014 and exporting oil via
the Doba Oil Pipeline – and the undeveloped,
yet high potential Krim oilfield. The
announcement of first export via the Chad-
Cameroon pipeline – a 1,070km-long pipeline
linking the Doba oil fields in Chad with
Cameroon’s Atlantic Coast pumping stations,
ancillary facilities and infrastructure – marks
the first step in the independent’s drive to
resume production, while triggering associated
exploration activities across the basin. The Krim
oilfield itself represents a particularly attractive
hydrocarbon hotspot, and with revenue
generated from exports, exploration can
kickstart and national output increase even
further.
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
2022 Africa Climate Week: Experts Discuss Africa’s
Needs and Priorities Ahead of COP27
Amid a call for urgent action to
safeguard the continent from
c l i m a t e c h a n g e , G a b o n ’s
President Ali Bongo Ondimba opened
the 2022 Africa Climate Week by
highlighting his country’s efforts to boost
climate action and calling for continuous
collective efforts.
“For more than ten years, we have
intensified our efforts to protect our
remarkable forestry heritage and build a
low-carbon economy,” Ondimba said.
“Consequently, Gabon, which has
already achieved the objectives set by
the Paris Agreement, is considered the
most carbon-positive country in the
world.”
More than 1200 delegates attended the
event, which opened in Libreville, Gabon
on Monday, 29 August. The conference is
providing a crucial platform for the
continent to address social inequalities
and invest in development to advance
climate action and safeguard people and
ecosystems.
In her address, Patricia Janet Scotland,
secretary-general of the Commonwealth
of Nations, said: “If we choose, we can be
the solution we need, Africa can be the
answer. And this is our time. We are the
f i rst g e n e ra t i o n t o s u f fe r t h e
consequences of climate change but we
are the last generation able to do
anything about it.”
Egyptian Foreign minister, Sameh
Shoukry, the designated
president of COP27, said that Africans should
work to secure climate, given the
disproportionate impact climate change is
projected to have on Africa as compared to
other regions. He said: “African governments
and all other African voices, be they civil
society, youth, women’s groups, farmers,
workers, academia and the thriving African
private sector, should all continue to call for
climate justice.”
The African Union’s Commissioner for Rural
Economy and Agriculture Josefa Sacko, urged
African countries to maintain a common
stance as the continent tackles the impacts of
climate change to achieve its long-term goals.
Africa Climate Week is taking place under the
United Nations Framework Convention on
Climate Change and is a crucial step on the
road to COP27, which will be held in Egypt in
November 2022.
The opening session featured a ministerial
dialogue on the challenges of mobilizing and
accessing climate finance at scale to spur the
implementation of countries’ Nationally
Determined Contributions (NDCs) and
priority national climate plans and strategies.
Kevin Kariuki, African Development Bank
Group Vice President for Power, Energy,
Climate & Green Growth, said, “For us, a just
transition is all about greening the economy
in such a way that it is fair and inclusive, and
that ensures the costs and benefits of the
transition to low carbon and climate-resilient
development are shared across the entire
economy.”
The African Development Bank’s 2022 Africa
Economic Outlook report projects that Africa
will need as much as $1.6 trillion between
2020-2030 to implement its climate action
commitments and NDCs.
The African Development Bank has
committed to mobilizing $25 billion for
climate finance by 2025; more than 50% of
that funding will be allocated to adaptation
projects.
A representative of the youth, Omnia El
Omrani, said that commitments to climate
action in Africa needed accelerating. “It’s time
for real action. Let this generation be the last
generation to face the climate crisis,” El
Omrani said.
Africa Climate Week, one of a series of
regional climate weeks, gives a voice to a
range of actors and partners: civil society,
women, local communities and financial
institutions. The event offers a forum for
discussion on how to contribute most
effectively to COP27 and achieve the Paris
agreement objectives.
Hosted by the Government of Gabon,
ACW2022 is organized by UN Climate Change
i n collaboration w i t h t h e A f r i can
Development Bank, UN Development
Programme, UN Environment Programme,
the World Bank Group, the African Union, the
UN Economic Commission for Africa and UN
Gabon. ACW 2022 aims to explore resilience
against climate risks, the transition to a lowemission
economy and partnerships to solve
pressing challenges.
29
THE ENERGY REPUBLIC I SPECIAL EDITION

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NIGERIA ENERGY, OIL & GAS
NNPC, IOCs Renew PSC Agreements
to Unlock Over $500 Billion
Revenue for Nigeria
33 34
35
NNPC Adopt New Monitoring Apps for
Crude Oil Theft, Pipeline Vandalism
Petroleum Ministry Inaugurates
Committee on Establishment of
Oil, Gas Promotion Office
President Buhari Unveils New NNPC Ltd, Assures
Nigerians Of Energy Security
Forty-four years after inaugurating
the old Nigerian National Petroleum
Corporation (NNPC) in 1977,
President Muhammadu Buhari on Tuesday
July 19, 2022 in Abuja officially unveiled the
new Nigerian National Petroleum Company
Ltd in line with the provisions of the
Petroleum Industry Act (PIA) 2021.
The unveiling by the President at the State
House in Abuja signals a new era of
transparency, accountability and energy
security for the country. The unveiling
event was attended by the Group Chief
Executive Officer of the NNPC Ltd, Mele
Kyari, Chairman of the Board of NNPC
Margary Okadigbo, the Minister of State for
Petroleum Resources Timipre Sylva, the
Senate President Ahmed Lawan, Speaker of
the House of Representatives Femi
Gbajiabiamila and other top officials in the
public and private sectors of the Nigerian
economy.
With the change in structure, the company
would be regulated in line with the
provisions of the Companies and Allied
Matters Act (CAMA)
He affirmed that the company was more
than ever, now mandated by law to ensure
certainty in Nigeria’s national energy
security as well as operate in an
environment of transparency and
accountability.
“NNPC Limited will operate as a
commercial, independent and viable
National Oil Company (NOC) at par with its
peers around the world, to sustainably
deliver value to its over 200 million
shareholders and the global energy
community, while adhering to its
fundamental corporate values of integrity,
excellence and sustainability.
“NNPC Limited is mandated by law to
ensure Nigeria’s national energy security is
guaranteed to support sustainable growth
across other sectors of the economy as it
delivers energy to the world,” he stated.
Aside not relying on government funding ,
the president reiterated that the new
company shall be free from institutional
regulations such as the Treasury Single
Account (TSA), Public Procurement and
Fiscal Responsibility Acts.
According to him, the provisions of PIA
2021, have now given the Nigerian
petroleum industry a new impetus, with
improved fiscal framework, transparent
governance, enhanced regulation and the
creation of a commercially-driven NOC.
‘‘It will, of course, conduct itself under the
best international business practices in
transparency, governance and commercial
viability,” he added.
He added that the new company would
focus on becoming a dynamic global energy
company of choice to deliver energy for
today, for tomorrow and for the days ahead.
In his remarks, an elated Minister of State
for Petroleum Resources, Chief Timipre
Sylva, who later confessed while appearing
on Arise television that the historical
unveiling of the new NNPC gave him goose
bumps, said the delay in signing the PIA into
law had cost the nation a whopping $50
billion in investments.
According to him, with the new law, the
international and local oil companies are
now assured of adequate protection for
their investments, with the nation’s
petroleum industry no longer rudderless.
31
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
"While the country was waiting for the
PIA, Nigeria’s oil and gas industry lost
about $50 billion worth of investments.
In fact, between 2015 and 2019, KPMG
states that only 4 per cent of the $70
billion investment inflows into Africa’s
oil and gas industry came to Nigeria
even though the country is the
continent’s biggest producer and the
largest reserves.
PHOTO STORIES: UNVEILING CEREMONY
“We are setting all these woes behind
us, and a clear path for the survival and
growth of our petroleum industry is
now before us,’’ he said.
Sylva described the unveiling of NNPC
Limited as a new dawn in the quest for
the growth and development of the
Nigerian oil and gas industry, opening
new vistas for partnerships.
The NNPC Limited, he said, would
operate as a profitable commercial
entity and declare dividends to its
shareholders as well as demonstrate
higher level of performance and
accountability.
NNPC Limited is a dynamic global
energy company with businesses and
operations across the entire spectrum
of the energy value chain. The company
offers diverse business and investment
opportunities in energy across different
geographies with a strong focus on
sustainability.
NNPC energy transition plan is
designed to ensure a low carbon
footprint across our businesses
through New Energy using various
means. The company's first step in this
direction as priority is, to determine our
emission baseline through the
development of our Environmental,
S o c i a l a n d G o vernance ( ESG)
framework, as well as the conduct of
the company-wide Greenhouse Gases
inventory. The implementation of its
ESG framework would result into
appropriate reporting of same in its
annual reports/financial statements.
32
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
L
NNPC, IOCs Renew PSC Agreements to Unlock
Over $500 Billion Revenue for Nigeria
ess than a month after the
unveiling of NNPC Limited by H.E
President Buhari, the Nigerian National
Petroleum Company Limited (NNPC) and
International Oil Companies (IOCs)
operating in Nigeria, has renewed its
Production Sharing Contract (PSC) and
signed the agreements that would
ensure the production of about 10 billion
barrels of crude oil and generate over
$500bn revenue to all parties involved.
During an event to mark the landmark
achievement held at the NNPC Towers in
Abuja, the parties renewed their
agreements in five Oil Mining Leases
(OMLs 128, 130,132, 133, and 138), a
development that would not only unlock
further investments in the upstream
sector and boost investors' confidence
but would also unlock over $500bn in
revenue for the country.
Group CEO, NNPC Ltd, Mallam Mele
Kyari, said renegotiations of the assets
were in line with the provisions of section
311 of the PIA with other improvements
to the PSCs aimed at driving performance
in the PSC operations.
Speaking further, Kyari said the
negotiations were completed within the
timeframe specified by PIA for all renegotiated
PSCs, stressing that "the
"meaning of this is that there is now a
great deal of clarity between NNPC Ltd
and its partners in the deepwater space."
Kyari commended President Muhammadu
Buhari for his leadership in providing the
NNPC Ltd and its Contractors the opportunity
to achieve the milestone through the PIA,
thereby offering more opportunities for
boosting the nation's crude oil production
and revenue base.
In his remarks, Country Chair, Shell
Companies in Nigeria, Mr. Osagie Okunbor
described the execution of OML 133 PSC
contract as significant progress towards
harnessing the deep-water resources of
Nigeria.
Also speaking, the Chairman/Managing
Director of ExxonMobil Companies in Nigeria,
Mr. Richard Laing noted that the renewal of
the Usan and Erha leases validates his
company's commitment to maintaining a
significant deepwater presence in Nigeria,
through Esso Exploration and Production
Nigeria (Deepwater) Limited.
On his part, Chairman/Managing Director of
Chevron Nigeria Limited (CNL), Mr. Rick
Kennedy said Chevron is proud of its strong
partnership with Nigeria and its various
partners and remains also committed to
supporting the country to develop its energy
resources safely and reliably.
The recent negotiations will put to rest the
protracted dispute between the NNPC Ltd
and the Contractor Parties in Oil Mining
Leases (OMLS) 125, 128, 130, 132 and 133, as
well as 138 PSCs). The PSCs and their leases,
except OML 130, will run for another 20 years
term under pre-PIA laws, while OML 130 is to
be renewed under PIA terms.
The PIA in Section 311(2) stipulates that new
PSC agreements under new Heads of Terms
will be signed between NNPC Ltd as
Concessionaire and her Contractor Parties
within one year of signing the PIA into law,
giving a deadline of 15th August 2022.
This provision paved the way for the
resolution of lingering disputes which created
investment uncertainty and stifled new
investments in the nation's deep offshore
assets.
To achieve this, NNPC Ltd leveraged on the
near-end term of the PSCS and the parties'
interest to renew the PSCs as a negotiation
currency in bringing the contractors to work
towards trading the past for the future.
These renewed PSCs would provide several
benefits such as improved long-term
relationships with contractors, elimination of
contractual ambiguities, especially in relation
to gas terms, and enable early contract
renewal amongst others.
The signing ceremony was witnessed by the
Honourable Minister of State for Petroleum
Resources, Chief Timipre Sylva; Board
Members of NNPC Ltd, led by the Chairman,
Senator, Margerie Chuba Okadigbo; Chief
Executive of NUPRC, Engr. Gbenga Komolafe;
Chief Executive of NMDPRA, Mr. Faruk Ahmed
and the Executive Chairman, Federal Inland
Revenue Service (FIRS), Mr. Muhammad
Namu.
33
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
Mele Kyari, Group Chief Execu ve Officer (GCEO), NNPC Limited
NNPC Adopt New Monitoring
Apps for Crude Oil Theft,
Pipeline Vandalism
In response to the menace of oil
theft in Nigeria, the Nigerian
National Petroleum Company
Limited has launched an application for
the monitoring of crude oil theft and
pipeline vandalism, according to
Nairametrics report.
NNPC launched the Application in Abuja
at the signing of renewed Production
Sharing Contracts (PSCs) agreements
between NNPC and its partners in Oil
Mining Leases.
Speaking at the official launching of the
app, Mele Kyari, Group Chief Executive
Officer (GCEO), NNPC Ltd, said that the
actions of vandals on pipelines have
become a difficult thing to deal with.
The app called ‘Crude Theft Monitoring
Applications’ was created for members
of host communities and other Nigerians
to report incidents of oil theft.
Mr Kyari said the cooperation partners
were engaged, alongside government
regulatory bodies, security agencies and
host communities while putting up a
robust framework to curtail the menace.
“There are still ongoing activities of oil
thieves and vandals on our pipelines and
assets, very visible in the form of illegal
refineries that are continuously put up in
some locations and insertions into our
pipeline network.
“Arrests have been made and vessels
have been arrested by the Nigerian Navy,
I commend the Armed forces, in the last
three months, they have done substantive
work and had destroyed some illegal
refineries,” he said.
Kyari said companies must endeavour to
report suspicious sales even on the
international arena.
He added, ”Every product that left the
country must have a unique registration
number by the NNPC and validated by the
Nigerian Upstream Petroleum Regulatory
Commission (NUPRC).
“Ahead of this, we are also creating a platform
where end-users, particularly refiners and
traders can validate the product.
“We cannot do this without international
collaboration. It is impossible for any refinery
to take a crude they do not know the source,
refineries are designed to process certain
specific grade of crude.
“It is their duty to ensure that they validate
this, because we have unique number of
every crude that leaves this country.”
Speaking further, he said “We have visibility
around everyone’s operations and the
Economic and Financial Crime Commission
(EFCC) is following everyone related to those
transactions.
“Wherever there is massive movement of
cash, EFCC will follow the person, we believe
that the combination of all these will get us
back to normalcy,”
Ministry, PAP,
NDDC to Develop
Joint Action Plan
to End Pipeline
Vandalism
The Minister of Niger Delta Affairs,
Umana Okon Umana and the
i n t e r i m a d m i n i s t r a t o r o f
Presidential Amnesty Programme (PAP),
Col. Milland Dixon Dikio (retd), have
resolved to formulate a common blueprint
to develop the Niger Delta, end pipeline
vandalism and illegal bunkering.
The duo agreed that it was high time the
ministry, PAP and the Niger Delta
Development commission (NDDC) worked
in tandem to develop common practical
template to tackle the problems in the
region especially oil theft related
activities.
Speaking recently, when Dikio and PAP
officials visited him in Abuja, Umana said
such joint rescue plan was required
because oil theft and pipeline vandalism
were undermining the peace and security
of the nation. He said: “those of us in the
Ministry of Niger Delta Affairs, the
Presidential Amnesty Programme, the
NDDC and other stakeholders, including
community leaders, should work together
to address the burning issue in our region,
which is the issue of oil theft and pipeline
vandalisation. “I would like all of us to sit
down and come up with a solution to this
problem. I challenge all of us to work
together to assist the Federal Government
to solve the problem.”
A statement signed by Dikio’s Special
Adviser, Media, Neotabase Egbe, quoted
Umana as saying that the NDDC and the
ministry would consolidate their
intervention plans into one blueprint for
the holistic and more effective
development of the region. He
acknowledged that Dikio was right in his
argument that the region would be better
off if the various agencies charged with
developing it worked in one accord.
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THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
Minister of State for Petroleum Resources, Chief Timipre Sylva
Petroleum Ministry Inaugurates
Committee on Establishment of
Oil, Gas Promotion Office
The ministry of petroleum resources
has inaugurated a committee on the
establishment of an oil and gas
investment promotion office in Abuja to
interface with businessmen interested in
investing in the sector, according to news
from ThisDay.
In his remarks at the ceremony, the
Director overseeing the Office of the
Permanent Secretary, Mr. Kamoru Busari,
said that having an investment
promotion office in the ministry was a
strategic milestone to get investors to put
their money in Nigeria’s oil and gas sector,
stressing that the initiative would come in
handy to businesses, given the country’s
enormous oil and gas deposits.
The inauguration, according to Busari, was
sequel to the approval granted by the
Minister of State for Petroleum Resources,
Chief Timipre Sylva, on 22nd June, 2022.
“The oil and gas investment promotion office
is expected to be well equipped to support
Investors and further create awareness to
investors about Nigeria as an attractive
destination for oil and gas investment which
when established will act as a one-stop shop
of oil and gas investment”, Busari noted.
Nigeria Can Be The Energy Hub Of Africa – Oseragbaje
Nigeria must work to position itself as
the energy hub of Africa. This was the
assertion by Ado Oseragbaje the CEO
of Heritage Energy Operational Services
Limited (HEOSL), at the ongoing Nigeria
Annual Conference and Exhibition of the
Society of Petroleum Engineers in Lagos
Nigeria Monday August 1, 2022.
During a brief remark at the opening of the
topical issues panel discussion at the
conference, the HEOSL CEO said “With the
world seeking to transition to zero net
emission by 2050, it is a matter of existential
imperative for the Nigerian energy industry
to appropriately contextualize its place in
the fast-evolving scheme of things”.
Continuing, he said, “at Heritage Energy
Operational Services Limited (HEOSL) we
Ado Oseragbaje the CEO of Heritage Energy
Opera onal Services Limited (HEOSL)
believe the Nigerian industry holds a prime
place in the global energy landscape.
It is our expectation that today’s discussions
will explore thoughts and ideas on how to
best make the Nigerian industry realize its
fullest potentials.”
HEOSL is the operator of OML 30 Joint
Venture between the Nigeria Petroleum
Development Company (NPDC) and
Shoreline Natural Resources Limited (SNRL).
He called on industry players to engage in
open minded conversations on how best to
position the Nigerian energy industry for
sustainable profitability and relevance in
the global energy space.
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NIGERIA OIL AND GAS
Shell Nigeria Gas Commissions Indigenous Firm To Carry
Out Largest Domestic Gas Market Survey In Nigeria
Nigeria’s leading domestic gas
distribution company, the Shell
Nigeria Gas Limited (SNG), has
commissioned a far-reaching gas market
survey in 33% of the states in Nigeria to gain
deeper market insights for entry and to
accelerate the achievement of Nigeria’s
Decade of Gas objectives. SNG has engaged
notable indigenous consulting firm, Philips
Consulting Limited, for this project which
has the potentials to advance Nigeria’s
energy transition agenda.
unique opportunity to transform lives while
advancing Nigeria’s energy transition
agenda.”
Shell Nigeria Gas (SNG) is part of Shell
Energy in Nigeria. This relationship allows
SNG to leverage the capability of Shell
Energy Trading, Shell’s global gas & power
marketing and trading business, to
accelerate and deliver competitive and
reliable energy which enables economic
development and growth.
SNG’s Managing Director, Ed Ubong, said,
“The outcome of this survey will provide
additional insights into gas critical role in
transforming Nigeria to an industrialized
nation. This key commercial activity of
identifying gas supply and expansion
opportunities cuts across all regions in the
country and would leverage Nigeria’s $2.8
billion Ajaokuta-Kaduna-Kano (AKK)
pipeline project to penetrate the key
Northern markets.”
He said, “The new market survey will
provide an opportunity to deepen domestic
ga s u t i l i s a t i o n , e n h a n c e f u r t h e r
industrialisation and enable local industries
to have access to reliable and affordable
energy to thrive and create employment
opportunities for Nigerians.”
ED Ubong, Managing Director of Shell Nigeria Gas
Managing Director Phillips Consulting
Limited (PCL), Mr Rob Taiwo, said “PCL is
pleased to partner with Shell on this
important project as the world transitions
to cleaner energy solutions. It will support
consumers in meeting their evolving energy
requirements by providing cleaner and
cheaper alternatives. This project offers a
Incorporated in 1998, Shell Nigeria Gas
(SNG) is a fully owned Shell company for the
downstream distribution of gas to over 150
industries and manufacturing plants in
Nigeria. The company’s over 150-kilometre
gas transmission and distribution network
serves several distribution systems that
includes Agbara-Ota industrial cluster in
Ogun State, the Aba Cluster in Abia State,
and the Port Harcourt Cluster in Rivers
State.
NCDMB, NLNG To Deepen Partnership On Projects,
LPG Penetration
The Nigerian Content Development
and Monitoring Board (NCDMB) and
the Nigeria Liquified Natural Gas
Limited will set up a tactical team
c o m p r i s i n g n o m i n e e s f ro m b o t h
organizations to drive closer collaboration
on projects, ensure compliance with
Nigerian Content obligations and promote
other strategic alliances for the good of the
nation’s economy.
This decision was reached on Wednesday
when the Managing Director of Nigeria LNG
Ltd, Dr. Philip Mshelbila led his management
team to pay a courtesy visit to the Executive
Secretary of the NCDMB, Simbi Kesiye
Wabote at the Nigerian Content Tower,
Yenagoa, Bayelsa State.
The Managing Director explained that the visit
was conceived to introduce the company’s new
management team to the NCDMB. He stated
that “NLNG and NCDMB have a special
partnership that is beyond operator and
regulator relationship. We started this
relationship when we signed a Service Level
Agreement (SLA) a few years ago and it put in
place standards by which we would work
together and ensure compliance and guard
against surprises.”
He said the current plan is to take the
relationship further and beyond complying with
the provisions of the Nigerian Oil and Gas
Industry Content Development (NOGICD) Act.
He said the reason is because “NLNG has a
vision not just to be a globally competitive
NLNG business, but to help build a better
Nigeria. To do that we have to work closely with
the NCDMB and raise our partnership to a new
level, and that includes human development,
research, and other areas.”
Speaking on the ongoing Train 7 LNG project,
Mshelbila recalled how NCDMB supported the
Nigeria LNG in various ways to enable the
takeoff of the project. He said: “the Final
Investment Decision (FID) was taken
successfully with the help of NCDMB and the
project is now under construction, making good
and safe progress. We are looking at potentially
5000 to 10,000 persons being employed on
different phases of the project. We already have
thousands working on the ground. It is
employing various contractors across different
areas. This is a true example of how local
content should be.”
The Executive Secretary in his remarks
commended Nigeria LNG for its impressive
compliance with the provisions of the Nigerian
Content Act, adding that the Board has
continually fulfilled its obligations on the
Service Level Agreement. He expressed delight
with the progress being made with the
execution of the LNG Train 7 project, noting that
it had reached about 30 percent completion.
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NIGERIA OIL AND GAS
Regulatory Framework Key to Expanding Fortunes in
Nigerian Energy Sector - Chevron MD
The Chairman and Managing Director of
Chevron Nigeria Limited , Mr. Rick
Kennedy has affirmed that a good
regulatory framework is key to expanding the
fortunes of Nigeria’s oil and gas industry while
enabling the transition to energy solutions of
the future.
Rick Kennedy stated this while delivering a
special industry goodwill message at the
Association of Energy Correspondents of
Nigeria (NAEC) Strategic International
Conference in Lagos with the theme “Energy
Transition, PIA, Petroleum Pricing and the
Way Forward for the Downstream Sector”
The Managing director who was represented
by the Mr. Victor Anyaegbudike, Manager,
C o m m u n i c a t i o n s , C h e v ro n N i g e r i a
maintained that for Nigeria to sustain
economic growth which has raised the quality
of life for millions of people around the world,
what is needed is a competitive environment
to produce energy that is affordable, reliable
and ever cleaner to enable human progress.
He noted that the global energy landscape has
experienced substantial changes over the
years, with expectations of more changes in
the future, but nonetheless ,Nigeria is
endowed with the necessary requirements
for a growing and sustainable energy
Mr. Rick Kennedy, Chairman and Managing
Director of Chevron Nigeria Limited
industry which includes large hydrocarbon
reserves (including abundant gas resources),
a growing demand for energy, and a large
population of young, talented human
resources.
According to him, "The passage and signing
into law of the Petroleum Industry Act (“PIA”)
is a major milestone in the reform of Nigeria’s
oil and gas industry geared towards attracting
investment and growth."
“Chevron recognizes the opportunity which
Wunti, GGM NAPIMS, Says Shell’s Bonga
Best in Class
The National Petroleum Investment
Management Services (NAPIMS) has
described the deep-water operations of
Shell Nigeria Exploration and Production
Company Limited (SNEPCo) as best in class.
The Group General Manager of NAPIMS, the
investment arm of the Nigerian National
Petroleum Corporation Limited (NNPC), Mr.
Bala Wunti, gave this commendation when he
led his leadership team on an inspection of the
SNEPCo-operated Bonga Floating, Production,
Storage and Offloading (FPSO) vessel last
Thursday.
“One of the best companies on planet earth is
called Shell,” Wunti said, adding that NAPIMS
would support the enhancement of
accommodation provision for SNEPCo’s
offshore personnel to reduce the time for the
planned Turn Around Maintenance of the
225,000 barrels per day capacity vessel. This, he
said, would reduce the production shutdown
period.
Wunti observed that “across the industry in
Nigeria, there is a challenge of persons on board
on FPSOs which impacts speed of execution.”
According to Wunti, there was a commendable
alignment between Bonga operations and
NNPC’s key values of safety, speed of execution,
compliance and excellence. “Since there is
alignment on these values, it should be easy at
the leadership level to align quickly on the
‘What’ and ‘Why’ even if there may be
differences of opinion on the ‘How’.”
He encouraged SNEPCo to remain open to
technical suggestions from NNPC for greater
collaboration and improved performance.
“When these suggestions come, SNEPCo should
take it, test it and if it doesn’t work, thrash it
afterwards.”
Wunti also advised further improvement in
operations to achieve zero flare, noting that
NNPC placed top priority on ISO certification,
equipment inspections, disciplined execution
and cost excellence.
the PIA represents, and we fully support the
necessary collaboration between the
regulators, the Nigerian National Petroleum
Company Limited and stakeholders in the
industry that will enable the success of the
Nigerian oil and gas industry. As we advance in
the PIA implementation, we believe that
natural gas is an important fuel, which will
play a critical role as the world seeks to lower
its overall carbon footprint. Recently, Nigeria
launched its ‘Decade of Gas’ initiative, under
the theme ‘Towards a gas-powered economy
by 2030,’ that will work with the National Gas
Expansion Program in increasing gas
production.” He noted
He said that CNL supports this key step
towards helping utilize Nigeria’s vast natural
gas resources for the benefit of the nation. We
have reduced routine gas flaring by 95% in the
past 10 years and we remain the highest
supplier of high-quality gas to the domestic
market among the international oil
companies (IOCs).
He assured that CNL will continue to enhance
gas utilization in Nigeria with focus on critical
areas such as: Power generation to stimulate
the growth of the manufacturing sector of the
economy – signing of Gas Sale and
Aggregation Agreements (“GSAAs”) with
Egbin Power Plc and Olorunsogo Generation
Company Limited, Fertilizers for local
consumption to support large scale
agriculture for export and local consumption
– signing of a GSAA with Dangote Fertilizer
Limited.
He said that Chevron remains committed to
supporting programmes by professional
bodies such as NAEC and the wider sphere of
the journalism profession in Nigeria. ‘’We
pioneered the Advanced Writing and
Reporting Skills (AWARES) programme
implemented in partnership with the Pan
Atlantic University, Lagos. This programme
has benefitted about 120 journalists since its
inception in 2014. I encourage NAEC
members to continue to demonstrate the
ethos of your profession and ensure
objectivity in reporting on the oil and gas
industry in Nigeria. ‘’
Also, “Chevron has been making significant
investments in Nigeria for over 60 years. We
believe that the future of energy is lower
carbon and that with the right policies and
regulatory framework, the enormous
potential of Nigeria’s oil and gas industry can
yield even greater benefits while enabling the
transition to affordable, reliable, secure and
ever-cleaner sources of energy.”
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THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
NUPRC Outlines Cardinal Areas for Sustainable Gas,
Sets Up Teams for Gas Flare Commercialization
The Nigerian Upstream Petroleum
Regulatory Commission (NUPRC)
says it has placed focus on four
cardinal areas for sustainable gas
development and utilisation in the country.
The commission said that the four cardinal
areas were gas reserves growth, optimised
gas production, domestic gas utilisation and
gas flare elimination.
Mr Gbenga Komolafe, Commission’s Chief
Executive, NUPRC, made this known at the
2022 Society of Petroleum Engineers (SPE)
Nigeria Annual International Conference
and Exhibition (NAICE) on Monday in Lagos.
The conference had as its theme: “Global
Transition to Renewable and Sustainable
Energy and the Future of Oil and Gas in
Africa.”
Komolafe, represented by Mr Abel Nsa,
Head, National Oil and Gas Excellence
Centre (NOGEC), urged other African
countries to adopt suitable anchor points
and roadmaps similar to what had been
outlined by the commission.
According to him, this will enable them to
achieve the right energy mix while
d e c a r b o n i s i n g t h e i r o i l a n d ga s
development.
He noted that Nigeria had huge abundant
gas resources which had been adopted by
the country as its energy transition fuel.
Komolafe said the passage of the Petroleum
Industry Act (PIA) 2021 was aimed at
eliminating bottlenecks in the oil and gas
sector to attract more investments.
He said: “We are positioning gas as our
transition fuel while adopting phased down
approach in our energy transition quest
geared toward paying greater attention to
the development of untapped gas
resources.
“This energy source with low carbon
footprint would serve as the transition fuel
in meeting our energy security as a nation.
“Fortunately, several African countries
including Nigeria, Algeria, Mozambique,
Egypt and Libya, among others are blessed
with huge gas reserves.
“With a total of over 620 trillion cubic feet of
natural gas reserves and 125.3 billion
barrels of crude oil, the future of upstream
oil and gas in Africa is promising.”
Komolafe, however, noted that it required
the right legislative framework and a change
in policy direction for maximum economic
recovery and energy sustenance.
He added that the PIA had generous fiscal
provisions aimed toward attracting
investment not just for oil development but
for harnessing of the rich gas potential of
the nation which was among the highest in
the world.
In a recent news published by Nigerian
Tribune, the Nigerian Upstream Petroleum
Regulatory Commission (NUPRC), has
inaugurated a 12-member committee to
drive and coordinate the Flare Gas
Commercialisation Programme. The
programme is an initiative of FG to end gas
flaring by 2025.
Gas flaring in the oil and gas industry has
continued to be a menace which needs to
be eradicated because of its adverse effect
on the environment and the people.
The wasteful disposal of natural gas is not
o n l y f r a u g h t w i t h s e r i o u s
health/environmental consequences but is
also a major resource waste and value
erosion to the country.
Chief Timipre Sylva
Gbenga Komolafe, Commission’s Chief Executive, NUPRC
This is contained in a statement issued and
signed by Engr Gbenga Komolafe, the
Commission’s Chief Executive at the
weekend in Abuja.
According to him, monetising gas resources
is a positive step towards guaranteeing
energy security, especially in the global
energy transition period.
He stressed the need for Nigeria to ensure
that it harnesses all available gas resources
for value creation.
He also announced that NUPRC is
recommencing the process of issuing flare
sites to technically competent companies,
following a competitive bid process.
“This process has become crucial in view of
the policy direction of the Federal
Government to ensure all gas resources are
developed for National development,” he
said.
He further added that the Commission was
currently carrying out a study in conjunction
with external technical resources to identify
suitable flare sites for the auction process.
The steering committee members are K.O.
Ofoegbu and O.I. Anyanechi; while A.T.
Adeyiga, J.O. Ogunsola, J.C. Anyanwu, A.O.
Okwah, O.E. Oje, N.E. Odega, K. R. Abisoye,
J. C. Echendu, C. I. Chukwukaelo and G. L.
Umoru form the programme team.
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NIGERIA OIL AND GAS
Totalenergies Commences Production from Ikike Field
TotalEnergies in Nigeria has
commence production from
Ikike Field. The oil field is
OML99. Totalenergies is the operator
having 40 percent stake in partnership
with the Nigerian National Petroleum
Company Limited NNPCL, 60 percent.
The company has announced that
production has started from the Ikike
field, in Nigeria.
Located 20 kilometers off the coast, at a
depth of about 20 meters, the Ikike
platform is tied back to the existing
Amenam offshore facilities through a
14 km multiphase pipeline. It will
deliver peak production of 50,000
barrels of oil equivalent per day by the
end of 2022.
The Ikike project leverages existing
facilities to keep costs low, and is
designed to minimize greenhouse gas
emissions: estimated at less than 4kg
CO2e/boe, they will contribute to reducing
t h e avera ge carbon i ntensity o f
TotalEnergies’ upstream portfolio. In
addition, 95% of hours were worked locally:
the jacket as well as the topside modules
were entirely built and integrated by local
contractors.
“ TotalEnergies is pleased to start
production at Ikike, which was launched a
few months before the Covid pandemic, and
whose success owes a lot to the full
mobilization of the teams. By tapping
discoveries close to existing facilities, this
project fits the Company’s strategy of focusing
on low-cost and low-emission oil projects,” said
Henri-Max Ndong-Nzue, Senior Vice President
Africa, Exploration and Production at
TotalEnergies.
In Nigeria, the company also operates an
extensive distribution network which includes
about 540 service stations in the country. In all
its operations, TotalEnergies is particularly
attentive to the socio-economic development
of the country and is committed to working with
local communities.
TotalEnergies in Nigeria has been present in
Nigeria for more than 60 years and employs
today more than 1,800 people across different
business segments. Nigeria is one of the main
contributing countries to TotalEnergies’
hydrocarbon production where the Company
produced 240 000 boe/d in 2021.
NLNG Launches GMOU, Signs Agreement With Six
Communities in River State
Nigeria LNG Limited (NLNG) has
launched the second phase of Global
Memoranda of Understanding
(GMoU) involving six new cluster
communities in Rivers State to actively
support community-driven sustainable
development.
The new agreements are with Okrika,
Kalabari, Egi, Ogba, Abua and Ekpeye
clusters. The implementation of the first
phase of the GMoU comprising Ogbum-nu-
Abali, Ubeta and Rumuji clusters is
underway with the commencement of
several projects in areas of road
construction, scholarships (64 scholarships
awarded), renovation and equipping of
markets, construction of police stations or
corpers’ lodge among others. The first phase
agreements were signed in 2021.
Under the GMoU framework, clusters will
ultimately be created to drive communityinitiated
projects through a Foundation that
will have a Board of Trustees, Steering
Committees, and Community Trusts. NLNG
will provide funds for these clusters and will
encourage them to seek additional funds
from other donors to finance development
initiatives in the respective communities.
In his remarks during the launching ceremony,
Andy Odeh, NLNG’s General Manager, External
Relations and Sustainable Development, said
the GMoU was targeted at promoting a
harmonious relationship between NLNG and
the clusters of communities. He added that the
GMoU was framed to ensure that the
Company’s host communities are carried along
in terms of corporate social responsibility
projects and that the communities are
empowered to take the lead in driving their
development with support from NLNG and
other key development stakeholders.
“The GMoU builds the capacity of community
stakeholders in managing projects and selfsustaining
outcomes as well as promoting a safe
and secure environment within and between
communities, in which they can collectively
work to fulfil their development potential.
“This GMoU will give communities leverage
over developmental projects unique to their
needs and will contribute to improving the
socio-economic life of the citizens. Let me
assure you that we, at NLNG, are enthusiasts of
participatory sustainable development where
the community takes on a leadership role to
drive its growth with our support. The
communities will generate their development
needs and they will work out implementation
plans through partnerships and physical
oversight of the projects.
“We intend to mentor the communities by
encouraging non-governmental organizations
and international development agencies to
build the community stakeholders’ capacity in
managing projects and sustaining outcomes.
This development of the communities by the
communities and for the communities is a winwin
situation for everyone,” he stated.
He commended the Rivers State Government
for its support in setting up the GMoUs, adding
that the government’s provision of a congenial
atmosphere for NLNG and its enthusiasm for
the development of the rural communities
were enablers for the programme.
NLNG is owned by four Shareholders, namely,
the Nigerian National Petroleum Company
Limited (49%), Shell Gas B.V. (25.6%),
TotalEnergies Gaz & Electricite Holdings (15%),
and Eni International N.A. N. V. S.àr.l (10.4%).
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THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
NCDMB Partners Siemens Energy, Commence Training
of 60 Bayelsa Teachers on STEM
Th e N i g e r i a n C o n t e n t
Development and Monitoring
Board (NCDMB) in partnership
with Siemens Energy has commenced
the training of 60 primary school
teachers in Bayelsa state. The training is
targeted at introducing innovative
teaching of Sciences, Technology,
Engineering and Mathematics (STEM)
education to the young generation and is
being held at the NCDMB headquarters,
Swali, Yenagoa, Bayelsa State.
The programme comes under the
umbrella of Experimento Initiative,
which is an international education
programme offered by Siemens Stiftung
and Empowering Africans Through
Education Initiative (EATEI). The initiative
is geared toward applying modern
approaches to STEM education and
providing educators with practical
training and continuing education
opportunities as well as high-quality
teaching and learning experience.
Speaking at the kick-off ceremony held
on Monday, the General Manager,
Capacity Building Division, NCDMB, Dr.
Ama Ikuru stated that the Board’s
commitment towards STEM education is
driven by the objectives and aspirations
of the Nigerian Oil and Gas Industry
Content Development (NOGICD) Act of
2010 and the Nigerian Content 10-Year
Strategic Roadmap.
Ikuru who was represented by the
Deputy Manager, Capacity Building
Division, Mr.
Augustine Timbiri explained that STEM
education is critical to the attainment of the
Board’s mandate with regards to local
manufacturing and development of Nigerian
materials, products, technologies, and
solutions required for the growth of Nigerian
Content in the Oil and Gas Industry and its
sectorial linkages.
He added that “global technology and smart
innovation are driven by STEM education and
the desire to meet the ever-expanding human
needs globally. The global science and
t e c h n o l o g y s p a c e h a s w i t n e s s e d
unprecedented competition and disruptive
innovations.”
Ikuru highlighted that the programme is
aimed at addressing the gaps in STEM
education in the Nigerian educational system
and equip the trainees with the Experimento
STEM training modules and delivery models.
It will also advance the capacities and
capabilities of teachers in the teaching and
delivery of STEM subjects, promote and drive
STEM education in the Nigerian educational
system and enhance Nigeria’s global
competitiveness.
He hinted that the teachers were nominated
by the Bayelsa State Universal Basic Education
Board (SUBEB) from primary schools across
the state and the training would be largely
practical and hands-on intensive in line with
the globally established standards by Siemens
Nigeria and Empowering Africans Through
Education Initiative.
In his remarks, the Local Content Manager,
Siemens Energy, Engr. Samuel Abolade
explained that Siemens Energy’s objective is
to become a hub for human capital
development in the world.
He added that the training will improve
learning, research, and development by
exposing Nigerian kids to develop a keen
interest in STEM education to compete with
best practices across the globe.
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THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
NCDMB Commends TotalEnergies on Infrastructural
Upgrade of GTC PH
The Nigerian Content Development
and Monitoring Board (NCDMB)
has commended TotalEnergies
Exploration and Production Nigeria
Limited for embarking on infrastructural
upgrade of the Government Technical
College (GTC), Rivers State.
The projects include the construction of
technical workshop, 200-bed hostel, and
25-blocks classroom and are in fulfillment
of TotalEnergies’ commitment to the
NCDMB’s human capital development
programmes.
Speaking at the ground-breaking
ceremony in Port Harcourt, Rivers State,
the Executive Secretary of the NCDMB,
Engr. Simbi Kesiye Wabote confirmed that
the Board had developed a guideline that
allocates 60 percent of the Human
Capacity Development budget on major oil
and gas projects to the strengthening of
training institutions. Under the guideline, a
large chunk of the HCD commitments on
projects will be channeled towards the
upgrade and provision of facilities in
institutions that train relevant workforce
for the oil and gas industry.
The remaining percentages of the HCD
budget will be applied to other human
capacity programmes, he said.
The Executive Secretary who was
represented by the Director, Planning,
Research and Statistics (PRS), Mr. Patrick
Daziba Obah, stressed that the Board has
placed emphasis on human capital
development. He underscored the key
roles that technical, vocational education
and training (TVET) play in the
development of skilled craftsmen who are
required for the delivery of projects in the
oil and gas industry and the growth of
Nigerian Content in the industry.
“The availability of skilled and qualified
N i g e r i a n c ra f t s m e n w i l l re d u c e
dependence on foreign artisans and
reduce capital flight,” he said.
He enjoined TotalEnergies to ensure that
all the projects at GTC Port Harcourt are
completed in record time and to insist that
world class industrial equipment are
installed in the school, so the students can
acquire the requisite skills that will make
them ready for field operations. He also
charged the company to ensure that there
is a sustainability and maintenance plan in
place to support the workshop, including
the provision of vital spare parts for the
machines to guarantee that the teachers
and instructors are trained to use any
equipment that will be installed in the school.
He urged the management, staff, and students
of the school to extend their maximum support
to the contractors handling the upgrade projects
and to provide security for the workers on site.
“The success of these projects depends on you”,
he maintained.
The Executive Secretary also lauded the
management of TotalEnergies for achieving first
oil from the Ikike project, noting that the
company has demonstrated true leadership of
Nigerian Content development by continuing to
invest in Nigeria and achieving great strides in
Nigerian Content when other operators are
divesting from fields in Nigeria.
In his remarks, the Managing Director,
TotalEnergies, Mike Sangster explained that
“the projects are designed to upgrade standard
of infrastructure in the school, create good
learning atmosphere, improve standard of living
for the students and equip vocational students
with life skills.”
Sangster who was represented by TotalEnergies’
Deputy Managing Director, JV Asset,
NCDMB, SPE to deepen partnership
on Local Content
The Nigerian Content Development
and Monitoring Board (NCDMB)
has promised to deepen its
collaboration with the Society of
Petroleum Engineers (SPE) towards
domesticating the technologies that are
currently deployed to operate the energy
industry.
The Executive Secretary of NCDMB, Engr.
Simbi Kesiye Wabote gave the assurance
on Monday in a goodwill message he
delivered at the 2022 Nigerian Annual
International Conference and Exhibition
in Lagos.
He added that such collaboration “will
create an enabling environment for new
technological challenges to be
surmounted.”
The NCDMB boss who was represented
by the Director Planning Research and
Statistics, Mr. Patrick Daziba Obah said
“ N C D M B h a s i m p l e m e nted t h e
provisions of the Nigerian Oil and Gas
I n d u st r y C o ntent D evelopment
(NOGICD) Act in the past
Mr Guillaume Dulout, went on to note that
“the project represents our full alignment
with the initiatives of the NCDMB Board to
d e v e l o p t e c h n i c a l e x p e r t i s e a n d
professionalism in the Nigerian oil & gas
sector.”
He disclosed that TotalEnergies’ Ikike project
which had its investment decision in 2019
had achieved first oil recently and this was
recorded without any lost time injury or
incident and with significant local content
milestones.
“As expected, the success recorded by Ikike
demonstrates teamwork at its best. This is
what TotalEnergies and our partners want to
replicate as we deepen our collaboration
with NCDMB in the area of technical
education, with the ground breaking today.”
The NCDMB team to the ground-breaking
event included the General Manager,
Capacity Building Division, NCDMB, Dr Ama
Ikuru and they visited the ongoing revamp of
the Principal and Teachers quarters at the
College, which is being sponsored by the
Board.
12 years for the benefit of Nigerian
companies by promoting partnerships
w i t h o r i g i n a l e q u i p m e n t
manufacturers (OEMs) and other
technical partners, to bring along
technology transfer, job creation and
reduction of capital flight.”
He added that compliance with the
NOGICD Act is the catalyst for the
steady growth of indigenous
participation in the Nigerian oil and gas
space.
He admitted that the prospect of
energy transition create fear in many
oil and gas countries. He however
advised industry stakeholders to take
urgent steps to prepare their
organizations for the changing energy
dynamics.
The theme of this year’s conference is
“Global transition to renewable and
sustainab le energy and the future of
oil and gas in Africa” and it features
presentations from experts in the
global and Nigerian industry and
exhibitions by local and international
operators.
42
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
H.E Timipre Sylva, Minister of State for Petroleum Resources of Nigeria
NOG Conference & Exhibition Transitions To
After over 21 years hosting NOG
Conference & Exhibition, which
came to a close on 7 July 2022,
dmg Nigeria events announces it will
reposition the event to NOG Energy
Week Conference & Exhibition.
The conference is a critical facilitator of
dialogue around energy agendas on a
local level, particularly as diesel and
petrol prices continue to escalate across
Nigeria. Operating expenses are also
rising despite the continuing unreliability
of power from the national grid and
businesses are passing increased costs
down to consumers. In addition, the
Energy Progress Report 2022, published
by the International Energy Agency (IEA),
along with the United Nations Statistics
Division, the International Renewable
Energy Agency (IRENA), the World Bank
and the World Health Organization
(WHO), estimates that nearly 92 million
Nigerians lack access to electricity from
the national grid.
In addition to its crude oil reserves,
Nigeria also has plentiful energy source
options in the form of natural gas, solar,
hydro, wind, biomass and geothermal. To
further explore opportunities for Nigeria
and its role in the global energy
landscape, NOG Energy Week will bring
together policy makers, financers,
investors and business leaders to discuss
strategies, practical solutions and the
resources required to address supply
challenges while also progressing toward
net zero ambitions.
NOG Energy Week
At a time of such momentous transformation
for Nigeria as it navigates its energy evolution
pathway underpinned by ‘The Decade of Gas’
and looks toward a more just, affordable, and
sustainable energy system, it is critical that
NOG also adapts not only its narrative but
what it stands for.
Minister of Petroleum Resource Timipre
Sylva, who attended the recent NOG in Abuja,
stated that “The President will continue to
strengthen the gas value chain as it is vital in
transforming the economy of our great
nation. This initiative will create over 2 million
jobs per annum, promote skills acquisition,
and enhance technology transfer in addition
to growing the nation’s gross domestic
product.”
“The repositioning to NOG Energy Week will
foster a more robust and integrated
conversation around Nigeria’s key role across
the broad, global energy agenda,” said Odiri
Umusu, Sales Director, dmg Nigeria events.
“With the effects of geopolitics, energy
supply disruption and rising demand pushing
up against ambitious net zero agendas, we
must recognize and engage the full existing
and emerging Nigerian energy ecosystem. By
expanding our scope across oil, gas, liquified
natural gas (LNG), renewables and power, we
have an opportunity to bring together
decision makers across the energy industry as
well as financiers and investors for the
conversations that will drive us toward
sustainable and just energy solutions.”
This announcement comes on the heels of the
four-day NOG Conference & Exhibition in
Abuja, Nigeria, which focused on funding the
Nigerian energy mix for sustainable economic
growth. The event kicked off with an unveiling
of the Seven Ministerial Regulations by Engr.
Simbi Wabote, Executive Secretary of the
Nigerian Content Development & Monitoring
Board (NCDMB). The regulations are aimed at
boosting local content and driving investment
in the sector, including opportunities for
indigenous companies.
“With majority of Nigerians lacking access to
energy, NOG was a huge opportunity for both
local and foreigner investors to come into the
sector,” said Mele Kolo Kyari, Group Managing
Director – NNPC. “Our investments in the
Nigerian gas market are premised on the
belief that the market will grow given the
domestic need.”
NOG Energy Week will take place on 2 – 6 July
2023 and expects to host over 5000
attendees, 600 delegates, 350+ exhibiting
companies, 85 industry expert speakers and
35 sessions across two conference streams.
2022 sponsors included NNPC, ExxonMobil,
Nigeria LNG, Shell, Chevron, Total Energies,
Oando, IPPG, NUPRC, NCDMB, Prime Atlantic,
DCPL Coleman Wires and Cables, UTM
Offshore Limited, First E & P, ND Western,
Samsung Heavy Industries Nigeria, Montego,
Nivafer, Russell Smith, Vurin Group, MG
Vowgas, West African Ventures, MicCom,
Niger Delta E&P, Eleva Group, Heritage
Energy, Seplat Energy, Banwo & Ighodalo and
Odenl.
44
THE ENERGY REPUBLIC I SPECIAL EDITION

NOGENERGYWEEK.COM

NIGERIA OIL & GAS
Anders Opedal, Chief Execu ve Officer
(CEO) and President of Equinor
Photo/FACEBOOK/TheAsoVilla H.E Vice President of Nigeria Professor Yemi Osinbajo
Nigeria Launches Energy Transition Plan, Unbundles
Investment Opportunities For Gas, Solar, Hydrogen, EVs
The Nigeria Energy Transition Plan (ETP) is a worldclass strategy developed for
the achievement of net-zero emissions by 2060 and creating investment
opportunities to deepen gas development, as well as the establishment and
expansion of industries related to solar energy, hydrogen, and electric vehicles.
On 24th August 2022, H.E Professor Yemi Osibanjo, Vice President of
Nigeria, officially launched the Nigeria Energy Transition Plan (ETP), a
roadmap that set in motion the country's pathway toward a just and
equitable energy transition with the objectives of achieving net-zero
emissions by 2060.
Nigeria seeks to take the leadership role in enabling a just and equitable
climate future for Africa, with the ultimate objective of mobilizing the
finance required to jumpstart implementation of the Plan.
Speaking at the global virtual launch, Osinbajo revealed that Nigeria would
need to spend $410 billion above to deliver its Transition Plan by 2060, which
translates to about $10 billion investment per year.
According to him, the Federal Government has established an interministerial
Energy Transition Implementation Working Group, which is been
chaired by the Vice President, comprising several key ministers, and
supported by an Energy Transition Office (ETO).
He said, "We are currently engaging with partners to secure an initial $10
billion support package ahead of COP27 along the lines of the South African
Just Energy Transition Partnership announced at COP26 in Glasgow.
"Africa’s increasing energy gaps require collaboration to take ownership of
the continent’s transition pathways.”
Specifically, the Nigeria Energy Transition Plan aims to achieve the
following objectives:
3Significant job opportunities with up to 340k jobs created by 2030 and up
to
47
By Tobi Owoyimika
Some Facts about Nigeria ETP:
Ø Lifting 100 million Nigerians out of poverty and
driving economic growth.
Ø Bringing modern energy services to the full
population.
Ø Managing the expected long-term job loss in
the oil sector due to the reduced global fossil-fuel
demand.
Ø Playing a leadership role for Africa by
promoting a fair, inclusive and equitable energy
transition in Africa that will include Gas as a
“transitionary fuel”
Ø Streamlining existing and new government
related energy transition initiatives.
OIL AND GAS REPUBLIC I SPECIAL EDITION

NIGERIA OIL & GAS
L-R: World Bank Group President, David Malpass and H.E Prof. Yemi Osibanjo,
Vice President of Nigeria
840k jobs created by 2060 driven mainly
by the Power, Cooking, and Transport
sectors.
3Gas will play a critical role as a
transition fuel in Nigeria’s net-zero
pathway, particularly in the Power and
Cooking sectors.
3Significant investment opportunities
such as the establishment and expansion
of industries related to solar energy,
hydrogen, and electric vehicles.
Furthermore, Nigeria's energy transition
requires significant emission reductions
in 5 key sectors which include; Power,
Transport, Oil and Gas, Cooking, and
Industry.
To kickstart the implementation of this
bold plan, Nigeria is seeking to raise
funds ahead of COP27.
The Government is now working to
achieve the following objectives ahead
of COP27 in Egypt:
3Secure at least a $10 billion financing
commitment to kickstarting the
implementation of Nigeria’s Energy
Transition Plan by COP27.
3Original Equipment Manufacturers
( O E M s ) t o c o m m e n c e l o c a l
manufacturing /assembly of key
technologies such as solar panels,
inverters, solar standalone systems, and
electric vehicles by 2025.
3Implement technical assistance for
skill development and knowledge
transfer for the deployment of Electric
Vehicles (Evs), the establishment of a
carbon market,
and the development of a just transition
pathway beyond oil and gas.
3Play a leadership role by promoting a just,
inclusive, and equitable energy transition in
Africa.
3Support a conducive business and
investment environment for the energy
transition.
Providing more information on energy
poverty in Africa, Osibanjo explained: “The
current lack of power hurts livelihoods and
destroys the dreams of hundreds of millions
of young people.
“And Africa’s current unmet energy needs are
huge, future demand will be even greater due
to expanding populations, urbanization, and
movement into the middle class.
“It is clear that the continent must address its
energy constraints and would require
external support and policy flexibility to
deliver this. Unfortunately, in the wider
responses to the climate crisis, we are not
s e e i n g c a r e f u l c o n s i d e ra t i o n a n d
acknowledgment of Africa’s aspirations.
"We developed our Energy Transition Plan to
engage with the rest of the world in a serious,
thorough and data-backed manner.”
The launch also featured remarks from
Nigerian ministers and officials, including,
Ministers of Environment, Mr. Mohammed
Abdullahi; Power, Abubakar Aliyu; Works and
Housing, Babatunde Fashola; Finance,
Budget, and National Planning, Zainab
Ahmed; and Managing Director, Rural
Electrification Agency, Ahmad Salihijo.
Other speakers included the Minister of
Petroleum and Energies from Senegal, Dr.
Aissatou Sophie Gladima; Minister of
Electricity and Renewable Energy from Egypt,
Prof. Dr. Mohamed Shaker El-Markabi as well
as representatives of the United Nations,
Sustainable Energy for All, World Bank,
African Development Bank, IRENA,
Rockefeller Foundation, and Global Energy
Alliance for People and Planet.
At COP26, H.E. President Muhammadu Buhari
announced Nigeria’s commitment to carbon
neutrality by 2060. Since the announcement,
the Climate Change Act 2021 has been
passed, the Energy Transition Plan has been
fully approved and launched by the Federal
Government of Nigeria.
As part of the government efforts to seek
global partnerships and support for Nigeria’s
recently launched Energy Transition Plan, Vice
President Yemi Osinbajo led a Nigerian
delegation to the United States of America to
meet with US Vice President, Kamala Harris;
US Secretary of Energy, Jennifer Granholm;
Secretary of Treasury, Janet Yellen, and
President of World Bank Group, David
Malpass, among others.
Osinbajo is leading Nigeria’s Energy Transition
Implementation Working Group (ETWG), to
promote the plan and secure global support
from the US government, the private sector,
and other development partners.
Nigeria needs $410 billion to deliver the
Transition Plan by 2060. Among other
highlights, the plan needs at least $10 billion
per year above business-as-usual spending
for effective implementation.
The World Bank and a renewable energy
organization, Sun Africa, pledged $1.5 billion
each, totaling an initial $3 billion investment
to support the implementation of the Nigeria
Energy Transition Plan.
48
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL AND GAS
SNEPCO MD Says Investing in R&D, Upskilling Nigerian
Youths Will Build Resilence in Oil, Gas, Renewable Energies
By Ndubuisi Micheal Obineme
The Managing Director of Shell Nigeria
E x p l o ra t i o n a n d P ro d u c t i o n
Company (SNEPCO), Mrs. Elohor
Aiboni has said that investing in research
and development (R&D) as well as upskilling
Nigerian youths will build resilence in the
country's oil and gas, renewable energy
industry.
Elohor made this known while speaking in a
panel session at the Nigeria Oil & Gas
Conference and Exhibition (NOG Energy
Week) that took place from July 4-7, 2022 in
Abuja.
In her words, Elohor expressed serious
concern about the need to accelerate more
investment in the Nigerian education
system to empower the younger
generations that will come up with
innovative ideas in driving the country's
energy industry forward.
According to a report, Nigeria has the largest
population of youth in the world, with a
median age of 18.1 years. About 70% of the
population are under 30, and 42% are under
the age of 15. The size and youthfulness of
the population offer great potential to
expand Nigeria's capacity as the regional
economic hub of Africa and globally.
"As a country, we have a relatively young
population. What are we doing to invest in
the young ones today? Our generation here
is pushing for the energy transition. But for
us to be able to develop and make
renewable energy flourish in Nigeria, we
must be ready to invest in them," Elohor
recommended.
"We need to develop our education system
in a way that will help the young people
think outside the box to help us. We need to
start investing in the young ones now.
Recently, Nigerian National Petroleum
Corporation (NNPC) and Shell Nigeria
Exploration and Production Company
Limited (SNEPCo), inaugurated a state-ofthe-art
Information and Communication
Technology (ICT) Centre at the Federal
University of Petroleum Resources, Effurun,
in Delta State. The 100-seater one-story
building was built and equipped by the
Managing Director of Shell Nigeria Explora on and Produc on Company (SNEPCO), Mrs
Elohor Aiboni speaking in a panel session at NOG Conference 2022 in Abuja
NNPC and SNEPCo partnership to promote
research, teaching, and learning in a
conducive environment.
"Research and development plays a key role
in our energy industry. We need to ask
ourselves this question, how are we
investing in R&D as a company and nation?
When you talk about upskilling the Nigerian
youths, we need to invest in that direction
so we can deploy the technology that will
enable us to build resilience in our oil, gas,
and renewable energy sector," Elohor
added.
The NNPC-SNEPCo partnership with the
support of the co-venture partners has
delivered 33 ICT centers in secondary
schools and universities across the country
while two science blocks and laboratories
have also been built and equipped to
promote learning of Science, Technology,
Engineering, and Mathematics among
secondary school students.
Oil and Gas
Nigeria remains an important part of Shell’s
business operations. For its oil and gas
business, Shell Companies in Nigeria are in
collaboration with two Nigerian Universities
researching the production of synthetic
base fluids for drilling operations from local
raw materials, thereby substituting
imported fluids and stimulating industrial
production for the Nigerian oil and gas
industry with cross-sectoral linkages.
Shell have Centres of Excellence for
postgraduate studies at the University of
Benin, for Geoscience and Petroleum
Engineering, and at the Rivers State
University, for Marine and Offshore
Engineering. There are also Shell-endowed
professorial chairs at the University of Port
Harcourt (Petroleum Engineering); the
U n i v e r s i t y o f N i g e r i a , N s u k k a
(Environmental Management and Control);
the Obafemi Awolowo University
(Geophysics); and the Ahmadu Bello
University, Zaria (Mechanical Engineering).
Renewable Energy
Building on the success of its operations in
Nigeria, the company established Shell
Energy Nigeria to deliver competitive and
reliable energy for power generation and
industrial users and to develop gas
distribution to serve people in new regions.
Shell Energy Nigeria is designed to partner
with other sources of energy – including
renewables – to provide competitively
priced and flexible energy, while helping the
country to transition to a lower carbon
energy system.
49
THE ENERGY REPUBLIC I SPECIAL EDITION

NIGERIA OIL & GAS
ND Western Teams at NOG Conference & Exhibition 2022 (NOG Energy Week) in Abuja
Decade of Gas: Nigeria Needs To Expand Gas
Pipelines To All Industrial Hubs - Eberechukwu Oji
...says Government needs to develop policy that enables private capital to invest in
pipeline building to make gas available to all state’s
capital ci es in Nigeria.
By Ndubuisi Micheal Obineme
To industrialize Nigeria under the '
Decade of Gas', ND Western CEO
Eberechukwu Oji has said Nigeria
n e e d s to ex p a n d ga s p i p e l i n e
infrastructures to all industrial hubs in
the country, adding that domestic gas
should be made available to all the
state's capital cities.
Oji made this known in an exclusive
interview with our correspondent at the
sideline of the 21st Nigeria Oil & Gas
(NOG) Conference & Exhibition (NOG
Energy Week) that took place from July 4-
7, 2022 in Abuja.
According to Oji, A country is considered
industrialized if its industrial output
stands at around 20% of its gross
domestic product (GDP).
"Nigeria is far below that as the industrial
capacity isn't there.
"For Nigeria to industrialize, we need to
utilize the gas resources we have. Gas is a
major catalyst for industrialization and
pipeline gas is the cheapest gas that you can
use to spur industrialization".
Speaking further, he said Nigeria has an
opportunity to boost manufacturing and
industrial production by monetizing its
natural gas reserves.
"Government needs to make a singular
objective - may be to start with
manufacturing and other industry-related
sectors to contribute 20% output to our GDP.
"Nigeria can achieve it with gas because gas
has a lot of opportunities which will solve
some of the problems.
"Government should develop policy that
enables private capital to come into pipeline
building to make gas available to all the 33
states capital cities in Nigeria.
"The AKK pipeline is an excellent gas project
to take gas to the North but there are also
demand centers in the East which the
government needs to support in building gas
pipelines towards the East.
"We need to make gas available in Benue,
Ebonyi, and Anambra states as there is
originally conceived eastern gas network.
"If we set this as a national objective, gas
producers like ND Western will be
incentivized to produce more gas because the
supply chains will open up everywhere," he
added.
Furthermore, Oji was also speaking to our
correspondent during that period when the
European Union declared gas and nuclear
power plant as "green energy" to lure in more
private investors.
ND Western owns 45% of OML 34 in the
onshore Niger Delta where it produces oil and
natural gas. It notably operates three gas
processing plants there with a combined
capacity of 600 MMscf/d and supplies gas to
power plants and industries. However,
illiquidity in the power sector value-chain has
made investments into gas production
uneconomically, and demand for gas-based
industrialization is seen as much more
attractive for operators in Nigeria.
50
THE ENERGY REPUBLIC I SPECIAL EDITION

2022
Energy
Transition
Plan
The Energy Transition agenda is building momentum in every part
of the world, especially in the oil and gas industry. The global
challenge posed by the energy transition is to reach Net-Zero
emissions by 2050. It will require collective action from the energy
industry, businesses, and government institutions. It will also require the
development of new technologies, new value chains, and new ways of
working, as well as strong leadership from policymakers. Companies,
customers, governments, and society at large will all have to collaborate,
innovate and adapt in new ways as the journey towards a net-zero
energy system will create dilemmas and trade-offs.
Industry experts have said that the Energy Transition outlook may look
differently in developing countries like Africa compared to other
developed countries in Europe and the Americas. What this means is that
there has to be a mixture of energy solutions to achieve this Net-Zero
Emissions target by 2050. To reach Net-Zero emissions by 2050, annual
clean energy investment worldwide will need more than triple by 2030 to
around $4 trillion, according to the IEA report. The pathway to Net-Zero is
narrow but brings huge benefits, including unlocking new opportunities
in the energy value chain such as increasing investment in other energy
sources like Natural Gas, Hydrogen, Ammonia, Solar Energy, Wind
Energy, Hydro Energy, Geothermal Energy, Biofuels and Biomass Energy,
as well developing new technologies and infrastructures for these
renewable energies.
This magazine was produced as a Special Edition for the Global Energy
Transition Agenda, with a spotlight on Equinor's Energy Transition
Pathway and new investment focus on renewable energies, which are
also aligned with the global pursuit for Net-Zero Emissions by 2050 - in
line with the Paris Agreement 2015. This feature also provides more
insight into the untapped opportunities and business outlook for
renewable energy development.
52
Anders Opedal, Chief Execu ve Officer
(CEO) and President of Equinor
Equinor Fueling Energy Transition With
$23 Billion CAPEX, Project Opportunities
By Ndubuisi Micheal Obineme
Some Facts about Equinor Operations
Ø Equinor’s portfolio of projects encompasses oil
and gas, renewables and low-carbon solutions,
with an ambition of becoming a net-zero energy
company by 2050.
Ø Equinor produces gas equivalent to the gas
consumption of more than 50 million European
households.
Ø Equinor is the largest gas producer on the
Norwegian continental shelf, and the secondlargest
gas supplier in Europe.
Ø In the USA, Equinor has shares and production
in three premium shale oil and gas plays:
Marcellus, Eagle Ford and Bakken..
Ø In Algeria, Equinor operates the In Salah gas
field and the gas and condensate field In Amenas
together with BP and Sonatrach.
THE ENERGY REPUBLIC I SPECIAL EDITION

TOP STORIES
2022
Energy
Transition
Plan
Anders Opedal, Chief Execu ve Officer
(CEO) and President of Equinor
"The current energy supply crunch calls for more investment in
energy production, infrastructure to re-establish a better balance
between cost, security of supply and decarbonising the sector.”
“With the ongoing energy crisis in Europe, Equinor’s main priority remains securing safe
and reliable deliveries. In Q2, we delivered a strong operational performance and
achieved good regularity resulting in high production levels, including volumes from
Hammerfest LNG, now safely back in production. Whilst we would normally reduce gas
production in 2Q, we deliberately maintained high production over the three months;
indeed, we delivered 18% more gas from Norway in 2Q compared to the same quarter
last year. This contributed to help fill European storages,” Anders Opedal.
Equinor's Net-Zero Target
Given the current global energy mix,
there are several energy companies from
all parts of the world, including
International Oil Companies (IOCs)
announcing pledges to achieve net-zero
emissions over the coming decades, and
it continues to grow. One important
initiative is The Oil and Gas Climate
Initiative (OGCI), a CEO-led consortium
that aims to accelerate the industry
response to climate change. OGCI
Climate Investments was formed by 12
oil & gas majors which Equinor, Saudi
Aramco, BP, Chevron, CNPC, Eni,
ExxonMobil, OXY, Petrobras, Repsol,
Shell, and TotalEnergies are all member
companies.
Interestingly, the OGCI is a Climate
Investments of over $1 billion
decarbonization package. All OGCI
member companies have announced
their ambition to achieve net-zero operations
within the timeframe set by the Paris
Agreement. All the OGCI member companies
have implemented their company's energy
transition roadmaps, while OGCI is working to
translate its strategic framework into a set of
ambitious collective actions. These oil majors
account for around 30% of global operated
production and lead the oil and gas industry’s
response to climate change through action
and independently managed investments.
The Chair of, the OGCI Steering Committee,
Bob Dudley said.“OGCI ambition shows the
power of collaboration, bringing together
companies from China, the Middle East,
Europe, Latin America, and the United States
to speed up decarbonization”.
For Equinor, the company has set an
ambitious target, moving from oil and gas into
renewable energies with a new investment
focus on Offshore Wind, Solar Energy,
Hydrogen, Carbon Capture and Storage (CCS),
as well as Batteries storage. Equinor has
integrated these energy resources as part of
its energy transition plan and is committed to
unlocking new opportunities in renewable
energies as it moves to become a Net-Zero
Company by 2050.
Anders Opedal, Chief Executive Officer (CEO)
and President of Equinor stated, "Equinor’s
purpose is turning natural resources into
energy for people and progress for society.
We aim to be a leading company in the energy
transition and have set a clear ambition to
reach net-zero by 2050. The journey has
started. We have already pivoted to
transform our upstream portfolio into one of
the most resilient and carbon efficient in the
industry. We have built a robust offshore wind
portfolio and have the potential to be a world
leader in floating wind. We are shaping the
low carbon industry, leveraging our
advantaged industrial starting point on the
Norwegian continental shelf and proximity to
the European market.
53
OIL AND GAS REPUBLIC I SPECIAL EDITION

TOP STORIES
STATUS 2021
OIL AND GAS
• Production: 2,079 mboe/day
• S1+2 emissions: 12.1 million tonnes
• Upstream CO₂ intensity:
7.0 kg CO₂/boe
• Methane intensity: 0.02%
• Emission reduction measures:
0.3 million tonnes
• ~2% production growth 2021-2022
RENEWABLES
• Installed capacity: 0.7 GW¹
• Energy production: 1,562 GWh
• 10% farmdown in Dogger Bank C
• Acquired Polish renewable
company Wento
LOW CARBON
SOLUTIONS
• CO₂ storage: 0.3 million tonnes
• 4 potential Northern Lights
customers selected for pre-funding
• The East Coast Cluster in the UK
chosen by UK government as track
1 cluster
• Barents Blue project received
government funding
SHORT-TERM ACTIONS
NORWAY
Sanctioned project start-ups
2022-2025:
• Johan Sverdrup Ph2, Njord Future,
Johan Castberg, Breidablikk,
Ormen Lange Ph3
Decarbonisation measures:
• Sleipner, Gina Krog, Oseberg GCU,
Troll West: power from shore
• Njord, Kårstø: electrification
• Snøhvit: CO₂ reduction
• Hywind Tampen: floating wind
INTERNATIONAL
Sanctioned project start-ups
2022-2025:
• Peregrino Ph2, Vito, Azeri Central
East, Bacalhau Ph1
Decarbonisation measures:
• Peregrino: gas import project; vent
gas project; electrical submersible
pumps digitalisation
• Mariner: modifications to flare system
• Bacalhau, BMC-33, Bay du Nord:
CCGT installation, closed flare design
UNDER CONSTRUCTION
~1.6 GW
• Hywind Tampen, Norway
• Dogger Bank A, B, C, UK
• Braniewo and Zagorzyca, Poland
OFFTAKE SECURED
~2.6 GW
• Empire Wind 1 & 2 , US
• Beacon Wind 1 , US
• MFW Bałtyk II & III, Poland
• Various solar projects
PIPELINE
~5.5 GW
• Beacon Wind 2 , US
• MFW Bałtyk I , Poland
• Sheringham Shoal and Dudgeon
Extension, UK
• Firefly and Donghae 1, South Korea
• Onshore renewables, Brazil &
Poland
NORWAY
• Northern Lights Ph1 & Ph2
• Barents Blue: Blue ammonia
UK
• Net Zero Teesside
• Northern Endurance Partnership
• H2H Saltend
NORTHWEST EUROPE
• H2BE, Belgium
• H2M Eemshaven, the Netherlands
US
• Decarbonised regional energy
cluster, Ohio, Pennsylvania and
West Virginia
MEDIUM-TERM AMBITIONS
• Increased production from
optimised, CO₂-efficient portfolio
towards 2026
• New project portfolio: ~2.5 years
pay-back time and IRR of ~30%
(65USD/barrel)
• >40bn USD in free cash flow 2022-
2026
• Net 50% group-wide scope 1&2
GHG emissions reduction by 2030²
• Upstream CO₂ intensity: <8kg CO₂/
boe by 2025 and ~6kg CO₂/boe by
2030
• 4-8% real base project returns
• 23bn USD gross capex 2021-2026
• 12-16 GW installed capacity by
1
2030 5-10 mtpa CO₂ transport and
•
storage capacity by 2030
• 15-30 mtpa CO₂ transport and
storage capacity equal to around
25% market share in Europe by 2035
• Reduce maritime emissions by 50%
in Norway by 2030
• Supply hydrogen to 3-5 major
industrial clusters by 2035, aiming at
10% of the European market share
• >30% annual gross capex, >40% R&D expenditure (incl. energy efficiency),
>50% venture capex towards renewables and low carbon solutions by 2025
• >50% annual gross capex to renewables and low carbon solutions
by 2030
Net carbon intensity (Scope 1,2,3)
20% REDUCTION BY 2030 - 40% REDUCTION BY 2035
54
1. Installed capacity, including capacity from financial investments.
2. 90% of these reductions to be met by absolute reductions.
OIL AND GAS REPUBLIC I SPECIAL EDITION

TOP STORIES
Anders Opedal, Chief Execu ve Officer (CEO) and President of Equinor
"Our new, strengthened ambition to
reduce net group-wide operated
emissions by 50% by 2030, shows that we
are focused on medium-term actions
consistent with the goals of the Paris
Agreement and a 1.5-degree pathway.
Rapidly reducing our emissions is
necessary but not sufficient. To be an
effective agent of change in the energy
transition, we must help society
decarbonize by providing our customers
and end-users with energy that has lower
– and eventually net-zero – emissions. To
achieve this, we have a clear plan to apply
our experience and competence in oil
and gas to new sectors of the energy
system.
"We will generate strong cashflow from a
highly focused, carbon-efficient oil and
gas business to fund our transformation.
We will continue to scale up our
investments in renewables to create
value from our existing portfolio and a
high-quality project pipeline.
“
We are developing and
deploying the industrial
value chains of the
future in hydrogen and
carbon capture and
storage (CCS) to enable
other industries to
decarbonize their
activities.
In parallel, we will continue to work with
our suppliers and customers, host
governments, and civil society to develop
the business models, policies, and
frameworks to enable the world to achieve
net zero by 2050".
Commenting on Equinor's financial results for
the second quarter in 2022, Anders said that
Russia’s ongoing war in Ukraine calls for more
investment in energy production and
infrastructure to re-establish a better balance
between cost, security of supply, and
decarbonizing the sector.
According to him, "Equinor continues to
ensure safe and stable energy production as
a reliable supplier, but we know that the
climate crisis demands action, and we
continue to invest in the energy transition.
"With the ongoing energy crisis in Europe,
Equinor’s main priority remains to secure safe
and reliable deliveries. In second quarter, we
delivered a strong operational performance
and achieved good regularity resulting in high
production levels, including volumes from
Hammerfest LNG, now safely back in
production. Whilst we would normally reduce
gas production in 2Q, we deliberately
maintained high production over the three
months; indeed, we delivered 18% more gas
from Norway in 2Q compared to the same
quarter last year. This contributed to help fill
European storages".
Offshore Renewables
Offshore renewables are a rising force in the
global energy sector. Renewables such as
offshore wind energy are now widely
recognized as a proven and reliable source of
energy and it is forecasted to grow in the
coming years.
Several countries have identified offshore
renewables such as wind energy as a key
component of their renewable energy
policies, and a growing number of
jurisdictions have announced capacity targets
and supportive policies.
For instance, electricity generation in global
economies and societies is growing rapidly. In
a report published by International Energy
Agency (IEA), global electricity demand
doubled between 1990 and 2016, outpacing
growth in consumption of fuels. For the
moment, the vast majority of this electricity is
generated onshore and the overwhelming
share of offshore energy activities relates to
hydrocarbons supply (more than one-quarter
of global oil and gas production comes from
offshore fields). But the offshore generation
of electricity from renewable sources has
been gaining momentum, mainly from
offshore wind and, to a lesser extent, from
other marine technologies.
IEA report revealed that installed offshore
wind capacity has risen from 3.2 GW in 2010
to 18.7 GW in 2017, by which time it
contributed some 56 terawatt-hours (TWh) or
0.3% of global electricity generation. The key
factor behind the rise of offshore wind has
been a concerted series of public-private
initiatives undertaken by countries bordering
the North Sea in Europe. More than 80% of
global offshore wind capacity is located in
Europe, led by the United Kingdom with an
installed capacity of 6.8 GW and Germany
with 5.4 GW. Beyond Europe, only the
People’s Republic of China has a large-scale
offshore wind capacity, at 2.7 GW, while
smaller offshore wind facilities are located in
the United States, Korea, and Japan.
Among the G7 economies (and indeed among
all countries worldwide), the most ambitious
capacity targets for offshore wind are in the
United Kingdom and Germany. The United
Kingdom announced in July 2018 its intention
to hold auctions every two years from 2019;
depending on the auction prices, this could
see 1-2 GW of new offshore wind installed
every year. Germany is targeting 15 GW of
offshore wind installation by 2030. France
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has a target of 3 GW by 2023 and an
additional 6 GW by 2030. Italy has a
strong overall goal for wind generation in
its national energy strategy. Other
countries with specific commitments to
offshore wind in the European Union
include the Netherlands, Denmark, and
Sweden.
Furthermore, Global Offshore Wind
Report 2022 published by the Global
Wind Energy Council (GWEC) recently,
disclosed that a total capacity of 21.1GW
was connected to the grid in 2021, a new
industry record and three times more
than in 2020.
This brought the cumulative global
offshore capacity to 56GW by year’s end,
equivalent to 7 percent of the total
installed wind capacity.
GWEC Market Intelligence expects over
315GW of new offshore capacity to be
added by 2031. The cumulative global
will then be 370GW. 29per cent of the
new volume is expected to be
operational by 2026. As for floating
project development activities, the
GWEC report now believes an installed
capacity of 18.9GW will likely be
operating by 2030, with 11GW in
European waters, 5.5GW in Asia, and the
remainder in North America.
However, GWEC’s 10-year overall
forecast might well need revising upward
significantly in the near future after
Russia’s invasion of Ukraine has kick
started comprehensive energy system
reform packages in Europe and beyond.
T h e E U p l a n s t o a c h i e v e f u l l
independence from Russian oil and gas
imports, with a major part of the
resulting energy gap to be filled by
accelerating the build-up of new offshore
56
wind capacity. Wind energy would then
generate a much higher portion of clean
electricity, which would be partially fed into
the grid and partially used to produce
hydrogen via Power-to-X. In an additional
process, green hydrogen could then be
converted to e-ammonia and e-methanol as
ship fuels.
Tackling these challenges quickly and
decisively requires governments and the
industry to make a massive effort. Doing so
will open up many opportunities for a wide
variety of energy companies to showcase
suitable products and services in the years to
come.
Equinor’s Investments in Renewables
Based on our findings, the offshore energy
sector, encompassing oil and gas production
as well as electricity generation from wind
energy and other marine technologies,
requires a major investment of about $5.9
trillion in capital spending (CAPEX) to further
unlock the potentials. The question is how
can offshore renewables transform the oil
and gas industry?
In Equinor's Energy Transition Plan, the
company's strategy is centralized on three
pillars, which are carbon-efficient oil and gas
production with accelerated, value-driven
expansion in renewables and leadership in
building out new low-carbon technologies
and becoming a leader in carbon
management and hydrogen. Each of these
pillars will contribute individually and
collectively as Equinor transitions into a broad
energy company and achieve its net-zero
target by 2050. The Energy transition plan
integrates key elements of Equinor’s
decarbonization strategy with existing actions
and ambitions. It also includes information on
capital allocation, policy engagement, risk
and performance frameworks, and other
enablers to deliver on the company’s
ambitions.
Equinor’s energy transition plan involves the
company's commitment to allocate more
than half of its annual gross capital
expenditure to renewables or low carbon
solutions by 2030. Despite the shift toward
renewables, Equinor has confirmed that it will
continue to produce oil and gas for the
foreseeable future to excel in operational
emissions management, maximize the
efficiency of infrastructure in Norway, and
optimize its international business portfolio.
The energy transition requires significant
investments at all levels both in the shortterm,
medium-term, and long-term
scenarios. In another report published by IEA
titled "World Energy Investment 2021", global
energy investment is set to rise to USD 1.9
trillion, while global power sector investment
only is set to increase by around 5% from 2021
to more than USD$820 billion going forward.
However, renewables dominate investment
in new power generation and are expected to
account for 70% of 2021's total of USD 530
billion spent on all new generation capacity.
Furthermore, the Net-Zero pledges and
sustainable financial instruments are building
momentum to support stimulus spending on
clean energy technologies and projects. Many
developed countries have rallied around
sustainable finance, launching funds and
initiatives to channel the growing appetite
from capital markets and to comply with Paris
Agreement.
IEA revealed that about USD$750 billion was
expected to be spent on clean energy
technologies and efficiency worldwide in
2021 which is below what is required in
climate-driven scenarios. "Clean energy
investment would need to double to maintain
temperatures well below a 2°C rise and more
than triple to keep the door open for a 1.5°C
stabilization," IEA said.
THE ENERGY REPUBLIC I SPECIAL EDITION

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Anders Opedal, Chief Execu ve Officer (CEO) and President of Equinor
To accelerate to a climate-aligned energy
pathway requires a broad range of
government actions, including attention
to the financial architecture that can
accelerate direct investments in marketready
solutions and promote innovation
in early-stage technologies.
Oil and gas companies are adopting new
investment focus on renewables to meet
the needs of the global energy transition
agenda. Although, it will take different
forms, including commitments to reduce
emissions resulting from oil and gas
supply or to invest in new areas such as
offshore renewables.
In a statement made known to The
Energy Republic,
This investment has automatically
increased Equinor's share of gross CAPEX
for renewables and low carbon solutions
from around 4% in 2020 to more than
50% by 2030. As part of the company's
strategy to become a leading global
energy player, Equinor has also set a
target to install a total of 12-16 GW of
renewable energy capacity by 2030 -
which is more than twice the total global
offshore wind capacity installed in 2020.
Equinor’s net carbon intensity and netzero
ambitions organic capital
expenditures of 10 billion USD for 2022-2023
and 12 billion USD for 2023-2024 will result
from an increasing share of renewable
investments, which are expected to total 23
billion USD in the period 2021-2026. Our
capital allocation to renewables and low
carbon solutions will accelerate towards
2030. From the company's share of 4% of
annual gross CAPEX in 2020, renewables and
low carbon investments are expected to
grow to above 30% of annual gross CAPEX by
2025 and over 50% of annual gross CAPEX by
2030 - which is aligned with the goals of the
Paris Agreement and the Norwegian state’s
ambition for emission reductions from the
oil and gas industry.
The company disclosed that in 2021, it
developed a separate reporting segment for
its renewables unit to recognize its strategic
importance and materiality. In 2021, capital
gains from renewables were 1.4 billion USD, a
more than seven-fold increase from 2020,
resulting primarily from profitable asset farmdowns.
“ “
Equinor is investing
about $23 billion in
capital expenditure
(CAPEX) for offshore
wind projects over the
next five years (2021 -
2026).
Speaking on this development, Equinor's
CEO, Anders Opedal explained: "We are
accelerating the transition and setting an
ambition to reach a 40% reduction in net
carbon intensity by 2035, on the way towards
net zero by 2050.
“We are stepping up investments in
renewables and low carbon solutions to more
than 50% of gross annual investments by
2030; Growing cash flow and returns,
expecting a free cash flow of around USD 35
billion(3) before capital distribution in 2021 –
2026 and around 12% return on average
capital employed(2) in 2021 – 2030;
Increasing the quarterly cash dividend to 18
cents per share and introducing new share
buy-back programme.
“Our strategy is backed up by clear actions to
accelerate our transition while growing cash
flow and returns.
“
We are optimizing our
oil and gas portfolio to
deliver even stronger
cash flow and returns
with reduced emissions
from production, and
we expect significant
profitable growth within
renewables and low
carbon solutions. This is
a strategy to create
value as a leader in the
energy transition.
“This is a business strategy to ensure longterm
competitiveness during a period with
profound changes in the energy systems, as
society moves towards net zero. We are
building on our position as a global leader in
carbon-efficient production of oil and gas. We
will continue to cut emissions, and in the
longer term, Equinor expects to produce less
oil and gas than today recognizing reducing
demand. Significant growth within
renewables and low carbon solutions will
increase the pace of change towards 2030
and 2035.”
Equinor has divested
assets worth USD$2.3
billion, booked a capital
gain of USD 1.7 billion,
and expects to deliver
nominal equity returns
in the range of 12% –
16% from the offshore
wind projects with
offtake contracts in the
UK and US.
Project Opportunities
The project opportunities listed in Equinor’s
energy transition plan include Empire Wind
and Beacon Wind in the United States,
Doggerbank in the UK, and its projects
offshore Poland, which contribute two-thirds
to the company's goal of 12 to 16 GW by 2030,
with real returns of 4% to 8%.
57
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Equinor's Low carbon solu ons project funnel
Since Equinor announced its updated strategy and updated short and medium-term ambi ons in
June 2021, the company have made significant progress accelera ng its energy transi on plan.
1. Installed capacity, including capacity from financial investments.
2. 90% of these reductions to be met by absolute reductions.
58
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20% in the first period and then towards also
reducing 40% later in 2035.
“The point is really to have a measurable
roadmap. Our roadmap also includes carbon
storage capacity up to 30,000,000 million by
2035 and in 2040 70% reductions in emissions
in Norway where we have the biggest
operations in our portfolio.
Nina Birgi e Koch, Managing Director, Equinor Angola
"Equinor wants to be part of the solution. We
want to be a leading company in energy
transition and there are three areas we are
focusing on, which include having very high
growth in renewables. This is a new market
with new opportunities and this is an area in
that we want to have a strong footprint.
Optimized oil and gas portfolio
Despite investing in renewable energies,
Equinor has stated clearly that it will
continue to produce oil and gas for the
foreseeable future and will continuously
improve its infrastructure on the
Norwegian Continental Shelf (NCS) and
international business portfolio.
Equinor projected that its capital
expenditure in oil and gas in 2022-2023
will reach around USD$8 billion and is
expected to remain at the same level
towards the middle of the decade. This
investment will result in the production
of oil and gas for both traditional end-use
applications and as inputs into
decarbonized energy sources via
hydrogen and ammonia and power
generation and industrial processes with
CCS.
"Since 2015, we have reduced our
upstream carbon intensity by around
30%, bringing it below half of the current
industry average. We have set a target to
keep our upstream carbon intensity
under 8 kg CO₂/boe by 2025 and around
6 kg CO₂/boe by 2030.
"In 2021, Equinor’s corporate methane
emissions intensity was 0.02% which is
around one-tenth the average of Oil and
Gas Climate Initiative (OGCI) member
companies. We will continue to develop
and implement technologies and
procedures to detect and reduce
methane emissions, support industry
efforts to reduce methane emissions
across the oil and gas value chain,
increase the quality and transparency of
reported data, and support the
development of sound methane policies
and regulations," the company said in a
statement.
59
Currently, Equinor's oil and gas business
portfolio delivers a free cash flow after tax
and investments of USD$45 billion between
2021 to 2026. New projects coming on stream
by 2030 have an average break-even below 35
USD/bbl and a short payback time of less than
2.5 years.
On the Norwegian continental shelf, Equinor
is optimizing its operations to deliver strong
value creation and an average annual free
cash flow of around USD$4.5 billion in 2021 –
2030. Further improvements at the worldclass
Johan Sverdrup field reduce the breakeven
price for the full field by 25% to 15
USD/bbl.
“
Today, Equinor is
producing 2 million
barrels of oil equivalent
per day and in the third
quarter of 2021, we had
USD$10 billion in net
operating income.
I'm saying this because it's like an industrial
adventure. So, what about the next 50 years?
What about the transition and what can we
do to stay in business? Energy Transition is
going on as we speak, and we have passed the
stage of discussions about it. It's just about
when and how we can work together.
"Our Net-zero roadmap has identified our
goals along the way towards net-zero and
already in a few years by 2025, we will have
30% of investments within renewables and
we will increase to 50% by 2030. We also have
carbon intensity goals going down to reducing
"We have done carbon capture and storage
(CCS) for 20 years offshore Norway. So we
have the experience but we want to do much
more. We also have carbon-efficient oil and
gas production that's like the third one and we
want to focus on specific parts of the world,
the best scenarios, and the most competitive
to reduce emissions within oil and gas
production. So those are the three things and
also find ways of contributing as a company
with reduced emissions from our production.
“
We will also work on
developing new
technology within the
CO2 solutions. We want
to invest in nature-based
solutions like for instance,
carbon sinks.
"We produce oil and gas in Angola. Our CEO
has made it clear that we will continue to
produce oil and gas for a long time. But, we
need to do it competitively with the lowest
carbon footprint.
"We will stay in oil and gas for quite a while
because it's necessary and part of the energy
mix. And Angola is very much on our agenda
being a core area with oil and gas and there's
also a potential for renewables. So again,
Equinor wants to be part of the solution
turning all the challenges into opportunities,"
says Nina Birgitte Koch, Managing Director,
Equinor Angola during a panel session at the
Angola Oil and Gas Technology Conference
(AOTC) 2021.
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“As an energy company, Equinor wants to be
at the forefront of taking on these challenges.
We launched our ambition of becoming a netzero
company by 2050. This includes both
emissions from production and energy use.
“We have developed three pillars to become a
net-zero company by 2050. We will achieve it
by upgrading our portfolios and focusing on
abasement measures.
“In our new climate roadmap, we have also
introduced the ambition to have a carbonneutral
global operation by 2030.
Christel Kvalvik, Managing Director at Equinor Nigeria Energy Company Ltd
“This means by that time, the remaining
emissions from our oil and gas operations will
be compensated by nature-based solutions.
In 2019, Equionor renewed its licenses
for two of its major partner-operated
assets, blocks 15 and 17, until 2032 and
2045 in the Angolan oil and gas industry.
In an exclusive interview with The
Business Year, Nina Koch commented, "In
Block 17, the Dalia hub has reached 1
billion barrels of production last year
w i t h o u t l o st-time i n j u r i e s , a n
outstanding achievement.
" A d d i t i o n a l l y, f i v e h i g h - v a l u e
development projects have been
executed in Block 17 since 2018, and
we've had the first oil from three of those
projects in 2021. All have been safely
executed by the operator TotalEnergies
and will also have a positive impact in
reducing the accumulated carbon
intensity from the fields, which is
extremely important to Equinor.
"We also entered two exploration
licenses, Block 1/14 and Block 29. Block
29 is operated by TotalEnergies, and 1/14
is operated by ENI. One of the
advantages of the oil and gas industry in
Angola is that it is very professional with
long experience, and it is also a very good
collaboration within the industry. I am
proud of what we've been able to
achieve in Angola over the last couple of
years.
"Going forward, we will continue to
maximize the value of our assets and find
ways to lower CO2 emissions from our
assets".
Speaking at the virtual Africa Energy
Series 2021 (online event) which was
covered by The Energy Republic, and
60
organized by Global Event Partners, Christel
Kvalvik, Managing Director, Equinor Nigeria
Limited said that Africa’s energy transition
journey may look different compared to
Europe and the United States.
Christel said,
“
Equinor believes that
gas will play a
significant role in
Energy Transition in
Africa.
But, there are two concerns.
“Gas is more complicated than oil and it
depends on the strong collaboration between
the industry and the government.
“Gas is used in different parts of the world and
not everyone sees gas as clean energy. There
is a job to do in creating the understanding
that the Energy Transition journey may look
differently in Africa”.
“
Equinor is currently building
its business folio around
renewable energy, adding
that the company has
launched a new structure for
its international portfolio
that includes an African cluster
which will allow Equinor to
build a more holistic and
innovative strategy for the
African region.
“We are working very closely with the
Norwegian government, suppliers, and with
various industry stakeholders. There are a lot
of things going on to reduce our carbon
footprint in our operations,” she added.
In addition, Equinor is leveraging new
technologies and building new capacities to
support its energy transition plan. The energy
transition plan integrates key elements of
Equinor’s decarbonization strategy with
existing actions and ambitions. It includes
information on capital allocation, policy
engagement, risk and performance
frameworks, and other enablers to deliver on
the company’s ambitions.
Equinor's international portfolio is set to
deliver strong cash flow, become more robust
towards lower prices, and show a significant
upside at higher prices.
At the PETAN's Sub-Saharan Africa
International Petroleum Exhibition and
Conference (SAIPEC) 2021, Christel Kvalvik,
Managing Director, Equinor Nigeria Energy
Company Ltd, provided more insight on the
company's business model during her
presentation in a panel session titled “IOCs
perspective on Dynamics’s of Sub- Saharan
Africa’s Energy, Oil and Gas as we Strive to a
Low Carbon Future.”
She said Equinor has added hydrogen,
ammonia, and biofuels in its energy transition
plan, noting that the company has set a clear
ambitious target to use ammonia on its
offshore vessels by 2024 as part of the
company’s strategy to explore opportunities
in offshore renewable energy resources.
“We have developed a new international
business portfolio that includes onshore and
offshore renewables which make the
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Equinor have partners have signed an agreement to make the world’s first pilot project for
ac ve, nature-based #carboncapture at sea a reality! Sugar kelp carbon capture
company take a more holistic approach
to work closely with government and
industry stakeholders to share
experience, technology, and resources.
“We have assets and partner-operated
assets in more than 20 countries.
Equinor’s objectives are to turn natural
resources into energy for people and
progress for society.
“
We are looking at
electrifying some of
our offshore assets
with power cables
from land, and
offshore wind
turbines.
“We are also doing integrated onshore
base ports which guide the totality of our
portfolio on the Norwegian Continental
Shelf on both production and emissions.
“In our new climate roadmap, we have
introduced the ambition to have a
carbon-neutral global operation by 2030.
We are also looking at various range of
digital tools to reduce emissions from our
current operations. This means by that
time, the remaining emissions from our
oil and gas operations will be
compensated by nature-based solutions.
“
We are adopting
hydrogen, ammonia, and
biofuels. By 2024, we will
have some of our vessels
running 300 hours with
ammonia.
61
“We have a very close collaboration with the
maritime industry on green shipping. We are
working together to improve selling patterns,
reduce consumption, and develop new fuels.
We are also working very closely with the
Norwegian government, suppliers, and with
various industries,” she added.
According to Christel, "Equinor has powered
more than one million homes with
renewables, including offshore wind from UK
and Germany.
“Our pillar in our strategy also includes
decarbonization. We will look at this from
different angles. There is also a very
important building block for our net-zero
ambition which is Capturing & Storing C02
underground.
“Equinor has a long history of storing C02 in
the North Sea. We will build on this
experience when we are part of developing a
full-scale value chain for carbon-capturing
storage,” she concluded.
By 2035, Equinor’s ambition is to develop the
capacity to store 15 -30 million tonnes of CO2
per year and to provide clean hydrogen in 3-5
industrial clusters.
Unlocking new opportunities in low
carbon solutions
The energy transition represents an
opportunity for energy companies to leverage
their innovations to develop and grow new
energy resources. However, an enabling
environment with policy development will
facilitate a just energy transition for the oil
and gas industry.
Equinor supports a transition that is just and
inclusive, enabling long-term social,
economic, and human rights benefits for
workforces and communities.
"Our just transition approach will build on our
heritage, purpose, and values and include
clear priorities and measurable actions
towards the three stakeholder groups mostly
affected by our transition: our workforce, our
suppliers and their workforce, and our host
communities. It will consider how we use local
content in our projects; how we can help host
communities build resilience to climate
change impacts; and how Equinor can be a
driver for regional decarbonization
strategies".
In addition to increased national climate
ambitions and meaningful carbon pricing,
Equinor supports
policies that target the most significant
greenhouse gas sources; Transparent and
internationally aligned, to trigger investments
and innovation; Phasing out subsidies on
fossil fuels that exacerbate climate change
and undermine the effects of climate-related
policy measures' Promote research and
development through public measures that
stimulate investments in low carbon
solutions.
"To ensure we continue to retain a
competitive advantage in low carbon
technologies and business models, 40% of our
Research and Development (R&D) budget will
be allocated to these areas by 2025.
"To fund the transition of the company
toward net zero and to ensure strong capital
distribution through the journey, the
optimized oil and gas portfolio will continue to
be invested in to deliver cash-flow and value.
"Oil and gas projects coming on stream by
2030 will have a volume-weighted average
breakeven under 35 USD per barrel".
THE ENERGY REPUBLIC I SPECIAL EDITION

EQUINOR INTERVIEW
Christel Kvalvik, Managing Director at Equinor Nigeria Energy Company Ltd
“Equinor Will Become A Leading Global
Player in Renewables to Support the
Energy Transition” - Christel Kvalvik
The Energy Republic talks to Christel Kvalvik, Managing
Director of Equinor Nigeria Energy Company Limited, about
the company’s action plans to unlocking new opportunities
around the energy transition. Christel also provided an update
on Equinor’s involvement in Tanzania's $30 billion LNG deal.
Interview by Ndubuisi Micheal Obineme
TER: Welcome back to the post-COVID-
19 era. Please could you shed more light
on Equinor's main building blocks in
navigating the pandemic?
Christel: In 2021, the Covid-19 pandemic
showed signs of being less severe.
However, there continues to be
uncertainty around the duration and
extent of the impact of the Covid-19
pandemic. Equinor’s operations and
workforce, including projects under
development, have and continue to be
impacted by the global Covid-19 pandemic.
Quarantine rules, travel restrictions,
workforce shortage, supply chain disruptions,
and Covid-19 prevention and mitigation
controls, such as social distancing
requirements and reduced utilization of
offshore beds, have resulted in lower activity
levels on certain sites, causing delays, cost
increases, and disruption of further work.
As a consequence, the start-up of projects
(Njord future, Johan Castberg, and Peregrino
phase 2) have been postponed.
EQUINOR INTERVIEW
In addition, certain of our suppliers and
customers have and continue to be impacted
by the spread of the pandemic, and the
efforts to contain it, and may as a result
explore invoking contractual clauses such as
those involving force majeure. There can be
no assurance that the ongoing Covid-19
pandemic, new variants, and efforts to
contain the virus will not materially impact
our operations or financial condition.
TER: Equinor has set a target to become a
net-zero company by 2050, with a new
investment focus on onshore and offshore
renewables as part of its energy transition
plan. What are the growth and project
opportunities in Equinor's Energy Transition
Strategy?
Christel: Equinor is applying its competitive
advantage to create value in new areas of the
energy system. A central element in this
effort is our goal to become a leading global
player in offshore wind. We will accelerate
growth in renewables to strengthen our
competitive position and achieve the
economies of scale necessary to improve
returns. To build a competitive wind
portfolio, we are applying our experience in
technology, innovation, and project delivery
and building new competence and capacity
to support the transition. We have the
ambition to have a total of 12-16 GW of
installed net renewable capacity¹ by 2030 –
five years earlier than previously announced.
To put that in perspective, this would equal
more than twice the total global offshore
wind capacity installed in 2020. We have
already accessed around two-thirds of our
growth ambition through a competitive and
high-quality pipeline anchored by our
Dogger Bank and Empire and Beacon Wind
projects in the UK and US. As we execute on
these world-class projects, we are well
positioned to grow our presence in markets
where we look to continue to create value
and optionality.
As we expand our global wind portfolio, we
are also moving into regions, such as Eastern
Europe and East Asia, where there is
potential for our renewable projects to
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EQUINOR INTERVIEW
displace coal from the electricity mix. Throughout our expansion into
renewables, we will continue to be guided by a focus on capital
discipline, value creation, and delivery.
Based on our outlook, we plan to allocate around 23 billion USD gross
CAPEX to renewables between 2021 and 2026 and expect a real base
project return of 4-8%. In addition to our investments in offshore wind,
we are expanding into other areas of renewable energy. Our significant
equity ownership stakes in Scatec, a leading renewable power producer,
and Noriker Power, a UK-based battery storage developer focused on
utility-scale storage, are some examples.
Equinor Ventures, our corporate venture arm dedicated to investing in
ambitious early phase and growth companies, has a mandate of 750
million USD, with more than 50% of the fund’s capital being deployed
towards renewables and low carbon activities by 2025. The current
portfolio comprises more than 40 investments, with an almost even split
between oil and gas, renewables, and low carbon solutions.
TER: What role will offshore renewables and carbon capture (CCUS)
play in Equinor's global operations more especially in the Northsea?
Christel: We are applying our decades of CCS experience to reach our
ambition of developing a CO₂ transport and storage capacity of 5-10
million tonnes by 2030 and 15-30 million tonnes1 by 2035. Since 1996,
we have safely stored nearly 20 million tonnes of CO₂ at our Sleipner
field. In addition to our technical experience, we are capitalizing on the
competitive advantage of our established geographic footprint. Our
North Sea infrastructure lies close to potential carbon and hydrogen
markets. The Northern Lights project, which we are developing with our
partners Shell and TotalEnergies, is an essential step. Northern Lights is
part of the full-scale Norwegian Longship CCS project, the first ever
cross-border, open-source CO₂ transport and storage infrastructure
network. It will offer companies across Europe the opportunity to
capture and store their CO₂ safely and permanently underground.
Beyond the NCS, we are pursuing CCS projects in other regions that have
the necessary framework conditions for low carbon solutions. In the UK,
we are part of the Northern Endurance Partnership, which aims to put in
place the offshore infrastructure to transport and store CO₂ from
projects in the UK’s pioneering East Coast Cluster (ECC). The ECC, which
was selected in 2021 by the UK government as one of its first two carbon
capture and storage projects, has the potential to transport and securely
store nearly 50% of all UK industrial cluster CO₂ emissions, equaling up to
27 million tonnes of CO₂ emissions a year by 2030.
TER: Talking about the global energy transition agenda, please could
you provide more insight on Equinor's action plans toward
Decarbonization, Digitalization, and Decentralisation?
64
Equinor's Operations in Nigeria
Ø Equinor has been in Nigeria since 1992..
Ø Equinor has played a significant role in
developing Nigeria’s biggest deep-water field,
Agbami, utilising one of the world’s largest
floating production, storage and offloading vessels.
Ø Daily equity production of 26,000 (2021).
Ø Equinor has a 20.21% stake in the Agbami oil
field, while Chevron is the operator with 67.30%
interest and Prime 127 holds the remaining 12.49%.
Ø We have drilled 10 wells with 40% discovery rate
and invested more than US$3.5 billion.
Ø Equinor is a supplier of refined products in
Nigeria.
Ø Equinor also operates two exploration licences—
OMLs 128 and 129—with a 53.85% share in both.
Six wells have been drilled in both, with two
discoveries made..
Ø Equinor has paid over US$3 billion in taxes to
the Federal Government of Nigeria.
Christel: Hydrogen offers a low and zero-carbon solution to
sectors that are technically difficult to decarbonize, such as
heavy industries including steel and cement; and transport
sectors such as heavy duty trucking, shipping, and aviation.
Because of its versatility, most credible low carbon scenarios
include significant deployment of hydrogen. Pursuing a
technology-neutral approach to hydrogen development will
enable the fastest and most cost-efficient decarbonization
across sectors and regions.
To this end, we aim to supply hydrogen to 3-5 major industrial
clusters by 2035, aiming at a 10% market share of clean
hydrogen in Europe. We plan to realize these ambitions
through a portfolio of hydrogen projects, centered in
industrial clusters in Norway, Northwest continental Europe,
the UK, and the US.
We have made considerable progress on some of our key
projects and added several new ones, including the H2BE
project for low carbon hydrogen production in Belgium and
THE ENERGY REPUBLIC I SPECIAL EDITION

EQUINOR INTERVIEW
an initiative to develop a low carbon and
hydrogen industrial region in the tri-state
area in the US.
As we execute our strategy of providing
hydrogen and CO₂ management services to
large industrial clusters, we retain
s i g n i f i c a n t o p t i o n a l i t y a c r o s s
d e c a r b o n i z a t i o n s e g m e n t s a n d
geographies.
TER: With the recent announcement
about the signing of the contract for
Tanzania's $30 billion LNG deal between
the Government, Equinor, and partners.
What is the significance of this project on
your company's investment in East Africa
and the opportunities it will create in the
region?
Christel: Equinor, together with Shell and
partners, initialed a Framework Agreement
with the government of Tanzania on June
11, 2022, aligning on some of the key
fundamentals needed for the development
of an LNG project in the country.
The development is an encouraging step as
in early 2021 Equinor decided to make an
impairment of the full investment in
Tanzania. At the time, the overall LNG
project economics had not improved
sufficiently to make it globally competitive
and justify keeping it on the balance sheet.
However, under the leadership of the new
Tanzanian President Samia Suluhu, the
negotiations have resumed, leading to the
positive milestone on June 11th.
The framework agreement sets the stage
for negotiations to continue towards a fully
termed Host Government Agreement
(HGA), with a completion target date of
December 2022.
While there is positive momentum for the
project, there is still a lot of hard work
needed to achieve the next milestones and
our negotiating team will be working
tirelessly in the coming months.
TER: Some experts have said that the
pathway for energy transition may be
different in developing countries such as
the African continent based on their
energy potential. How is Equinor working
to support a Just Energy Transition in
Africa?
Christel: Most of our assets in Africa are at
the moment non-operated. Through
collaboration with partners and several
national oil companies (the latter through
Memorandum of Understandings (MoUs)),
we work to ensure that the majority of nonoperated
assets now have a GHG emissions
reduction plan.
For example, through the MoUs signed with
Sonatrach and YPF, we will share
experiences and explore potential
opportunities to reduce flaring and
methane emissions, energy efficiency, and
reporting of GHG emissions.
We have also agreed to evaluate potential
cooperation for the use of renewables,
carbon capture, utilization, and storage
(CCUS), and low-carbon hydrogen solutions.
We also actively participate in the Oil and
Gas Climate Initiative and thereby
encourage others to move towards net-zero
operations and, most urgently, to near zero
methane emissions.
TER: Furthermore, Equinor has a strong
footprint in Nigeria, and is involved in
major oil and gas projects. With the signing
of the Petroleum Industry Act (PIA) and the
'Decade of Gas' initiative led by the Federal
Government of Nigeria. What are Equinor's
pivotal projects and main focus areas in the
country?
Christel: The development of gas resources
takes time and requires adequate incentives
to encourage investment. Equinor wants to
be the catalyst and force for engaging with
all stakeholders interested in really moving
forward on deep water gas development.
We want to make gas, whether it is LNG or
LPG, a viable investment proposition for
Nigeria.
We want to end up in a situation where
there are numerous gas projects which are
to benefit of Nigeria’s industrialization and
economic development.
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THE ENERGY REPUBLIC I SPECIAL EDITION

ONS 2022 FEATURES
69
President Zelensky Invites Investors to
Explore Opportunities in Ukraine's Energy,
Oil, Gas Industry
Norway Commits EUR 205 Million to Fund
70
Natural Gas Supply to Ukraine
71
Equinor, Shell, TotalEnergies Signs
Commercial Agreement on Carbon
Capture and Storage Deal
ONS CONFERENCE 2022 PRESENTS ‘TRUST’ AGENDA
For Growth Opportunities in Offshore Energy Industry
By Ndubuisi Micheal Obineme
Offshore Northern Seas (ONS) Conference
and Exhibition 2022 comes at a time when
the world is facing challenges in shortage of
energy supply following the Russia-Ukraine
war coupled with the global energy
transition agenda and net zero ambitions.
ONS Conference 2022 taking place from
29th August to 1st September 2022 with
the theme "TRUST' provides an insight into
the crucial issues in the offshore energy
industry, including the energy security crisis
in Europe.
Speaking at the opening ceremony, Edward
Daniels, Chair ONS Conference Committee
said many countries are facing challenges
ranging from the impact of COVID-19, the
war in Ukraine, anxiety about the security
of supply, the challenge of the energy
transition, and even the highest inflation in
decades hitting many countries.
“
Lack of trust plays an
important role in all
of these challenges.
What matters is we need to address this,"
said Daniels.
"Whether it's trust in scientists and experts,
trust in governments, and energy
companies. We know that people have a
hard time trusting energy companies. We
need to restore the trust in the energy
sector.
“We need to continue to invest and
collaborate because it's the only way that
we can achieve our goal, as we all want to
see a fair and clean energy system that has
zero emissions in tackling climate change”
He added, "I believe there's only one real
way to restore trust. The energy business
needs to do the right thing. And we need to
be fully transparent with the targets and the
actions that we're taking.
"We need to be very open about the fact
that the world can't immediately dismantle
the fossil fuel industry.
“
The world is going to
continue to invest in the
supply of oil and gas for
years to come..
And at the same time, the world has got to
tackle climate change to achieve a net zero
emissions energy system.
"This is a balance we need to get right. And if
it were easy, we'd have done it by now. This
is a difficult thing to do.
"To move the world's energy supply away
from fossil fuels, we need to work on
demand and supply, moving demand from
hydrocarbon-based energies to low
emissions forms of energy..
"Countries, companies, and communities
have all set ambitious targets. But these
targets have to be conjoined with practical
action. The whole of the energy sector,
including oil and gas companies need to act
responsibly and drive the energy transition
forward. But the energy sector can't do it
alone.
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ONS 2022 FEATURES
His Royal Highness Crown Prince of Norway Haakon
“We need to work together and
collaborate w i t h governments,
customers, and the rest of civil society in
trusting relationships.
“It's going to take bright minds, brave
politicians, bold entrepreneurs to crack
this particular challenge”
As energy industry stakeholders, players,
and political leaders scramble for
resolutions to Europe’s current energy
challenges at ONS 2022, His Royal
Highness Crown Prince Haakon stated
that ONS is a meeting place for the
energy industry to further discussions
and adopt new solutions to addressing
issues around the offshore oil and gas
industry.
He said,
“
Since the 70s, ONS has
been a vibrant
meeting place for the
energy industry and
government institutions.
I have had the pleasure of following the
ONS through decades from the aid solely
of fossil fuels to its more recent focus on
renewable energy sources. And today,
the energy debate is at the heart of our
most complex challenges.
"The discovery of oil and gas in Norway
and the way we as a nation handled our
newfound resources have over the last
50 years provided us with welfare,
prosperity, and security. Several
institutions have helped build the
industry that we are so proud of.
"Trust is this year's theme at ONS. How can we
continue building trust in these unstable
times?
"But trust is what connects us and society. It is
a prerequisite for collaboration. And trust is
the essence of sustainable business.
"The urgent green energy shift is not only
about limiting the effects of climate change, it
is also becoming a core issue of global
security. The Russian invasion of Ukraine has
underlined this fact.
"Energy scarcity is a global reality. We need to
meet this challenge without putting an
additional burden on the coming generations.
"Generations before us didn't have the
knowledge, technology, or opportunity that
we have today. As we unite, we now know
well, what is at stake.
"Leaders of the world gathered in Glasgow at
COP 26 last year, set goals to find the pathway
forward and to raise the ambitions. Climate
goals are important in our way toward a
greener future.
"To deliver on the targets, we are all
dependent on you - the energy industry,
bright minds, and bold decision makers to
make the changes possible.
"As we all know the energy industry is one of
the largest emitters of greenhouse gases, but
the people in this industry hold the solutions
for the future and they have all the
knowledge, skills, and experience.
"It is not possible to achieve our climate goals
without innovation, investment, and new
technologies providing the world with
affordable, secure, and clean energy.
“
Green Innovation is
the key to unlocking
the solutions needed
for sustainable
development for all.
"We are the ones with the means to make the
change because as Abraham Lincoln once
said, The best way to predict the future is to
create it. With these words, I declare the ONS
conference 2022 open”
When oil and gas was discovered in the North
Sea, the need for a meeting place for the
companies in this new industry emerged. ONS
was launched as Offshore Northerns Seas, as
the event was targeted at companies with
business in the North Sea basin. Today, the
event attracts visitors from all over the world,
and is known as just ONS.
During the ONS event, more than 65, 000
visitors from around 100 countries gather in
Stavanger, Norway. ONS assembles highprofile
decision-makers as well as global
influencers who are engaged in the world’s
energy discussion.
For decades the ONS has developed an
international network with representatives
from industry, authorities, academia and
research institutions. The event has several
working committees represented by more
than 250 leaders from industry and politics.
The committees advise and shape the
programme and direction of our work.
The ONS partners with prominent
organisations to facilitate global events and
network meeting. The Goal is to exchange
ideas, learn and build relationships between
industry, government and society.
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THE ENERGY REPUBLIC I SPECIAL EDITION

ONS 2022 FEATURES
Volodymyr Zelenskyy
President Zelensky Invites Investors to Explore
Opportunities in Ukraine's Energy, Oil, Gas
Industry
President Volodymyr Zelensky
said that Ukraine could become
one of the energy security
guarantors of the European continent
and called for investment in the
Ukrainian gas industry.
“Ukraine can become - I believe it will
become - one of the guarantors of the
energy security of the European
continent. Together with Ukraine, you
will be able to prevent such price
crises ever again. We have a unique
system of gas storage facilities near
the border of the European Union,
with a volume of more than 30 billion
cubic meters. We are asked about
help. That's how practical it is - use our
gas storages already this season,”
Zelensky said in his speech at the
Offshore Northern Seas Conference
2022.
According to him, the Europeans can
store fuel in the Ukrainian gas storage
facilities for the winter, and " this will
be your help both to us and to
yourself.”
The President also emphasized that
Ukraine had significant natural gas
deposits, calling on investors to
participate in the development of fields and
production.
“The leadership of Russia dreamed of stealing
this part of our national wealth from us as
well. But we will not allow it. We invite all
investors, contractors and service companies
to join gas production in Ukraine. If you want
to help us pragmatically, please use this tool.
Obtain licenses, enter into agreements on the
distribution of products, carry out exploration
and drilling. We would appreciate it. Our gas
fields can play the same stabilizing role for
Europe as the fields of Norway in particular,”
the President of Ukraine underscored.
In addition, he said that Ukraine was
preparing to increase the electricity export to
the EU countries.
“We ensure this export during the war, and
our electricity is much cheaper than what is
currently available in the market,” the Head of
State said.
Zelensky also invited entrepreneurs to invest
in the production of green energy and green
hydrogen in Ukraine. As noted, Ukraine is one
of the best locations for providing all of
Europe with green energy and green
hydrogen as it has everything for that:
“enough land, good wind, good sun, as well as
ready-made energy logistics – powerful
power transmission lines, gas pipelines that
can be used for hydrogen – of course, after
appropriate modernization.”
According to IEA report, Ukraine has a
century-long history of oil and gas production
and possesses substantial conventional and
unconventional hydrocarbon reserves,
estimated at 9 billion tonnes of oil equivalent
(Btoe). Natural gas reserves are estimated at
5.4 trillion cubic metres (tcm), with proven
reserves of 1.1 tcm of natural gas, more than
400 million tonnes (Mt) of gas condensate
and 850 Mt of oil reserves. The loss of
jurisdiction over Crimea, whose significant
offshore gas resources are no longer
accessible to Ukraine, means natural gas
reserve estimates must be revised
downwards.
Hydrocarbon resources in Ukraine are
concentrated in three regions: the Carpathian
region in the west; the Dnieper-Donetsk
region in the east; and the Black Sea-Sea of
Azov region in the south. The Dnieper-
Donetsk region accounts for 80% of proven
reserves and approximately 90% of gas
production, and the Carpathian region has
13% of proven reserves and 6% of production.
The remaining 6% of proven reserves are in
the southern region, where production is
conducted both onshore and offshore on the
shallow shelves of the Black and Azov seas.
The aggregate production in this region is 5%
of Ukraine’s total oil and gas production.
Ukraine has considerable unconventional gas
potential in the form of coalbed methane in
the main coal mining areas of eastern Ukraine
and in two shale gas basins: a portion of the
Lublin Basin, which extends into Poland, and
the Dnieper-Donetsk Basin in the east.
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THE ENERGY REPUBLIC I SPECIAL EDITION

ONS 2022 FEATURES
Russia’s war on Ukraine is having a
dramatic impact on energy
security and the economic
situation in Ukraine. The Norwegian
Government is committing NOK 2 billion
approximately EUR 205 million to help
ensure that Ukrainians have access to
natural gas in the coming winter.
‘Ukraine is in urgent need of external
support as a result of the war. Ukraine
has asked Norway to take a leading role in
Jonas Gahr Støre Prime Minister of Norway
Norway Commits EUR 205 Million to
Fund Natural Gas Supply to Ukraine
helping to ensure that it has access to energy.
We are now following this up, and plan to provide
NOK 2 billion to enable Ukrainians to purchase
natural gas this autumn and winter,’ said Prime
Minister Jonas Gahr Støre.
When Prime Minister Støre was in Kyiv in July, he
announced that Norway would increase its
support to Ukraine by NOK 10 billion in 2022 and
2023.
Today, Mr Støre was in Stavanger for the
Offshore Northern Seas (ONS) 2022
conference, where Ukrainian President
Volodymyr Zelensky participated digitally.
Mr Støre announced there that NOK 2
billion of Norway’s commitment would go
towards purchasing natural gas for
Ukraine in 2022.
‘Norway’s support for the procurement of
natural gas will help in many ways, for
example to keep Ukraine’s hospitals and
schools warm this winter, and to make it
possible to cook warm meals,’ said Mr
Støre.
It is now a matter of urgency to help
Ukraine increase its store of natural gas
before winter arrives. The gas will help to
a l l e v i a t e t h e c o u n t r y ’s g r a v e
humanitarian situation.
Norway will channel its support for
Ukraine’s gas procurement through the
European Bank for Reconstruction and
Development (EBRD). Norway has also
called on other countries to provide
support for gas procurement through the
EBRD.
‘Back in March, Ukraine asked the bank
for support to purchase gas to
compensate for the loss of its own natural
and imported gas in the wake of Russia’s
invasion. Norway and other donors will
help Ukraine to purchase and store gas,’
said Minister of Foreign Affairs Anniken
Huitfeldt.
ELON MUSK says world needs more
oil and gas now
T
esla Chief Executive Officer Elon Musk
has said that the world needs more oil
and gas now to deal with the energy
crisis while pushing to transition to renewable
energies.
Musk, made this known during the opening
ceremony at the Offshore Northern Seas
conference in Stavanger, saying that “At this
time, we actually need more oil and gas, not
less,”
According to report, Europe’s politicians have
already earmarked about 280 billion euros
($278 billion) to ease the pain of surging prices
for businesses and consumers, but the aid risks
being dwarfed by the scale of the crisis.
In his words, "Oil and gas will continue to be
crucial to society in the near term. The focus on
hydrocarbon investment should be carried out
simultaneously with moving "as fast as we can
to a sustainable energy economy.”
He also stated that the global energy transition
currently relies on three pillars, which are
sustainable energy generation, battery storage
and electric vehicles, with ocean wind a central
energy.
“Ocean wind is a massive untapped potential.
[Build] a 100 x 100 array of 10MW [wind]
turbines and you get 100GW – which you will
need to marry to [industrial scale] stationary
[energy] storage,” he said.
“We must have a clear path for a sustainable
energy future [based] on hydro[power],
geothermal, wind, solar.”
“I don’t tend to demonise oil and gas. These are
necessary right now if civilisation is going to
function. At this point in time, I actually think we
need more oil and gas, not less, but
simultaneously moving as fast as we can to a
sustainable energy economy.”
According to the World Bank, Ukraine’s
GDP is expected to fall by 30–50 % in 2022,
with tax revenues declining by 50–80 %.
This has created an enormous need for
financial support. Norway has been a
major donor since the start of the war.
57 09 22 70
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ONS 2022 FEATURES
Equinor, Shell, TotalEnergies Signs
Commercial Agreement on Carbon
Capture and Storage Deal
Northern Lights, a JV owned by
Equinor, Shell and TotalEnergies,
signs the world’s first commercial
agreement on cross border CO2
transportation and storage with Yara.
This is an important step for the
d e v e l o p m e n t o f l a r g e - s c a l e
decarbonisation of heavy industries to
help meet climate ambitions.
Yara and Northern Lights have agreed on
the main commercial terms to transport
CO2 captured from Yara Sluiskil, an
ammonia and fertiliser plant in the
Netherlands, and permanently store it
under the seabed off the coast of
Norway.
"This is a major milestone for the
development of carbon capture,
transport and storage. With the first
c o m m e r c i a l a g r e e m e n t f o r
transportation and storage of CO2, we
open a value chain that is critical for the
world to reach net zero by 2050.
Together with our partners, we are
building infrastructure to decarbonise
industry and energy, securing industrial
activity and jobs in a low carbon future,"
says Anders Opedal, CEO and president
of Equinor.
From early 2025, 800,000 tonnes of CO2
will be captured, compressed and
liquefied in the Netherlands, and then
transported by ship to the terminal for
storages at 2,600 metres under the
seabed on the Norwegian continental
shelf.
Equinor and partners have decades of
experience from CO2 capture and storage at
the Sleipner and Snøhvit fields. Large-scale
CO2 capture from industries and storage of
CO2 safely under the seabed, will enable the
decarbonisation of hard to abate existing
industries, that emits CO2 as part of their
processes.
"With this commercial agreement, we are
passing a major milestone in the
development of a value chain for carbon
capture, transport and storage. We
experience an increased demand for this
service, particularly from large industrial
clusters on the European continent. Capture,
transport and storage of CO2 is also a
prerequisite to produce blue hydrogen and
ammonia. These products can eliminate
emissions in several energy sectors and act as
low carbon feedstock in many industries, says
Irene Rummelhoff, executive vice president
for Marketing, midstream and processing in
Equinor.
With the volumes from Yara, phase 1 has
reached full capacity and Northern Light JV is
now working to mature phase 2 for final
investment decision increasing the total
capacity to 5-6 million tonnes CO2 per year.
Equinor will continue to work together with
the Government and partners to develop the
Norwegian continental shelf further as an
important energy hub for the future, building
on the advantages and experience from
decades of hydrocarbon exploration and
production on the Norwegian continental
shelf.
About Northern Lights
Northern Lights is developing the world’s first
open-source CO2 transport and storage
infrastructure. It delivers carbon storage as a
service. It also aim to help industrial emitters
stop emissions that cannot be avoided in
other ways from reaching the atmosphere
and to provide a safe and permanent storage
option for CO2 that is removed from the air.
Northern Lights are part of a growing
movement to actively manage the carbon
cycle and get it back in balance. The Northern
Lights PCI partners have developed a joint
memorandum detailing the value of a
European CO2 management ecosystem as
part of the green recovery from the Covid-19
crisis. The memorandum refers to specific
projects being developed by the partners in
the PCI and highlights the benefits of
accelerating these projects by detailing the
value in terms of job creation and CO2
emissions reduction potential.
Northern Lights will contribute a key first step
to realising a European network for CO2
transport and storage, working with CCS hubs
in the UK and the Netherlands as they come
into operation. They are also working with
developers of direct air capture technology, to
provide a safe and permanent storage option
in its offshore saline aquifer in the North Sea –
helping to get the carbon cycle back in
balance.
In 2024, Northern Lights will take delivery of
the first CO2 shipment from the Norcem
cement factory in Brevik. Plans are also in
place for storage of CO2 from the Fortum Oslo
Varme waste-to-energy plant in Oslo.
There is significant storage capacity on
the Norwegian continental shelf, where
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THE ENERGY REPUBLIC I SPECIAL EDITION

ONS 2022 FEATURES
Anders Opedal (left) and Mario Mehren at the contract signing. (Photo: Thor Oliversen / Wintershall Dea)
Equinor, Wintershall Dea Partner to Develop
Large-Scale CCS Value Chain in North Sea
Equinor and Wintershall Dea have
a g r e e d t o p u r s u e t h e
development of an extensive
Carbon Capture and Storage (CCS) value
chain connecting continental European
CO2 emitters to offshore storage sites on
the Norwegian Continental Shelf.
The Norwegian-German (NOR-GE) CCS
project has the ambition to make a vital
contribution to reducing greenhouse gas
emissions in Europe aiming to establish
the value chain and infrastructure for the
safe transportation, injection, and
storage of CO2 in suitable reservoirs on
the Norwegian Continental Shelf.
“This is a strong energy partnership
supporting European industrial clusters’
need to decarbonise their operations.
Wintershall Dea and Equinor are
committed to the energy transition and
will utilise the competence and
experience in both companies to work
with governments and partners to help
reach the net-zero target,” said Anders
Opedal, CEO and President of Equinor.
Through the partnership, both
companies are responding to the
European demand for large-scale
decarbonisation of carbon-intensive
industries that need safe and large-scale
underground CO2 storage to abate
unavoidable emissions from their processes.
The partnership intends to connect Germany,
the largest CO2 emitter in Europe, and
Norway, holding Europe’s largest CO2 storage
potential.
“Wintershall Dea and Equinor will work
together to establish technical and
commercial solutions for the development of
cross-border CCS value chains in Europe and
work with governments to shape a regulatory
framework that can enable it. We will build on
our close cooperation and open the next
chapter of German-Norwegian partnership,”
said Mario Mehren, CEO of Wintershall Dea.
An approximately 900-kilometre-long open
access pipeline is planned to connect the CO2
collection hub in Northern Germany and the
storage sites in Norwayprior to 2032. It is
expected to have a capacity of 20 to 40 million
tonnes of CO2 per year – equivalent to around
twenty per cent of all German industrial
emissions per year [1]. The project will also
consider an early deployment solution where
CO2 is planned to be transported by ship from
the CO2 export hub to the storage sites.
Wintershall Dea and Equinor also plan to
jointly apply for offshore CO2 storage
licences, aiming to store between 15 to 20
million tonnes per year on the Norwegian
Continental Shelf.
About The Partnership:
Comprehensive CCS project that connects
Germany and Norway
CO2 transportation from continental Europe
and storage on the Norwegian Continental
Shelf
Estimated pipeline capacity of 20 to 40 million
tonnes per year by 2037
Reconfirming the companies’ commitment to
meeting EU climate targets
Wintershall Dea is among the most active CCS
players in Norway and other North Sea
countries. The company has a clear ambition
to become net zero across upstream activities
by 2030 (scope 1 and 2 on an equity share
basis), to further develop its gas-weighted
portfolio in Norway, and to build up a CCS and
hydrogen business. Wintershall Dea has
gained valuable expertise in the Greensand
Project in the Danish North Sea and in
addition is a partner in Equinor’s Snøhvit CCS
project.
Equinor is an international energy company
with 21,000 employees worldwide
committed to long-term value creation in a
low-carbon future. Equinor’s purpose is to
turn natural resources into energy for people
and progress for society. Equinor’s portfolio of
projects encompasses oil and gas, renewables
and low-carbon solutions, with an ambition of
becoming a net-zero energy company by
2050.
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THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
Hydrogen Will Contribute
20% Solution for Energy
Transition – Daryl Wilson
With the current global trends on
c l i m a t e c h a n g e a n d
discussions for a low-carbon
future under the energy transition
agenda, coupled with the Net-Zero
Emissions target by 2050, Hydrogen will
contribute 20% solution in decarbonizing
the energy systems, the Executive
Director of Hydrogen Council, Daryl
Wilson said.
Hydrogen will play a key role in the global
energy transition by helping to diversify
energy sources worldwide, and foster
business and technological innovation as
drivers for long-term economic growth,
with enormous benefits for both the
energy system and other end-use
applications in the energy value chain.
Speaking in an exclusive interview with
Ndubuisi Micheal Obineme, Managing
Editor of The Energy Republic, Daryl
Wilson said that Hydrogen will become
part of the future energy systems, and it’s
a versatile energy carrier that can be
used in a wide variety of applications,
such as refining gasoline, making
ammonia fertilizer, refining liquid fuels
f o r s u s t a i n a b l e a v i a t i o n f u e l ,
transportation, and several other
processes.
Over the years, Daryl explained that the
main impediment was the perception
that Hydrogen is very expensive and it
will remain an expensive energy option.
According to him, Hydrogen Council in
partnership with McKinsey and Company
developed a report which shows that the cost
of hydrogen production for transportation,
major industries, and energy generation will
reduce just like the scenario for wind and
solar energy.
“Hydrogen is critical for transportation and
there’s been a lot of discussion about electric
vehicles and they play an important role. The
Hydrogen Council released a report in
October last year, showing that our future
transportation sector will be served by both
hydrogen and batteries. Hydrogen and
batteries are not in competition; they are
complementary solutions to decarbonize the
energy sector.
“There is a special role that hydrogen will play,
especially around long distance and heavy
transport – whether that’s long-distance
passenger cars or long-distance trucks.
Hydrogen has a very special role to play there
as hydrogen brings more capacity to a vehicle
than you will be able to realize from a battery.
“There are also places in the world like Japan,
Korea and in eastern China, whether or not
substantial renewable energy resources and
hydrogen will be a way of bringing clean
energy to those geographies so that they can
decarbonize their transportation systems
directly on hydrogen.
“And, in our report, we communicated our
assessment that hydrogen will be 22% of final
energy use by 2050. That’s fully 20% of the
solution for climate change. It’s not a small
contribution that hydrogen will make in the
coming decades.
“We’ve been very successful with our mission
to convince energy policymakers that
hydrogen is a viable part of the future energy
system.
“There are many more hydrogen projects on
the pipeline to decarbonize the global energy
systems. More than 30 countries around the
world have announced strategies supporting
hydrogen as the main part of their future
energy plan. Many of those countries have
put in place very significant amounts of
funding: exceeding $10 billion in the case of
France and Germany, exceeding $20 million in
the case of China, and $10 billion in the United
States. There have been very large funding
commitments as well as policy commitments.
“Now, we’re in the phase of implementation.
There have been many announcements and
commitments of funding. These now need to
b e f o l l o w e d u p w i t h t h e a c t u a l
implementation of these projects so that they
have an impact on the energy systems,” Daryl
added.
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THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
SoCalGas Commences Hydrogen
Production for SunLine's Fuel Cell
Electric Buses
Southern California Gas Co.
(SoCalGas) has commenced
construction of a first-of-its-kind
advanced hydrogen generation system at
SunLine Transit Agency in Thousand
Palms, California. The project, called H2
SilverSTARS, will produce hydrogen from
renewable natural gas (RNG) and help
fuel SunLine's fleet of 17 hydrogen fuel
cell electric buses. At scale, this
demonstration project has the potential
to provide clean hydrogen at any location
adjacent to a natural gas pipeline, which
will help reduce greenhouse gas
emissions and accelerate California's
climate and clean air goals.
The demonstration will test STARS'
technology, which was developed at the
Pacific Northwest National Lab. The
technology uses a combustion free
process, so that it produces fewer
greenhouse gas emissions compared to a
conventional steam methane reforming
process. Since the compact system is
based on low-cost 12x1-inch, 3D-printed
reactor disks and heat exchangers, it can
be easily installed at fueling stations to
help meet the demand while advancing
climate and clean air goals. After its
installation, the first STARS system will
produce up to 80 kilograms of clean
hydrogen a day, that's enough to fuel
three of SunLine's zero-emission buses
per day.
“We've been anticipating for this day to
arrive and I'm excited construction has
begun. Californians will need access to
hydrogen and this demonstration project
will provide insight during this energy
transition," said Glenn Miller City of Indio
Councilmember and SunLine Chair.
"Once widely adopted, this project will
help meet our state's climate goals."
"SunLine has been pioneering hydrogen
technologies for nearly three decades and
partnering with SoCalGas on this project
continues the momentum necessary to make
hydrogen fueling accessible to the public,"
said Lauren Skiver, CEO/General Manager of
SunLine Transit Agency. "Producing clean
hydrogen is the future of fuel, and this system
will play a pivotal role in reducing greenhouse
gas emissions."
"For several years now, the high cost of
transporting hydrogen has been the big
problem with rolling out fuel cell vehicles in
California," said Robert Wegeng, President of
STARS Technology Corporation. "This
demonstration elegantly solves the problem
with a compact, mass-produced hydrogen
generator that can be placed on the gas grid in
close proximity to filling stations and other
places where cheap hydrogen is useful. Better
yet, the hydrogen can meet the new Federal
"Clean Hydrogen Standard" for regional
hydrogen hubs since it can be produced from
renewable natural gas."
"This is the kind of demonstration project we
love to see in California and we're excited
construction has started. SoCalGas will use
the knowledge gained from this project to
help accelerate the adoption of clean
hydrogen," said Neil Navin, SoCalGas vice
president of clean energy innovations.
"Adopting clean technologies and working
with SunLine and STARS will help SoCalGas
and California reach our shared air quality and
climate goals much faster.”
Earlier this year, SoCalGas announced a
proposal to develop Angeles Link, a dedicated
green hydrogen energy infrastructure system
that could deliver clean, reliable energy to the
Los Angeles basin to provide a path to
decarbonize hard-to electrify sectors such as
electric generation, industries that require
clean fuels and cannot currently be
electrified, and heavy-duty transportation.
Clean fuel vehicles are expected to play an
important role in meeting the state's climate
and clean air goals. In California, Governor
Newsom's executive order requires that all
new cars sold in the state be zero-emissions
by 2035. Californians having access to clean
hydrogen generation systems, like H2
SilverSTARS, could be part of the clean energy
transition.
SunLine Transit Agency has been at the
forefront of providing environmentally
conscious public transportation since 1993,
when the Agency pursued an aggressive
strategy for incorporating clean technologies
into its operations.
The SunLine Transit Agency is on track to be
fully transitioned to zero emissions by 2035 –
five years ahead of the deadline set in the
state's ICT Regulation (2040). In addition to
SunLine's PEM Hydrogen Electrolyzer – the
largest clean hydrogen-producing station in
the country for transportation – its Liquid
Hydrogen Station project has been funded by
the California Energy Commission (CEC) and
will expand the Agency's hydrogen fueling
c a p a c i t y f o r t h e e x i s t i n g f u e l i n g
infrastructure.
SunLine Transit Agency recently received a
California Energy Commission award for the
construction of a 15,000 – 18,000-gallon
liquid hydrogen fueling station. This station
will create fueling resiliency for the agency
and is the first liquid hydrogen project in
SunLine's thirty-year history. This liquid
station is yet another element in the creation
of a zero-emission blueprint for transit and
fleet operators across the nation.
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THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
QatarEnergy Renewable Solutions & QAFCO
launch the world’s largest Blue Ammonia facility
Qa t a r E n e r g y ’ s a f f i l i a t e s ,
Q a t a r E n e r g y R e n e w a b l e
Solutions and Qatar Fertiliser
Company (QAFCO) signed agreements
today for the construction of the
Ammonia-7 Project, the industry’s first
world-scale and largest Blue Ammonia
project.
QatarEnergy Renewable Solutions
(owned 100% by QatarEnergy) and
QAFCO (owned 100% by QatarEnergy’s
subsidiary, Industries Qatar which is
listed on the Qatar Stock Exchange), have
joined hands to establish the Ammonia-7
Project, which will have a capacity of 1.2
million tons per annum (MTPA) of Blue
Ammonia, making it the world’s largest
such facility. With a targeted start-up
date of Q1 2026, the new plant will be
located in Mesaieed Industrial City (MIC)
and will be operated by QAFCO as part of
its integrated facilities.
The announcement was made during a
ceremony held today at QatarEnergy’s
headquarters in Doha to sign the project
agreements, including the engineering,
procurement, and construction (EPC)
contract. Valued at approximately 1
billion USD, the EPC contract was
a w a r d e d t o a c o n s o r t i u m o f
ThyssenKrupp and Consolidated
Contractors Company (CCC).
The ceremony was attended by His
Excellency Mr. Saad Sherida Al-Kaabi, the
Minister of State for Energy Affairs, President
& CEO of QatarEnergy, Mr. Abdulrahman Al-
Suwaidi, the CEO of QAFCO, Ms. Martina
Merz, CEO Thyssenkrupp AG, Dr. Cord
Landsmann, CEO Thyssenkrupp Uhde, and
Mr. Oussama El-Jerbi, CCC Area Managing
Director (Qatar), as well as senior executives
of QatarEnergy. QAFCO, ThyssenKrupp and
CCC.
Commenting on the occasion, His Excellency
Mr. Al-Kaabi said: “Ammonia-7 is a landmark
project for Qatar and for the industry as a
whole. It builds on our expertise in installing,
operating, and maintaining conventional
ammonia plants to produce fertilizers. We are
also building on our unique position in the
renewables and carbon capture and
sequestration space, as well as on our ideal
logistical capabilities and advantages to
supply differentiated, low carbon products
and fuels to the world.”
“Our investment in this project speaks to the
concrete steps we are taking to lower the
carbon intensity of our energy products, and
is a key pillar of QatarEnergy’s sustainability
and energy transition strategy,” His Excellency
added.
His Excellency Minister Al-Kaabi concluded
his remarks by saying: “I would like to take this
opportunity to thank Mr. Abdulrahman Al-
Suwaidi, the CEO of QAFCO, and QAFCO’s
executive leadership team and employees for
their hard work and dedication.
Thanks are also extended to the executive
leadership team and all employees of
QatarEnergy for their great contributions to
the development of Qatar’s energy sector. To
conclude, I would like to express our deep
gratitude to His Highness the Amir Sheikh
Tamim bin Hamad Al Thani for his wise
leadership and for his unwavering support
and guidance to the energy sector.”
Blue Ammonia is produced when the CO2
generated during conventional Ammonia
production is captured and stored. Blue
Ammonia, which can be transported using
conventional ships, can then be used in power
stations to produce low-carbon electricity.
Pursuant to the agreements signed today,
QatarEnergy Renewable Solutions will: (i)
develop and manage integrated CCS facilities
capable of capturing and sequestering about
1.5 million tons of CO2 per annum, to cater for
the new Ammonia-7 plant; (ii) supply more
than 35 MW of renewable electricity to the
Ammonia-7 facility from its PV Solar Power
Plant in MIC, which is currently under
construction; (iii) develop and lead the
process for certifying the product produced
by the Ammonia-7 facility as Blue Ammonia,
with the involvement of leading industry
experts and relevant independent bodies;
and (iv) be the sole off-taker and marketer of
all Blue Ammonia produced by Ammonia-7.
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THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
Nigeria to Join ‘League of Hydrogen Producers’ as NLNG
Announces Its Decarbonization Strategy
Nigeria will soon join the ‘League of
Hydrogen Producers‘ as NLNG Limited
has announced its decarbonization
plans which are aimed at reshaping the
company’s business models for hydrogen
production and setting up a carbon capture,
utilization, and storage (CCUS) facility to
decarbonize its operations.
Speaking about the company's decarbonization
agenda, the Managing Director and CEO of
NLNG, Philip Mshelbila said his company is
exploring various opportunities in energy
transition and Hydrogen will play a key role in
decarbonizing the company’s operations.
Mshelbila made this known in a panel session at
the Nigeria Oil and Gas Conference and
Exhibition 2022, focused on harnessing
opportunities in the Nigerian Gas Sector, as well
as the investments in the pipeline
infrastructures in Nigeria.
According to him, “NLNG is looking at five
hydrogen opportunities, which is using
hydrogen either purely or blend in our fuel to
help decarbonize. Ultimately, we will be looking
at hydrogen as a product that goes into the
market.
“We’re also setting up some work on carbon
capture utilization, and sequestration (CCUS).
That’s something that we’re working on very
actively at the moment.
“Aside from all of that, we’re looking at our
plant and what we need to do differently.
There’s ongoing work that is happening and we
are ramping that up.
“We’re looking at our non-plant activities as
well. What do we do with our houses, buildings,
including our vehicles?
“The key one is our shipping. So we have 23 LNG
vessels and we are working on how we can
decarbonize our operations. So a lot is
happening and by NOG Energy Week next year,
we will begin to speak about some of these
projects.”
Nigeria LNG Limited (NLNG) is a major player in
the global LNG business and is ranked as one of
the world’s top 10 suppliers of LNG in the world.
Today, NLNG has 23 LNG vessels with a total
production capacity of 22 Million Tons Per
Annum (mtpa) of LNG and 5mtpa of Natural Gas
Liquids (NGLs) from its six-train plant complex.
bp Invests £50 million in New Global
Battery R&D Centre in Britain
bp has unveiled plans to invest up to
£50 million (around $60 million) in a
new, state-of-the-art electric vehicle
(EV) battery testing centre and analytical
laboratory in the UK. bp has previously
announced its intention to invest up to £18
billion in the UK’s energy system by the end
of 2030; this additional new investment is a
further example of bp’s commitment to the
country.
Planned to open by the end of 2024, the new
facilities will be located at bp’s existing
global headquarters for its Castrol business
in Pangbourne, Berkshire, and will support
the technology, engineering and science
roles housed there today. The site already
undertakes research and development of
fuels, lubricants and EV fluids and aims to
become a leading hub for fluid technologies
and engineering in the UK.
“We’re backing Britain. We’re fully
committed to the UK’s energy transition.
This additional investment will help
accelerate the transition to EVs by
developing solutions to help decarbonise
the transport sector. This is another
example of our ambitious plans to do more,
and go faster,” said Louise Kingham, bp’s UK
head of country.
The new facilities will help advance the
development of leading fluid technologies
and engineering for hybrid and fully battery
electric vehicles, aiming to bring the
industry closer to achieving the key tipping
points for mainstream EV adoption. Castrol
O N a d v a n c e d E V f l u i d s m a n a g e
temperatures within the battery which
enables ultra-fast charging and improves
efficiency, which help EVs to go further on a
single charge and extend the life of the
drivetrain system.
In addition, the advanced e-fluid
technologies and engineering can be
applied to other industries such as thermal
management fluids for data centres where
demand is rising exponentially. Most of the
world’s internet protocol (IP) traffic goes
through data centres and since 2010 the
number of internet users worldwide has
doubled, while global internet traffic has
increased 15-fold a trend expected to
continue over the next decade.
“We’re backing Britain. We’re fully
committed to the UK’s energy transition.
This additional investment will help
accelerate the transition to EVs by
developing solutions to help decarbonise
the transport sector,” said Louise Kingham,
bp’s UK head of country.
Michelle Jou, CEO Castrol, said: “We are
committed to supporting the electrification
of transport and the take-up of electric
vehicles. The growth of EV fluids is a huge
opportunity, and we aim to be the market
leader in this sector. Two thirds of the
world’s major car manufacturers use Castrol
ON EV fluids as a part of their factory fill and we
also supply Castrol ON EV fluids to the Jaguar
TCS Racing Formula E team.
“This significant new investment will now allow
us to build additional strategic technologies and
capabilities to further advance EV fluids for the
future. The facilities will also be an amazing
showcase to demonstrate our integrated
technology expertise to customers as we help
drive the transition to Evs.”
Richard Bartlett, senior vice president, bp pulse,
added: “At bp pulse, we aim to provide the
fastest and most reliable charging experience to
our EV customers and continue to invest in our
rapid and ultra-fast network globally for
passenger cars and trucks. This investment will
help us co-develop battery and charger
technology and digital solutions with our OEM
partners to help EVs go further, charge faster
and last longer.”
Castrol intends to use the new facilities to
continue to work with car manufacturers and
suppliers to co-engineer future battery
technology a n d a s s o c i ated t h e r m a l
management fluids. It will also look to develop
future technologies required to help to enable
the ultra-fast charging which underpins bp
pulse’s growth strategy.
77 06 09 22
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
TES partners with E.ON and ENGIE
to manage the 5th Floating Storage
Regasification Unit of Germany
Tree Energy Solutions (“TES”),
E.ON and ENGIE are delighted to
announce that they have been
selected by the German Federal Ministry
of Economics and Climate Protection
(“BMWK”) to jointly develop and
implement the fifth Floating Storage
Regasification Unit (“FSRU”) in Germany.
The fifth FSRU in Germany, which is
planning to start in the beginning of the
heating period 2023, will have an annual
importing capacity of about 5bcm (which
covers about 5 % of the annual
consumption in Germany) and will
contribute to enhancing Europe’s and
Germany’s energy security, accelerating
its energy independence, and achieving
full net zero by mid of the century.
Together, TES, a green hydrogen
company building next-generation
infrastructure to produce and import
affordable green energy, E.ON, one of
Europe’s largest operators of energy
networks and provider of innovative
customer solutions for more than 51
million customers, and Engie, a global
leader in low-carbon energy, natural gas
and LNG services with a strong footprint
in Germany, have formed a partnership
that will run the project showcasing
strong European cooperation.
In Wilhelmshaven, TES is building the
largest Green Energy Hub in Europe
offering a unique model to convert large
amounts of renewable
electrons from sunny and windy locations into
green hydrogen and affordable, renewable gas.
For this aim, TES and E.ON already signed an MoU
on a strategic partnership end of March. The green
hydrogen terminal in Wilhelmshaven will serve as
the primary entry point for clean, safe, affordable
and abundant sustainable energy in Europe, as well
as a catalyst for a circular carbon economy.
TES will import green hydrogen from its upstream
projects in the form of renewable LNG using green
hydrogen and circular CO2. TES’s Wilhelmshaven
hydrogen terminal, the development of which will
be accelerated by the FSRU project, is flexible,
modular and future-proof.
TES aims to seamlessly integrate the import of
green molecules within the first 12 months that the
FSRU is in operation in order to allow a fast and
efficient green transition.
ENGIE is responsible for chartering of the FSRU on
behalf of the BMWK, for part of its LNG supply, and
with TES for the development and the operation of
the FSRU. The five-year-chartered FSRU will be
provided by Excelerate Energy, following
negotiations led by Engie, and will be stationed in
Wilhelmshaven, where TES already owns 145
hectares of land and has been developing the
hydrogen terminal since 2019 to start large-scale
imports by 2025.
Excelerate Energy is a U.S.-based LNG company and
offers a full range of flexible regasification services
from FSRU to infrastructure development to LNG
supply. The FSRU will allow a seamless transition to
green imports over the first period as the green
terminal starts operation.
The TES terminal’s structure will ultimately
include 6 ship berths, 2,000,000 cubic
meters of onshore storage using 10 on-site
tanks, and direct access to the natural gas,
hydrogen, and CO2 pipeline networks
required for decarbonization and true net
zero energy supply.
TES is developing a diversified upstream
green energy portfolio and accessing the
best renewable locations to produce green
hydrogen for imports beginning in 2025, for
example, USA, Canada, South America,
North and Southwest Africa, North Sea
Region, Middle East and Australia. This will
ensure an early and quick ramping green
molecules supply on a large scale.
Federal Minister for Economic Affairs and
Climate Protection, Robert Habeck said: “By
importing liquefied natural gas, we are
making ourselves less dependent on
imports of Russian pipeline gas. And all
steps that free us from the uncertainty of
Russian imports as quickly as possible are
more necessary than ever in these times. At
the same time, we are accelerating the
import of green hydrogen in parallel,
making Wilhelmshaven an important
landing point for safe and sustainable
energy in Europe.”
Marco Alvera’, CEO of TES, said: “We’re
looking forward to working closely with the
Federal Government, European and local
institutions as we take this great step to
fast-track the development of a climate
neutral, secure, and affordable hydrogen
economy. Germany’s new FSRU will
accelerate TES’s hydrogen strategy.
“Our new project will accelerate the
development of Europe’s largest Green
Energy Hub. Our unique model converts
wind and sunshine into renewable,
affordable, and secure natural gas using
existing infrastructure to deliver green
energy in Europe.”
Patrick Lammers, COO of E.ON, said: “We
are pleased to contribute our extensive
experience as a European energy supplier
and operator of energy infrastructure.
Through the project, we have the
opportunity to help ensure energy security
in the short term and to secure future
access to green gases for our customers.
Our goal is to support our customers in
Germany and Europe in their green
transformation and to meet the increased
demand for green gases.
Manfred Schmitz, CEO Engie Deutschland
AG, said: “We are pleased to be part of this
partnership and to contribute our expertise
in energy infrastructure and LNG. Together
with our partners, we will contribute to
securing gas supplies for Europe and
Germany from the end of 2023”.
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57 09 22
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
TotalEnergies Announces Significant Gas Discovery
Offshore Cyprus
TotalEnergies and Eni (operator) have
made a significant gas discovery at
the Cronos-1 well, in Block 6,
offshore Cyprus. This discovery follows the
Calypso-1 discovery made on the same
Block in 2018.
Located at approximately 160 km southwest
of the Cyprus coast, Cronos-1 encountered
several good quality carbonate reservoir
intervals and confirmed overall net gas pay
of more than 260 meters.
“This successful exploration well at Cronos-
1 is another illustration of the impact of our
Exploration strategy which is focused on
discovering resources with low technical
cost and low carbon emissions, to
contribute to energy security including to
provide an additional sources of gas supply
to Europe” said Kevin McLachlan, Senior
Vice President, Exploration at TotalEnergies.
The drilling of another exploration well on
Block 6 is planned, in order to investigate
significant additional resource upside and
to evaluate the best development options.
TotalEnergies holds a 50% interest in Block
6, where Eni is the operator (50%).
In Cyprus, TotalEnergies is also present in
offshore Block 11 (50%, operator), 7 (50%,
operator), 2 (20%), 3 (30%), 8 (40%) and 9
(20%).
Schlumberger, Aker Solutions and
Subsea 7 Create Joint Venture
Schlumberger, Aker Solutions and Subsea
7 today announced an agreement to
form a joint venture to drive innovation
and efficiency in subsea production by helping
customers unlock reserves and reduce cycle
time. The agreement will bring together a
portfolio of innovative technologies such as
subsea gas compression, all-electric subsea
production systems and other electrification
capabilities that help customers meet their
decarbonization goals.
The proposed joint venture will combine
Schlumberger’s and Aker Solutions’ subsea
businesses, which include deep reservoir
domain and engineering design expertise, an
extensive field-proven subsea production and
processing technology portfolio, world-class
manufacturing scale and capabilities, and a
comprehensive suite of life-of-field solutions
for customers all over the world. Subsea 7 will
be an equity partner in the new joint venture.
“A s i n v e s t m e n t i n t h e o f f s h o r e
market—particularly in deepwater—continues
to increase, our customers will benefit from
enhanced services that leverage digital and
technological innovation to drive improved
subsea asset performance while increasing
energy efficiency and reducing Co2 emissions,”
said Schlumberger Chief Executive Officer
Olivier Le Peuch. “We look forward to
collaborating with both Aker Solutions and our
subsea integration partner Subsea 7 on this new
venture.”
“Aker Solutions, Schlumberger and Subsea 7 are
complementary businesses, both in terms of
products and services, as well as customers and
geographical presence. Furthermore,
Schlumberger shares our commitment to
innovation, such as deploying digital solutions
and decarbonization technologies,” said Øyvind
Eriksen, President and Chief Executive Officer of
Aker ASA.
“We are excited to build on our highly successful
alliance with Schlumberger and partnership
with Aker Solutions. This new joint venture is a
critical step as we collaborate on integrated
subsea projects that drive maximum value for
our customers,” said Subsea 7 Chief Executive
Officer John Evans.
Hornsea 2, the World’s Largest Windfarm Enters
tremendous milestone for the offshore wind
Full Operation industry, not just in the UK but globally.
Ørsted is proud to announce that the
world’s largest installed windfarm,
Hornsea 2, is now fully operational. The
1.3GW offshore wind farm comprises 165 wind
turbines, located 89km off the Yorkshire Coast,
which will help power over 1.4 million UK
homes with low-cost, clean and secure
renewable energy.
The wind farm is situated alongside its sibling
Hornsea 1, which together can power 2.5
million homes and make a significant
contribution to the UK Government’s ambition
of having 50 GW offshore wind in operation by
2030.
Duncan Clark, Head of Region UK at Ørsted,
said: "The UK is truly a world leader in offshore
wind and the completion of Hornsea 2 is a
Current global events highlight more than ever
the importance of landmark renewable energy
projects like Hornsea 2, helping the UK increase
the security and resilience of its energy supply
and drive down costs for consumers by reducing
dependence on expensive fossil fuels.”
He continued: “Not only will Hornsea 2 provide
low cost, clean energy for millions of homes in
the UK, it has also delivered thousands of highquality
jobs and billions of pounds of
investment in the UK’s offshore wind supply
chain. We look forward to working with
government and industry colleagues to
continue to accelerate the deployment of
offshore wind for the benefit of homes and
businesses across the country.”
In the past five years alone, Ørsted has placed
major contracts with nearly 200 UK suppliers.
Ørsted has invested GBP 4.5 billion in the UK
supply chain to date and expects to make
another GBP 8.6 billion of UK supply chain
investments over the next decade.
Ørsted now has 13 operational offshore wind
farms in the UK, providing 6.2GW of renewable
electricity for the UK – enough to power more
than 7 million homes. Hornsea 2 makes a
significant contribution to Ørsted’s global
ambition of installing 30 GW offshore wind by
2030.
The Hornsea zone, an area of the North Sea
covering more than 2,000 km2, is also set to
include Hornsea 3. Hornsea 2 has played a key
role in the ongoing development of a larger and
sustainably competitive UK supply chain to
support the next phase of the UK’s offshore
wind success story.
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THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
Deugro Appoints Diana Kaufmann as President
Hanau, Germany, September 1, 2022 –
Effective today, Diana Kaufmann has been
appointed President Central Europe, Global
Risk Management and HR Development for
deugro. Throughout her career, Diana
Kaufmann has acquired a wide range of skills
and experience that makes her an excellent
candidate for the position of President.
In addition to being responsible for deugro in
Germany and France, dib Deutsche Insurance
Broker GmbH(dib), the Contract Management
division and deugro’s Global Human Resource
development as a distinct subsection of
Global Human Resources, she will be
managing Sales and Business Development in
Austria and Switzerland.
To build a successful career, or to develop a
successful human resources strategy, it is
imperative that professionals have access to
opportunities for continuous professional
development, succession planning, and
knowledge transfer.
Due to the diversity of the industry, it can be
difficult to define a career path in the global
project logistics sector, particularly at a time
when new graduates are seeking definition,
commitment and certainty.
A successful project logistics operation
requires professionals with a positive
attitude, values and work ethic.
It is possible and of great value to hire and
develop resources based on mindset, instead
Diana Kaufmann,President Central Europe, Global
Risk Management and HR Development for deugro
of just on skills or experience. Retaining
strong employees is the next challenge after
attracting and developing them.
“To support this journey, deugro stresses the
importance of gaining a broad knowledge
base of project management methodologies,
tools and practices. The company places a
strong emphasis on digitalization and
automation in order to handle supply chains
and deliver project
logistics in a way that is compatible with the
new and old ways of doing things,” said Simon
Wasum, COO, deugro.
He goes on to add: “We strongly believe that
Diana is the best candidate to fulfill her new
role as President Central Europe, Global Risk
Management and HR Development, and to
help deugro develop further—both in terms
of our clients as well as our most important
asset: our employees.”
“I am very excited to take over the new role,
and I will give it my all to achieve deugro’s
company objectives and goals and bring the
company to the next level in a fast-changing
and challenging environment, while being
committed to continuous improvement and
development,” added Diana Kaufmann,
President Central Europe, Global Risk
Management and HR Development for
deugro.
Diana adds: “Having been part of the project
logistics industry for almost 30 years and
having first- hand experience in a variety of
positions along the supply chain enables me
to support our clients best in Germany,
France, Austria and Switzerland, as well as our
employees.”
By promoting Diana Kaufmann, deugro is
reinforcing its President structure even
further.
Dteq Installs New Management to Strengthen its
Global Business Portfolio
Bremen, Germany, September 1, 2022
– With immediate effect, Hagen
Hennig is taking over the role of
Technical Director, Transport Engineering
Solutions (dteq) and Boris Dykiert remains
Commercial Director, dteq.
Hagen Hennig and Boris Dykiert have both
been with dteq for many years, so a smooth
transition will be assured. The global
structure will be further supported by our
existing teams lead by Felix Kok as Regional
Director Transport Engineering EMEA, dteq;
Franklin Alvarez as Regional Director
Transport Engineering Americas, dteq; Arlan
Baylon as Regional Director Transport
Engineering APAC, dteq; and Sebastian Krey
as Lead Transport Engineer, dteq.
“I am excited to take over the role as
Technical Director for dteq. My experience
Boris Dykiert
and passion for transport-engineering will
enable me to help the team grow further
and develop cutting-edge transport
solutions,” said Hagen Hennig, Technical
Director, dteq.
“We have excellent experience in
supporting clients in all transport
engineering challenges, from the early
stages all the way until the close out of a
project. I am very much looking forward to
continuing this path of client-focused
engineering services.”
“I am proud to continue leading dteq’s
strategic and commercial development and
being part of this ambitious and winning
team. I look forward to developing further
opportunities for our global clients from
various industries,” said Boris Dykiert,
Commercial Director, dteq.
Niels Meldau, who was dteq’s President
until now, will take over the role of Head of
Global Operational Excellence, deugro with
immediate effect. He led dteq since 2018,
building up a truly global, effective and
highly skilled team in the past four years. As
a result, dteq continues to gain trust based
upon its expertise and specialized services
and solutions.
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INDUSTRY NEWS
The Search For The Tank Storage
Industry’s ‘forty Under 40’ 2023 Is
Underway
StocExpo, the world’s leading
bulk liquid storage event, which
will be held 14-16 March 2023
at the Rotterdam Ahoy, is searching
for the industry’s most dynamic
professionals who are under the age
of 40.
The initiative, now in its second year,
showcases the rising stars of the
industry – in tank storage, bulk liquid
and the linked supply chain
professions.
Trelleborg Supplies Next-generation
Navigation And Piloting Solutions To
Peel Ports Group
Trelleborg Marine and Infrastructure
supplies its advanced, highly
accurate navigation and piloting
solutions for pilotage applications, to
facilitate the safe and efficient berthing of
vessels and to increase safety of larger
vessels at Peel Ports Group’s Port of
Liverpool, located in the North West of
England, Clydeport on the West Coast of
Scotland, and the Port of Sheerness in the
South East of England.
The contract award follows the successful
trial of Trelleborg’s SafePilot Portable Pilot
system at Peel Ports Group’s Port of
Sheerness in 2021. Combining professional
piloting software with portable pilot units
(PPUs) to deliver situational awareness of a
vessel to within 1 centimeter accuracy,
SafePilot Portable Pilot system has enabled
The StocExpo 2023 Forty Under 40 will
recognise both those with the greatest
potential to become industry leaders in the
future and those who have achieved
greatness already.
Professionals working in the industry are
encouraged to self-nominate if they are under
40. Or, there is also the option to nominate
eligible colleagues that are making a
significant contribution to the sector. All
nominations need to be in by midnight 20
November 2022.
the port to successfully, safely and
efficiently accommodate larger vessels,
including liquified natural gas (LNG) vessels,
to enhance operational safety in support of
the strategic drive to strengthen the UK’s
stock of gas.
Trelleborg’s supply of navigation and
piloting solutions to the Port of Liverpool
and Clydeport includes its SafePilot CAT
ROT, SafePilot CAT 1, SafePilot CAT MAX and
SafePilot Shore Viewer. Trelleborg’s
SafePilot CAT ROT is a small and compact
pilot unit primarily designed to connect to a
ship’s AIS pilot plug to transmit data via Wi-
Fi to the pilot’s tablet. Trelleborg’s SafePilot
CAT 1 is additional add-on option to
SafePilot CAT ROT that provides more
accurate positioning than can be provided
by the ship’s own positioning through the
AIS pilot plug.
Rikki Bhachu, StocExpo’s Head of
Marketing, says, “Bringing in the next
generation of talent in this industry is
vital. If we want to attract and retain
exceptional people, we need to
recognise talent and make sure new
people in the industry have role
models to look up to. That’s what the
Forty under 40 initiative is all about.
“We want to celebrate and support the
next generation of talent within the
i n d u st r y a n d s h o wcase t h e i r
contribution so far. So, if you know
someone who merits being recognised
– or you are that person – we want to
hear from you.”
Entrants will be judged by a panel of
industry experts looking for individuals
who, thanks to their excellence and
commitment, are making a real
difference to their organisation and the
wider industry.
Previous winners include Caitlin
Geisinger (Burns & McDonnell
Engineering), Jelle Swanenberg
(Smartflow), Stuart Kenny (Eddfyi
Technologies) and many more.
The successful 40 will be celebrated
with a drinks’ reception held in their
honour at StocExpo 2023. All will be
provided with special VIP passes,
providing free access to the event’s
conference programme and other
exclusive zones, such as the VIP lounge.
On top of this, the 40 will be invited to
participate in all of StocExpo’s “Next
Gen” related content and activities.
The 40 will also be offered discounted
tickets to the 2023 Global Tank Storage
Awards and will be eligible to apply for
the awards Rising Star category.
StocExpo is a three-day exhibition and
conference for the bulk liquid storage
industry. Industry leaders will meet to
stay ahead of the competition,
network and gain new business at the
Rotterdam Ahoy in Rotterdam.
57 09 22 81
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
New gas chromatographs for on-line natural gas
analysis are released: DynamiQ-X NG2210 and Ng2220
The new gas analyzer DynamiQ-X NG2210
provides fast and accurate on-line
monitoring of natural gas and delivers
calorific values for composition control and
custody transfer purposes. Meanwhile, the
DynamiQ-X NG2220 performs the same
analysis for natural gas containing hydrogen at
concentrations as high as 20 % using only one
carrier gas. The DynamiQ-X NG2210 and
DynamiQ-X NG2220 can be integrated into
many locations of the natural gas infrastructure,
including natural gas city gate stations, blending
stations, natural gas conditioning stations,
offshore systems and power-to-gas systems.
With a volume of only 10 L and weighing less
than 15 kg, the instruments are easy to
transport and can be deployed anywhere for
analyses, if local power and gas bottles are
available.
Fast and accurate gas analyzers
The instruments can accommodate two or
three gas chromatograph (GC) units working in
parallel, each performing a different GC analysis
under individually optimized conditions. Each
GC unit contains a state-of-the-art microchipbased
injector and a thermal conductivity
detector (TCD) combined with a proven
microbore GC column and is set with optimal
chromatography conditions. This configuration
enables an accurate instrument as well as a very
short analysis time of less than a minute.
Stand-alone but easy to maintain
DynamiQ-X is designed as a stand-alone
working instrument that uses an integrated
processor on a future-proof platform, so that it
can carry out continuous monitoring. The
instrument contains an easily exchangeable GC
cartridge that allows fast local maintenance. In
addition, a PC can be connected to the analyzer
at any location via a network connection.
Sustainable future for the gas industry
Sustainability and the facilitation of the energy
transition are of global importance today.
Qmicro by Sensirion has therefore developed
the DynamiQ-X NG2210 and NG2220: as
solutions to increase gas analysis capabilities
and cover green gases, minimizing the total cost
of ownership to gas distributors. The analyzers’
ability to store data for at least two years, also
facilitates compliance with legislation and
enables observation of long-term trends.
U. S. Steel, Equinor and Shell Collaborate
to Explore Regional Clean Energy
Opportunities
United States Steel Corporation
Equinor US Holdings Inc, and
Shell US Gas & Power LLC have
entered into a non-exclusive
Cooperation Agreement to advance a
collaborative clean energy hub in the
Ohio, West Virginia, Pennsylvania
region.
T h e h u b w o u l d f o c u s o n
decarbonization opportunities that
feature carbon capture utilization and
storage (CCUS), as well as hydrogen
production and utilization. The
development of this hub, and its
associated infrastructure, would
generate new, sustainable jobs,
stimulate economic growth, and help
achieve significant reductions in
carbon emissions.
The regional CCUS and hydrogen hub
aligns with both the United States’
and project partners’ ambitions to
realize net-zero carbon emissions by
2050. To support its development,
Equinor and Shell will jointly apply for
US Department of Energy funding
designated for the creation of regional
clean energy hubs. U. S. Steel is
evaluating the role it may play in the
hub, including as a potential funding
participant, customer, supplier, or
partner.
“Establishing a low carbon hub in this
region could have a profound impact on
both the climate and the economy,
creating sustainable jobs that will support
families for many years to come,” says
Grete Tveit, SVP Equinor Low Carbon
Solutions. “For 14 years we have been
engaged and investing in this region, and
our significant equity gas production in
the Appalachia region has proved to be an
important low carbon asset in our
portfolio. In collaboration with partners
and the local community, we’re proud to
advance this initiative and America’s net
zero future.”
With an abundance of low carbon gas, a
robust industrial sector, and a skilled
workforce, the tri-state region boasts the
optimal location for a potential
hub..Equinor and Shell are uniquely
positioned to help develop a clean energy
hub in the region with each having several
operational projects around the world. U.
S. Steel is a historic innovator and leader
in the energy efficient production of
steel.And, it has a strategy focused on
creating a more sustainable future for all
its stakeholders.
Equinor, Shell, and U. S. Steel will be
engaging the local industry, labor,
e d u c a t i o n a l i n s t i t u t i o n s , a n d
communities, and others.
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