The Energy Republic September Edition

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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THE ENERGY REPUBLIC I SPECIAL EDITION