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Oil and Gas news in Africa (Exploration and Development)

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#1 ·
By:www.ogj.com
Cairn tests oil offshore Senegal
Spudded in November 2015, Cairn Energy PLC’s SNE-2 appraisal well was successfully tested in two intervals offshore Senegal on the Sangomar Block (OGJ Online, Dec. 10, 2015).
Drillstem tests over a 12-m interval flowed 8,000 bo/d through a 24/64-in. choke, the company said. A second 15-m interval flowed 1,000 bo/d through the same size choke, however, the company said this oil was low quality “heterolithic” pay.
Following this first successful appraisal well, Cairn expects to revise its resource estimates for SNE field, which lies 100 km offshore Senegal.
The tests confirm correlation of the principle reservoir units between SNE-1 and SNE-2 with the primary reservoirs occurring in the gas cap as predicted, the company said.
The company recovered 216 m of continuous core across the entire reservoir interval. Similar oil-down-to and oil-up-to depths were verified in SNE-2 (103 m gross) with those in SNE-1 (95 m gross).
The SNE-2 well was drilled in 1,200 m of water to a total depth of 2,800 m. It lies some 3 km to the south of Cairn’s previous SNE-1 discovery well (OGJ Online, Nov. 19, 2014). The company is now planning its second appraisal well, SNE-3.
Project partners are Cairn 40%, ConocoPhillips 35%, FAR 15%, and Senegal state oil concern Petrosen 10%.
 
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#185 ·
Algeria inaugurates natural gas pipeline
World Pipelines, Wednesday, 25 April 2018
A ministerial delegation led by Mr. Noureddine Bedoui, Minister of the Interior and Local Government and Territorial Planning, accompanied by Mr. Mustapha Guitouni, Minister of Energy, and the President Director General of SONATRACH, Abdelmoumen Ould Kaddour yesterday inaugurated the project of natural gas supply to the city of Tamanrasset through the development of the gas field of Tidikelt (in Salah), where SONATRACH realised a gas treatment unit of a capacity of 750 000 m3/d of gas.
https://www.worldpipelines.com/project-news/25042018/algeria-inaugurates-natural-gas-pipeline/
 
#188 ·
By:www.reuters.com
Sonatrach boosted gas output by 5 percent in 2017 - CEO

ALGIERS, April 30 (Reuters) - Algeria’s state energy firm Sonatrach said on Monday it boosted its gas output by 5 percent to 135 billion cubic metres in 2017, marking the first time the company has used a news conference to disclose production data.

Sonatrach’s CEO, appointed a year ago, has been trying to overhaul the company, a sprawling and secretive empire not used to change, and increase transparency as the North African country wants to attract more investment.

Total oil and gas output rose by 2 percent in 2017 to 196.5 tonnes of oil equivalent, Chief Executive Abdelmoumen Ould Kaddour told reporters.

Oil production fell 3 percent due to OPEC quotas, he said.

The company’s turnover from oil and gas in 2017 was $33.2 billion, he said, adding that the firm had invested $8.1 billion in 2017, down 8.8 percent from the previous year.

Kaddour, a U.S.-trained engineer, took the reins at Sonatrach last year to overhaul a company plagued by contract disputes with foreign firms, red tape, stagnant production and corruption scandals.

He gave no details of the firm’s future strategy at the news conference, beyond previously stated general messages.

“We need to transform Sonatrach into one of the top five national companies in the world,” Kaddour said. “Less bureaucracy and more professionalism.”

Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe, has been hit by a slump in oil prices and struggled to attract investment to help develop new fields and increase existing production.

In December, Sonatrach said it planned to work more closely with France’s Total on offshore, petrochemical, solar energy and shale exploration projects after settling disputes over profit-sharing on oil and gas contracts.

Algeria remains dependent on oil and gas earnings, which provide 60 percent of the state budget, and Sonatrach’s performance is key to the economy.

The country has been working on a new energy law to provide better incentives for foreign firms, which had been deterred by current terms.

But there are still divergent views within Algeria over how hard to push for foreign investment and domestic economic reform to boost revenue and growth. (Reporting by Lamine Chikhi Writing by Ulf Laessing; Editing by Dale Hudson)
 
#189 ·
Uganda signs off Shs4 trillion for US in refinery



US President Donald Trump’s principal voice on business Wilbur Ross has described the oil refinery agreement signed early last month with a consortium of American and Italian firms as a “major win for US commercial interests in Uganda”.

Mr Ross, the secretary of commerce, in a congratulatory message to the two American firms in the consortium—General Electric’s Baker Hughes and Washington DC based investment capital venture, Yaatra LLC, said the deal “embodies what we can achieve when government acts as a facilitator, not just as a regulator.”

The government on April 11 signed a project framework with the Albertine Graben Refinery Consortium (AGRC), a special vehicle of Italian and American firms, to design, finance, construct and maintain the proposed refinery in Hoima District.

The project is expected to cost Shs10 trillion ($2.85b) with approximately Shs4 trillion ($1b) in expected US export content, according to the US Department of Commerce, and create at least 5,000 jobs both in the US and Uganda.
Other firms part of AGRC are Italy’s Saipem SpA and Mauritius-based private equity fund Intra-continental Asset Holdings.

...

http://www.monitor.co.ug/News/National/Uganda-signs-off-Shs4-trillion-US-refinery/688334-4550148-sj5gxr/index.html
 
#190 ·
Exxon Mobil Unit Sells Italy Refinery, Fuel Terminals to Algeria
may,9.2018
Exxon Mobil Corp. agreed to sell a refinery in Italy to the state oil producer in Algeria. Terms were not disclosed.

Deal is Sonatrach’s first invesment in refining abroad: CEO
Algeria seeks to trim $2 billion annual bill for imported fuel

Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude.

Esso Italiana Srl, a unit of Exxon Mobil in Italy, signed an agreement for the sale of its Augusta refinery in Sicily to Algerian state energy producer Sonatrach, according to an emailed statement from Esso. It’s also selling three fuel terminals in Augusta, Palermo and Naples and related pipelines to Sonatrach.

The terminals will enable Sonatrach to ship Algerian crude to the Augusta refinery and send oil products back to Algeria after refining, Omar Maaliou, general manager of the company’s marketing department, said in an interview. Neither Maaliou nor the Esso statement gave details of the sale’s value.

Algeria, which depends heavily on oil natural and gas exports, has struggled to trim its fuel imports and narrow a budget deficit that ballooned to more than 15 percent of gross domestic product after crude prices began plunging in 2014. The North African nation’s oil production dropped to 990 million barrels a day in April from 1.27 million barrels a day in January 2012, according to data compiled by Bloomberg.

First Abroad

The Augusta refinery purchase marks Algeria’s first international investment in refining, Sonatrach Chief Executive Officer Abdelmoumen Ould Kaddour said in the Esso Italiana statement. Sonatrach announced a deal earlier this year with oil trader Vitol Group to ship Algerian crude to Italy to be processed and sent back as refined products, the first deal of its kind.

Also on Wednesday, Sonatrach announced it will sign a contract with Total SA on May 11 for a petrochemical project in Algeria.

Sonatrach is to complete its purchase of the refinery and fuel terminals in Italy by the end of 2018, and the deal is subject to conditions and legal requirements, including consultation with trade union representatives and approval of the antitrust authority, according to the Esso statement. About 660 Esso employees at these facilities will be transferred to Sonatrach once the sale is completed.

Algeria consumes more oil than its refineries can process into products, according to Sonatrach data. The company’s fuel tenders to cover that shortfall have sometimes been among the largest in the Mediterranean products market, making them important for regional prices.
https://www.bloomberg.com/news/arti...ells-italy-refinery-fuel-terminals-to-algeria
 
#192 ·
Nigeria draft oil reforms seek to establish powerful industry regulator

ABUJA (Reuters) - Nigeria’s government plans to create a powerful energy regulator with broad oversight of the oil and gas sector, according to draft versions of sweeping reforms known collectively as the Petroleum Industry Bill (PIB).

The draft laws, posted on the Nigerian legislature’s website on April 30, are the versions intended for the Senate, the upper house of parliament.

The PIB aims to improve transparency, attract investors, stimulate growth and increase government revenues.

After being debated for well over a decade, the unwieldly and contentious legislation was broken into sections to help it pass into law.

The governance part of the bill was passed by both houses of parliament in January. However, that section has not yet been signed into law by President Muhammadu Buhari, who is also Nigeria’s oil minister.

...

https://af.reuters.com/article/investingNews/idAFKBN1IB2AW-OZABS
 
#194 ·
Total strengthens its cooperation with Sonatrach
Paris, May 11, 2018
As part of the comprehensive partnership announced in 2017, Total has signed an agreement with Sonatrach to launch the engineering studies for a petrochemical project in Arzew, western Algeria.

The project includes a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 tons per year. The project represents an investment of around $1.4 billion by the two partners (Sonatrach 51%, Total 49%), who are planning to start the front-end engineering and design (FEED) this summer, subject to approval by the relevant Algerian regulatory authorities. The facility will valorize propane, produced in large quantities locally, by transforming it into polypropylene, a plastic for which demand is growing strongly. It will supply in priority the local and Mediterranean demand and Total will be responsible for the commercialization of the rest of the production in Europe, where it will leverage its market expertise to the benefit of both partners.

“This project in Algeria illustrates our petrochemical growth strategy which consists of expanding our activities from competitively advantaged feedstock, especially derived from gas, to take advantage of the growing global plastics demand. This polypropylene project complements our other projects announced recently in the United States, in the Middle-East and in Asia, which are primarily focused on polyethylene” commented Patrick Pouyanné, Chairman and Chief Executive Officer of Total. “It is also an opportunity to strengthen our cooperation with Sonatrach, by moving beyond our long-standing exploration and production relationship to invest in the downstream together.”
http://www.oilandgasrepublic.com/20...eed:+oilandgasrepublic+(OIL+AND+GAS+REPUBLIC)
 
#195 ·
Algeria's Sonatrach to sharpen focus on petrochemicals
BUSINESS NEWS MAY 13, 2018
Lamine Chikhi
ALGIERS (Reuters) - Algerian state energy company Sonatrach will focus on petrochemical deals to reduce the North African country’s fuel imports while boosting revenue, its chief executive said.

Last week Sonatrach said it planned to buy ExxonMobil’s (XOM.N) 175,000 barrel per day (bpd) Augusta refinery in Sicily, Italy, and on Friday it signed a $1.5 billion deal with France’s Total (TOTF.PA) deal to build a polypropylene plant in Algeria.

“Definitely petrochemicals are a top priority as we need to do more with less, to get more revenue with less oil and gas. The best way is petrochemicals,” Abdelmoumen Ould Kaddour said on Saturday.

The OPEC oil producer’s oil and gas revenue amounted to $33 billion last year, compared with $60 billion in 2014 before crude’s protracted price slump.

However, the recent upturn in prices gives Sonatrach a little more acquisitive muscle.

“The surplus in revenue due to a recent rise in the oil price should be used to buy more assets overseas. We need to be business oriented,” he said.

“The good thing is that we have the full support of the presidency.”

Among its recent deals is an agreement to exchange crude for refined products with the world’s largest oil trader Vitol and a deal with U.S. firm Honeywell to produce cleaner burning transportation fuel in Algeria.

Algeria spent $2 billion on imports of refined products 2017..
https://uk.reuters.com/article/uk-a...ocus-on-petrochemicals-idUKKCN1IE0S8?rpc=401&
 
#196 ·
https://www.offshoreenergytoday.com/repsol-finds-oil-offshore-gabon/

Spanish oil company Repsol has encountered oil offshore Gabon with the Ivela-1 exploration well.

The Ivela-1 exploration well is located in the Lower Congo Basin, in Luna Muetse (E13) Block which has a net surface area of 1,200 km2.

Repsol is the operator of the offshore block with a 60% interest and Australia’s Woodside is its partner with the remaining 40% interest.

Repsol started drilling the Ivela-1 well at the end of January 2018 using the Seadrill-owned West Capella drillship. Woodside said on Wednesday that the well intersected a 78 m gross oil column and the assessment is ongoing.

The well was completed during the first quarter of the year. Water depth at the site is 2,665 meters.

The West Capella is a 6th generation ultradeepwater drillship of Samsung 10,000 design, built by Samsung Heavy Industries in 2008. Back in March Repsol awarded a contract to the West Capella drillship for one exploration well offshore Aruba. The rig will start drilling off Aruba in June after completing the current contract with Repsol in Gabon.
Posted on April 18, 2018
Offshore Energy Today Staff
 
#197 ·
By:www.devdiscourse.com
Algeria intensifies investment in oil and gas sector by launching new projects
OBG highlighted the start of production of Timimoun gas field, which is expected to produce 1,800 million cubic meters of gas.
Algeria has intensified its investment in the oil and gas sector by launching new projects as part of a strategy to increase production and develop the processing industry to create added value, the British company of economic research and consultancy Oxford Business Group (OBG) said.

In this sense, OBG highlighted the start of production in March of the Timimoun gas field, which is expected to produce 1,800 million cubic meters of gas per year in 37 wells, in the framework of an association between Sonatrach (51 percent of the shares ), Total (37.75 percent) and Cepsa (11.25 percent).

The launch of Timimoun's operations, after a series of delays, follows the creation in 2017 of the Reggane Nord gas pipeline, developed by Sonatrach and its European partners Repsol, DEA Deutsche Erdoel, and Edison, to reach an estimated annual production of 4.5 thousand million cubic meters, said OBG.

A third project should be launched in the second half of 2018, the development of the Touat gas field, a partnership between Sonatrach (35 percent), Engie (30 percent) and Neptune Energy (35 percent), which acquired Engie E & P International in February 2018, underlined OBG.

These three projects, which are expected to increase total gas production by about 9 billion cubic meters per year, will be connected to the new 765 km GR5 pipeline that will transport gas to the Hassi R'mel treatment center. This increase in upstream activity occurred when Sonatrach announced its intention to invest 56 billion dollars by 2022.
 
#198 ·
By:www.marketwatch.com
Total, Repsol, Sonatrach extend Algeria gas deal
Published: June 11, 2018 9:39 a.m. ET
By
Alberto
Delclaux

Total SA (FP.FR), Repsol SA (REP.MC) and Sonatrach have signed a 25-year extension to exploit the Tin Fouye Tabankort gas field in Algeria, the French oil major said Monday.

France's Total will have a 26.4% interest in the field, while Sonatrach will have 51% and Repsol 22.6%. The three partners will carry out investments to develop additional reserves estimated at more than 250 million barrels of oil equivalent, according to Total.

"These investments will allow to maintain the production of the field, which is currently over 80,000 barrels of oil equivalent per day for 6 years," Total said.
 
#199 ·
www.worldoil.com
Pertamina awards EPC contract for gas capacity increase to Bonatti
6/11/2018

PARMA, Italy -- Pertamina Algeria EP has awarded to Bonatti the contract worth 85 Million Euro for the provision of engineering, procurement, & construction of a gas capacity increase project for MLN field, which will upgrade the existing facilities to treat the future expected gas flow and enhance the oil production.

Bonatti's scope of work includes the engineering, procurement, construction and installation, pre-commissioning, commissioning and assistance for start-up of the Gas Capacity Increase Project (GCIP) in MLN (Menzel Lejmat Nord) field, as part of Phase-4 Development Project.

MLN field is located in the north of Block 405a, approximately 240 km southeast of Hassi Messaoud (Algeria) in a remote desert location.

The aim of Project GCIP is the development and upgrading of the existing facility for future expected gas treatment and oil production at 2020 by installation of the new 2 x 37.5 MMscfd compressors, a dehydration train and their related systems.

Being located in an operational field, Bonatti will perform the activities in particularly challenging conditions, such as brownfield and live plant, avoiding disturbances to the ongoing production.
 
#200 · (Edited)
Algeria renews natural gas contracts with Spain
Source: Xinhua 2018-06-15 05:43:59
ALGIERS, June 14 (Xinhua) -- Algeria's national oil company Sonatrach on Thursday renewed agreements with Spain's Fenosa for natural gas sales until 2030.

According to Sonatrach's statement, the agreements enable Sonatrach to consolidate its position as the leading gas supplier of Spain and strengthen its cooperation with its long-time partner Fenosa.

Sonatrach's CEO Abdelmoumen Ould Kaddour hailed the long-term partnership between the two companies, adding that "these agreements are an important step in Sonatrach's future positioning on the international gas market."

Algeria's TSA news site revealed that the contract has a value of 2.5 billion euro (2.9 billion U.S. dollars) per year, or 30 billion euro over the entire duration. Algeria accounts for about 50 percent of Spain's natural gas demand.

The commercial relations between Sonatrach and Fenosa began with LNG supplies in 1970s.

Sonatrach, which holds 4-percent-stake of Fenosa, is the fourth largest shareholder of the Spanish company.

A report of the World Bank ranked Algeria as the ninth biggest natural gas producer in 2014.
http://www.xinhuanet.com/english/2018-06/15/c_137254524.htm
 
#201 ·
Algeria's Sonatrach aims to be ranked among world's five biggest oil and gas groups
14/06/2018
ORAN, ALGERIA, June 14 (BERNAMA-NNN-APS) -- -Algeria's Sonatrach aims to rank among the world's five largest oil and gas groups, a target which its chief executive officer (CEO) Abdelmoumene Ould Kaddour, describes as an achievable goal.

Presenting Sonatrach´s strategy for the period until the year 2030 at the group´s downstream activity headquarters in Oran, in north-central Algeria, on Wednesday, Ould Kaddour said: "Sonatrach seeks to rank among the top five oil companies in the world under this strategy ", while stressing that "this goal is attainable".

He stressed the involvement of the group´s "motivated and committed" staff in the implementation of the strategy and the need to communicate the short, medium and long-term goals of this strategy throughout the country.

"We bank on excellence. We have thoroughly studied the criteria to place Sonatrach among the top five oil groups in the world, " he said. "Moreover, we count on our human resource and the group´s experience.

"We are explaining this strategy to our international partners with whom we seek to create new business opportunities and bring added value to our country. "

Ould Kaddour who promised to present the financial aspects of the strategy at an upcoming meeting.....
http://www.bernama.com/en/world/news.php?id=1472210
 
#203 ·
Algeria's Sonatrach aims to be ranked among world's five biggest oil and gas groups
http://www.bernama.com/en/world/news.php?id=1472210
To get an idea about the size of I.O.C, Algeria Sonatrach has a turnover of about 50-70 billions USD/year, so it seems a hard objective to achieve.


Top 10 oil and gas companies in the world

By Polly Coleman . Mar 17, 2017, 7:12AM

10: LukOil (Russia)

Revenue: $90.4 billion
Market Value: $36.8 billion


Founded in November 1991, LukOil is headquartered in Moscow, Russia and employs over 110,000 people from all over the world. It specialises in the exploration, production, refining, marketing, and distribution of oil. The business is divided into four core sections: Exploration and Production; Refining, Marketing and Distribution; Petrochemicals and Power Generation.

The company has over $69 billion in assets and has spent more than $1.4 billion on exploration.

LukOil has also spent over $1.5 billion on environmental security, focussing on utilising its APG (associated petroleum gas), reducing pollution levels in the atmosphere, decreasing contaminated lands and waste water discharge.



9: Reliance Industries (India)

Revenue: $42.2 billion
Market Value: $50.6 billion


Reliance Industries is an Indian company founded by Dhirubhai Hirachand Ambani in 1966. The company is headquartered in Mumbai, has over $91.54 billion dollars in assets and employs more than 23,853 people.

It specialises in the exploration and production of oil and gas, petroleum refining and marketing textiles, retail and special economic zones. The company is also involved in the marketing of petrochemicals, polyester, plastics and chemicals.

The company has won a large number of awards such as (most recently) the ‘Sustainable Plus Platinum Award’ awarded in 2016 by the Confederation of Indian Industries.

Reliance Industries is also very popular on social media with over 2.3 million likes on Facebook and 31,200 Twitter followers.



8. Rosneft (Russia)

Revenue: $80.8 billion
Market Value: $51.1 billion


Rosneft is a Russian oil and gas operations company, founded in 1993 and headquartered in Moscow. It is not just one of the largest oil and gas companies in Russia, but also one of the largest public oil and gas companies on earth with over $139 billion in assets.

The company employs over 48,000 people and its largest shareholder is ROSNEFTEGAZ OJSC which owns 69.50 percent of the equity.



7. Gazprom (Russia)

Revenue: $102.1 billion
Market Value: $57.1 billion


Gazprom employs more than 449,000 people and has assets worth $250.24 billion. The company, which was founded in 1989, is headquartered in Moscow.

The company is involved with the geological exploration, production, transportation, storage, processing and marketing of gas and other hydrocarbons and it has the world's richest reserves of natural gas.

Gazprom has a gas transmission system which is more than 171,000 kilometres long. This makes it the largest gas transmission system on the globe.



6. Royal Dutch Shell (Netherlands)

Revenue: $264.9 billion
Market Value: $210 billion

Royal Dutch Shell was founded in February 1907 and is headquartered in The Hague, Netherlands.

The company’s assets are worth over $340 billion and it operates in more than 70 countries. The bussinessess CEO is Ben van Beurden.

The company has employees in excess of 93,000 people on average and it produces the equivalent of three million barrels of oil every day.

Employees that work at Shell work on some of the most innovative energy projects on the globe such as the world’s deepest offshore oil and gas field and the largest floating liquefied natural gas production facility.

The company invested over $1.1 billion in investment in research and development in 2015.



5. Sinopec (China)

Revenue: $283.6 billion
Market Value: $89.9 billion


Sinopec was founded in December 2000, is headquartered in Beijing, China and currently employs over 78,000 people.

The company manufactures chemicals and petrochemical products. The business runs by working through five sections, these are: Polyester Chips, Bottle-Grade Polyester Chips, Staple Fibre and Hollow Fibre, Filament and Purified Terephthalic Acid.



4. Total (France)

Revenue: $143.4 billion
Market Value: $121.9 billion

Total was founded in March 1924 and is headquartered in Courbevoie, France. The company’s CEO is Patrick Pouyanné.

Total is known for its exploration, development, production and marketing of oil and gas. As of May 2016, the company has had more than $143.36 billion in sales and it employs over 96,000 people.

The business is split into three sections in which it operates, these are: Upstream, Refining & Chemicals, Marketing & Services.

The company has assets worth over $224.48 billion.



3. Chevron (United States)

Revenue: $129.9 billion
Market Value: $192.3 billion


Chevron was founded in 1906. It is an energy company which offers administrative, financial, management and tech support to the United States and other international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.

The company has over $266.1 billion in assets, $129.87 billion in sales and is headquartered in San Ramon, California. The company employs over 61,000 people.

“Our success is driven by our people and their commitment to getting results the right way – by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth.”



2. Petro China (China)

Revenue: $274.6 billion
Market Value: $203.8 billion


Petro China is involved in the exploration, development, production and sale of crude oil and natural gas. The business is also involved in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative chemical products and other chemical products.

The company was founded on the 5th of November, 1999 and is headquartered in Beijing, China. It employs over 851,000 people and has more than $368.69 billion in assets. Petro China’s Chief Executive Officer is Wang Dongjin.



1. Exxon Mobil (United States)

Revenue: $236.8 billion
Market Value: $ 363.3 billion


Exxon Mobil was founded by John D. Rockefeller in 1882 (making it the oldest company on our list) and is headquartered in Irving, Texas.

Exxon Mobil Corp is involved in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through three main sections, these are: Upstream, Downstream, and Chemical.

The company employs over 75,000 people and (in 2015) had sales of over $236.81 billion and profits of over $16.15 billion. Exxon Mobil currently has assets worth $336.76 billion.

“Over the last 125 years, ExxonMobil has evolved from a regional marketer of kerosene in the United States to the largest publicly traded petroleum and petrochemical enterprise in the world. Today we operate in most of the world's countries and are best known by our familiar brand names: Exxon, Esso and Mobil. We make the products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods.”
 
#202 ·
Total extends Algeria gas exploration contract

French oil major Total and Algeria’s Sonatrach, Repsol and Alnaft have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field.

This new contract, which will become effective upon the approval by the relevant Algerian authorities, will give Total a 26.4 per cent interest alongside Sonatrach (51 per cent) and Repsol (22.6 per cent). The companies have also signed a gas marketing agreement.

The partners will carry out the drilling and development investments required to develop additional reserves estimated at more than 250 million barrels of oil equivalent. These investments will allow to maintain the production of the field, which is currently over 80,000 barrels of oil equivalent per day for 6 years.

"Today’s agreements mark a new milestone in the implementation of the comprehensive partnership agreement signed between Sonatrach and Total in April 2017, and strengthen the strategic cooperation between the two companies,” said Patrick Pouyanné, chairman and CEO of Total.

“As a historical partner of the TFT field, Total will continue to provide the best of its technological expertise to keep developing the reserves of this gas field. This project is in line with the Group's strategy to grow its gas production in competitive conditions,” he added.

Total in Algeria

In 2017, Total produced 15,000 barrels of oil equivalent per day (boe/d) in Algeria, all of it from the TFT gas and condensate field. The Group currently holds a 35 per cent in interest in TFT.

In March 2018, Total started up production from the Timimoun gas field in southwestern Algeria. The Group has a 37.75 per cent interest in the field, which has a production capacity of 5 million cubic meters of gas per day (around 30,000 boe/d).

Through the Maersk Oil acquisition, which closed on March 8, 2018, Total now holds a 12.25 per cent interest in the El Merk, Hassi Berkine and Ourhoud oil fields, which have a combined production capacity of 400,000 boe/d.

In November 2017, Total also announced the acquisition of Engie’s upstream liquefied natural gas (LNG) assets. Once closed, this transaction will add 4.6 million tons per year to the Group’s global LNG portfolio thanks to supply agreements with Sonatrach.

In May 2018, Total has signed an agreement with Sonatrach to launch the engineering studies for a petrochemical project in Arzew, western Algeria.

In Algeria, the Group is also active in the marketing of lubricants and bitumen. – TradeArabia News Service
http://tradearabia.com/touch/article/OGN/341811
 
#204 ·
uk.reuters.com
Sonatrach sees Exxon pact by year's end, boosts output after OPEC deal
By Ernest Scheyder and Richard Valdmanis

WASHINGTON, June 27 (Reuters) - Algeria’s Sonatrach expects to sign a shale development agreement with Exxon Mobil Corp by the end of the year, the state-controlled energy producer’s chief executive said on Wednesday.

The OPEC member, which has some of the world’s largest supplies of shale rock, wants to tap gas reservoirs deep in the country’s southern region, but needs foreign expertise.

Exxon, the world’s largest publicly traded oil producer, has large shale operations in the United States and decades of experience in OPEC member nations.

“We’re looking at their experience in shale and would like them to be involved with us,” Sonatrach CEO Abdelmoumen Ould Kaddour told Reuters on the sidelines of the World Gas Conference in Washington.

Kaddour and Exxon started talking six months ago about a potential deal. Seven Exxon employees are in Algeria inspecting the country’s geology and other factors for a possible agreement, Kaddour said.

“We’ll probably see an Exxon agreement soon, before the end of the year,” he said.

Exxon declined to comment.

OPEC

Algeria sees last week’s agreement from the Organization of the Petroleum Exporting Countries to boost output as a “good deal” and the country has increased output by 30,000 to 40,000 barrels per day, Kaddour said.

“If this (OPEC) agreement falls apart, there’s no control on the price” of oil, he said. “You have Saudi (Arabia) and Russia that want to increase as much as they can produce, and then you have the other side, like Iran and other countries, that do not want that increase.

“We need to stay together as a group. Keeping that equilibrium alive is the most important thing.”

Kaddour, who took the top spot at Sonatrach last year, has launched a long-term strategy “SH 2030.” It targets $67 billion of additional revenues by 2030, of which 50 percent will be reinvested.

As part of that, Sonatrach is working to boost natural gas exports to Europe and other markets. Exports are the largest sources of hard currency for Algeria, and the company has space available on export pipe to Europe, he said.

The company is spending $10 billion this year to boost its production, Kaddour said.

“We want to increased our share of the international market in oil and gas,” Kaddour said.

Sonatrach is also in talks with Chevron Corp to start a trading and marketing business for its crude oil and natural gas, Kaddour said. Chevron declined to comment. (Reporting by Ernest Scheyder and Richard Valdmanis; Editing by David Gregorio)
 
#205 ·
Attention Turns To Africa As Confidence Returns To The Oil And Gas Sector

Africa continues to offer abundant opportunities to explore for hydrocarbons in a frontier market. This is demonstrated by the great and the good of the sector that turn up every November for Africa’s leading conference and exhibition – Africa Oil Week. Many of those were in London earlier this month and I took the opportunity to gain a sense of Africa’s position in the market as the sector’s prospects continue to rally.


New hydrocarbon provinces are popping up regularly; Mauritania and Senegal are good examples of countries where hydrocarbons have recently been discovered. However, the African oil and gas industry continues to play catch-up with the rest of the world.

But what if there is another way? What if African oil and gas companies could sidestep the competition by doing things differently? There are new technologies that can enable a profound transformation in the way operations and business are conducted in the industry.

Learning to leapfrog

At PwC, we believe that African oil and gas companies should be ‘learning to leapfrog’,” Chris Bredenhann, Africa Oil and Gas Advisory Leader, at PwC said. “Challenges will persist, but given new technologies and ways of working, companies could learn to leap over them rather than going through them.

Take for example the lack of infrastructure that plagues the industry in Africa. If there are no roads to get parts and equipment to remote work sites, why not utilize drones? Imagine when the need for a small replacement is produced by 3D printers and delivered to a drilling location via drone, reducing downtime to a fraction of what it would have been with traditional sourcing strategies.

...

https://www.forbes.com/sites/markvenables/2018/06/29/attention-turns-to-africa-as-confidence-returns-to-the-oil-and-gas-sector/#5531159814c9
 
#206 ·
Uganda targets new oil storage facility

Nairobi/Kampala — Uganda, which plans to refine its own oil, says it will require as much as $70m to construct a storage facility for refined products on the outskirts of the capital, Kampala.

The East African country will initially build storage with capacity for 60,000m³, which it may upgrade to 138,000m³ if there is demand, Josephine Wapakabulo, CEO of Kampala-based Uganda National Oil Company, said on Thursday in response to questions.

Uganda, which plans to start oil production from its western Lake Albert region in 2020, will seek a joint venture partner for the project and will invite bids before the end of 2018, she said.

It already has storage for 30,000-million litres in the eastern town of Jinja.



https://www.businesslive.co.za/bd/world/africa/2018-07-13-uganda-targets-new-oil-storage-facility/
 
#207 · (Edited)
#208 ·
africabusinesscommunities.com
Eni and Sonatrach strengthen cooperation in the gas sector in Algeria
23-07-2018 06:47:00 | by: Andrea Ayemoba
The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin. In combination with the existing assets of BRN (block 403) and MLE (block 405b), the aim is creating a gas hub in the area.

Such agreement, which is part of the Framework Agreement signed last April at the "Technical Scientific Days" event in Orano, aims to develop an ambitious program to relaunch exploration and development in the area, by optimizing existing infrastructures and putting them in synergy with the ones newly built: a 180 Km line that will quickly connect BRN with MLE’s assets, transforming it into the Berkine basin’s main gas hub.

Eni and SONATRACH also agreed the commercial conditions for the 2018-19 thermal year, in line with the gas market. Additionally, as part of a strengthening of their cooperation and partnership, the two companies have agreed to begin a negotiation to look into extending the gas supply beyond the contractual deadline of 2019.

The Chief Executive Officer of Eni, Claudio Descalzi, commented: "This is a further step forward in the strategic expansion of our upstream activities in Algeria and in Eni’s renegotiation of long-term gas supply contracts. It also demonstrates a strong spirit of collaboration between SONATRACH and Eni, from exploration to the development of new projects in gas and renewable energy ".

Eni and SONATRACH also agreed to further strengthen their cooperation in petrochemical, renewables, offshore projects in Algeria and other international cooperation opportunities.

Eni has had a presence in Algeria since 1981 and currently operates 32 mining permits in the country, with an equity production of over 100,000 barrels of oil equivalent per day, making the company the country’s main international player.

www.eni.com
 
#209 ·
www.reuters.com
Algeria signs gas supply deals with Spain, Italy's Eni -Sonatrach CEO
Reuters Staff

ANNABA, Algeria, Aug 15 (Reuters) - Algeria has signed a nine-year deal to supply Spain with nine billion cubic metres (bcm) of gas per year, the head of Algerian state energy firm Sonatrach Abdelmoumen Ould Kaddour said on Wednesday.

Algeria has also signed a deal to supply Italy’s Eni with 3 billion cubic metres of gas per year, Ould Kaddour said, without giving a timeframe for the agreement. (Reporting by Lamine Chikhi Writing by Aidan Lewis; editing by David Evans)
 
#210 ·
By:dzairakhbar.com

Cameroun: 100% de disponibilité commerciale pour Golar LNG

août 24, 2018 Equipe du journalInternational

Golar LNG a annoncé jeudi que son projet pionnier de gaz naturel liquéfié sur plateforme flottante (FLNG) au Cameroun avait atteint 100% de disponibilité commerciale, suite à sa mise en service au début de l’année, et devait bientôt expédier sa sixième cargaison.

Le Hilli Episeyo FLNG est la première installation flottante de production de GNL au monde, une reconversion d’un vieux tanker, pour contenir quatre trains de liquéfication de gaz naturel. Le Cameroun rejoint ainsi l’Algérie, le Nigeria, l’Angola, la Guinée Equatoriale et l’Egypte en tant qu’exportateurs africains de GNL.

En mars 2018, Golar a annoncé avoir commencé la production de GNL à partir de l’usine.

Gazprom Marketing & Trading va acheter la totalité du GNL produit par le projet, qui repose sur des réserves de gaz de 500 Tcf (14 milliards de mètres cubes) provenant des champs offshore de Kribi, pour une durée de production de huit ans..............Lire la suite
 
#211 ·
By:www.spglobal.com
Algeria's Sonatrach eyes more gas exports to Spain through Medgaz expansion
Author Struart Elliott Editor Maurice Geller Commodity Natural Gas

London — Algeria's state-owned Sonatrach wants to boost its gas exports to Spain through the expansion of the 8 Bcm/year Medgaz pipeline while also maintaining supplies through the GME link via Morocco, its CEO Abdelmoumen Ould Kaddour said late Wednesday.



Algeria sends gas via the two pipelines to Spain -- with volumes totaling 14.5 Bcm in 2017 -- but Sonatrach wants to be able to increase exports as it brings online a number of new major gas production projects in the coming years.

Sonatrach began construction work Wednesday on a new 200 km pipeline that can divert gas away from the GME pipeline into Medgaz, but Ould Kaddour said this did not necessarily mean transit via Morocco would cease -- rather that it would give the company more flexibility and optionality in its exports to Spain.

"One of our objectives is to continue to produce more gas and to transport more gas to Europe and in particular to Spain," he said.

The new pipeline will run from El-Aricha on the border between Algeria and Morocco to Beni-Saf, the starting point of the Medgaz pipeline, creating a new "loop" between the export lines. In order to be able to move gas in that direction, however, the capacity of Medgaz will also need to be expanded.

"We are currently transporting 8 Bcm/year through Medgaz and we are putting in place a turbo-compressor to increase it to 10 Bcm/year," he said.

According to a Sonatrach engineering source, with the addition of more turbo-compressors, the Medgaz capacity could then be further expanded to 16 Bcm/year by 2020.

Ould Kaddour was speaking after the launch ceremony of the new El Aricha-Beni Saf pipeline, also attended by energy minister Mustapha Guitouni. The new link is expected to be completed by September 2020.

MOROCCO TRANSIT


On the question of continued gas transit via Morocco through the GME pipeline after the current contract expires in 2021, Ould Kaddour was hopeful of reaching a new deal.

"By 2021, we will see what will happen. There are Moroccans who are on the project and we are discussing it with them. I think there is going to be an extension of this contract. I do not think there are any difficulties so we can continue to work with them," he said.

"For us it is a question of increasing our export capacities. I have always said that Algeria is a 'gas country' rather an 'oil country' and it is in this sense that we want to increase our export capacity."The Moroccan authorities have said it is unclear whether the contract to transit Algerian gas via Morocco to Spain will be renewed, prompting Algiers to come up with a back-up plan.

Morocco has made some significant gas finds in the east of the country in recent years, including finds by the UK-based exploration company Sound Energy, and is also looking to install an LNG import terminal, meaning it will have less need for Algerian gas, which it takes in lieu of payment for transit.

It could also use the GME pipeline to export its own gas if the discoveries are big enough to allow for exports in the future.
 
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