CAIRO – 14 March 2019: Italian Oil Company Eni announced Thursday a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai peninsula.
Eni clarified in a press release that the Nour-1 New Field Wildcat (NFW), which has led to the discovery, was drilled by the Scarabeo-9 semi-sub in a water depth of 295 meters and reached a total depth of 5,914 meters.
According to the statement, Nour-1 well found 33 meters of gross sandstone pay with good petro physical properties and an estimated gas column of 90 meters in the Tineh formation of Oligocene age. The well has not been tested; however, an intense and accurate data acquisition has been carried out.
“In the concession, Eni is the operator with a 40 percent stake,in cooperation with Egyptian Natural Gas Holding Company (EGAS), BP holds a 25 percent stake, Mubadala Petroleum a 20 percent stake while Tharwa Petroleum Company a 15 percent stake of the contractor’s share,” the company noted.
It added that he JV Operator will start the feasibility studies to accelerate the exploitation of these new resources, leveraging the synergies with existing facilities and infrastructures, after finalizing the discovery evaluation.
Enihas operated in Egypt through its subsidiary Ieoc since 1954. The company is the country’s leading producer with equity above 340,000 barrels of oil equivalent per day that will further growin 2019 with the ramp up of the Zohr Project to production plateau.
Eni CEO Claudio Descalzi said that Eni seeks to pump investments of $3 billion in Egypt during the upcoming period.
Descalzi added that the total investments pumped in Noras and Zohr fields so far have reached $8.4 billion, noting that 70 percent of the company’s investments exist in Egypt.
In 2015, Eni discovered Zohr gas field, the biggest gas field in the Mediterranean, with an estimated production of 30 trillion cubic feet.
On the other hand, Cavanna said in April that gas production from the Noras gas field increased to around 1.2 billion cubic feet per day (bcf/day).
Egypt recently signed several oil agreements for the exploration of oil and gas in several areas, including the Mediterranean, Western desert, Nile Delta and the Gulf of Suez.
The number of signed petroleum agreements since 2014 reached 88 and the authority is working on signing 13 new agreements.
In fiscal year 2018/2019, the targeted investments in petroleum sector are estimated at LE 145.6 billion ($8.12 billion), marking 15.5 percent of the year’s total investments.
Natural gas investments represent 91 percent of petroleum investments, which amounts to LE 132.8 billion.
– EGYPT TODAY
Dangote, Chevron Nigeria Sign Historic Agreement on Gas Supply
L-R: Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche; and Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin, at the signing of Gas Supply and Aggregation Agreement (GSAA) between CNL, GACN and Dangote Fertilizer Limited on Monday, February 25, 2019
The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)’s gas obligation to the domestic market through the Gas Aggregation Company Limited (GACN)
LAGOS, Nigeria, March 2019/ — Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon.
The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)’s gas obligation to the domestic market through the Gas Aggregation Company Limited (GACN).
The signing ceremony, held at the Department of Petroleum Resources (DPR) office in Lagos, was executed on behalf of the parties by Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin; Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; and Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche.
Dangote Fertilizer Limited, which is ready to be commissioned before the end of this year, will produce 3.0 million metric tonnes per annum (mmtpa) of Urea.
The fertilizer plant consists of twin train, with each single train having a capacity of 1.5 million tonnes per annum of Urea and Ammonia, which makes each of them the largest train available in the world. Hence the total capacity of the plant is 3 million tonnes per annum, and it sits on an area of 500 hectares.
Speaking at the signing ceremony, Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, commended the Managing Director of GACN for his role in the new business relationship between Dangote Fertilizer Limited and Chevron Nigeria Limited.
He said the company is looking forward to having a long-term relationship with Chevron Nigeria Limited as well as synergies in other upstream and wider areas of operations in the oil and gas sector.
Chairman/Managing Director, CNL, Jeffrey Ewing commended GACN, DPR for helping with the signing of the gas supply agreement. He said: “We are looking forward to working with Dangote Fertilizer and maintaining a good relationship with the company. This agreement is very important for the country and Chevron is committed to Nigeria’s economic development.”
The Managing Director/CEO, GACN, Morgan Okwoche, expressed delight to be part of the domestic gas agreement. “This is the beginning of fruitful relationship between Dangote Fertilizer Limited, Chevron Nigeria Limited and other parties. I am excited that this is happening during my term in office. You cannot imagine my satisfaction in having this contract signed at this time,” he said.
Head, Gas Monitoring & Regulation Division, DPR, Sanya Bajomo, said: “I am glad that GACN, Chevron and Dangote have signed this gas supply agreement. I want to say that this gas supply agreement is an issue of national interest and what happened today is going to be transmitted to the presidency. I believe everybody is going to benefit from this agreement when the fertilizer plant starts operation.”
– DANGOTE GROUP
Egypt achieves self-sufficiency of natural gas
President Abdel Fahat al-Sisi meets with Prime Minster Moustafa Madbouli and Minister of Petroleum Tarek el Molla on March 7, 2019 – Press photo
CAIRO – 8 March 2019: Egypt achieved self-sufficiency in natural gas, stated Minister of Petroleum Tarek el Molla in a meeting with President Abdel Fahat al-Sisi and Prime Minster Moustafa Madbouli on Thursday, according to a statement from the presidential spokesperson Bassam Radi.
The reasons of achieving self-sufficiency boil down to accelerating the excavation works for natural gas and offering international tenders that encouraged ‘ExxonMobil’ company to pump investments in the Egyptian market for the first time and ‘Shell’ company to return its investments in the market after a ten-year hiatus, the Minister said.
Egypt achieved the highest production of crude oil and natural gas in February with an output of 1.8 million barrels a day, the minister added.
One million housing units were supplied with natural gas in 2018, recording the highest rate ever in Egypt, Molla said, noting that investments in the petroleum sector over the past four years hit 27 billion dollars.
After being updated on several axes regarding the important achievements implemented recently in petroleum sector, President Sisi directed government to continue all required efforts to heavily focus on the oil and gas infrastructure projects, and to invite first international tenders for gas exploration in the Red Sea in order to achieve optimal economic utilization of all potentials and natural resources needed for sustainable development.
On Thursday, Molla signed a new petroleum agreement with German company DEA, with investment worth $20 million.
Petroleum Ministry clarified in a statement that the agreement is to explore oil and gas in Ras Badran and Khaleeg el Zeit in the Gulf of Suez .
The agreement stipulates the commitment of the German company to carry out drilling activities and development of production facilities, operation and maintenance of the extraction plant in the Gulf of Suez; the whole production of Butane gas will be transferred to the Petroleum Authority.
Shell, Partners Sign 300 Million Cubic Feet Gas FID
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz and the Managing Director of Nigeria Agip Oil Company Limited, Mr. Lorenzo Fiorillo.
SPDC had announced taking FID last December on the Assa North Gas Development Project which is one of the Seven Critical Gas Development Projects of the Federal Government. The project, located in south-eastern Imo State, aims to position Nigeria as a regional hub for gas-based industries while complementing Federal Government’s aspiration for gas sufficiency for domestic consumption, power generation, and gas-based ammonia and urea fertilizers for farmers.
At peak production, the project is expected to produce 300 million standard cubic feet of gas per day and will be treated at SPDC JV’s Gas Processing Facility and distributed through the Obiafu-Obrikom-Oben pipeline network.
Speaking at the FID agreement-signing ceremony, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, described the project a major investment towards fulfilling the domestic gas aspiration of the Federal Government, adding that the corporation was excited at the progress with the project and would provide the needed support to ensure first gas production as soon as possible.
Baru, who was represented by NNPC Chief Operating Officer Upstream, Mallam Rabiu Bello, said, “The NNPC Project Management Board would work hard to ensure progress having provided the necessary approvals and enablers,” adding on successful completion, the project would translate into huge social-economic benefit to Nigerians.
Also speaking, Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, described the progress with the FID as good news for the SPDC JV and Nigeria for the accelerated growth of the domestic market and optimisation of SPDC’s onshore footprints.
Okunbor said, “The project is key to driving the Federal Government of Nigeria’s ambition of marching away from a mono-economy through diverse industrial growth. It is premier amongst the Seven Critical Gas Projects initiative led by the Ministry of Petroleum and the Nigerian National Petroleum Corporation (NNPC). Their integrated focus, support and drive were instrumental to this investment decision.
“SPDC JV would continue to explore other areas of support for the expansion of domestic gas supply and continue to make investments under the right conditions.”
SPDC had earlier signed a Global Memorandum of Understanding with the clusters of host communities of the Assa North project for community development projects in addition to some other community initiatives already executed by the company ahead of construction work.
SPDC is the operator of a Joint Venture involving NNPC, which holds 55%; Shell 30%; Total Exploration and Production Nigeria Limited (TEPNG)10%; and Nigeria Agip Oil Company Limited (NAOC) 5%.
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