In The Spotlight
Vantage Drilling International Ltd has created a joint venture entity with TotalEnergies called TEVA Ship Charter LLC
The entity have all definitive agreements executed to acquire the Tungsten Explorer rig, which is currently held under contract for operations in Congo. Once completed, a sale and purchase agreement has been put in place to take over the rig, besides a management agreement that allows Vantage its operation for 10 years with the option to extend for an additional five years.
Offshore drilling collaboration
Ihab Toma, CEO of Vantage Drilling, said, “We are proud to partner with TotalEnergies in this joint venture, marking a significant milestone for both companies. The creation of TEVA and the execution of all definitive agreements reinforce our shared commitment to value creation through collaboration and creative business models in offshore drilling. We look forward to leveraging our expertise to ensure the long-term success of this partnership.”
Dar Petroleum Company (DPOC) has resumed exploration activities in Blocks 3 and 7 in Upper Nile State, South Sudan, after a force majeure was lifted by the government and the Basher Pipeline Company (Bapco)
South Sudan's Minister of Petroleum, Puot Kang Chol, has revealed an initial output target for 90,000 barrels per day from the blocks. With almost 90% of the country's resources untapped, the national oil & gas company, Nile Petroleum Corporation is highly focused on drawing investments to boost the region's domestic as well as export market.
Export activities
Export activities from South Sudan to Port Sudan on the Red Sea, which was under blockage for almost a year, will also resume following the announcement.
In May last year, Wildcat Petroleum signed a memorandum of understanding with the Ministry of Petroleum to advance the development and commercial exploitation of the hydrocarbon assets in selected fields.
PNGF Sud offshore Congo has generated the largest ever single lifting for PetroNor E&P ASA with an additional 881,192 barrels of oil, priced at US$72.817 per barrel
The aggregated 2024 lifted and sold volumes are 1,795,460 bbls at an average realised price of US$77.85 per barrel.
Increased production efficiency
A bounce back since its last update, the company saw a 92% improvement in production efficiency in Q4 2024 following relatively low infrastructure challenges and a successful workover campaign. While workover requirements have gone down, PetroNor has plans for additional infill drilling activities to boost production.
With mega projects such as Moho Nord and the Gas Master Plan, Congo's hydrocarbons industry continues to thrive.
The Mukuyu Discovery onshore Zimbabwe will see further action as Invictus Energy Limited's 80%-owned subsidiary, Geo Associates, has received a license extension for an additional three years
The SG 4571 Licence that contains the Cabora Bassa Basin was approved by the Minister of Mines and Mining Development for extension till 19 December 2027. During the third year of this period, the company has plans to undertake a comprehensive work programme that includes 3D seismic acquisition and additional exploration/appraisal drilling and testing. This follows the last extension period granted till June 2027.
The company can apply for a production special grant licence at any stage.
Mukuyu has revealed high quality natural gas presence folowing compositional analysis of downhole fluid.
Pancontinental Energy NL has delivered the Seismic License for PEL 87 offshore Namibia to Woodside Energy following relevant approval from the Namibian authority
The Seismic License provides Woodside ongoing rights to the PEL 87 3D seismic data, the acquisition and processing of which was funded by it. While Pancontinental Orange Pty Ltd holds 75% operatorship in the PEL 87 Joint Venture, there is an exclusive scope for Woodside to derive over a 56% participating interest from Pancontinental’s shares.
Pancontinental, on the other hand, has an option over a 1% participating interest to be derived from the 15% share exercised by Custos Investments (Pty) Ltd.
The Seismic License delivery marks the origin of the 180 days-long Long Stop Date which is 18 May 2025, when Woodside Energy may exercise its option to farmin to PEL 87.
Orange Basin
Besides Pancontinental and Custos, the National Petroleum Corporation of Namibia (NAMCOR) owns a 10% interest in the PEL 87 Joint Venture.
PEL 87 belongs in the Orange Basin which keeps giving, with latest light oil discovery reported in March from Mopane in PEL 83.
GlobalData has released its strategic intelligence report, titled, 'Virtual Reality in Oil and Gas' that looks into areas of application of virtual reality in the industry, from rigs and pipelines to refineries
Oil and gas companies are now investing on training modules for the workforce and visualising the asset under consideration for planning and decision making.
Ravindra Puranik, Oil and Gas Analyst at GlobalData, said, "VR enhances the operational safety through immersive training programmes. It can help develop safety procedures at production facilities to address smaller accidents as well as for emergency response."
Companies such as Shell, bp, Chevron, and ExxonMobil, are using VR as a cost-effective option to train as well as aid regular workflows in operations. These sessions usually comprises virtual walk-throughs, away from heavy industrial equipment.
Puranik said, “Industry technicians work in hazardous environments, such as offshore rigs or at a densely packed equipment maze in a refinery. VR can be used to relay important information and instructions to the technician onsite, without the need to fly out experts to that location or carrying detailed instruction manuals for referencing.”
VR plays a key role in the digital twin set up, helping companies recreate scenarios through detailed simulations. During planning and development, the collaborating teams can share information using VR to simulate various scenarios. It is useful in optimizing equipment performance and maximizing the asset life. Digital twins help to design workflows and identify bottlenecks to optimize a plant’s performance. Twins also help to create a 3D visualization of the seismic data using VR simulations.
Puranik concludes: “Various aspects of a production platform can be modeled through VR simulations to enhance the understanding of personnel for on-field tasks. They can simulate the processes using VR before implementing on the operational floor. It thus reduces the scope for human errors during critical operations. Besides, designers and engineers can better visualize the layout under development using VR technology. This can potentially help to improve designs, and carefully plan its execution to optimize the project costs.”
The Sanha Lean Gas Connection (SLGC) project has achieved first gas that is being directed to the Angola LNG Plant (ALNG) via Congo River Crossing Pipeline (CRX)
A project by Chevron-subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and Block 0 partners, around 300 mn st cu/ft of gas is currently being mobilised from the SLGC development before it starts delivering an additional 80 mn st cu/ft. The CRX pipeline will be operating in its full capacity by the time further 220 mn st cu/ft is injected via booster compression module.
To pull off this mega gas supply project from CABGOC base to ALNG, the SLGC facility in Benguela was given a new platform for integration with the existing Sanha facilities and the CRX Pipeline.
"First gas from the Sanha Lean Gas Connection shows CABGOC’s success in maximising value from existing resources in Block 0 while growing capabilities in Angola," said Billy Lacobie, managing director of Chevron's southern Africa Strategic Business Unit. “The Sanha Lean Gas Connection project will help supply gas from Block 0's Sanha field to Soyo power plants and Angola Liquefied Natural Gas (ALNG), serving as a gas hub for CABGOC operations. As a long-term partner, Chevron builds upon a legacy of 70 years of operational excellence in Angola and remains dedicated to continuing to provide reliable, affordable, and lower carbon energy to benefit the people of Angola.”
The Sanha project delivery has largely been in schedule, since Lacobie had explained the company's gas boosting strategies in the region.gas boosting strategies in the region.
The Block 0 concession that lies by the Cabinda coast is operated by CABGOC which has a 39.2% interest. It also enjoys a 31% operated interest in a production-sharing contracts in deepwater Blocks 14, located West of Block 0. CABGOC also holds the largest equity shares at 36.4% in the ALNG project in Soyo, and 31% shares in the Azule Energy-operated New Gas Consortium.
Gas remains an integral part of Angola's asset diversification strategies.
The Nigerian National Petroleum Company (NNPC) Ltd has restreamed the Port Harcourt Refining Company (PHRC), commencing crude oil processing from the plant for the delivery of petroleum products into the market
The NNPC group chief executive officer, Mele Kyari, announced the development, expressing his gratitude to all stakeholders involved, and marked the occasion as an era of energy independence and economic growth for the country.
Products delivered included premium motor spirit (PMS), automotive gas oil (AGO) and household kerosene (HHK), among others.
The PHRC rehabilitation project, is an engineering, procurement, construction, installation and commissioning (EPCIC) project that is aimed at restoring the refinery to full functionality and renewal.
With an aim to leverage a US$10 trillion economic potential, Abu Dhabi Sustainability Week (ADSW) 2025 will bring together 13 heads of state and more than 140 ministers, under the patronage of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE
With this year's theme being 'The Nexus of Next. Supercharging Sustainable Progress', the role of advanced technologies such as Artificial Intelligence will drive conversations at the ADSW Summit to be held from 14-15 January.
Heads of state participating in the ADSW Summit include Ilham Aliyev, President of Azerbaijan; Kassym-Jomart Tokayev, President of Kazakhstan; William Ruto, President of Kenya; Bola Tinubu, President of Nigeria; Paul Kagame, President of Rwanda; Wavel Ramkalawan, President of Seychelles; Yoweri Museveni, President of Uganda; Shavkat Mirziyoyev, President of Uzbekistan; Edi Rama, Prime Minister of Albania; Petteri Orpo Prime Minister of Finland; Giorgia Meloni, Prime Minister of Italy, and Anwar Ibrahim, Prime Minister of Malaysia.
"Under the theme, ‘The Nexus of Next: Supercharging Sustainable Progress’, ADSW 2025 invites you to discover the unprecedented socioeconomic opportunities that lie on the horizon and stand at the Nexus of Next. ADSW is not just a platform, but a bold call to action to explore and learn how interconnected systems are driving a new era of supercharged progress, unlocking endless possibilities to help build a better tomorrow for all,” said Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar.
"ADSW Summit 2025 comes at a pivotal moment for accelerating global sustainable development, with technological advances providing unprecedented opportunities for social, environmental and economic progress. The ADSW Summit will serve as a foundational platform to drive the systemic change needed to take advantage of those opportunities, amplifying diverse voices to catalyze change through connection and accelerating the transformation to a more sustainable future. By bringing together leaders in policy, business and technology, ADSW Summit 2025 will unite the global community to deliver interconnected solutions for energy, economies, and the environment," said Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar.