Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers. (Image source: African Energy Chamber)

Halliburton is inviting local companies to submit an expression of interest (EOI) for the supply of goods and services across the oil and gas industry, and African service providers are not missing the opportunity

The EOI has several categories supporting oil and gas operations, such as machine repair and operation tools; oil, lubricants and tyers; lifting materials and accessories; welding and fabrication; calibration, certification and fuel, to mention a few. 

Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers. 

Besides advancing local interests and capabilities, the initiative strengthens supplier diversity as well, contributing to economic growth and market expansion.

Strong presence in Africa

Halliburton has a strong presence in Africa.

In Namibia, Halliburton won a deepwater multi-well construction contract in 2024 for Block 2914AHalliburton won a deepwater multi-well construction contract in 2024 for Block 2914A, which entails the construction of exploration and appraisal wells from Q4, 2024.

In March 2023, Halliburton won a US$1.4bn contract with Honeywell to develop oilfields and refinery for the Libyan National Oil Corporation.

Halliburton secured nine contracts by Woodside Energy for offshore oil and gas activities in Senegal, where the Sangomar Oilfield Development is all set to start production in the coming weeks.

In Nigeria, Halliburton won a US$300mn deal with Shell Petroleum Development Company of Nigeria for a large-scale offshore gas project.

“While various countries have already implemented local content policies that support local participation in oil and gas developments, many nascent producers have yet to establish the relevant local content regulation. Yet, companies such as Halliburton are proving that international service providers, project developers and investors can do a lot without a local content law. Halliburton is not only giving opportunities to local companies but is laying the foundation for a vibrant oil and gas landscape in Africa,” said NJ Ayuk, executive chairman of the African Energy Chamber.

Located approximately 100 km off the coast of Angola, the Kaminho project involves the development of the Cameia and Golfinho oil fields. (Image source: Adobe Stock)

Development of the Kaminho project in Angola is off to a good start with Saipem bagging three contracts from TotalEnergies-subsidiary, TotalEnergies EP Angola Block 20

Located approximately 100 km off the coast of Angola, the Kaminho project involves the development of the Cameia and Golfinho oil fields. 

An integrated business model that offers offshore and plant project management and engineering services, combined with a state-of-the-art fleet and local fabrication capacity, makes Saipem well-equiped to deliver the US$3.7bn contracts with diverse scopes of work.

SURF, FPSO and O&M contracts

The first contract is for engineering, procurement, construction, transportation and commissioning services of the Kaminho floating production storage and offloading (FPSO) vessel.

The second contract outlines the operation and maintenance (O&M) of the Kaminho FPSO vessel for a firm period of 12 years with a potential eight-year extension. These services will draw on the expertise acquired from three other FPSOs that are currently deployed in Angola.

The third contract involves the engineering, procurement, construction, installation, pre-commissioning and assistance for the commissioning and start-up of a subsea, umbilicals, risers and flowlines (SURF) package, which is made up of approximately 30 km of 8” and 10" subsea flowlines and risers, and umbilicals.

The associated structures will be fabricated in Saipem’s local yard in Ambriz.

For the offshore campaign, and specifically for the J-lay vessel, Saipem will deploy its FDS majorly through local supply chain for logistics and fabrication activities. 

The project adds to the 'resurgence of activity offshore Angola', as Chris Dyer of Oceaneering put it, while commenting on another TotalEnergies EP Angola initiative, the GIR FLEX'resurgence of activity offshore Angola', as Chris Dyer of Oceaneering put it, while commenting on another TotalEnergies EP Angola initiative, the GIR FLEX.   

Gross productions reached 93 kbopd from Jubilee and 19 kbopd from TEN. (Image source: Adobe Stock)

With high production efficiency from the Jubilee and Ten fields, Tullow Oil reported a stable first quarter in 2024 

Gross productions from Jubilee reached 93 kbopd (36 kbopd net) while surpassing expectations, TEN yielded 19 kbopd (10 kbopd net). The interim gas sales agreement that is currently in place for Jubilee associated gas has been extended for 18 months at US$2.95/mmbtu with applicable indexation.

More than three new Jubilee wells were brought onstream, and a water injector well will be online in the second quarter. If all goes well, Tullow can wrap up the ongoing drilling programme six months before schedule. 

With a full year free cash flow guidance at US$200-300mn, the company is on track to deliver US$600mn free cash flow over 2024 to 2025 at US$80 per barrel and sustainable free cash flow generation thereafter.

It can also bring down net debt to less than US$1.4bn and cash gearing of net debt to EBITDAX at US$80 per barrel by 2024 end.

Group working interest production guidance remains 62-68 kboepd, with the full-year outcome expected to be towards the lower end of the range.

Production from non-operated portfolio in Gabon and Côte d’Ivoire was in line with expectations at 13 kboepd net in the first quarter.

Tullow Oil will publish its 2024 Half Year Results on 7 August. 

Capitalising on high oil price

Rahul Dhir, CEO, Tullow, said, “I would first like to thank our investors, host nations and host communities for their support ... I look forward to reflecting on the substantial progress Tullow has made and the strong outlook for the future as we continue our trajectory to build a unique pan-African platform for growth.

"Since the start of the year, we have seen good delivery of our operational programme. We are on track to deliver our free cash flow expectations of US$600mn over 2024 to 2025 at US$80/bbl and we are well placed to capitalise on a higher oil price environment. At the same time, we are positioning ourselves to deliver material sustainable free cash flow in 2026 and beyond.” 

In the company's last annual update, Dhir had highlighted its continued focus on operational excellence, capital efficiency and investments to drive growth.

The latest appointments are in line with company strategy, as the group expands its operational footprint in the African E&P sector. (Image source: Adobe Stock)

Africa-focused oil & gas production, development and exploration group, Tende Energy, has undergone a management reshuffle with the appointment of Mark Henderson as the chief executive officer of Tende Energy North Africa 

Henderson has been associated with Tende Energy since 18 December 2017, when he was working as a chief financial officer in the company. 

He will be stepping down from the board to focus on the company’s North African operations, where he has been leading a Tunisian team to build its onshore activities. Over the last six months, he and his team are also working to tap into the potential of offshore operations in the region. Tende Energy has set an example in the Tunisian upstream by introducing an exclusively Tunisian crew and support team. 

Besides concentrating on the assets in Tunisia that were acquired last year, Henderson will continue to work on the Anglo Tunisian Oil and Gas business as well. 

His previous position as the chief financial officer will be taken over by John McMurtrie, who brings in more than 20 years of experience in the E&P sector.

Previously, as a CFO with the UK-based Cornerstone Resources Group, McMurtrie worked on the execution of the Petrogas farm-in to the Abbey development and Baker exploration prospects in the Southern North Sea.

Advancing asset transactions in Angola

Jack Pryde, chairman, Tende Energy, said, “The latest appointments are in line with our strategy, as the group expands its operational footprint in the African E&P sector. Mark and his team will continue to achieve further critical mass with the group’s onshore and offshore assets in Tunisia, building on the achievements since taking control in Summer 2023. John brings additional sector experience to our management team, having worked at senior financial management level in the listed E&P sector for the last decade. He is experienced in asset and company farm-in/out transactions. This will come to the fore as we get closer to completing our asset transactions in Angola and move onto the listing of the company’s shares on the London stock market.”