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Information Agency: Offshore Focus   2023-8-10

Dear colleagues,

After the updates of extension for PSC with Eni for its OML 125, Chevron for its OML 128 and OML 132, TotalEnergies for its OML 130 and 138 and ExxonMobil for its OML 133, Nigeria is actively pushing forward of offshore upstream sector, although there is a situation that some of western oil firms are retreating from Nigeria.

Here are 3 offshore projects in Nigeria that in exploration process and with a lot of opportunities:

Bonga North Block: Oil Mining Lease (OML) 118

With latest updates on April, 2023, the project is currently in feasibility stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2023. The operator is Shell with 55 percent shares, and investors are TotalEnergies (13%), Exxon Mobil (20%), Eni (13%).

Preowei

On April 27, 2023, Preowei project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023. Actually, the FID of Preowei was fixed for fourth quarter of 2020, but because of COVID-19 constraints, concerns around new fiscal provisions in Nigeria’s oil sector, and collapse of oil prices at the time, the projects was stalled. The operator is TotalEnergies (24%), and investors are China National Petroleum Corporation (45%), South Atlantic Petroleum (SAPETRO) (15%), Africa Oil Corp (8%), BTG Pactual (8%).

Bonga Southwest / Aparo (BSWA, OMLs 118/ 132/ 140)

The project is going to operation soon. While based on latest information on this February, the tendering process for FPSO will be extent to 2024. It will be the first major deepwater project in Nigeria since Egina. Shell is the operator.

What is Nigeria’s offshore oil & gas development status quo? Any updates of New Mini Bid Round and what are the support for international investment? How about the examination and approval for the offshore projects in FID progress?

Recently, top management of NUPRC and NNPC have confirmed to join the West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) and will deliver the keynote speech.

ØØ Want to know more? Click here to get the Conference Agenda

Part of Confirmed Speakers and Senior Attendees of Government, Regulators, Associations, Contractors at West Africa Offshore Upstream Conference 2023:

Association:

s  H.E. Dr. Omar Farouk Ibrahim, General Secretary, African Petroleum Producers Organisation (APPO)

s  Dr Taher Najah, Director Railwan Lukman Research and Development Centre, African Petroleum Producers Organisation (APPO)

s  …

Nigeria:

s  Dr. Kelechi O. Ofoegbu, Executive Commissioner, Economic Regulation & Strategic Planning, Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

s  Babajide Fasina, Assistant Director, Operations, Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

s  Abdulmalik Halilu, General Manager, Research & Statistics, Nigerian Content Development & Monitoring Board (NCDMB)

s  …

Angola:

s  Sebastião Pai Querido Gaspar Martins, President and CEO, Chairman of the Board of Directors, Sonangol E.P.

Cameroon:

s  His Excellency Mr. FUH Calistus Gentry, Minister of Mines, Industry and Technological Development (MINMIDT) , Cameroon

s  Steve Djoumessi, Head of Department at the Directorate of General Affairs, Ministry of Mines, Industries and Technological Development (MINMIDT), Cameroon

s  ESSOMBA Jean Marcel, Technical Advisor No. 1, MINMIDT, Cameroon

s  KOULAGNA Théodore, Technical Adviser No. 2, MINMIDT, Cameroon

s  NDOUGSA MBARGA Théophile, Director of Geology, MINMIDT, Cameroon

s  MINDJOS MOMENY Martin Paul, Director of Industry, MINMIDT, Cameroon

s  MONO NDJANA, née NGO TONJE Jacqueline Nicole, Inspector General, MINMIDT, Cameroon

s  ATEBA Polycarpe, Head of the National Mining Brigade, MINMIDT, Cameroon

s  MOUNDI Amidou, Head of the Studies, Projects and Cooperation Division, MINMIDT, Cameroon

s  NNOKO, née KOUBITOBO BATISSECK Maguy Angèle, Head of the Technological Development and Industrial Property Directorate, MINMIDT, Cameroon

s  …

IOC:

s  Cyprian Ojum, Deputy General Manager, Nigerian Content, TotalEnergies

>> Last 5 Seats with USD 400 Summer Holiday Discount

About the West Africa Offshore Upstream Conference 2023 (click here for official website)：

In the post-pandemic era, the rising oil prices, the discoveries of significant offshore oil and gas fields of West Africa region, and aims of accelerating monetization of regional hydrocarbon by 2050 have driven demand for active offshore upstream exploration in West Africa. Recently, Nigeria and Sierra Leone held new round of offshore bidding separately, Ghana is planning for new deep offshore bidding now. During 2019 to 2022, the West African countries such as Angola, Côte d’Ivoire, Senegal, Equatorial Guinea, Congo, Liberia, Gambia, either launched bidding round or opened for direct negotiation for untapped blocks. Meanwhile, projects in several West African countries are heading for FID in 2023. What is status of different projects in West Africa countries? What challenges and concerns of the government, NOCs and IOCs and how could involve in the projects? The West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) is committed to gathering the most related players for the hottest topics and projects, and to building a comprehensive platform for information sharing, highly-level communication, and best practices showcasing.

 To Be Speaker     To Be Sponsor      To Be Exhibitor

If you are interested, you can email me (lillianl@ltsinnovate.com) or register your interest.

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