In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
As the security forces took control of the country, they ordered borders and ports to shutter. This triggered a drop off in oil loadings, according to OilX’s Florian Thaler.
“We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”
There has been some impact from the war, though, with the supply chain of trucks bringing equipment back to the oil wells having slowed.
In the meantime, Sasol warned of “continued pricing and demand volatility” to come.
Lesufi said there had been a “high smell of gas” in the area before. “Egoli Gas remains the centre of our focus because all of us agree that the cause of this explosion or impact is gas,” he said.
The two regulators must “immediately comply”, it said, and “ensure that no duplication of regulatory responsibilities occurs across any activity”.
A statement from Chad’s hydrocarbons ministry said the event symbolised the “deep friendship” between the two countries.
The ministry had expected a final investment decision (FID) on the $4.5 billion Hoima facility by the end of June. The aim was for the facility to be ready for first oil from the Lake Albert fields in late 2025.
The company then self reported to the French authorities. The PNF investigation focused on the two West African states and then expanded into work in Angola.
“Many financial institutions have refused to underwrite this project and if TotalEnergies backs off, the government of Uganda would have a hard time funding this project, so we can win."
“It has not been as easy as it used to be. We need to reach out to other countries like Kenya,” he said.
“There are notorious navy commanders known to be kingpins in this business.”
R3 should provide around 5,000 barrels per day of production for Savannah, with plateau running for eight years.
Chad should transfer a 20% stake in COTCO to SNH, the chairman said. This would reduce Chad’s share from 53% to 33.77%, while Cameroon would have 35.17%. Cameroon President Paul Biya backed such a redistribution, he said.
Chad has said it is holding talks with Cameroon on increasing stakes in COTCO and how to share management.
The NGO called on EACOP’s other two financial advisors, Standard Bank and the International Commercial Bank of China (ICBC), to drop the project.
A group of nonprofits is pushing Barclays Plc to retract an analyst research note they claim amounts to a “whitewash” of the environmental and social impact of an African oil pipeline being developed by companies including TotalEnergies SE.
Signing the MoU in early April, Gabon said Perenco was investing around $40 million in infrastructure. Gabon Power will put in around $84mn.
NOC said it had made “all necessary arrangements” to make up for the loss of gas during the downtime.
A letter, signed by the Chadian president’s secretary general, Gali Ngothe Gatta, said a number of “Cameroonian personalities” had flocked to Savannah. The company and its backers were interfering with Chadian officials, he said.
SNH and Savannah Midstream also pledged to support each other as shareholders in COTCo.
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
The country attributed increased production to “local Chadian managers who were no longer restrained by ExxonMobil’s pre-exit policies”.
The Niger-Benin export pipeline will serve to unlock developments in Niger. The line is 75% complete, Savannah reported, and should be fully operational in the fourth quarter of this year.