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ISSUE 6 2021 • WWW.OILREVIEWAFRICA.COM
EDITOR’S NOTE
Upcoming offshore growth projects are a testament to Nigeria’s deepwater potential. (Image credit: Adobe Stock)
WORLD OIL MARKETS have rebounded from the massive demand shock triggered by Covid19 but still face a high degree of uncertainty. Plus, the recent emergence of Omicron variant is testing the industry like never before. What is evident now is that although Omicron may not be as harmful to the global market as initially feared, some transitory implications are inevitable to oil demand, and a consequent effect on prices will be inevitable. It’d be interesting to see the how the sector progresses in the coming days. In the meantime, it has been a significant 2021 for Nigerian market. The country is finally aspiring to realise strength in energy sector and focusing on its proven gas reserves, with the Department of Petroleum Resources setting new gas reserve targets of 210 tcf and 220 tcf by 2025 and 2030. For more on this exciting region, turn to our cover story on page 9. As 2021 draws to a close, I wish the readers and partners of Oil Review Africa a peaceful holiday season – I look forward to working with you in 2022. Thank you for your support. Deblina Roy Editor, Oil Review Africa
CONTENTS
Editor: Deblina Roy deblina.roy@alaincharles.com
Editorial and Design team: Mariam Ahmad, Prashanth AP Fyna Ashwath, Miriam Brtkova, Praveen CP, Robert Daniels Matthew Hayhoe, Manojkumar K, Lucia Mathurin, Unique Pattnaik, Tulana Nayak, Prince Kariappa, Rahul Puthenveedu and Louise Waters
Publisher: Nick Fordham
NEWS AND EVENTS
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Sales Manager: Richard Rozelaar E-mail: richard.rozelaar@alaincharles.com
Calendar of events Essential diary dates plus a preview of the sixth Oil & Gas Africa Conference 2022.
Publication Manager: Edward Somgal Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076 E-mail: edward.somgal@alaincharles.com
International Representatives India Nigeria UAE USA
Tanmay Mishra Bola Olowo Murshid Mustafa Michael Tomashefsky
Head Office: Alain Charles Publishing Ltd University House, 11-13 Lower Grosvenor Place, London SW1W 0EX, United Kingdom Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076
Middle East Regional Office: Alain Charles Middle East FZ-LLC Office L2-112, Loft Office 2, Entrance B P.O. Box 502207, Dubai Media City, UAE Tel: +971 4 448 9260 Fax: +971 4 448 9261
Production: Srinidhi Chikkars, Dinesh Dhayalan and Eugenia Nelly Mendes E-mail: production@alaincharles.com
Subscriptions: circulation@alaincharles.com Chairman: Derek Fordham Printed by: Buxton Press © Oil Review Africa
ISSN: 0-9552126-1-8
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African hydrocarbons news In this issue, there is a special focus on Equatorial Guinea, Namibia and Morocco.
Rig count An industry indicator.
Interview with Percepto CEO Dor Abuhasira speaks with Oil Review Africa about optimising refinery operations.
ADIPEC update A round-up of major points of discussions from the industry’s leading oil and gas event.
TECHNOLOGY AND OPERATIONS
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Oil spill How to manage the damage?
SPECIAL REPORTS
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Nigeria The passing of the long-delayed Petroleum Industry Bill (20 years in the making), will strengthen state institutions, solidify regulatory/fiscal frameworks and attract much-needed foreign capital into the oil-gas sector, a mainstay of the economy.
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FPSO Floating energy systems
Online reservoir Digital oilfields
ANALYSIS Serving the world of business
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How Angola is tackling financing challenges?
