March Abuja, Nigeria https://nigeriaenergysummit.com/

Upcoming offshore growth projects are a testament to Nigeria’s deepwater potential. (Image credit: Adobe Stock)

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 Sales Manager: Richard Rozelaar E-mail: richard.rozelaar@alaincharles.com Publication Manager: Edward Somgal

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EDITOR’S NOTE

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

NEWS AND EVENTS

4Calendar of events Essential diary dates plus a preview of the sixth Oil & Gas Africa Conference 2022.

6African hydrocarbons news In this issue, there is a special focus on Equatorial Guinea, Namibia and Morocco.

30 Rig count An industry indicator.

SPECIAL REPORTS

9Nigeria 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. 26 Interview with Percepto CEO Dor Abuhasira speaks with Oil Review Africa about optimising refinery operations.

27 ADIPEC update A round-up of major points of discussions from the industry’s leading oil and gas event.

TECHNOLOGY AND OPERATIONS

12 Oil spill How to manage the damage?

16 FPSO Floating energy systems

20 Online reservoir Digital oilfields