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ACROSS AFRICA The National Oil, Gas and Biofuels A gency (A NPG) signed last Monday a contract with ExxonMobil, Operator of Block 15 in Angola, which establishes the amendment to the current Production Sharing Contract for Block 15. As part of the agreement, the respective production license will be extended until 2032 and Sonangol is integrated into the Contractor Group of that Block, obtaining a 10% stake. From now on, ExxonMobil’s participative interest will be 36%, 24% from BP Exploration, 18% from ENI Angola Exploration and 12% from Equinor Angola.
Angola’s ANPG, ExxonMobil agree extension of Block 15 license
The project foresees a production of approximately 40.000 barrels of oil / day and will generate about 1000 local jobs during the implementation phase. This agreement is the culmination of the commitment signed in 2019.
T he sig ning follows the Commitment Agreement signed on June 5, 2019, allowing ExxonMobil to carry out a multi-year drilling program in the block and install new technology in order to increase the capacity of the existing subsea flow lines. “By means of this agreement, ExxonMobil and its partners will contribute to the increase in the investments needed to increase production in the short term and generate more jobs at the local level”, said the ANPG’s CEO, Paulino Jerónimo. “This collaboration with ANPG will allow Block 15 to optimize recovery and add oil production from mature fields”, said the director general of ExxonMobil in Angola, Andre Kostelnik. Source: ANGOP
Algeria renews LNG supply agreement with Turkey
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lgeria and Turkey signed an agreement recently in Algiers to renew the contract for the supply of liquefied natural gas (LNG) for the next five years, according to the country’s Minister of Energy, Mohamed Arkab “We have signed a contract renewal allowing Algeria to supply Turkey with liquefied natural gas (LNG) until 2024,” said the minister on the sidelines of the Algerian-Turkish Business Forum, held on Sunday, January 26 in Algiers. The minister welcomed this agreement “to strengthen relations between the two countries in the energy field,” recalling
that Algeria already held 38% of the Turkish market for liquefied petroleum gas (LPG). In addition, the Minister announced that the construction of the petrochemical complex for the production of propylene and polypropylene (PDHPP), which will be carried out in the city of Adana in Turkey, will be started during the first half of 2020. Recalling that the contracts for this partnership had been concluded last September, Mr. Arkab stressed that the reception of the project and the entry into production of the complex are scheduled 24 months after the start of construction work. The project, whose investment is estimated
at $1.4 billion, is 66% owned by the Turkish company Renaissance and 34% by the national company Sonatrach, said the minister. Arkab estimated that this partnership will also allow a transfer of technology in Algeria which intends to build a petrochemical complex for the production of propylene and polypropylene in Arzew. (APS) Source: Petroleum Africa
Majorwaves Energy Report FEBRUARY 2020, Vol 3 No 2 21
