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Oil+Gas 116Th Edition June 2017 BRADE Consulting Limited is a project management company focused on delivering projects for clients in Nigeria and the rest of Africa. The company undertakes projects from a single defined technical study up to full field development with its integrated team of Drilling & Completions Engineers, Subsea Engineers, Geoscientists and Petroleum Economists. With over 200 years of combined experience in the oil and gas industry, the company has executed and delivered projects within time and budget, and has capacity to support the technical needs of the Oil & Gas industry in Nigeria and Sub-Saharan Africa. In the last two years, the company in alliance with some of its partners; · provided well delivery services to Marginal Field Producers in Nigeria · delivered OCTG (Casing & Tubings) to NPDC-SEPLAT JV projects in Nigeria · provided project management services to an indigenous operator in the Niger-Delta, Nigeria Currently the company is; · negotiating provision of IPM services for drilling & completion to a major E & P company in Nigeria · NOV's partner for implementing SEABOX-SWIT, a novel subsea water treatment & injection technology in Nigeria / Ghana. Technology approved by NNPC, DPR, NAPIMS; introduced to major IOCs in Nigeria and Ghana Well Construction and Delivery Services Integrated Field Development Subsea and Topside Engineering Heavy Duty Equipment Supply (OCTG, Wellheads and X-mas trees) Engineering, Procurement, Commissioning, Installation and Maintenance (EPCIM) Halliburton Energy Services Limited (Nigeria) Shandong Molong Petroleum Machinery Company National Oil well Varco (NOV) - SEABOX/SWIT Technology Schlumberger Nigeria Limited Stefan & Kevin West Africa Limited Kerogen Logistics Limited BRADE West Africa Limited BRADE Oil & Gas Limited OCTG, Line Pipe and Large-diameter Pipes Marine & Land Transportation EPCI, IPM, Procurement, Asset Integrity Services Subsea Engineering, Top Side Engineering Contacts: Stephen Amartey Close, Nima Residential Ghana P. O. Box 115, Accra +233 202 203 319 [email protected] www.bradeafrica.com BRADE Consulting Limited is a project management company focused on delivering projects for clients in Nigeria and the rest of Africa. The company undertakes projects from a single defined technical study up to full field development with its integrated team of Drilling & Completions Engineers, Subsea Engineers, Geoscientists and Petroleum Economists. With over 200 years of combined experience in the oil and gas industry, the company has executed and delivered projects within time and budget, and has capacity to support the technical needs of the Oil & Gas industry in Nigeria and Sub-Saharan Africa. In the last two years, the company in alliance with some of its partners; · provided well delivery services to Marginal Field Producers in Nigeria · delivered OCTG (Casing & Tubings) to NPDC-SEPLAT JV projects in Nigeria · provided project management services to an indigenous operator in the Niger-Delta, Nigeria Currently the company is; · negotiating provision of IPM services for drilling & completion to a major E & P company in Nigeria · NOV's partner for implementing SEABOX-SWIT, a novel subsea water treatment & injection technology in Nigeria / Ghana. Technology approved by NNPC, DPR, NAPIMS; introduced to major IOCs in Nigeria and Ghana Well Construction and Delivery Services Integrated Field Development Subsea and Topside Engineering Heavy Duty Equipment Supply (OCTG, Wellheads and X-mas trees) Engineering, Procurement, Commissioning, Installation and Maintenance (EPCIM) Halliburton Energy Services Limited (Nigeria) Shandong Molong Petroleum Machinery Company National Oil well Varco (NOV) - SEABOX/SWIT Technology Schlumberger Nigeria Limited Stefan & Kevin West Africa Limited Kerogen Logistics Limited BRADE West Africa Limited BRADE Oil & Gas Limited OCTG, Line Pipe and Large-diameter Pipes Marine & Land Transportation EPCI, IPM, Procurement, Asset Integrity Services Subsea Engineering, Top Side Engineering Contacts: Stephen Amartey Close, Nima Residential Ghana P. O. Box 115, Accra +233 202 203 319 [email protected] www.bradeafrica.com End of the Journey? Vol 18, No 4, June2017 Of the four, however, Hess Corp. appears a little tired. For the first time since 2001, when it arrived Africa by way of taking over Triton Energy, and started running the second report largest oil field in Equatorial Guinea, Hess does not look gung ho about the continent. It Slow Retreat of The Gale quit Algeria in 2016. In the same year, it didn't drill a single well in Equatorial Guinea, its main African cash cow…See full story in Independents in Retreat, on pages 34 and 35. S Publisher: TOYIN AKINOSHO T R he gale is in a slow retreat. When crude oil prices reached an average of $27 in early 2016, Editor-In-Chief: FRED AKANNI the lowest price in 10 years, the gale was still “tearing through wallets of companies, N O Editor: MOSES AKIN AREMU Vol 18, No 4, June 2017 E T Consultant: FIDELIS AKPOM forcing adjustments to plans that were considered sacrosanct a few years ago”, we wrote. I T T Editorial Assistant: AHMED GAFAR In the midst of the storm, the dominant Africa focused Independents from Europe, North D Reporter: SEUN ALABIOWO America and Australia, had kept their eyes on the ball. N E Special Projects: EJIKEME OKEKE AGULU 2016 also turned out to be the year of the turn- around. Now the gale winds are in a slow retreat. O Business Development: PAUL KELECHI E Prices have averaged $51 per barrel in the first five months of 2017. C H REGIONAL REPRESENTATIVES The independents, however, have been through so much in the last three years that they are T West Africa: DELALI OTCHI/Accra, Ghana giving up the African play to the majors. BG has disappeared up into voluminous folds of Shell. www.africaoilgasreport.com South Africa: ROBERT BAKRE/Cape Town, SA Tullow has sold its prime position in East Africa to TOTAL. BP will operate what used to be M North Africa: OYELADE ABASS/Cairo, Egypt Kosmos led acreages in Northwest Africa. O HQ(North): Abuja, KISH ONWUNALI report Cairn is still the lead hunter in that corner of the continent. Africa's first and second Floating R HQ(South): NOAH AJIBISE/Warri F AMY AVIA /Port Harcourt LNGs will be operated by independents. But, in general, are Africa focused Western independents still the continent's wildcatters? Are they still the markers to where the REGIONAL CORRESPONDENTS opportunities lie? SA'AD BASHIR (Dar es Salaam) JOHN ANKROMAH (Accra) Find out in these pages. SULLY MANOPE (Windhoek) The 2017 edition of Independents' Day, this magazine's once-a -year review of activities of MOHAMMED JETUTU (Cairo) foreign independent companies operating in Africa, pays close attention to the results of these FOLUSO OGUNSAN (Lagos) companies' exploration ventures in little known basins on the continent, as well as details of IN THIS ISSUE plans for the near term. Our job is much more than presenting the general picture. It is to ensure DESIGN & EDITORIAL CONSULTANTS FROM THE EDITOR 04 OIL PATCH SUB SAHARA 22 KAZMA CONCEPTS LAGOS that wherever you are on the planet, you get such a grasp of deal flow, operational plans, and COVER STORIES [email protected], 234-805-621-2178 short to mid-term strategies that provide you enough understanding of what's going on around KICKSTARTER 06 OIL PATCH SAHARA 23 Cover Design: OBAYANJU WALESEUN Africa's hydrocarbon resources to make a profitable investment. INDEPENDENTS’ ANALYSIS 10 FARM IN FARM OUT 26 The Africa Oil+Gas Report is the primer of the hydrocarbon industry on the continent. It is the IN THE NEWS 11 INDEPENDENTS’ DAY 34 INTERNATIONAL ADVISORY BOARD market leader in local contextualizing of global developments and policy issues and is the go-to DAY ANNUAL MAKOJI ADUKU Abuja INSIGHT 16 COMPANY UPDATE 36 AUSTIN AVURU Lagos medium for decision makers, whether they be international corporations or local 2017 JAHMAN ANIKULAPO Lagos entrepreneurs, technical enterprises or financing institutions, for useful analyses of Africa's oil PETROLEUM PEOPLE 20 REPORTAGE 38 DEV George Houston and gas industry. Published by the Festac News Press Limited since November 2001, AOGR is a Pages 32 - 35 TAKO KONING Calgary monthly, hardcopy publication delivered to subscribers around the world. Its website remains AKIN ADESOKAN Indiana www.africaoilgasreport.com and the contact email address is [email protected]. COVER PHOTO: Aidan Heavey, Tullow's Founder and Chairman Published by: FESTAC NEWS PRESS LTD. Contact telephone numbers in our West African regional headquarters in Lagos are +2348130733523, +2348036525979, +2348023902519. OFFICE ADDRESS CONFERENCES, MEETINGS, EVENTS -Editor Jun 05-07, 2017 Oil & Gas Tanzania 2017 [email protected] 12A, Animashaun Street, ARTICLE EXCERPT Africa Oil & Power 2017 Dar es Salaam, Tanzania +44 20 8605 0509 Off Bode Thomas Street, Surulere, Lagos. Cape Town, South Africa www.expogr.com EDITORIAL EMAIL: [email protected] africaoilandpower.com/aop-2017/register/ +971 4 3721421 Oct 18-20, 2017 [email protected] WEBSITE: www.africaoilgasreport.com Criminal Networks And So Called Migrants Mozambique Gas Summit +27 76 586 7717 Aug 21-25, 2017 Joaquim Chissano International Conference Centre, Maputo, Gas / LNG Contracts: Structures, Pricing & Negotiation TEL: 234-8036-525-979 ast September, I boarded a rescue boat run by the medical charity Médecins Sans Mozambique June 22-23, 2017 Johannesburg, South Africa DISPATCHER: Kayode Akinyele http://www.mozambique-gas-summit.com/ Frontières.
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