Catobi 17 Dr Okey Ukaegbu, Managing Director Bright Times Ahead 30 Enermech Is Upbeat About Nigeria

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Catobi 17 Dr Okey Ukaegbu, Managing Director Bright Times Ahead 30 Enermech Is Upbeat About Nigeria ORA 1 2018 - Cover_Layout 1 19/02/2018 15:36 Page 1 Europe €10, Ghana CD18000, Kenya Ksh200, Nigeria N330, South Africa R25, UK £7, USA $12 WWW.OILREVIEWAFRICA.COM VOLUME 13 | ISSUE 1 2018 Gas: the future fuel for Africa? Enhanced oil recovery: Global perspectives on the market Foreign investment in Ghana Nigeria: Petroleum Industry Bill update Operations: Safety on rigs, big data, airborne surveys, recruitment Ebiaho Emafo, Managing Director and CEO, Eroton (p34) S01 ORA 1 2018 Start_ORA Master Template - 2016 New 19/02/2018 15:18 Page 2 S01 ORA 1 2018 Start_ORA Master Template - 2016 New 20/02/2018 10:55 Page 3 Europe €10, Ghana CD18000, Kenya Ksh200, Nigeria N330, South Africa R25, UK £7, USA $12 WWW.OILREVIEWAFRICA.COM ISSUE 1 2018 • WWW.OILREVIEWAFRICA.COM 3 VOLUME 13 | ISSUE 1 2018 EDITOR’S NOTE There is an inexorable shift in the African hydrocarbons landscape away from oil and towards Gas: the future fuel gas. While oil will still play an important role in the continent’s energy mix for many years to for Africa? come, gas is a cleaner-burning fossil fuel and widely viewed as an effective and efficient bridging Enhanced oil recovery: Global perspectives on the market fuel as the world moves towards increased use of renewables. On page 12, economist Moin Foreign investment in Ghana Nigeria: Petroleum Industry Bill update Siddiqi analyses the prospects for gas across differrent parts of Africa. Operations: Safety on rigs, big data, airborne surveys, recruitment In this issue, we also provide updates on Nigeria and Ghana. While Nigeria’s lawmakers are seeking to get the Petroleum Industry Bill over its final hurdles, Ghana is working to make itself Ebiaho Emafo, Managing Director and CEO, Eroton (p34) more attractive to foreign investors. We will watch the developments in these two West African countries with much interest. Operators are always seeking new ways to work more efficiently so we have a special feature We seek to answer Africa’s big gas questions on on leveraging big data in the oil and gas industry, as well as reports on preventing slips and falls page 12. (Image: Adobe Stock/Frog974) on rigs, airborne surveys and the future of the enhanced oil recovery market. Georgia Lewis Managing Editor CONTENTS Managing Editor: Georgia Lewis [email protected] NEWS AND EVENTS TECHNOLOGY AND OPERATIONS Editorial and Design team: Prashanth AP, Hiriyti Bairu, Miriam Brtkova, Ranganath GS, Rhonita Patnaik, Samantha Payne, Rahul Puthenveedu, Deblina Roy, Nicky Valsamakis, Louise Waters Calendar of oil and gas events Recruitment Publisher: Nick Fordham 4 Important diary dates for the 21 The five main factors that will affect months ahead. the African oil and gas job market. Sales Director: Michael Ferridge Magazine Sales Manager: Chidinma Anah African hydrocarbons news Big data Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076 E-mail: [email protected] 6 Updates on the oil and gas industry 22 How data can optimise operations. from across the continent. International Representatives Safety systems India Tanmay Mishra Nigeria Bola Olowo Rig count 23 Preventing slips and falls on rigs. UAE Graham Brown 32 Monitoring the industry across a range USA Michael Tomashefsky of African countries. Dow Head Office: 24 Enhanced desalination. Alain Charles Publishing Ltd COVER STORY University House, 11-13 Lower Grosvenor Place, Airborne surveys London SW1W 0EX, United Kingdom Emerging markets for the 26 Unlocking Africa’s final frontiers. Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076 12 African gas industry Middle East Regional Office: Economist Moin Siddiqi on the Enhanced oil recovery Alain Charles Middle East FZ-LLC challenges and opportunities. 28 Prospects for the global market. 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 Mergers and acquisitions Production: Srinidhi Chikkars, Nelly Mendes and Rakshith Shivakumar COUNTRY FOCUS 29 Will 2018 be a year of deal-making? E-mail: [email protected] Subscriptions: [email protected] Nigeria Innovations Chairman: Derek Fordham 18 Will 2018 finally be the year of the 32 Technology to improve operations. Printed by: Buxton Press Petroleum Industry Bill? © Oil Review Africa ISSN: 0-9552126-1-8 INTERVIEWS Ghana 20 The drive to attract foreign investment. Catobi 17 Dr Okey Ukaegbu, Managing Director Bright times ahead 30 EnerMech is upbeat about Nigeria. Eroton 34 Ebiaho Emafo, Managing Director and CEO Serving the world of business S01 ORA 1 2018 Start_ORA Master Template - 2016 New 20/02/2018 10:57 Page 4 4 EVENTS CALENDAR ISSUE 1 2018 • WWW.OILREVIEWAFRICA.COM Executives Calendar 2018 FEBRUARY APRIL 26 Feb- Nigeria Oil & Gas Conference & Exhibition 17-19 Mediterranean Offshore Conference (MOC2018) 1 Mar Abuja Alexandria, Egypt www.cwcnog.com www.moc-egypt.com MARCH MAY 7-8 Offshore Well Intervention Workshop, West 23-24 Africa E&P Summit Coast of Africa London Accra www.africaepsummit.com http://interventionwca.offsnetevents.com/ 29-31 Oil & Gas Expo, Power & Energy Africa 2018 14-16 East Africa Oil & Gas Summit & Exhibition Nairobi Nairobi www.expogr.com http://10times.com/the-east-africa-oil-and-gas-summit JUNE 5-6 Ghana Summit Accra www.cwcghana.com Readers should verify dates and location with sponsoring organisations, as this information is sometimes subject to change. Most oil and gas projects over budget: new research NEW RESEARCH HAS found “Time is the biggest cost driver that nine out of 10 oil and gas in the oil and gas industry. It costs projects worldwide exceed their between £250,000 and £500,000 a budgets, leading to higher prices day to drill an oil well, and given for consumers. that it is a 24-hour process, not This is according to a study by functioning can cost a company Dr Evans Akwasi Gyasi, an millions. academic from CU Coventry, part “I chose to focus my study on of the Coventry University Group, sub-Saharan countries where which found that there is a dramatic companies regularly explore for level of overspending by businesses oil and gas, and after four years of in the oil and gas industry. research and analysis, I found that Dr Gyasi said that factors such nine out of 10 projects exceed as poor cost estimation, change of their budgets. scope, lack of proper risk “Trends like these are Image Credit: Coventry University identification and response plan, particularly apparent in oil and delays in the supply chain and gas, but are relatable to several broader economic factors all play other industries so this warning a part in spiralling budgets for oil should be heeded by businesses in and gas operators. These are then all sectors.” reflected in the price consumers Dr Gyasi has incorporated his pay for fuel. research findings into teaching on The research, sponsored by the the Management & Leadership Ghanaian government, took place Dr Evans Akwasi Gyasi found that 90 per cent of oil and gas projects run over budget. degree programme at CU over a four-year period and saw Coventry, where students are consultations with 33 industry in the decade between 2005 and change in the oil and gas industry, taught by industry professionals. experts from across the UK, 2015. but other sectors where cost He added: “Leaders play a Ghana, Angola and Nigeria, each Dr Gyasi is author of the new overrun is a common issue. critical role in cost management. with at least 15 years of experience. book A Bayesian Approach to He said: “There are many Educating future leaders on the Interviews with project Cost Estimation for Offshore examples of poor planning in the importance of cost control managers, engineers and cost Deepwater Drilling. He hopes that industry, where companies throw strategies will help shape the estimators highlighted the trend his findings will not only lead to their budgets overboard. future of a range of industries.” S02 ORA 1 2018 News_ORA Master Template - 2016 New 19/02/2018 15:23 Page 5 S02 ORA 1 2018 News_ORA Master Template - 2016 New 19/02/2018 15:23 Page 6 6 NEWS ISSUE 1 2018 • WWW.OILREVIEWAFRICA.COM Helium gas to become an important driver of industrialisation in Tanzania HELIUM IS SHOWING early promise as a fuel for industrial purposes across Africa (see cover story, page 12) and Tanzania is one of the countries with high hopes for the development of this gas. Helium One is one of the companies leading the way in the East African country with surveying and exploration activities underway in the Rukwa Region. In partnership with the Geology Department of the University of Dar es Salaam (UDSM) and Oxford University, Helium One organised a workshop at USDM to Image Credit: Helium One build local capacity and awareness of the origin, exploration and development of helium in Helium One’s CEO, Thomas Abraham-Janes presents a sponsorship certificate for an Oxford University programme Tanzania. to Karim Mtili, a science graduate from the University of Dar es Salaam. The workshop’s main objectives were to bring together experts, scientists and findings on helium in the context of enhancing geology department, decision makers, stakeholders from local, national and industrialisation in Tanzania and globally. The development partners, policy developers and international communities to share their workshop featured high level scientists from practitioners from government, researchers, expertise, experiences and disseminate research Oxford University, collaborating with UDSM’s private sectors, and the media. S02 ORA 1 2018 News_ORA Master Template - 2016 New 19/02/2018 15:23 Page 7 ISSUE 1 2018 • WWW.OILREVIEWAFRICA.COM NEWS 7 Waste gas-to- Gas-fired electricity plant O&M contract power plant part of Siemens’ plan for Sudan to be built in SIEMENS HAS SIGNED an Ghana Operation and Maintenance (O&M) contract with the GHANA IS SET to embrace Sudanese Thermal Power waste gas as a fuel for power Generating Company (STPGC) plants in a bid to improve energy which covers the running of the security and reduce flaring.
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