The UAE and Africa: Closer Ties? the Impact of Brexit and the African Union Passport Senegal’S Bright Hydrocarbons Future
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ORA42016-Cover_Layout111/08/201615:30Page1 Europe €10, Ghana CD18000, Kenya Ksh200, Nigeria N1200, South Africa R25, UK £7, USA $12 WWW.OILREVIEWAFRICA.COM OIL REVIEW AFRICA - VOLUME - ISSUE 11 4 2016 VOLUME 11 | ISSUE 4 2016 The UAE and Africa: Closer ties? www.oilreviewafrica.com The impact of Brexit and the African Union passport Senegal’s bright hydrocarbons future Saving money through maintenance Dougie Youngson of finnCap talks about Local content focus in Nigeria opportunities in Tanzania (p50) S01ORA42016Contents,Calendar_ORAMasterTemplate-2016New11/08/201616:28Page2 S01ORA42016Contents,Calendar_ORAMasterTemplate-2016New11/08/201617:27Page3 Europe €10, Ghana CD18000, Kenya Ksh200, Nigeria N1200, South Africa R25, UK £7, USA $12 WWW.OILREVIEWAFRICA.COM O ISSUE 4 2016 • WWW.OILREVIEWAFRICA.COM 3 VOLUME 11 | ISSUE 4 2016 EDITOR’S NOTE The United Arab Emirates has a long history of trade with Africa and, along with many of its neighbours in the Arabian Gulf, its leaders are keen to diversify the economy. Could investment opportunities in the African oil and gas industry prove to be mutually beneficial? Turn to our cover story on page 23 to find out more about the opportunities that may lie ahead. The UAE and Africa: Senegal and Egypt are in the spotlight in this issue. Senegal stands to experience massive Closer ties? economic transformation thanks to massive hydrocarbon discoveries (page 16). Egypt, The impact of Brexit and the African Union passport meanwhile, is looking to move closer to gas self-sufficiency with BP and Eni joining forces to Senegal’s bright hydrocarbons future Saving money through maintenance Dougie Youngson of finnCap talks about exploit a significant offshore discovery (page 20). Local content focus in Nigeria opportunities in Tanzania (p50) There is also a focus on cost-effective operations with features on how to plan for efficient shutdown turnarounds (page 28), the importance of regular maintenance to save money in the UAE interest in African oil and gas investment long term (page 32) and gas leak detection (page 36). is analysed on page 23. Georgia Lewis Managing Editor CONTENTS NEWS AND EVENTS Egypt Managing Editor: Georgia Lewis 20 BP and Eni’s latest major project. [email protected] Calendar of oil and gas events Editorial and Design team: Bob Adams, Prashanth AP, Hiriyti 4 Events from around the world. Nigeria Bairu, Sejal Bhat, Miriam Brtkova, Andrew Croft, Ranganath GS, Rhonita Patnaik, Zsa Tebbit, Nicky Valsamakis, Louise Waters and 35 Marine Platforms’ local content focus. Ben Watts Africa-wide news Publisher: Nick Fordham 6 News from the oil and gas markets. Advertising Sales Director: Pallavi Pandey TECHNOLOGY AND EFFICIENCY Magazine Sales Manager: Chidinma Anah IEA market report Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076 26 Medium-term forecasts for Africa. Planning for shutdown E-mail: [email protected] 28 turnarounds International Representatives Event previews Achieving better efficiency. India Tanmay Mishra 43 Special events coming up in Abu Nigeria Bola Olowo Dhabi and Maputo. Maintenance for money-saving UAE Graham Brown 32 Avoiding maintenance is a false USA Michael Tomashefsky Rig count economy. Head Office: 47 A tally of the rigs operating in Africa. Alain Charles Publishing Ltd Gas leak detection University House, 11-13 Lower Grosvenor Place, London SW1W 0EX 36 Safe, efficient detection for operators. United Kingdom Tel: +44 (0) 20 7834 7676 Fax: +44 (0) 20 7973 0076 ANALYSIS Onshore operations Middle East Regional Office: Brexit and the AU passport 39 Fluor shares the many advantages of Alain Charles Middle East FZ-LLC Office 215, Loft 2A, P.O. Box 502207, Dubai Media City, UAE 14 The impact of Brexit and a closer working onshore. Tel: +971 4 448 9260 Fax: +971 4 448 9261 African Union on oil and gas. Production: Priyanka A, Kavya J, Nelly Mendes and Sophia Pinto Network cameras E-mail: [email protected] 40 Improving safety and security. Subscriptions: [email protected] COVER STORY Chairman: Derek Fordham Level and flow wellhead Printed by: Buxton Press UAE investment in African oil 41 instrumentation © Oil Review Africa ISSN: 0-9552126-1-8 23 and gas projects Improving the well production stream. Will UAE money shift towards Africa? INTERVIEW COUNTRY FOCUS Dougie Youngson, finnCap Senegal 50 Talking about Tanzania’s Serving the world of business 16 Promising discoveries for a big future. transformation. S01ORA42016Contents,Calendar_ORAMasterTemplate-2016New11/08/201615:18Page4 4 EVENTS CALENDAR ISSUE 4 2016 • WWW.OILREVIEWAFRICA.COM Executives Calendar 2016 AUGUST 23-26 OTL Africa Downstream Lagos 14-18 EnerCom’s The Oil & Gas Conference 2016 www.otlafrica.com Denver www.theoilandgasconference.com 26-27 Bottom of the Barrel Technology Conference (BBTC) Middle East & Africa SEPTEMBER Manama www.bbtc-mena.biz 4-5 2nd Middle East Health & Safety Forum Dubai 31- 1 Nov 23rd Africa Oil Week www.hse-forum.com Cape Town www.africa-oilweek.com 6-8 NACE Egypt Corrosion Conference Cairo NOVEMBER www.egyptcorrosion.nace.org 7-10 Abu Dhabi International Petroleum Exhibition OCTOBER & Conference (ADIPEC) Abu Dhabi 4-6 SPE African Health, Safety, Security, www.adipec.com Environment and Social Responsibility Conference & Exhibition 8-10 Deepwater Operations Accra Galveston, Texas www.spe.org/events www.deepwateroperations.com 9-13 23rd World Energy Conference 15-17 East Africa Oil & Gas Summit & Exhibition Istanbul Nairobi www.wec2016istanbul.org.tr www.eaogs.com 17-19 The 8th Saudi Arabian Oil & Gas Exhibition DECEMBER Dammam www.saoge.org 5-7 Africa Energy and Technology Conference Nairobi 18-19 The 37th Oil & Money Conference www.spe.org/events London www.oilandmoney.com Readers should verify dates and location with sponsoring organisations, as this information is sometimes subject to change. Nigerian conference to tackle big issues surrounding content THE SIXTH PRACTICAL conference will seek to re- The role of indigenous to discuss how oversubscription Nigerian Content Forum (PNC) energise the drive to ensure these producers in growing reserves of bids to tenders by non- aims to deal with the big standards are upheld throughout and boosting production will also qualifying companies can be questions raised by major players the entire industry. be discussed at the conference. identified and eliminated. in the country’s hydrocarbons The Nigerian Content The contracting process is Looking towards the bigger industry in relation to meeting Development and Monitoring frequently onerous for operators. picture, the conference will also regulated content requirements. Board (NCDMB) will be asked To this end, the NCDMB, as well feature government speakers who Taking place for the first time how it plans to revise the as National Petroleum will address the delegates on how in Abuja from 22-24 November Nigerian Content Development Investment Management Services to strengthen links between the 2016, the event has a number of Fund to better cater for the and IOCs, will explain their plans oil and gas industry and issues on the agenda. Local financing needs of local to reduce long contracting cycles. infrastructure development. content requirements are not operators and service companies Representatives from the always met by operators and the along the value chain. government will be called upon www.cwcpnc.com S02ORA42016NewsA,B_ORAMasterTemplate-2016New11/08/201616:31Page5 S02ORA42016NewsA,B_ORAMasterTemplate-2016New11/08/201611:28Page6 6 NEWS ISSUE 4 2016 • WWW.OILREVIEWAFRICA.COM Economic diversification urged to achieve Drilling to stability for Africa’s big oil nations recommence AFRICA’S LARGER, OILK in South DRIVEN, commodity-exporting countries have sharply felt the Lokichar effects of currency and liquidity crises. Speakers at the Africa DRILLING WILL Property Investment Summit, RECOMMENCE in Kenya’s held in Johannesburg in July, told South Lokichar oil basin in the delegates that in these countries, fourth quarter of 2016. Blocks there has been a shift towards 10BB and 13T, operated by economic diversification and that Tullow Oil, Maersk Oil and the East African region is Africa Oil in a joint venture, providing more stability than already have four wells and there other parts of the continent. Image Credit: Africa Property Investment Summit is potential to expand this by a Foreign direct investment The Africa Property Investment Summit focused on economic diversification. further four wells. (FDI), particularly in oil and gas The first two wells will be in projects, will remain essential for Africa, achieving a total of 26.3 cent. However, Nigeria in the Etete and Erut prospects in ongoing economic growth and per cent of total project. The particular has been affected the northern part of the basin. stability across Africa. souther part of the continent heavily by the oil price decline. Other potential prospects include These views were also remains the largest FDI region, While oil and gas remain further appraisal of the Ngamia reflected in EY’s 2016 Africa although 2015 projects were important, in 2015, consumer and Amosing fields. The plan by attractiveness programme down 11.6 per cent from 2014 products, retail, financial the joint venture is to target un- entitled “Staying the Course”. In levels. In West Africa, FDI was services, technology, media and drilled flanks with the aim of 2015, East Africa recorded its up by 16.2 per cent and in North telecommunications accounted extending these discoveries. highest share