Member Info for bigspike

News buyers would bring new investment and could push the hub forwards

https://www.energyvoice.com/oilandgas/north-sea/267406/cnooc-scott-platform-buyers/

“It also included measures to push companies to develop gas discoveries and a framework for gas tariffs and delivery.
Commercialising gas, particularly for use in local power generation, is a core government priority.”

https://www.energymixreport.com/nigerias-buhari-to-send-long-awaited-pib-to-senate/

Pharis energy a company founded by petroleum engineers looking to develop heavy oil fields in the North Sea with polymer flood technology

https://player.vimeo.com/video/415908422

This article gives a clearer picture, tariff increases only if certain conditions can be met

https://nairametrics.com/2020/08/27/fg-says-no-electricity-tariff-increase-for-poor-vulnerable-nigerians-gives-conditions-for-increase/

https://nairametrics.com/2020/08/26/electricity-tariff-increase-set-for-september-1st-2020/

There hasn’t been a better time for Nigeria than now for this to go through, another 6 months?

https://www.africaoilandpower.com/2020/08/27/nigerias-petroleum-industry-bill-awaiting-green-light/

My apologies 10tcf within time in radius not 20tcf, regardless still huge. It would be interesting to know what radius their using to come up with this. I have no doubts this is accurate though, Nigeria has one the best post codes in the world for hydrocarbon geology and up to now gas has often been ignored. When you consider the Laggan Tormore facility built on Shetland that produces offshore gas from sub sea tie backs 140km away, anything is possible. 10tcf is likely to include offshore resource as well onshore.

https://www.total.uk/home/media/list-news/total-starts-production-laggan-tormore-west-shetland

It’s the first time I can recall in a core finance interview where AK hasn’t mentioned Niger farm out. Does this mean their going it alone? At 80% COS, $26 BE, 1$/bbl finding cost, $6/bbl NPV and a potential 2 billion Bbls of resource why not. The market won’t offer a fair price for Niger right now and there’s no way AK is Going to give it away.

The growth in Nigeria is compelling alone. Siemens are contracted to grow the power generation from 4GW to 25GW in 5 years. First phase to target the low hanging fruit, building the distribution and transmission to grow power generation from 4GW to 7Gw in 1 year. AK fully expects to be fully contracted by the end of the year supplying 15% of fuel gas to Nigeria’s power generation. Under utilised infrastructure offers indigenous oil and gas companies the opportunity use a facility that’s had $1billion already invested. First marginal field round in 20 years, no one considered producing gas for the domestic market during previous exploration. Save believe there’s 20tcf of undeveloped resource within a tie In radius and have full control of a 600scf pipeline. What save have here is 2 quality assets in 2 country’s desperate for economy growth, save is one of few company’s in the industry not hurting right now. Well done AK for sticking your hand in your pocket, now show us growth!

New marginal field round this year, could this also be the year that the Nigerian petroleum industry bill is passed? It’s certainly over due!

https://www.nytimes.com/reuters/2020/08/18/business/18reuters-nigeria-oil-exclusive.html

https://www.energyvoice.com/oilandgas/africa/248603/akk-pipeline-construction-getting-under-way/

https://m.youtube.com/watch?v=Epf2dxmTSSI

https://www.ogj.com/general-interest/economics-markets/article/14177049/covid19-drives-reserves-for-sale-above-125-billion-boe

https://energy.economictimes.indiatimes.com/amp/news/oil-and-gas/argentina-moves-to-protect-local-oil-industry-by-increasing-red-tape-on-imports/74568491?__twitter_impression=true

https://www.bloomberg.com/amp/news/articles/2020-05-06/the-crazy-dream-of-45-oil-could-become-reality-in-argentina?__twitter_impression=true

https://www.offshore-technology.com/news/first-uk-ccs-engineering-costain/

MOU signed with Equinor

https://www.gasnetworks.ie/corporate/news/active-news-articles/ervia-equinor-carbon-emission-storage/

https://www.ervia.ie/who-we-are/carbon-capture-storage/

Ps you make some interesting points about co2 enhanced oil recovery. What’s also interesting is that PRD are also next to Kinsale with an interest in re entering a well that discovered gas. Anyone that follows Prd will know they have another project in Trinidad assisting cerp with co2 enhanced oil recovery.

https://polaris.brighterir.com/public/predator_oil_and_gas/news/rns/story/wvq9kpx/export

https://amp.breakingnews.ie/business/offshore-operators-say-the-success-of-the-kinsale-and-corrib-gas-fields-must-be-repeated-985762.html?__twitter_impression=true

TNGP forms phase 1 of the Akk pipeline.

Section 2 of the TNGP links the Qua Iboe terminal owned by Exxon and the accugas facility is already connected to this terminal via an oil condensate pipeline.

Trans-Nigeria gas pipeline details
The AKK pipeline project forms part of the TNGP development, which is included in the gas infrastructure blueprint of Nigeria.
The 1,300km-long Trans-Nigeria gas pipeline will have three sections featuring varying diameters between 36in and 40in.
It is slated to be the single biggest gas pipeline project to be executed in the history of Nigeria.
The first section of the TNGP is the AKK pipeline, which will connect Ajaokuta with Kano.
The second section will link the Qua lboe terminal with Cawthorne Channel / Alakiri.
It will also comprise a metering station, which is to be constructed in Obiafu / Obrikom.
The third section of the TNGP will be laid between the Obigo gas compressor station and the Ajaokuta node.
The TNGP has been designed to transport between 11 and 24 million metric cubic meters per day (Mm³/d) of natural gas and will form part of the Trans Sahara Gas Pipeline (TSGP) system.

https://oxfordbusinessgroup.com/analysis/monetising-ocean-gas-new-projects-help-country-reap-gains-its-major-resource