San Leon Energy Share Discussion Threads

[linksdean2] 12/4/2017 16:49

eroton get a mention " There are a few projects, which are expected to add some volumes to Nigeria’s oil output in 2017." Eroton’s OML18 among others



Oil output expected to average 1.8mbd in 2017 – Ecobank

Jan 18, 2017

Analysts at Ecobank have said that there are three key factors that are likely to affect Nigeria’s output in 2017. First is the militant activity in the Niger Delta. Already the major militant groups have announced plans to commence another round of disruptions to oil production if the government doesn’t hasten to dialogue with their representatives or with them directly.

Another round of disruption to oil facilities could be very damaging for the country, which now has lower oil revenues with which to fix these damages and address these issues. The second is the low level of additional oil coming from new projects. There are a few projects, which are expected to add some volumes to Nigeria’s oil output in 2017.

These include Chevron’s Sonam (mostly gas), Shell’s Gbaran Ubie Phase 2, Aje oil field offshore Lagos, Lekoil’s Otakikpo, Eroton’s OML18 among others. However, these are likely to add just over 100kbd of new oil output to the country’s output in 2017. The larger projects such as Egina, which is expected to add over 200kbd, are expected from 2018.

Thirdly, the natural rate of field decline in most of our large fields continues unabated. Although the exit from the JV cash call could see this development addressed however other factors will determine the pace at which this happens. “Holding the level of output disruption constant as in 2016, we estimate the country’s production at 1.8mbd, factoring in output from new fields,” the analysts concluded.

[linksdean2] 12/4/2017 16:39

N-Delta indigenes to get oil blocks to douse tensions – Kachikwu
Apr 11, 2017

The Minister of State, Petroleum Resources, Ibe Kachikwu while at the Oil and Gas Trade Group Roundtable organised by the Nigerian-British Chamber of Commerce (NBCC) yesterday, said that to douse tension in the oil-rich Niger Delta, the Federal Government plans to award to indigenes of the region marginal fields’ oil blocks abandoned by the oil majors and deemed as not commercially viable, The Guardian reports.

The plan is in line with the government’s larger objective of reducing major incidents of restiveness by about 90% next year. Over the years, there have been agitations over oil resource ownership, which have become intense with allegations that about 90% of northerners own the oil blocks awarded in the country. If the plan is implemented, the ownership structure of the nation’s petroleum assets will not only begin to change, but will also empower the host region, which has for decades suffered economic deprivation and environmental degradation on account of these resources.

Kachikwu, said through the Acting Permanent Secretary, Ministry of Petroleum Resources, John Eboigbe that the plan was part of the larger “stability incentive scheme” under “a harmonised holistic development plan for the Niger Delta.” Expatiating on the plan, Kachikwu said: “This will include creating stability incentive schemes – jobs, investments, contracting opportunities for the zone, and the use of marginal fields’ allocations to state governments and indigenes to help reduce tension and get buy-in without excluding the rest of the country.”

[triple seven] 12/4/2017 14:40

You really are scum CT. The lowest of the low. Your family must be really proud of you.