Professional Documents
Culture Documents
Energy Mix July Edition Final Preview
Energy Mix July Edition Final Preview
NIGERIAN CONTENT:
CHALLENGES ABOUND DESPITE
RELATIVE SUCCESSES
FEATURE
NIGERIAN CONTENT
ACT 4 YEARS ON:
LAUDABLE ACHIEVEMENTS IN NIGERIAS
OIL & GAS SECTION
SOCIETY OF PETROLEUM
ENGINEERS; NAICE 2014
+ NEWS, ARTICLES & MORE
CONTENT
4
Upstream
12
Midstream
14
EDITORIAL
Welcome to the April/May 2014 edition of Energy
Mix Report. A lot has occurred in the last few
years with regard to divestments in the upstream
sector and the Nigerian E&P space is witnessing
a gradual shift by the IOCs from onshore fields to
more offshore plays.
This issue focuses largely on this shift and looks
at the potential outlook and challenges facing
Nigerias upstream sector going forward. As always, there is a roundup of reports on the energy
sector, insightful articles as well as an illuminating
interview with Mr. Steven Fox, a partner at international law firm Clifford Chance LLP.
I would also like to take this opportunity to remind you to visit our website (www.energymixreport.com) and sign up for our e-newsletter, follow
us on Twitter (@energymixreport) or like us on
Facebook (Energy Mix Report) to ensure that you
have access to the latest energy news in Nigeria
and Africa as it happens on a daily basis.
18
Downstream
20
Power
22
Nigerian Content:
Challenges Abound Despite
Relative Successes
25
Industry Event
30
Best regards,
Noma Garrick
Editor
EDITORIAL TEAM
Publisher
The Energy Mix (Nigeria) Limited
Editor
Noma Garrick
Contributors
Ike Eboh
Kunle Kalejaye
Felix Jaro
Eze Nwosu
Design/Layout
Witts & Stratts
www.wittsandstratts.com
Photography
Jide Odukoya
UPSTREAM
Shell declares
force majeure
at its EA field in
Nigeria
Seadrill signs
$1.1 billion rig
deal with Total
Offshore driller Seadrill has signed
a five-year, $1.1 billion contract
with Total for work offshore Nigeria
at its Egina field, the company said
recently. The contract, for Seadrills
newly built ultra-deepwater West
Jupiter drillship, is worth around
$600,000 per day, including mobilisation, according to calculations.
The vessel will be delivered from
Samsung Heavy Industries shipyard
in Geoje, South Korea in August.
Oando Energy Resources (OER), a subsidiary of Oando Plc, has completed the transaction with ConocoPhillips for the acquisition of its Nigeria
upstream business for a total sales price, after customary adjustments,
of $1.5 billion. ConocoPhillips Nigerian oil and gas businesses consist of
onshore and offshore businesses. The onshore business consists of Phillips
Oil Company Nigeria Limited (POCNL), which holds a 20% non-operating
interest in Oil Mining Leases (OMLs) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Limited
(NAOC) Joint Venture (NAOC JV). The other co-venturers are the
Nigerian National Petroleum Corporation (NNPC) with a 60% interest
and NAOC (20% and operator).
The offshore business consists of Conoco Exploration and Production
Nigeria Limited (CEPNL), which holds a 95% operating interest in OML
131 located 70 km offshore in water depths of 500m to 1,200m.; and
Phillips Deepwater Exploration Nigeria Limited (PDENL), which holds
a 20% non-operating interest in Oil Prospecting Licence (OPL) 214
located 110 km offshore in water depths of 800m to 1,800m. The other
co-venturers are ExxonMobil (20% and operator), Chevron (20%), Svenska
(20%), Nigerian Petroleum Development Company (15%) and Sasol (5%).
In June 2014, the Honorable Minister of Petroleum Resources for Nigeria
approved the conversion of OPL 214 to OML 145 for an initial period of 20
years.
Chevron highlights
ongoing operations
on its deep water
fields
Chevron, in a recent
report has highlighted
some of its ongoing deep
offshore operations. The
Agbami field, in which
Chevron has a 67.3
percent interest, is a subsea development with wells tied back to a floating
production, storage and offloading
(FPSO) vessel. A 10-well Phase 2 development program is expected to offset
field decline and to maintain production
capacity. Drilling, which started in 2012,
is expected to continue through 2015.
As of early 2014, four of the wells are
producing. The next phase, Agbami 3,
is a 5-well drilling program that began
front-end engineering and design work
in early 2014, with a final investment
decision expected in the second half of
the year. Drilling is scheduled to continue through 2017. The Agbami field lies
www.energymixreport.com / 5
UPSTREAM
Mart Resources
Inc. provides
production
and drilling
update for its
Umusadege field
Mart Resources Inc. an international
oil and gas company focused on
production and development
opportunities in the Niger Delta
region of Nigeria, stated that the
Umusadege field production during
June 2014 averaged 6,793 bopd. It
also stated that aggregate
Umusadege field downtime during
June 2014 was approximately 11.3
days due to (1) a shutdown of the
Nigerian Agip Oil Company Limited
(NAOC) export pipeline resulting
from a lack of storage capacity at the
Brass River export terminal due to
export shipment delays, and (2) other
operational interruptions resulting
from general pipeline repairs and
maintenance. There were two full
down days during the month. The
average field production based on
producing days was 10,871 bopd in
June 2014.
It also noted that drilling operations
have been completed on the UMU-3
side-track horizontal well. Total
depth of the UMU-3 well is 8,549
feet and a sand screen completion
has been installed in the 787 foot
lateral section in the VI sand.
Extended production testing is
expected to commence shortly with
results expected by the end of July.
Further updates will be provided
once testing is completed.
Meanwhile, the rig is being moved to
the UMU-4 well to execute a similar
horizontal side-track, targeting the
VII sand.
Our
Quest
Takes
Root.
He further stated that Nigerian oil and gas companies will also be responsible
for the production of 1.5 billion cubic feet of gas daily, about half of the total
supply of natural gas in the domestic market within the same period. According to him; while the ongoing divestments by the IOCs is transferring considerable asset holdings to Nigerians he also pointed out that these potential
figures could only be attained and sustained by the Nigerian independents if
they focus on a strong corporate governance structure, which allows for long
term sustainability.
OVERVIEW OF THE
NIGERIAN OIL AND GAS
INDUSTRY CONTENT
DEVELOPMENT ACT 2010
By Noma Garrick
It has been four years since the Nigerian Oil and Gas Industry Content Development Act 2010
was enacted into law. This piece looks at some of the core features of the Act as well as gives an
overview of the Acts key provisions.
www.energymixreport.com / 9
In Country Requirements
Section 53 of the Act provides that all
operators, project promoters and contractors engaged in the Nigerian oil and gas
industry must carry out all fabrication
and welding activities in the country.
Section 52(3)(f) also provides that all operators, contractors and sub-contractors
shall maintain a bank account in Nigeria
in which it shall retain a minimum of
10% of its total revenue accruing from its
Nigerian operations.
Use of Indigenous Insurance, Legal and
Financial Services
Section 49, 51 and 52 provide for the use
indigenous insurance, legal and financial
services respectively where practicable.
Submission of Content Performance
Report
An operator is required to submit an annual Nigerian Content Performance Report covering all its projects and activities
for the year under review to the NCDMB
within sixty days of the beginning of each
year (Section 60).
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MIDSTREAM
India replaces US as
largest importer of
Nigerias crude NNPC
Nigeria loses
N342m
daily as Eni
shuts down
pipeline
According to reports, Nigeria will be losing about
N342.4 million ($2.14 million) daily, as Italian oil
firm, Eni, shut down its 20,000 barrels per day
crude oil pipeline in Nigeria. The shut down, according to a spokesman of the company, is due to sabotage on the pipeline, which had led to the interruption of 4,000 barrels a day it gets from its 20 per cent
share in Nigerian Agip Oil Company. The Wall Street
Journal reported that Enis disclosure confirmed
information from a local activist, who stated that
the pipeline had been blown up. The activist had
previously said Enis local operation is in a dispute
with former security contractors on the project, a
claim the Eni spokesman failed to confirm or deny.
MIDSTREAM
Nigeria may lose global market
share due to non-take-off of
LNG projects - Expert
The delay in reaching the
final investment decision
(FID) for the Olokola Liquefied Natural Gas (OKLNG), Brass LNG and NLNG
Train 7 projects may lead
to Nigeria losing a large
share of the high-demand
Asian LNG markets as
competition from other exporters increase. Both LNG plants
situated in Brass in Bayelsa and Olokola in Ogun states have
been in a comatose state for over five years while the FID for
the Train 7 project is still yet to beascertained.
Victor Eremosele, a former official of the Nigeria LNG Limited,
noted at the recently concluded World Petroleum Congress in
Moscow, that the windows available for the projects may soon
disappear. This is because by 2020, it is possible we would find
a situation where significant funds have been spent by other
countries on their gas projects and these countries would now
become new sources of gas supply to the market. He also said
another problem that would confront the gas from Nigerian
plants, if they ever take off, would be the increasing drop in the
price of gas at the international market, because of Shale gas
from the United States.
Nigeria
expresses
intent to meet
EUs long term
gas supply
security
The Federal Government has stated its determination to meet the
long-term gas supply security of the European countries. It said the
move was part of measures to expand the countrys gas market across
veritable frontiers. The Minister of Petroleum Resources, Mrs. Diezani
Alison-Madueke, said the country was ready to explore its gas potential to the fullest.
She spoke after holding discussions with the EU Energy Commissioner,
Gnther Oettinger, at the sideline of the 11th European Union-OPEC
Energy Dialogue Ministerial Meeting in Brussels, Belgium.
A statement from the Group General Manager, Public Affairs of the
Nigerian National Petroleum Corporation (NNPC), Ohi Alegbe, stated
that the discussions focused on the role Nigeria can play in supporting
the EUs energy sector priorities, and particularly the long-term security and diversification of gas supplies.
Commercial viability
doubts stall $4bn
South-North gas
pipeline
A lack of commercial viability has stalled the
$4 billion South-North gas pipeline which is
designed to take-off from Calabar through
Ajaokuta and terminate in Kano according to
a BusinessDay report. The proposed pipeline
is supposed to be part of the Trans-Sahara
gas pipeline, the purpose of which is to flow
gas to Europe from Niger Delta.
The core problem is that there are apparently no off-takers for the gas which would
pass through the 1,500 kilometres pipeline,
even if it was constructed. The volume of
gas available must be enough to support the
investment on the gas. The price of gas from
the pipeline is also said to be between $5 and
$6 per 1,000 standard cubic feet (SCF/D).
However there are no investors who would
be ready to risk putting down money for such
a project yet.
www.energymixreport.com / 13
F E AT U R E
Another example of indigenous ownership is provided by Oando Energy Services Limited (OESL), which has invested
over US$300 million in the acquisition,
refurbishment and upgrade of swamp
rigs since its inception. In 2007 OESL
commenced its drilling rigs business by
acquiring two swamp rigs namely; OES
Teamwork and OES Respect. Since then,
the company has acquired an additional 3
swamp rigs and drilling equipment to be
utilized in the Niger Delta swamps. These
5 rigs which are wholly owned by OESL
are at various stages of being deployed to
work for major oil companies operating
in country.
In 2010, Shell supported Caverton
Helicopters an indigenous provider of
aviation services to upgrade its fleet with
more advanced aircrafts. Notably, Shell
awarded a 5-year contract worth about
$694million to provide aviation services
to Caverton Helicopters; this also represented the biggest aviation contract to a
Nigerian Company.
In-Country Fabrication
Another indigenous company, CNS Marine Nigeria Limited, which has already
worked with several international oil
companies in Nigeria, recently acquired
three vessels to facilitate its offshore
Manufacturing
The Oil Producers Trade Section (OPTS)
of the Lagos Chamber of Commerce
and Industry (LCCI) in their Report;
Local Content Strides in the Oil and
Gas Industry state that at various times,
selected OPTS members partnered
with SCC Pipe Mill to provide technical
support, upgrade its pipe mill operations
and place multiple orders to encourage
development of line pipe manufacturing
in country.
A notable highlight is the use of
made-in-Nigeria pipes for the first time in
the nations oil and gas industry by ExxonMobil. The company deployed Helical
Submerged Arc Welded (HSAW) pipes
fabricated locally by SCC Pipe Mill for its
Usari-Idoho pipeline replacement project
in Akwa Ibom State.
The NCDMB has also stated that
construction work has commenced for
two steel pipe mills in Bayelsa and Edo
states. These mills are to produce about
400,000MT per annum of steel pipes
for the oil and gas industry by 2016
and create more than 10,000 direct and
indirect jobs during the construction and
operating phases of the mills.
The NCDMB has stated that it has plans
to establish world class industrial parks
in strategic oil bearing communities
through the Nigerian Oil and Gas Industrial Parks Scheme (NOGIPS). NOGIPS
is a capacity development initiative to
establish physical infrastructure and
create enabling environments for low cost
production of goods, domiciliation of
capacity, technology acquisition, training,
creation of employment opportunities
and structured community participation.
To this end the NCDMB intimated that
the Federal government recently concluded plans to set up nine industrial
parks in the States of the Niger Delta as
part of the agenda to boost the harnessing of hydrocarbon resources as well as
the overall development of the economy.
The industrial parks when established
would be a significant milestone in the
continued quest for achieving effective
participation of the local supply chain in
the oil and gas sector. The beneficiaries of
www.energymixreport.com / 15
F E AT U R E
service the financing needs of the industrys contractors/vendors, led to an improvement in their understanding of the
dynamics of the oil & gas sector; helped
to develop their capabilities on project
financing as well as the underwriting of
project risks.
The Fund is pooled from 1% of all contracts awarded in the upstream sector
of the oil and gas industry for use in
developing the supply chain and building
local capacity in the industry. 70% of the
pool is to be used to provide guarantees
for single digit and longer tenure lending
by banks and funding institutions to
Nigerian service companies seeking to
acquire critical assets while 30% is to be
applied for direct intervention by the
Board in critical infrastructure development and training programs. Currently
the Nigerian Content Development Fund
has grown to around $350m and is now
capable of being accessed by Nigerian
service companies.
Admittedly, the fund has so far been
accessed by only a handful of Nigerian
service companies but the NCDMB and
its Executive Secretary Ernest Nwapa
have indicated that the Board is working
to review the administration process and
the conditions to be met for prospective
beneficiary companies so as to make it
more accessible. The current conditions
require the benefitting company to tie-up
an arrangement with its bank for a facility
meant for financing the acquisition of
assets and ensure that it draws down the
loan and services it successfully. The Fund
will then kick in to offset 50 per cent of
the interest charged by the bank.
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DOWNSTREAM
Lagos State govt
approves 250 hectares of
land for Mid Oil refinery
The Lagos State government has approved about
250 hectares of land for the
establishment of a 100,000
barrels per day Mid Oil
Refining and Petrochemical
Company Limited proposed
refinery in Ejirin, Epe Local Government Area of
the state.
The acquisition of the land will enable the
company commence necessary construction
activities that would lead to it refining petroleum
products after getting approval for the project
from the Department of Petroleum Resources
(DPR). According to a DPR source, the firms
application is receiving the necessary attention
and would get the go ahead to start work on the
site for the project in due course.
DOWNSTREAM
Dangote refinery set to come on
stream as licence is almost ready
Dangote Group is said to be poised to acquire the licence to start
preliminary work on its proposed petroleum refining project
from the Department of Petroleum Resources (DPR) as the
agency is said to have concluded the evaluation of the necessary
technical details on the first stage of the project.
The company is expected to be given an initial Licence-To-Establish (LTE) and as work progresses there will be further evaluation
by the DPR team. Based on its evaluation another licence; Approval-To-Construct (ATC) could be issued. The last phase of the
licence, the Licence-To-Operate (LTO) would come after every
structure has been put in place, including all the processing units.
The basic engineering design and optimization for the project
has been given to UOP, of the Honeywell Group of USA, and the
award of project management consultancy has been made to
Engineers India Ltd, a Government of India undertaking.
Insurgents
scare original
manufacturers
away from
refineries
maintenance
The original equipment manufacturers (OEM) of the Warri,
Port Harcourt and Kaduna
refineries are unwilling to come
to Nigeria for the planned
turnaround maintenance (TAM)
of the refineries due to security
challenges in the North and the
Niger Delta.
The former Group Managing
Director, NNPC, Mr. Andrew
Yakubu, at a capacity programme
by the corporation organised for
stakeholders in the oil and gas
industry, confirmed this development and noted that security
concerns raised by the OEMs
were frustrating the planned
TAM of the four refineries. He
said that the OEMs turned
down our request for them to
come down to Nigeria for the
maintenance because of perceived security challenges. The
refineries are still available and
running, and we are currently
optimising their integral units.
The security challenges, which
have been brought about as a result of the activities of the Boko
Haram sect in the North and
the militants in the Niger Delta,
has led to the OEMs developing
security charts of the country,
where most areas have been
described as high security-risk
locations. The development has
necessitated the federal government to look elsewhere and
to engage other equipment and
engineering companies to do
thejob.
NALPGAM
calls for clarity
with regard to
regulation of
domestic LPG
market
The Nigerian Association of Liquefied Petroleum Gas Marketers
(NALPGAM) has called for clarification on the multiplication of
operational regulations by various
agencies of the federal government
and indicates that the confusion
has continued to create a series of
imbalances in Nigerias domestic
LPG market.
NALPGAM noted that asides from
the Department of Petroleum Resources (DPR), which is statutorily
empowered to regulate business
operations in the domestic LPG
market, other agencies of government whose statutory responsibilities are not directly connected
to its operations have constituted
themselves as part of the existing
challenges limiting the growth of
the LPG market.
President of NALPGAM, Mr. Basil
Ogbuanu, stated recently at the Annual General Meeting (AGM) and
unveiling of the associations new
logo in Abuja that the overbearing
acts of these government agencies,
notably the weight and measure department of the federal ministry of
trade and investment, has prompted the association to seek better
clarification from the government
as to which of its agencies is actually responsible for regulation of
the domestic LPG market. Ogbuanu
explained that given the terms of
demands from such agencies, the
association has in its bewilderment
deemed it necessary to know the
actual position of DPR in operations within the domestic market.
www.energymixreport.com / 19
POWER
FG, 7 NIPP plant
investors to negotiate
Share Sale Agreement
The Joint Transaction Board (JTB) comprising
the National Council on Privatisation (NCP) and
the Niger Delta Power Holding Company (NDPHC), owners of the National Integrated Power
Project (NIPP) and the preferred bidders for 7
of the 10 NIPP power plants are to commence
negotiations over the Share Sales Agreement for
the assets.
This follows the JTBs approval on March 21 of
the preferred and reserved bidders for 7 out of
the 10 NIPP power plants. The sale of the 3 other
power plants, namely Alaoji Generation Company, Omoku Generation Company and Gbarain
Generation Company are affected by litigation
instituted by Messrs Ethiope Energy Limited
and have been stepped down until the matter is
resolved.
The handover of the 10 NIPP plants was scheduled for June 2014, according to the timelines
unveiled in June 2013. But owing to non-completion of some of the projects and pending litigations as noted above, the privatisation process
is several months behind schedule, while only
seven assets are currently being sold.
United States power plant developer, Global Edison Corporation, is set to build a new 1,500mw
power plant in Anambra State following an
agreement signed between the FG and Global
Edison for the construction of the $2.5 billion
gas-powered plant. The plant is part of a memorandum of understanding (MoU) signed between Nigeria and the United States (US) Power
Africa Initiative.
Nebo inaugurates
automated payment
system for power
sector
system said that ONEM had done a great job in taking the
sector to a whole new level by the development and deployment of the NIBSS-Power Collect system. Nebo also
urged stakeholders in the power supply chain to key into
the system to ensure adequate data capture and transparency in payment system. He said such stakeholders include
the Generating Companies, the Transmission Company
and the Distribution Companies.
www.energymixreport.com / 21
NIGERIAN CONTENT:
CHALLENGES
ABOUND DESPITE
RELATIVE
SUCCESSES
By Noma Garrick
In Country Fabrication
www.energymixreport.com / 23
INDUSTRY EVENT
Society of Petroleum
Engineers (SPE):
NAICE 2014
The Minister of
Petroleum Resources,
Mrs. Diezani AlisonMadueke, explained that
the contract awards to
indigenous firms to lift
crude oil were to promote
even local participation
in the oil and gas sector.
How successful this
development will be
however, remains to be
seen.
12
10
11
13
14
From top left to bottom right: (1)A cross section of delegates at the opening ceremony (2)
Abdulrazaq Isa, Danjuma Saleh, a delegate and Bernard Oboarekpe (3) Chevron exhibition booth
(4) Cross section of delegates (5) Felix Amieyeofori and other delegates (6) Cross section of
industry awardees at the industry awards night (7) Alex Neyin, Chairman BoT of Nigeria Council,
SPE (8) Mutiu Sunmonu (9) Austin Avuru, Bernard Oboarekpe, Dr. Ike Ibe, Engr. Taofiq Tijani,
Mark Rubin and Cornelius Zegelaar (10) Bernard Oboarekpe, Emeka Ene and Eng. Taofiq Tijani
(11) Shell exhibition booth (12) Bernard Oboarekpe, SPE Chair, Nigeria Council and an awardee
(13) SPE NAICE 2014 Exco members (14) NPDC exhibition booth (15) Richmond Osuji, Chi Ukpai,
Folorunsho Alakija and other delegates
www.energymixreport.com / 25
LEGAL
Solar technology to
drive rural electrification projects Nebo
ENVIRONMENT
The legal battle over the disputed Chevron oil blocks has shifted to the Supreme Court as Brittania-U Nigeria Limited has filed an appeal at the apex court challenging the ruling of the Court of Appeal sitting in Lagos against the
extension of the interim orders made by a Federal High Court in Lagos on the disputed oil blocks Oil Mining Leases
(OMLs) OMLs 52, 53 and 55.
The lawyer to Brittania-U, Mr. Ricky Tarfa (SAN) has also petitioned the Minister of Petroleum Resources, Mrs.
Deziani Alison-Madueke, the Nigerian National Petroleum Corporation (NNPC) and other relevant parties not to
jeopardise the ongoing suits by taking actions that would pre-empt the outcome of the case in court. Brittania-U is
claiming specific performance of the assignment of the three OMLs or $10billion damages for wrongful repudiation
of the contract.
REGULATORY
A private members bill called the Nigerian Electricity Management Authority (NEMSA) bill currently
before the National Assembly may blur the lines
in Nigerias electricity sector. The bill, a private
members bill, proposed by Hon. Patrick Ikhariale,
Chairman of the House Committee on Power and
Steel, proposes to situate NEMSA as a technical
regulator and enforcement institution in the Nigerian Electricity Supply Industry (NESI).
The bill seeks to convert the Electricity Inspectorate Service (EIS), whose functions previously
carried out under the auspices of the Ministry of
Power had been transferred to NERC in the Electric
Power Sector Reform Act, to the National Electricity Management Authority (NEMSA)). The bill
further proposes that NEMSA will also take over
the staff and assets of the current Electricity Management Services Plc.
However, the Nigerian Electricity Regulatory
Commission (NERC) has powers similar to those
being sought to be vested in the new authority. The
National Electric Power Policy (NEPP) 2011 which
is the foundation of Nigerias power sector reform
and the Electric Power Sector Reform Act (EPSR)
2005, particularly section 32 provides clearly for
the mandate of the NERC as the technical and economic regulator of the Nigerian Electricity Supply
Industry (NESI).
www.energymixreport.com / 27
LOCAL CONTENT
BUSINESS
FINANCE
COMMUNITY
Chevron to double
donations to social projects
in Nigeria
Chevron plans to nearly double its donation to Nigerian social projects over the next five years, part of
a choreographed plan to improve the local economy
and bolster the companys supply chain in the African
country, its second-largest source of crude oil. According to Reuters, Chevron is donating $40 million to the
Niger Delta Partnership Initiative (NDPI), a nonprofit
it helped form in 2010 with $50 million in seed money.
The second round of funding will make NDPI the largest recipient of Chevron donations in the companys
history, executives said. The NDPI works with local
organizations in the Niger River Delta to help cull HIV
transmission rates, teach cassava farmers marketing
techniques and connect catfish breeders with feed suppliers, among other projects.
ExxonMobil announces
second quarter 2014
results
www.energymixreport.com / 29