source Emergy Mix Report on Jan 8, 2020
State-owned player, the Nigerian Petroleum Development Company Limited (NPDC), is set for deep exploration beneath the Oghareki and Okwefe fields according to Upstream.
The NPDC in a recent tender indicated that it had a requirement for the provision of an Oghareki/Okwefe deep prospectivity study in the NPDC-Chevron JV OML 49 asset and was seeking reputable and competent companies for the provision of the service.
The scope of work required for the provision of the Oghareki/Okwefe deep prospectivity study includes but is not limited to the provision of the following:
â€¢ Data Gathering/Validation/Project Set-up.
â€¢ Regional Sequence Stratigraphic Correlation/ Seismic Sequence Stratigraphic analyses and Depositional Environment Studies.
â€¢ Petrophysical delineation of target horizons and well data analysis.
â€¢ Seismic Attribute/AVO Analysis for hydrocarbon detection, lithology identification and fluid content in the deeper section of the field.
â€¢ Velocity Modelling and Time-Depth Conversion using Appropriate Velocity Model.
â€¢ Structural and stratigraphic prospect generation & Lead Inventory.
â€¢ Volumetric & Reserves Calculation and Feasibility Studies.
â€¢ Risk Assessment/Ranking (Deliverables)
â€¢ Economic Evaluation/Analysis of Development Scenarios.
Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne by the Nigerian National Petroleum Corporation (NNPC) to subsidise petrol has increased by about N17 per litre, Daily Trust reports. Subsidy on Premium Motor Spiritâ€¦
AÂ report by the Petroleum Products Pricing Regulatory Agency (PPPRA) shows that over 18 billion litres of Premium Motor Spirit (PMS), also called petrol, was imported in 2019. According to the report, the total quantity of PMS supplied across the nation as at November was 18, 623,992,092 litres and the PMS average sufficiency stood at 40.68â€¦
Oil futures fell yesterday from peaks hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq raised the spectre of a spiralling Middle East conflict and disruption to crude flows. Prices gave up most of their early gains as oil production facilities remain unaffected by attacks. Tweets by U.S.â€¦
ADM Energy Plc has revealed plans to raise Â£150,360 by way of rights issue. The company said in a notice filed at the London Stock Exchange on Wednesday that it would issue 2,148,000 new ordinary shares of one penny each at a price of seven pence per share to Zark Capital Limited. It said followingâ€¦
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