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Read in the SPTEC Advisory newsletter

September 10, 2020
 

Several information from the SPTEC Advisory newsletter...

Algeria: US firm Air Products, a leader in liquefied natural gas (LNG) technology and equipment, announced it will be providing four of its MCR® Main Cryogenic Heat Exchangers (MCHEs) for Sonatrach’s GL1Z LNG facility in Arzew, Algeria. The four heat exchangers will each have 1.3 million tonnes per year production capacity and will replace four previous heat exchangers supplied by Air Products in the late 1970s, which are some of the longest operating MCHEs in the world. 

Nigeria: Justice Cranston J. of the United Kingdom High Court yesterday ordered the Process and Industrial Development Limited (P&ID) to make an interim payment of more than £1.5 million to the federal government within 21 days. The £1.5 million is to cover legal costs the federal government incurred as part of its successful application for the extension of time to challenge the arbitration award and procedural hearing earlier in the year. Also, the Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN) has ruled out negotiations with the company over the $10 billion arbitral award, which a London commercial court has granted Nigeria more time to appeal for it to be set aside. Nigeria and the Irish firm are locked in a legal battle over a dispute arising from the failed Gas Sales and Purchase Agreement (GSPA) under which the company is to build a plant in Cross River State to process wet gas, to be supplied by the federal government, for generating electricity. (Photo : Punchng.com)

South Africa: According to reports, Renergen has been forced to abandon an inclined well targeting gas-bearing fracture systems in the Virginia Gas Project in the Free State of South Africa. The Virginia Gas Project covers 187,000 hectares of gas fields across Welkom, Virginia and Theunissen. When drilling the inclined well, the base assembly was lost before breaking through the base of the Karoo sedimentary rock and the company decided it best to abandon the well. As a result, Renergen will secure a directional drilling rig and undertake a new drilling plan.