Offshore supplement

SPECIAL SUPPLEMENT

OFFSHORE

SUPPORTING THE AFRICAN OIL AND GAS SECTORS INFRASTRUCTURE: South Africa gears up for rig repair

www.maritimesa.co.za

E&P UPDATE: Exploration and Production announcements

EVENTS: Events on the continent discussing Africa Oil

NEWS: Company news and announcements

Contents 2

SOUTH AFRICA GEARS UP FOR RIG REPAIR: Î Operation Phakisa is currently driving the Blue Economy in

South Africa. It is a government-led intervention that aims to push a number of key marine sectors for economic development and job creation. And for the first time the marine engineering sector, under the banners of shipbuilding and repair, is receiving significant attention at governmental level.

6

INFOGRAPHIC Î Regional rig usage and contracted fleet Î ROV statistics Î OPEC oil reserves Î African rig operators and managers

8

EXPLORATION & PRODUCTION UPDATES Î Chevron completes subsea engineering feat in Africa Î Total starts production offshore Angola Î Sonangol and Cobalt announce agreement Î Subsea 7 contract offshore Egypt Î ISS Awarded Paragon offshore project Î First gas delivery from Mnazi Î Extension of Mahdia licence Î Aquatic awarded Moho Nord project Î Panoro Energy Aje-5 update Î Erin Energy commences 3D seismic acquisition

12

EVENTS Î OC Africa 2015 Î Gas Competence Seminar Î Networking breakfasts Î Offshore East Africa Î 22nd Africa Oil Week Î North Africa Oil and Gas Summit Î Offshore West Africa

14

NEWS & COMPANY UPDATES Î Bowman Gilfillan appointment Î Cape Armature Winders transformation Î Environmental Resources Management appointment Î Coena partnership Î C&N Petroleum Equipment new products Î Sunbird Energy operational update Î Declining oil prices set to wake up African oil industry Î OPITO training

ADVERTISERS IN THIS SUPPLEMENT Î Nautic Africa Î Seascape Î Novamarine Î Cape Diving Î C&C Technologies Î Wartsila Î Cape Armature Winders

INFRASTRUCTURE

Gearing up for rig repair

gs or ng off A r c shou e ser ce n A r c It makes sense for the rigs and offshore vessels operating off the coast of Africa to be serviced by African shipyards.

The savings associated with towage or travel to destinations outside of the continent should make it an attractive option, but skills, infrastructure and even customs remain challenges to the optimal development of this sector.

The industry is labour intensive and has the potential to create employment as well as training opportunities. With the need, however, to access port facilities and infrastructure, private ventures in the sector can be hampered by public processes that make long term planning and investment risky.

T

he downturn in the oil price has perh ps eco e n tion obstacle to investment on the continent n the continent in this sector, but should not be seen as a deterrent for gearing up to service this sector p rticu r n the ght o the potenti cost s ngs on offer s e s the u os or pro oting oc content e er h e the e er e o ue Econo remains high on government agendas, the marine engineering sector seems to have been relegated to a back seat str teg es such s A r c s Integr te M r ti e Str teg AIMS Th s esp te ts e t to e er on AIMS s s on to oster ncre se e th cre tion ro A r c s oce n n se s e e op ng sust n e thr ng ue econo n secure n en ron ent sust n e nner The n ustr s our ntens e n h s the potenti to cre te e p o ent s e s tr n ng opportun ties th the nee ho e er to ccess port c ties and infrastructure, private ventures in the sector c n e h pere pu c processes that make long term planning n n est ent r s An h e ue Econo str teg es necess r e e out se r ng opportun ties the sh ng sector se tr e g st te opportun ties go ern nce n r ti e o n contro the ten to fall short on understanding where government can step in to assist in the development of a robust marine engineer ng sector

per tion Ph

s

per tion Ph s s current r ng the ue Econo n South A r c It s go ern ent e nter ention th t s to push nu er o e r ne sectors for economic development and job cretion An or the rst ti e the r ne

2

SPECIAL SUPPLEMENT: Supporting the offshore sector

engineering sector, under the banners of shipbuilding and repair, is receiving s gn c nt ention t go ern ent e e No one e r s nce the unch o the str teg so e progress s e ng e esp te e sh s n ti e ne e eres Most not re the n r structure deliverables expected from Transnet N tion Ports Author t TNPA h ch h s h to rr ts o n M r et e n Str teg to the e pect tions o per tion Ph s In u co or p

the TNPA e onstr te the r t ent to Ph s s construction co ence on the ffshore Supse SS n the port o S nh The supp se s one o three projects earmarked to develop the port nto c t to r ct r ne eng neerng or ro the offshore n ustr The c t e the countr s rst e c te n custo se c t supporting offshore o n g s cti ties n s e pecte to e co ss one Septe er It ser e esse s eng ge n supporting offshore e p or tion n pro uction cti ties ong the est n e st co sts o A r c n c ng t South A r c n ports or support n og stics ser ces S nh Port M n ger e ou said the appointed contractor, Basil e h co ence prep r tor s te est sh ent cti ties ur ng Apr The SS e est she t the port s ener M nten nce u Construction or ent n ng the g p o out etres et een the e sting t o u s re ur sh ng one portion o the u n engthen ng the u etres on e ther s e to crete tot u ength o etres Minor dredging works will provide a depth of 8 metres alongside the overall ength o the u s ou ou s the SS ou pro e se or rece ng e u p ent n ste ro offshore e p or tion n pro uction cti ties n pro ng c ties or o ng n sh pp ng o e u p ent stores, goods, bunkers and drilling u s e s TNPA h ppo nte Tr ns ction A sor to pro e report on est pr ctice r et n s s n fferent oper ting o e s or cons er tion

R13.2 bn “The Transaction Advisor will assist TNPA with the finalisation of Request for Proposal documentation for the appointment of an operator for the OSSB. This operator will be responsible for providing infrastructure such as warehousing, workshops, offices, canteen and rest room facilities, as well as equipment such as cranes and other rubber tyred equipment to operate the facility.”

TNPA’s three Operation Phakisa projects to develop Saldanha as a specialist hub for the oil and gas sector are: the OSSB; an rig repair facility at berth 205, with a length of 380m and a depth of 21m to comfortably accommodate two rigs at a time. A new finger jetty in the vicinity of the port’s Mossgas quay will be 500m long with a depth of 8,5m and 12m pockets to accommodate floating docks for vessel building, repairs and maintenance.

These three project are likely to require

The three projects being undertaken in the Port of Saldanha Bay aimed at creating an attractive port of choice for the offshore oil and gas sectors are likely to cost in the region of R13.2 billion. an investment of R13.2 billion. Speaking at a SAOGA breakfast in Cape Town, Nico Walters of TNPA confirmed that this funding would need to come from the private sector. “We will not be investing in those facilities. We want private sector to come forward and tell us how much of that would they be willing to fund,” he said.

Working together with government and organisations such as the South African Oil and Gas Alliance (SAOGA), TNPA has initiated the process of identifying private partners with an appetite to invest.

They recently hosted Operation Phakisa workshops in the United Kingdom.

Although also in consultation with local players, Walters highlighted the need for international input, confirming that a number of conferences and exhibitions had been earmarked for further engagement.

“The companies that we are targeting

“The Transaction Advisor will assist TNPA with the finalisation of Request for Proposal documentation for the appointment of an operator for the OSSB. This operator will be responsible for providing infrastructure such as warehousing, workshops, offices, canteen and rest room facilities, as well as equipment such as cranes and other ruber tyred equipment to operate the facility.”

SPECIAL SUPPLEMENT: Supporting the offshore sector

3

INFRASTRUCTURE

Gearing up for rig repair

An alliance of support

O

ver 200 companies have signed up as members of the South African Oil and Gas Alliance and together are able to offer the offshore sector a number of services including:

Fabrication and construction Subsea modules Jackets Topside modules Steel and pipe work Tugs and barges

General engineering Mechanical engineering Electrical engineering Naval and marine engineering Chemical and process engineering Geotechnical Engineering

Repairs and maintenance Rig and ship repair Class surveys and certification Scaffolding/rope access Subsea repairs OEM equipment: thrusters, engines, drilling Inspections and testing

Equipment and material supplies Motors and engines Pumps and valves Hydraulic and pneumatic equipment Instrumentation and controls Pipes and hoses

Logistics and ships agents Forwarding, clearing and warehousing Crew changes Chandling Stevedoring Bunkering

Support services Recruitment and training Legal, financial and insurance SHEQ services IT support Salvage

are largely companies that would be interested in rig repair and operating an offshore supply base or interested in operating other repair facilities, such as floating docks as well as other land based manufacturing, fabrication operations,” he said.

“Our view is that SA is in a unique position and very ably equipped to service the market that we are targeting from an oil and gas perspective,” he added.

Milestones and timelines Milestones to date include completion of pre-feasibility work such as geotechnical and seismic studies, as well as preliminary designs for the establishment of the rig repair facility at Berth 205.

Similar studies would be completed by the end of September 2015 for the finger jetty. An Environmental Assessment Practitioner will be appointed to perform baseline and specialist environmental studies by mid July 2015.

TNPA intends to follow a build operate and transfer (BOT) model in establishing these facilities. In terms of the expanded Mossgas finger jetty and the oil rig repair facility at berth 205, the successful bidder will be responsible for dredging works as well as the wet and dry infrastructure development.

All three projects will complement the 330 ha Saldanha Bay IDZ which was designated in 2013 and which is expected to be constructed from August 2015.

The Saldanha IDZ will allow operators to import equipment and goods destined for exploration and production activities off-shore in a similar manner as a “free port”.

Roux said that while it was a difficult time in the oil industry, there was still an appetite for the development of a dedicated facility in Saldanha for the oil and gas sector.

“The current economic climate in the oil and gas market may not be conducive to embarking on new exploration projects, but one has to be mindful that the majority of existing offshore production remains operational. Demand for support of these operations will continue and the lull in exploration activities may in fact provide an opportunity to perform repairs and maintenance to exploration vessels and equipment,” he said.

The port authority expects to have all three projects completed within two to three years, working alongside strategic partners including the South African government, the South African Oil and Gas Alliance (SAOGA) and the Saldanha Bay IDZ Licencing Company.

“Demand for support of these (offshore) operations will continue and the lull in exploration activities may in fact provide an opportunity to perform repairs and maintenance to exploration vessels and equipment,”

Construction underway at Saldanha Bay Industrial Development Zone

C

onstruction is underway at Saldanha Bay’s Industrial Development Zone (IDZ), which is set to position the Western Cape as a rig repair hub.

Alan Winde, Minister of Economic Opportunities, said that enabling oil and gas servicing at Saldanha was central to the drive to grow the sector.

“Focusing specifically on upstream and midstream services such as rig repair, this sector already provides 35 000 formal jobs opportunities in the province. Through Project Khulisa (a Western Cape Government initiative), we have the aspirational goal of adding up to a further 60 000 formal jobs in this sector and increasing its economic contribution up to R3 billion, from its current R1 billion.

Minister Winde said he had requested an update report from the Saldanha Bay Licencing Company on the progress of construction at the IDZ. “Excavations for the various civil engineering services are taking place and trenches for sewer and water lines are being hollowed out. The roads are being box cut and the site offices, which will be a multi-user facility for contractors and trainers, is set to be completed soon.

“Transnet National Ports Authority has also started construction on its Offshore Supply Base, which is expected to be commissioned in September next year.”

Minister Winde added that civils works for the upgrade of the Saldanha Bay Wastewater Treatment Works has commenced. This upgrade will increase the capacity of the Treatment Works.

“We are also seeing healthy interest from the private sector. To date, non-disclosure agreements have been signed with 20 local and international investors.”

4

SPECIAL SUPPLEMENT: Supporting the offshore sector

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OFFSHORE

facts & figures Crude oil production declined year-on-year in Africa and the Middle East, and remained relatively flat in other regions, while in OPEC Member Countries, it reached 30.7 mb/d during 2014, down 2.9 per cent from 2013, year-on-year. (SOURCE: OPEC)

Number of offshore rigs per region % UTILISATION 35.8%

REGION

CONTRACTED

TOTAL RIG FLEET

Gulf of Mexico

77

215

North Sea

162

186

39.9%

Southeast Asia

65

163

28.2%

Far East Asia

46

163

70.5%

Persian Gulf

105

149

65%

Mexico

65

100

61%

Brazil

61

100

60.2%

Western Africa

56

93

65.4%

South Asia

34

52

29.8%

Venezuela

14

47

58.1%

Caspian Sea

18

31

Rest of US

2

28

8

24

Australia

11

18

61.1%

Red Sea

11

18

70.6%

Mediterranean

12

17

87%

7.1% 33.3% 61.1%

Rest of S. America and Caribbean

88.2%

Black Sea

15

17

33.3%

Alaska

2

6

100%

Canadian Atlantic

5

5

60%

Rest of Africa

3

5

80%

Eastern Europe

4

5

Other

1

3

Candian Pacific

0

1

33.3% 0%

ROV

SOURCE: Compiled from information from Rigzone

6

Remotely Operated Vehicles The International Marine Contractors Association’s (IMCA) 2014 survey of remotely operated vehicle (ROV)s, and ROV personnel reveals that the number of ROV’s in service increased from 3,364 in February 2014 to 3,617 in August of the same year.

3,364

SPECIAL SUPPLEMENT: Supporting the offshore sector

3,617

DECLINING OIL PRICE SKILLS SHORTAGE REGULATORY FRAMEWORK “The oil price decline, skills shortages and uncertain regulatory frameworks have put the oil and gas industry on the African continent in dire straits. The combined effect of these challenges places an increased burden on exploration activity and economies heavily reliant on oil & gas revenue, which may have far-reaching socio-economic impacts as a result,” says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader.

Operators and rig managers in Africa Atlantica Tender Drilling Atwood Oceanics Axxis Petroconsultants Diamond Offshore Egyptian Drilling ENSCO GSP Hercules Offshore Jasper Offshore KCA Deutag

Saipem SapuraKencana Seadrill Ltd SeaWold Oil Shelf Drilling Shell Nigeria Stena Drilling Transocean Vantage Drilling

Lonestar Drilling Maersk Drilling Megadrill Services Nabors Offshore Oando Ocean Rig ASA Odjfell Pacific Drilling Limited Paragon Offshore Petroserv SA

53.4

The overall average worldwide usage of the offshore rig fleet.

19%

81%

OPEC share of world crude oil reserves 81 PER CENT

OPEC: 1,206 billion barrels

19 PER CENT

Non OPEC: 286.9 billion barrels

OPEC proven crude oil reserves at end of 2014 in billion barrels Venezuela: Saudi Arabia IR Iran Iraq Kuwait UAE Libya Nigeria Qatar Algeria Angola Ecuador

Incidents reported off Nigeria in the first half of 2015.

6 11 PIRACY DEATHS SOURCE: IMB Piracy Report

299.95 266.58 157.53 143.07 101.5 97.8 48.36 37.07 25.24 12.2 8.42 8.27

CAUSES: Î Cardio/respiratory failure Î Hit by equipment Î Man overboard Î Lightning

SOURCE: IMCA

SPECIAL SUPPLEMENT: Supporting the offshore sector

7

E&P

Exploration and Production

EE p or P: tion

&

Pro uction

41%

Forty-one percent of E&P companies said that they would be investing in the development of drilling or exploration programmes, which is significantly lower than in 2014 when 70 percent reported this as a key strategic focus.

(According to a survey by PwC see page 18 - 20 for more information)

DRC/Angola Chevron completes subsea engineering feat in Africa

C

hevron recently achieved a technological feat in the depths of one of the world’s largest underwater canyons. With vital right-of-way permits approved by the governments of the e ocr tic epu c o the Congo n Angola, Chevron has completed the r ng o e ntersection con u t ene th the Congo er su r ne c n on p rt o the Congo er C n on Crossing pipeline project.

To cre te the ntersection t o e bores were drilled simultaneously ro sh o ter p or s oc te on each side of the canyon. One of

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the p or s s oc te n the e ocr tic epu c o the Congo h e the other p or s oc te n Ango The e ores tr ns tione ro ertic to horizontal, and then intersected almost midway beneath the canyon, approximately 2,000 feet (610 m) beneath the seabed, where the water depth is onehalf mile (0.8 km).

The Congo er cross ng s Che ron s rgest e er e ntersection n t is the most technically challenging aspect of the pipeline project. The well ntersection pro e the ost secure method of crossing the canyon and connecting to the p pe ne t the p or s located on each side of the canyon.

“This was the most unique well intersection pro ect o ts n e er un ert en Che ron n the er rst n the n ustr per or e offshore s Ben Leonard, project drilling manager for Chevron’s Southern Africa strateg c us ness un t ther ntersection projects have involved drilling under highways or riverbeds, but this one s ore th n ti es the ength o routine cross ng Se er nno ti e techno og es n processes were employed during the r ng o the e ntersection or e p e n cti e gnet r ng ng technology was used to direct the drilling assembly so that the wellbores merged precisely on a target roughly the size of s et Th s n o e gnetic sensor in the drill string on one side and a powerful magnet, located behind the drill bit, on the other side.

An tion ch enge or the pro ect te s to nst the t o offshore p or s n n re c ose to the outh o the Congo er here there re strong currents.

The pipeline will transport natural gas ro Ango s offshore oc s n to the Ango L ue e N tur s LN P nt the countr s rst LN pro ect. When completed, the pipeline will be approximately 87 miles (140 km) in ength n n ti tr nsport up to million cubic feet of natural gas per day.

The South African Maritime Industry will once again come together to celebrate excellence and acknowledge achievements this year as we present the Maritime Industry Awards. But this time – we are taking the message under Operation Phakisa to heart and challenging the industry with our theme of All Hands on Deck.

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SA 77 M 40

E&P

Exploration and Production

E P: E p or tion Angola: Total starts up production from Dalia Phase 1A on deep offshore Block 17

T

ot h s st rte pro uction ro Ph se A ne e e op ent on ts eep offshore oper te oc oc te off the co st o Ango Ph se A e e op tion reser es o on rre s M n will contribute 30,000 barrels per day to the oc s pro uction The Ph se A pro ect n o es the r ng o se en n e s tie c to the o ting Pro uction Stor ge n o ng PS un t

Angola: Sonangol and Cobalt announce US$1.75 Billion transaction

T

he Ango n N tion Concess on re Soc e e N c on e Co us e s e Ango E pres P c Son ngo n Co t Intern tion Energ Inc. (Cobalt) have signed a Sale and Purch se Agree ent or Son ngo to acquire all of Cobalt’s 40 percent partic p ting nterest n oc s n offshore or on th n effecti e te o nu r Th s tr ns ction s su ect to custo r Angolan government approvals, which are expected prior to the end of the year.

The S e n Purch se Agree ent proes or s ooth tr ns tion to ne oper tor n un erscores the p rties co t ent to n the n n estment decision for the Cameia developent n oc e r en n or er to e er rst o ro C e n Not thst n ng Co t s continuing as operator for an interim period, all costs going forward will be borne by Sonangol.

Egypt:

The contract scope includes the engineer ng procure ent nst tion n pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including o etres o u c s n kilometres of pipeline.

Engineering and project management work will commence immediately and e un ert en t Su se s o Pro ects Centre n Lon on r c tion of the subsea structures and spools will e c rr e out t the Petro et M yard near Alexandria. ffshore nst tion s sche u e to commence in the second half of 2016 using the Subsea 7 pipelay vessel, Seven ore s n he construction esse Se en Arctic

Tanzania: ISS Awarded Paragon Offshore Project

I

nchcape Shipping Services (ISS) has een ppo nte P r gon ffshore ouston s r ne n og stic ser ces pro er or ne r ng c p gn off the Songo Songo Islands, Tanzania - the rst ne co erc r ng pro ect n Tanzania in a number of years.

ISS is providing a range of services for P r gon ffshore nc u ng u husn r cre og stics s ss st nce and arranging marine and air charters.

A e ng pro er o st n r spec c tion offshore r ng ser ces P r gon ffshore s ep o ng c up r g M on the n ne onth c p gn or P nAfrican Energy Tanzania - the country’s rst n tur g s pro ucer M rr e t the e on o r se su ers e vessel, OHT Falcon to e o te off n p nne to the r ng oc tion ur ng the c p gn M ce r cti e pro uc ng e s to enh nce output and will drill several new wells in the s e e

Subsea 7 awarded contract offshore

S

SA h s een r e US on contr ct P n p rtner DEA, for the development of the T urus n L r su se e s offshore Alexandria, Egypt. The contract is the rst ph se o Eg pt s est N e e t pro ect here e e e op ent e at depths of approximately 800 metres.

10

u se

Tanzania First gas delivery reported from Mnazi

M

Pro n oper tor th percent nterest n Mn Block has reported the opening of two e s n the Mn g s e th t

SPECIAL SUPPLEMENT: Supporting the offshore sector

ure

Pro uction e er to the M process ng centre the entry point of the gas pipeline n ng Mt r to r es S Th s pro uction output n ti e used solely for commissioning operations or the ne TP C ASC c ties but is then expected to ramp up rapidly to 70 million cubic feet per day with the connection o t o tion e s n cto er A pro uction c p c t o 80 million cubic feet per day is expected by the end of the year.

In the ne t e onths M ure Pro n se ho the pro uction output and reservoirs are behaving, and given the encour g ng resu ts ro the M e r e n the rst h o ou e ne n tion pro uction capacity.

Un er the s S es Agree ent s gne on 12 September 2014, for which n nc gu r ntees re no n p ce the s e pr ce h s een set t US per on TU or roun US per thousand cubic feet, rising in line with the US CPI n ustr n e

Tunisia Extension of Permit for Mahdia Licence

C

rc e P c h s een gr nte three year extension on their exploration per t on M h oc offshore Tunisia. Circle Oil, as operator, currently has a 100 percent working interest in the permit.

The M h per t offshore Tun s co ers an area of 3,024 km2, and contains the E Me oun structure h ch s r e C rc e s EM e n August 2014 when the company announced the discovery of notable oil. While mud osses pre ente og t c u s tion Circle considers the shows to indicate a s gn c nt resource ro the structure The extension of the licence carries with t one e p or tion e n one ppraisal well commitment and a requirement to acquire 300 km2 of 3D seismic.

Circle recently announced their intention to see p rtners to e e op the E Me oun structure n other prospects on the permit and report that they have already received expressions of interest in this regard.

Democratic Republic of Congo

Scarabeo 3 semi-submersible drilling rig.

Aquatic awarded a multi-million pound Moho Nord subsea project contract

A e s n offshore e oc te n the estern p rt o N ger n the ho e Basin close to the border with Benin.

The e s s tu te n ter epths ranging from 100 to 1,000 metres about 24 km from the coast.

A

u tic Eng neer ng n Construction Lt n Acteon co p n h s een r e u ti on poun contr ct on the on Moho Nor su se pro ect off the co st o the epu c o Congo est A r c The contract was awarded by a UK-based su contr ctor or ng or Tot E P Congo A u tic s ten onth c p gn portion o se n cto er A u tic supp ree r e s ste s together with a team of supervisors and technicians. They will provide the techn c e pertise n support to operate the equipment hired for the ur tion o the oper tion A u tic e nstru ent n the nst tion o o su se e e p pes n of umbilicals.

The A e e s e ng r e ro se e oc tion c ose to A e n metres water depth. The well will be r e s e te e t rgeting oc tion c ose to the A e su sur ce oc tion here th t e encountere and tested high quality oil-bearing Ceno n n reser o r o o ng r ng the A e e e co p ete s su se o pro uction e The r ng n co p etion or A e s e pecte to t e ppro te s o o ng this the rig will be used to re-enter the e sting A e e to co p ete t s secon su se o pro uction e

The Moho Nor su se eep ter offshore project is located approximately off the co st o Po nte No re n is the latest project being developed in the Moho on o L cense

Inst tion o the pro uction n o o nes u c s n r sers t e p ce n er h ch the PS vessel the Front Puffin will be installed n co ss one Pro uction s e pecte to co ence e r en

Nigeria

The Gambia

Panoro Energy announces spud of Aje-5 production well

P

anoro Energy ASA has commenced on the A e pro uction e on the ML cense offshore N ger The well is being drilled with the Saipem

The Po rcus Lt h s een contracted by the Company to carry out the survey using the Polarcus Alima, an ultra-modern 12 streamer 3D/4D seismic vessel. The survey is expected to t e ppro te s to co p ete n co er out s u re o etres on Er n Energ s A n A blocks.

Kase Lawal, Chairman and CEO of Erin Energ co ente : The c u s tion o 3D seismic data in this emerging West Africa margin basin will provide valuable pre r n or tion th t s e to e uting the e p or tion potenti o these blocks, which are in close proximity to recent offshore Seneg o sco er es Er n Energ s oper tor o the A n A blocks with 100 percent interest. The A n A oc s re oc te ppro te offshore The n re on tren th the recent AN n SNE h roc r on sco er es offshore Senegal by Cairn.

Polarcus Alima, an ultra-modern 12 streamer 3D/4D seismic vessel.

(Photo: Business Wire)

Erin Energy commences 3D seismic acquisition

E

r n Energ Corpor tion through ts su s r C c Energ L te h s co ence the shooting o se s c sur e off the co st o

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CALENDAR

Conferences, Exhibitions, Seminars

CALEN A Harnessing Africa’s Oil & Gas Industry Potential: Overcoming Growth, Financing, Technological and Talent Barriers.

E ENTS:

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th ne ns ghts too s perspecti es n str teg es to he p the n ge n ustr re te ssues n ch enges s the oper te n est n e p n nto the reg on www.s-scg.com/events/oac15

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o n US on cto er es S T n n

FREE SEMINAR

r c s t crossro th reg r to ts n s n ustr uture A nu er o current tren s re po nting to r s p r o c gro th n eter or tion o the n ustr s sust n e gro th n per or nce e sure n ter s o : outputs en ng e n n supp g ps r s ng ue pr ces n short ges n e u te n r structure c ties n pro ess on s sust nt n CS n ge ent ssues const nt sh n n ustr conte t n oper tion co p e ties In tion to r s ng nsecur t co p e sc po c es n regu tor reg es

21-23 September 2015 Maputo, Mozambique

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the SSC The C A r c s to r ct energ e ecuti es o c s pro ess on s spec sts n estors n co p n es ro roun the or n ser es o nter cti e p ne s to scuss the n ustr n sc pe n gro th potenti

The se n r pro e n opportun t or h gh e e go ern ent represent ti es n n ustr pro ess on s to sh re no e ge r se reness n scuss options th t n tur g s offers or sust n e ccess to energ n soc n econo c e e op ent

Presente

The go s o the con erence re to proe p rtic p nts

The se n r ocus on r ous the es o nterest ro g s r et e e opent un ent s nstitution regu tor r e or n nc ng options n ustr n soc e e op ent n the recent or n e o In ti ti e to e uce s r ng ero outine r ng

KFASTS

BREA NETWORKING

Gas African Oil and th u So e th d in Cape Do you atten ing breakfasts rk o w et n ’s ce n pen to Allia hannesburg? O Jo r o n a rb u D Alliance, Town, embers of the -m n o n d n a s of member a wide variety ce u d o tr in s st erthe breakfa ate and consid eb d r fo s ic p to speakers and orer an ideal opp ation – and off ustry. d ork with the in tunity to netw

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22-23 October 2015 Dar es Salaam, Tanzania

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OC Africa 2015 ffshore

Exploring key issues facing East Africa offshore operators.

SPECIAL SUPPLEMENT: Supporting the offshore sector

Se er c se stu es n p ne scuss ons re p nne to sh re est pr ctices n cce er te tr ns er o str teg c co petence The t rget u ence re po c ers n go ern ent e eg tes ro E st n South A r c n represent ti es ro the o n g s n ustr Sp ce s

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ffshore E st A r c Con ention e he on cto er n r es S T n n th the the e Strengthen ng Intern tion Cooper tion n E st A r c s ffshore E P In ustr Th s e r s h gh pro e e ent g ther n ustr pro ess on s ro throughout the energ centres o E st A r c nc u ng T n n en Mo ue en urun n Ug n South Su n n Eg pt Th s nustr e ent e p ore the e ssues th t re c ng the E st A r c oper tors n pr ctitioners ffshore E st A r c Con ention s ti e e ent hen pro uction sh r ng contr cts e ust s gne n uture e e op ent p ns e scusse e ture spe ers n IP guests n te ro go ern ent o c s N Cs I Cs n nners o the offshore ng roun re: T n n Petro eu e e op ent Corpor tion TP C N tion Corpor tion o en N C Petro eu Agenc SA EN Mo ue M n ster o Energ n M nes o urun N ger n Petro eu e e opent Co p n NP C The So Petro eu Corpor tion ph r Energ St to roup En SpA N C An r o She E onMo etc ffshore E st A r c Con ention str es to pro e un ue p or or offshore s p ers to no out the prospects o the reg on r et to enter the E st A r c offshore upstre us ness e oo or r to eeting ou there www.offshoreeastafrica.org

N TE E A IN EATU E E ENTS: P e se note th t nc us on o n e ent con erence or se n r on these p ges oes not constitute n en orse ent or reco en tion the pu shers o th s S E SUPPLEMENT

Content rich opportunity to network and shape the economic future of the continent

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Making North Africa a top investment destination for the global oil and gas community

26-30 October Cape Town, South Africa

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Creating the ideal investment climate to stimulate economic growth and attract the best partners

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Win-win cooperation case studies between NOCs and IOCs

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Country Roundtables: stakeholders from North African countries will discuss energy strategies

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Looking at the long-term benefits of a common market in North Africa for NOCs

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Bringing global best practices for unconventional development to North Africa

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Utilising the most advanced technologies to maximise production of mature fields

22nd Africa Oil Week

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ncluded in the line-up is this year’s 13th Africa Independents Forum 2015, the17th Scramble for Africa: Strategy Briefing, and the four-day 22nd Africa Upstream 2015 format.

The 22nd Africa Oil Week 2015 aims to provide an event of rich-content with highest quality, first-class networking and social interface, and multiple opportunity for all to create and cement relationships that will shape the future for oil and gas in Africa, and the economic future of the Continent.

www.africa-oilweek.com

www.northafricasummit.com

Stimulating growth and investment in the region

Celebrating 20 years in the region.

7-9 December 2015 Algiers, Algeria

North Africa Oil and Gas Summit

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he North Africa Oil & Gas Summit aims to stimulate growth and investments in the region. Through expert speaker presentations, sharing best practice via interactive roundtable and workshop sessions, the Summit facilitates meaningful conversations between the regions key stakeholders to set the scene of the future of the oil and gas industry in the region.

As we move towards its 10th anniversary, the North Africa will once again provide a critical platform to create and develop the partnerships necessary to secure success in the region. From the 7th to the 9th of December, Energy Ministers and the CEOs of national and international oil and gas corporations in Egypt, Algeria, Morocco, Libya, Tunisia and Mauritania will gather in Algiers, once again to discuss upstream opportunities for investment across the region, the latest technologies and financial strategies to support their projects.

A look ahead at the 10th edition:

26 – 28 January 2016 Lagos Nigeria

Offshore West Africa

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ffshore West Africa 2015 brought together a record-breaking attendance of oil & gas professionals, creating a vibrant networking experience, generating new business ventures and initiating further learning opportunities. Providing an exclusive source of information for over the past 19 years, Offshore West Africa 2016 will once again showcase the most innovative technologies and groundbreaking solutions within the deepwater exploration and production industry. Combining both a highquality conference and rich exhibition of services and equipment.

Offshore West Africa offers a unique insight into this exciting and progressive marketplace and including this key industry event as a vital component of your company’s marketing strategy ensures one-on-one access to key industry professionals from around the world, all in one place.

2015 EVENT STATISTICS Î

2,373 Attendees from 35 countries

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390 Attendees to the Opening Plenary Session

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500+ Conference Attendees

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91 percent of attendees surveyed stated that the exhibition met or exceeded expectations

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92 percent of Offshore West Africa 2015 exhibitors established contacts for future sales and improved prospects within the region

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87 percent of attendees think attending Offshore West Africa is important for meeting business objectives

Offshore West Africa features not only a conference and exhibition, but also excellent networking opportunities and as part of the PennWell Corporate Social Responsibility additionally provides a Continuing Professional Development (CPD) conference, supported by the Energy Institute, as well as Youth Engagement Programmes alongside our partners, Lonadek. www.offshorewestafrica.com

SPECIAL SUPPLEMENT: Supporting the offshore sector

13

NEWS

o

Updates from offshore

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14

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pe Ar ture n ng CA h s co e to tr ns or tion n recent nnounce the r Le e EE st tus rectors eorge n N c Epenetos s th t the r o ne e ectr c otor super c t n C pe To n s const nt str ng to pro e the r st tus n h s o e up ro the r pre ous Le e ssess ent ho e he rte co e to South A r c s tr ns or tion gen the rectors s th t t s out cre ting prosper t or South A r c ns h ng c e ecuti e e ersh p n the us ness r ng ng n s s e e op ent t ng p rt n e n ng u o cre tion oo ng er the un er pr ege n so eep ng the est peop e or the r us ness eorge Epenetos co ents: Tr ns or tion s ore sust n e hen there s gro th n co p n ec use t o s ou to e ch nges gro ng our c p c t r ther th n tr ng to cre te ne pos tions th t ou on t nee CA h s recent un ergone str teg c restructur ng n c t te the r recent gro th th ne e e p o ees to the r n ge ent orce CA ere r e the r EE Le e T o r ting EE Ap pro e reg stere u tors Moore Stephens er c tion n Consu ting

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The Corpor tion e p ne th t the o ns ng h ch s the e to sen or n gers ho ere e to retire et een no n ece er s so cost s ng e sure The top n ge ent st ff h s een re uce ro to In re te e e op ent the ne ppo nte roup M n g ng rector E nue I e ch u h s ppo nte ne roup ener M n gers Ms to n so e o ts s ons

McN co h s ser e s sen or p rtner t E M M s or the p st e ght e rs n h s tr ns erre ro u Lu pur to E M C pe To n n ntic p tion o s gn c nt e e op ent n the o n g s sector on the continent

ch u ch E on

En ron ent esources M n ge ent E M s g o pro er o en ron ent he th s et r s soc consu t ng n sust n t ser ces The co p n s co e to pro ng cons stent pro ess on n u t ser ce th t cre tes ue or ts c ents n the n ng o n g s po er nu ctur ng che c n ph r ceutic ports n n r structure sectors

So e o the ne Ms nc u e Me e r Cru e M r et ng s on C M Ah uS o NNPC e Ser ces r Sur een o A o IT SAP u r A u NNPC C p t e Se e or N ger n Petro eu In est ent M n ge ent Ser ces NAPIMS e A to e u n esources s on o n C on o n nce e o u Corpor te P nn ng s on An o r gh Tre sur n h tu M Sh p p ng thers ppo nte re: S ue N u e M Po er M e M Accounts usu M t sh M LN u Su e n M Eng neer ng Techno og n u un etun e M Me c

SPECIAL SUPPLEMENT: Supporting the offshore sector

u s ppo nte N ger s Pres ent Muh uh r n August n s seen s e pos tion n N ger u c tes h s pos tion s e ecuti e ce ch r n o Mo A rc

COMPANY NEWS: appointments || announcements Coena

C

eona has expanded its West African reach after entering into a strategic partnership with Interoil Angola Lda. The partnership will see Interoil Angola, which is a key player in offshore support vessel management in West Africa, support Ceona’s plans to expand into Angola.

Ceona is already active in West Africa through its Ceona-Seaweld joint venture in Ghana as well as the company’s strategic partnership with Marine Platforms Limited in Nigeria.

Bill Hickie, Ceona’s VP Business Development, said: “Interoil Angola is a well-established company and an approved supplier by the major operators in the region. It is also one of the few Angolan organisations that has a licence for vessel management.

Partnering with them enables Ceona to officially enter the Angolan market, where our flagship Ceona Amazon vessel is highly suited for work offshore, and at the same time continue to grow our strong footprint across West Africa.”

Headquartered in Luanda and with a yard in Sonils, Interoil Angola’s core business is managing support vessels in-country. The company, which is registered with Sonan-

gol, offers oil and gas services in strategic alliance with reliable and proven technical partners.

The Ceona Amazon is a powerful, purposebuilt hybrid vessel that can execute complex logistical projects in remote, harsh and deepwater territories. Photo: Ceona Services (UK) Ltd

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NEWS

Updates from offshore

C&N Petroleum Equipment

W

ith plans to expand further into Africa and to stay at the forefront of innovations in the fluid transfer industry, C&N Petroleum Equipment has recently introduced the newly designed and innovative DCB500 Drain Bin to the market.

The DCB500 Drain Bin was designed by C&N Petroleum Equipment for one purpose.

That purpose was to drain loading arms once isolated for maintenance and servicing whilst eliminating spillages on terminals and contributing to a safer work environment.

Another pioneering new product that C&N Petroleum Equipment now has to offer is the C&N Petroleum Equipment branded Matec Composite Hose for marine applications – OIL800 HD. This hose’s construction consists of: High strength polypropylene, polyester films and fabrics and high polyethylene films reinforcement.

The OIL800 – HD hose has a heavy duty construction for the transfer of hydrocarbon conveying under suction pressure and is used for black oils, heavier lubricating products, ship to shore, ship to ship, Dockside and for the most ardours industrial marine applications. The hose is commonly used for all hose loading arms in Bottom Loading Operations.

As the Managing Director and founder, Van Schalkwyk strives to create solutions for the oil and gas industry and has championed the development of C&N Petroleum Equipment as a leader in the supply and servicing of liquid storage to fuel handling, safe product transfer, vapour recovery, loading crude oil, Dock oil suction and delivery and fuel decanting for industries including the Oil & Gas, Mining, Rail, Aviation and Marine Industries.

C&N Petroleum Equipment conforms ISO 9001, ISO 2014, NRCS, SABS, European EN and American API standards.

The Marine Onshore Equipment that C&N Petroleum Equipment includes the following; Marine Loading Arms, Docking Hose, Dry- Disconnect Couplings, Break-Away Valves and Lay Flat Hose. C&N Petroleum Equipment also supplies Marine Offshore Equipment such as Floating Hoses and Safety Break-Away Valves.

16

Sunbird Energy Limited Sunbird Energy Limited has announced a decision to build a stronger management presence in South Africa to support its evolution from a purely upstream, junior exploration company to a gas project development company partnering with PetroSA.

W

hile crucial experience and expertise will continue to be provided from Australia, the shift will help minimise operating costs.

In line with this evolution, Sunbird announces the resignation from the Board of Sunbird of Managing Director Will Barker and Executive Director Andrew Leibovitch, both effective immediately. Their respective resignations from the Board of the Company also coincide with the conclusion of their executive consulting roles.

Given the above resignations, and also the compliance requirement to have two Australian directors on the board, Sunbird has announced the appointment of Gabriel Chiappini to the Board of Sunbird as a nonexecutive director.

Chiappini is a Chartered Accountant with over 20 years of experience as a finance and governance professional. He is a current member of the Australian Institute of Company Directors and Institute of Chartered Accountants (Australia).

The reconstructed Board of Directors of Sunbird is now as follows: Kerwin Rana – Executive Chairman (interim Chief Executive) Dorian Wrigley – Non-Executive Director Gabriel Chiappini - Non-Executive Director Marcus Gracey – Executive Director The company is now also pursuing the appointment of a Chief Executive Officer with global oil and gas project delivery

experience to be based in South Africa.

While this search is being undertaken, Kerwin Rana, the current Executive Chairman of the Company will act as the Company’s interim Chief Executive.

Founding Non-Executive and Independent Director Marcus Gracey, has also agreed to step in as an Executive Director for a short period to provide support and stability, particularly while the company transitions many of its functions to South Africa.

Gracey will assist with change management, corporate logistics and with the execution of near term strategic objectives during this critical period for the Company.

With the momentum building around the IGP development and the maturation of the GSA negotiation with Eskom, Sunbird is also pleased to announce the appointment of Nathan Rayner as Chief Operating Officer.

Rayner has been with Sunbird for just over two years and has a proven track record of delivery in the oil and gas sector having been the former Chief Operating Officer of ASX-listed Dart Energy and holding senior technical roles at Origin Energy Limited, Addax Petroleum Corporation Limited and Arrow Energy Limited. He holds a masters degree in Petroleum Engineering from the University of NSW and a Graduate Certificate in Business Administration from Queensland University of Technology.

JSE Listing Consistent with the Sunbird’s South African operational focus and the transitioning of the majority of its resource base to South Africa, the intention is to activate a process to dual list the shares of the company on the Johannesburg Stock Exchange (JSE).

A relatively new process to undertake this listing will ensure that this process once commenced, should be completed in a relatively short period of time and with minimal spend.

According to a statement issued by Sunbird, the company has received significant enquiries from South African investors who would like to invest.

Superior Energy Services Ehab Farouk has joined Superior Energy Services as Regional Vice President of Middle East/North Africa Services. In his new role, Farouk will enhance the efforts of Superior and its product service lines as the company continues its expansion into the Middle East and North Africa. Prior to joining Superior, Farouk spent his entire 25 year career at Halliburton in various leadership capacities with his most recent as Middle East Senior Regional Manager for Cementing and Production Enhancement. He will be based in Dubai, UAE.

SPECIAL SUPPLEMENT: Supporting the offshore sector

COMPANY NEWS: ppo nt ents e t restructure n ne p c ge

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Sunbird has negotiated a A$4 million debt reconstruction and financing package with Sunbird’s single largest shareholder Umbono Capital and a consortium of South African investors already supporting the company. to e pro

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p n PetroSA s gne et e g s s e gree ent ter sheet th Es o or the supp o on cu c eet o g s per e r or up to e rs to An er g Po er St tion n re no t n nce st ge o the SA negoti tion to n se g s s es gree ent The supp o I hu es g s to An er g o Es o to re se s gn c nt ue cost s ngs h e pro ng ne n genous n c e ner urn ng energ supp to South A r c The success o th s e e op ent n pro ng route to r et or I P s e sting P reser es o c so encour ge urther e p or tion n e e op ent n the r nge s n Sun r s n epen ent e perts esti te th t there s urther Tc o est esti te prospecti e g s resources n the Co p n s Pro uction ght re

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SPECIAL SUPPLEMENT: Supporting the offshore sector

17

NEWS

Updates from offshore

Declining oil prices set to wake up African oil industry A review of Africa’s oil and gas industry undertaken by PwC shows that organisations and governments on the continent can use this opportunity to streamline their position for when the prices start to climb again.

“While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil and gas legislation in order to attract investment into the sector,” says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader.

Countries such as Kenya, South Africa and Tanzania have been taking a serious look at legislation currently in place with a view to making it more investor-friendly.

PwC’s ‘Africa oil & gas review, 2015’ analyses trends in the sector over the last

OPITO

network of OPITO training providers in Africa ANGOLA

CONGO

Operatec Marine & Industrial Training Centre

Servtec

12 months within the major and emerging African markets.

As oil prices declined in 2014, the industry response has been far-reaching with significant reduction in headcount and other cost cutting measures. Capital budgets have also been cut, and frontier exploration activity has decreased.

“While response to such a drastic decline is necessary, we have seen the most successful organisations are taking time to re-set, re-strategise and plan for the upturn in

OPITO is the accepted international body for providing training st across the globe. Most offshore companies require personnel to proved training provider and offshore workers are listed on the O Since publishing the list of OPITO network of training providers in last year, the list has grown with companies now being recognised countries - and the list of courses available on the continent expa EGYPT Maritime Safety Institute

GHANA Petrolift

SMTC Ghana in association with Regional Maritime University

NIGERIA Charkin Maritime and Offshore Safety Centre

Falck Prime Atlantic

BOAT BOSIET BRIDGE BS1 EBS FOET H2S HUET MEMIR MIST OERTM R1 TBOSIET TFOET THUET KEY TO TRAINING COURSES BOAT: Travel Safely by Boat BOSIET: Basic Offshore Safety Induction and Emergency Training BRIDGE: BOSIET Bridging Elements BS1: Banksman and Slinger Training - Stage 1 EBS: Emergency Breathing Systems FOET: Further Offshore Emergency Training H2S: Basic H2S Training

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SPECIAL SUPPLEMENT: Supporting the offshore sector

HUET: Helicopter Underwater Escape Training IMIST: International Minimum Industry Safety Training MEMIR: Major Emergency Management Initial Response Training OERTM: Offshore Emergency Response Team Member R1: Rigger Training - Stage 1 TBOSIET: Tropical Basic Offshore Safety Induction and Emergency Training TFOET: Tropical Further Offshore Emergency Training THUET: Tropical Helicopter Underwater Escape Training

Offsh Traini Safe

93% o respon ents e pect pr ce r nge o US n 2015

pr ces h ch ne t co e A r c shou e no e ception s n o the rontier e p or tion p s e on the conti nent s re enh nn

Cons stent ch enges P C s report h gh ghts th t n o the ch enges enti e n re n con cerns or org n s tions oper ting n the o n g s sectors These nc u e uncert nt n regu tor r e or corruption s e s poor ph s c n r structure

t n r s to the offshore sector e tr ne n PIT p PIT reg ster n our S E SUPPLEMENT n three tion A r c n n e SOUTH AFRICA

hore A r c ng Centre er Tr n ng

Sur ffshore Training

TUNISIA Intern tion Training Centre

90% o

87% o the

2016

2017

respon ents e pect pr ce r nge o US n

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respon ents e pect pr ce r nge o US n

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er percent o org n s tions n c te th t the h e n nti r u n nti corruption progr e n p ce o these ore th n percent e e e th t the progr e s er effecti e t pre enting n or etecting r u n e ght percent o respon ents n c te th t the not h e co p nce progr e er percent o respon ents n c te th t r u n corruption ou h e se ere effect on the r us nesses o ern ent o c s continue to e p c te n nu er o r u u ent cti ties cross the continent ecent rese rch con ucte P C sho s th t r er n procure ent r u re n so e o the top t pes

“While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil and gas legislation in order to attract investment into the sector.�

SPECIAL SUPPLEMENT: Supporting the offshore sector

19

of economic crimes in the broader energy, mining and utilities sectors. Despite pervasive fraud, some governments around the continent have made significant efforts to increase transparency in the industry.

Under the current economic climate, oil and gas companies are looking to increasing production potential through improving efficiencies and operational excellence.

In addition, they are also looking towards exploration and finding new resources as an alternative for sustainability.

A vast majority of respondents (71 percent) reported that they will be looking at formal cost reduction measures in the next

three years. In as much as businesses are considering other measures to ensure their sustainability over and above monetising natural resources, they are also expecting the commodity price to increase in the future. And despite development in renewable and alternative sources of energy across Africa, respondents do not expect demand for these to have a significant impact on oil and gas businesses over the next three years.

Price predictions Organisations expect the Brent crude price spread to shift up over the three-year

FITCH RATINGS

Refining, Gas Prices Temporarily Cushion EMEA Oil Majors

B

ooming refining margins and relatively stable natural gas prices helped cushion major European oil companies’ first-half results against the full impact of low oil prices, Fitch Ratings says.

We expect these factors to become less pronounced in the second half of the year, creating an even tougher macro environment. But industry deflation and cost-cutting should start to have a bigger impact.

Royal Dutch Shell (AA/Rating Watch Negative), Total (AA-/Stable), BP (A/Positive), Eni (A/Stable) and BG (A-/Rating Watch Positive) reported their Q2 results last week. The overall trend is clearly negative due to much lower oil prices, but operating cash flow fell less than oil prices.

On average, the EBITDA of major European oil companies fell by 36 percent year on year, and funds from operations by 34 percent during the first half of this year. This compares to a 47 percent slump in Brent prices, and is broadly in line with expectations. Based on these two metrics, Total and BP were top performers in, while BG and Eni had the worst results. The main reasons were BG’s pure upstream business model, meaning it did not benefit from strong refining margins, and Eni’s weaker downstream results than other integrated companies.

Fitch expects European refining margins to shrink by 2016, and that European natural gas prices will continue to fall, following the oil pattern with several months’ lag.

Capex reduction has been the major anti-crisis measure announced by all major oil companies. Guidance indicates that their 2015 cumulative capex may be around 20% lower than in 2014 and we expect an even bigger fall in 2016 as subcontractor prices are dropping and oil companies should manage to reduce spending further even while maintaining the same level of activities. For example, day rates paid to contractors to operate offshore rigs have fallen by 40 to 50 percent compared to early 2014.

period, although, if it remains within a US$30 band, it will be reasonably consistent. A high 93 percent of respondents expect a price range of US$50 – 80 in 2015; 90 percent of the respondents expect a price range of US$60 – 90 in 2016; and 87 percent of the respondents expect a price range of US$60 – 90 in 2017.

The volatility and, in particular, low oil price have been highlighted as the most important factors affecting the industry, with more than 50% percent of companies expecting price fluctuations to have a high or very severe impact on their businesses.

Respondents are also uncertain about what to expect with acreage/licence acquisition costs. Just over a third believes acreage costs will increase, especially in Kenya and Mozambique. Respondents in developed markets such as Nigeria and Angola expect acreage costs to decrease as potential reserves valuations are affected by the oil price.

Furthermore, the results of the survey show that there is an expectation that the competitive landscape is likely to undergo change, with more than 50 percent of respondents sharing this view.

“The oil price decline, skills shortages and uncertain regulatory frameworks have put the oil and gas industry on the African continent in dire straits. The combined effect of these challenges places an increased burden on exploration activity and economies heavily reliant on oil & gas revenue, which may have far-reaching socio-economic impacts as a result.”

“With activity reduced, this is an ideal time for companies to address the challenges related to doing business in Africa. Strategic planning is required for continued, profitable presence on the continent. The players that emerge when the oil price rebounds are going to be agile engines that are ready to take on the market,” concludes Bredenhann.

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1. Measuring perceptions of maritime reporting 2. Will the Durban (South Africa) dig-out port become a reality?

3. What are Africa’s biggest maritime challenges?

4. What are your views on Operation Phakisa?

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