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PES International News (cont.) a second deal, Statoil has acquired a 90% operated interest in the East Algoa permit (ER 12/3/257) from OK Energy, which retains 10%. The block spans some 9,300 sq km and is also undrilled. Nick Maden, senior vice president for exploration in the southern hemisphere at Statoil, commented, “This is in line with our global exploration strategy of early access in basins with high potential”. Both permits are located in frontier areas that were covered by the 78,000 line km airborne gravity and magnetic data acquisition conducted by CGG over the Eastern Margin in 2016/2017. UGANDA The first production sharing agreement resulting from the 20152016 licensing round was signed in Kampala on 14 September 2017. Australia’s Armour Energy was formally granted the Kanywataba block at the southern end of Lake Albert. The Ministry of Energy and Mineral Development received a total of seven bids for the six blocks on offer. Other than Armour Energy,

three Nigerian companies emerged as winners. The Kanywataba block covers 344 sq km, encompassing one single well drilled by CNOOC in 2012 and abandoned as a dry hole. Under the terms of an agreement between Armour and DGR Global, the licence is planned to be placed into a Specific Project Company (SPC), subject to government approval. Armour will retain a 16.82% interest in the lease, while DGR Global will meet all tenement expenditure and work commitments for the first two-year period, which will involve geological works, reprocessing and the acquisition of 100 km of 2D seismic data. Seven prospects have been identified so far, with total best oil resource potential of some 800 MMbbl. UZBEKISTAN The Southwest Gissar project in the Kashkadarya region has reached a new milestone, with Lukoil launching the second train of the Jarkuduk integrated gas processing facility. This equipment enables the company to achieve its planned

maximum production capacity of 4.8 Bcm of gas per year (450 MMcf/d). For comparison, 1.435 Bcm (135 MMcf/d) were produced at Southwest Gissar in 2016. The project comprises the Adamtash, Jarkuduk-Yangi Kyzylcha, Gumbulak, Amanata and Pachkamar gas-condensate fields, as well as the Kyzylbayrak Janubiy oil, gas and condensate field and the Koshkuduk oil field. Further resources were added in 2010 and 2012, with the discovery of Kyzylbayrak Southeast and Shurdaryo, respectively. The 36year Production Sharing Agreement became effective in April 2007 and while the early gas phase was launched in December 2011, the full development scheme started to be implemented in 2013. Today, 37 wells are producing and gas is mainly supplied to China.

PESGB International News is sponsored by IHS Markit. For further information please contact Tiziana Luzzi Arbouille: tiziana. luzzi@ihsmarkit.com

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