{"id":14411,"date":"2024-07-17T10:32:07","date_gmt":"2024-07-17T10:32:07","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14411"},"modified":"2024-07-17T10:32:07","modified_gmt":"2024-07-17T10:32:07","slug":"angola-vallourec-wins-a-major-order-from-totalenergies","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/angola-vallourec-wins-a-major-order-from-totalenergies\/","title":{"rendered":"ANGOLA: Vallourec wins a major order from TotalEnergies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Operations and Financial Update<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Afentra plc, the upstream oil and gas company focused on acquiring production and development assets in Africa, provides the following update for the 6 months ending 30 June 2024:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Angolan Acquisitions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company completed the Azule Acquisition in May 2024 for a net consideration of $28.4 million and inherited a crude oil stock of 480,000 barrels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Onshore License Award<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following the announcement by ANPG, which confirmed Afentra as preferred bidder for a 45% non-operated interest in both KON 15 and KON 19 onshore Angola, the Company has made good progress. The KON 19 contract was formally approved and awarded by Presidential Decree on 05 July. Contract discussions on KON 15 continue to make progress.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Operational Summary<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross average combined production for the period to the end of June 2024 for both Block 3\/05 and 3\/05A was 22,686&nbsp;bopd (Net: B3\/05 6,411&nbsp;bopd; B3\/05A 281 bopd).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Field Operations progressed in 1H 2024:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">o&nbsp;&nbsp;15 LWI&#8217;s were completed delivering an overall 2,500 bopd increase to field potential, a further campaign of up to 20 LWI&#8217;s commenced at the end of June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">o&nbsp;&nbsp;Water injection remains a key priority with a peak injection rates of around 60,000 bwipd achieved in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">o&nbsp;&nbsp;Upgrade works on the power systems ongoing to maintain water injection rates on a consistent basis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">o&nbsp;&nbsp;Planning for future workovers, ESP installations and selection of drilling candidate continues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">o&nbsp;&nbsp;Preparations continue for the extended shutdown planed for September 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the update, CEO Paul McDade said:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8220;The mid-year revenue demonstrates the strong cash flow profile of the assets that we have acquired in Angola.&nbsp; We are very pleased with the latest lifting as it strengthens our financial position and provides a platform for further growth.&nbsp; Our liquidity position will be further strengthened by the next scheduled lifting which we expect to occur in August, and we have taken measures to mitigate downside risk through our hedging policy.&nbsp; We are pleased to report on steady operational progress at 3\/05 as the field responds positively to the optimisation activities and we hope to maintain this momentum through the second half of the year and beyond. Finally we are delighted to announce the award of the Kwanza onshore license KON 19, a further demonstration of our successful efforts to expand our business in Angola.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operations and Financial Update Afentra plc, the upstream oil and gas company focused on acquiring production and development assets in Africa, provides the following update for the 6 months ending &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/angola-vallourec-wins-a-major-order-from-totalenergies\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[9279,160,7458,11610,11609,11608,9339,4176],"class_list":["post-14411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-afentra","tag-angola","tag-anpg","tag-azule","tag-kon-15","tag-kon-19","tag-totalenergies","tag-vallourec","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Kr","jetpack-related-posts":[{"id":14172,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-serinus-energy-afentra-selected-as-a-preferred-bidders-in-2023-onshore-bid-round\/","url_meta":{"origin":14411,"position":0},"title":"ANGOLA: Serinus Energy &#038; Afentra Selected as a Preferred Bidders in 2023 Onshore Bid\u00a0Round","author":"","date":"January 23, 2024","format":false,"excerpt":"Serinus Energy notes that it has been selected as a preferred bidder on the KON-13 block in the onshore Kwanza basin in the Republic of Angola. Formal notification of this preferred bidder status is expected to be received from the Ag\u00eancia Nacional De Petr\u00f3leo, G\u00e1s E Biocombust\u00edveis (ANPG) in the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Angola-Licence-Areas-Map-2023.jpg?fit=1200%2C1057&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10909,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-anpg-announces-the-2020-bidding-blocks-winners\/","url_meta":{"origin":14411,"position":1},"title":"ANGOLA: ANPG Announces the 2020 Bidding Blocks Winners","author":"","date":"September 27, 2021","format":false,"excerpt":"The National Agency for Petroleum, Gas and Biofuels (ANPG), acting as a National Concessionaire, pursuant to Decree No. 86\/18, of 2 April, which establishes the Rules and Procedures for Tenders for the Acquisition of Member Status of the National Concessionaire and for the Contracting of Goods and Services in the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Angola-Blocks-2020.jpg?fit=901%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15192,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afentra-signs-hot-with-anpg-for-the-risk-service-contract-for-offshore-block-3-24\/","url_meta":{"origin":14411,"position":2},"title":"Afentra Signs HoT with ANPG for the Risk Service Contract for offshore Block 3\/24","author":"","date":"September 5, 2025","format":false,"excerpt":"Afentra has announced that it has signed Heads of Terms with\u00a0Angola's\u00a0National Agency of Petroleum, Gas and Biofuels (ANPG) for the Risk Service Contract (RSC) for offshore Block 3\/24, located adjacent to its existing Block 3\/05 & 5A interests in\u00a0Angola. The formal award of the license is expected in the coming\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12966,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-afentra-expects-entry-into-angola-in-early-2023\/","url_meta":{"origin":14411,"position":3},"title":"ANGOLA:  Afentra Expects Entry into Angola in Early 2023","author":"","date":"December 14, 2022","format":false,"excerpt":"Afentra says it remains in discussion with all relevant parties and is continuing to make good progress on the transaction to purchase non-operating interests in Block 3\/05 (20%) and Block 23 (40%), offshore Angola.\u00a0 An important CP for the transaction is the PSA extension process; ANPG and the Block 3\/05\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Angola-Block-3-05.png?fit=596%2C584&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12512,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-eni-announces-the-completion-of-negotiations-to-start-up-new-gas-consortium\/","url_meta":{"origin":14411,"position":4},"title":"ANGOLA: Eni announces the completion of negotiations to start up New Gas Consortium","author":"","date":"July 28, 2022","format":false,"excerpt":"Eni and its Partners in the New Gas Consortium (NGC), Chevron\u2019s affiliate in Angola Cabinda Gulf Oil Company Limited (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola\u2019s National Agency for Oil, Gas and Biofuels ANPG, are pleased to announce that the Final Investment Decision (FID) for the development of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Angola-terrestrial-bassins.jpg?fit=1200%2C492&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Angola-terrestrial-bassins.jpg?fit=1200%2C492&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Angola-terrestrial-bassins.jpg?fit=1200%2C492&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Angola-terrestrial-bassins.jpg?fit=1200%2C492&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Angola-terrestrial-bassins.jpg?fit=1200%2C492&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":15281,"url":"https:\/\/www.oilnewskenya.com\/index.php\/angola-afentra-receives-approval-of-block-3-24-license\/","url_meta":{"origin":14411,"position":5},"title":"ANGOLA: Afentra Receives Approval of Block 3\/24 License","author":"","date":"October 15, 2025","format":false,"excerpt":"Afentra announces that\u00a0the Risk Service Contract (RSC) for offshore Block 3\/24 has been formally approved by Presidential Decree. This follows the Company's announcement on 4 September 2025 confirming the signing of Heads of Terms with Angola's National Agency of Petroleum, Gas and Biofuels (ANPG). Block 3\/24 is located adjacent to\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/10\/Angola-Block-3-24.png?fit=412%2C528&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14411"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14411\/revisions"}],"predecessor-version":[{"id":14413,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14411\/revisions\/14413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14412"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}