By Moses Patience Chat
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, according to data from the June 2023 Offshore Rigs Tracker, released on Monday by Hawilti and the Caverton Offshore Support Group Plc.
Nigeria lost its position as a top African oil producer several times as a result of repeated crude theft and pipeline vandalism but is now showing signs of recovery, going by the recent monthly oil production figures released by the Organisation of Petroleum Exporting Countries (OPEC).
However, the report explained that activities are likely to remain higher in Angola as most drilling campaigns there are confirmed until the second half of 2024 already to support exploratory, infill, and development drilling.
It added that several of the oil rigs mobilized offshore Nigeria have been extended, including the Valaris DS-10 for Shell, and Shelf Drillings Baltic and Mentor Rigs for TotalEnergies and First E&P respectively.
In addition, the report stated that Shell Drilling had also secured new contracts for the Adriatic I and the Scepter units which were providing a boost to Nigeria’s offshore drilling activities.
According to the report, the former is for drilling on Oriental Energy Resources Ebok Field scheduled between May and August this year, while the latter is for a much longer, two-year contract for an undisclosed operator.
The report noted that Nigeria will see a total of eight offshore drilling campaigns take place this year at any point in time, putting it at the same level as Angola.
It said that Angola had long held the position of top drilling destination on the continent as international oil companies had several rigs mobilized on long-term contracts there to support infill, development, and exploratory drilling in deep water noting that the recovery of Nigeria’s offshore drilling activity is welcome news as the industry continues to be a main driver of the Nigerian economy.
” This is in turn providing unique opportunities for aviation services providers to pursue growth opportunities and provide safe and sustainable solutions to transport workers and equipment to offshore drilling rigs and platforms.
“Such market activity also contributes to the development of other sectors such as search and rescue, VIP transport, and executive charter services,” Captian Ibrahim Bello the Managing Director (MD) at Caverton Helicopters said.
The report further stated that Africa’s offshore rigs count had kept growing since the start of 2023, with 38 drilling rigs contracted this year so far.
It stated that recent contract extensions and new contract awards had confirmed 2023 as one of the biggest years for offshore drilling activity on the continent in a decade.
The French oil major, TotalEnergies, according to the report, was the most active operator offshore Africa this year, with a total of eight rigs mobilized throughout 2023, including three in Angola, two in Nigeria, two in Namibia, and one in West Africa whose destination was yet to be disclosed.
“In Nigeria, TotalEnergies has also drilled the Ntokon Central shallow water prospect on OML 102, where it recently announced a significant discovery.
“More importantly, it is executing a multi-well deep-water campaign on its Egina and Akpo hubs within OML 130. Egina is notably experiencing a rapid production decline which the drilling campaign seeks to address. Up to nine wells are scheduled on both Egina and Akpo, including potential exploratory drilling of nearby prospects,” the report stated.