AFRICA ENERGY INTELLIGENCE n° 341 - 05/03/2003

AFRICA Dr. Total and Mr. Elf When he presented his group's results for 2002 last week, TotalFinaElf boss Thierry Desmaret said his company would be re-named Total in May. (...). [Total : 653 Words]. (8,2USD) 15 15

AFRICA devon acquires ocean energy In buying out Ocean Energy, Devon has won a substantial African portfolio and is expected to resume exploration on its acreage on the continent. (...). [Total : 279 Words]. (4,7USD) ALGERIA Russians Move on Offshore Chairman of Soyuznefte-Gas, Yuri Shafranik, who was Russian energy minister between 1993-96 and then adviser to former Russian president Boris Yeltsin (see P. (...). [Total : 324 Words]. (4,7USD) 15 15 ALGERIA Scramble for ?American? Gas Twelve foreign firms submitted bids for the ?technical? part of the tender for development of the Gassi Touil gas field in the Berkine basin. (...). [Total : 276 Words]. (4,7USD) 15 15 IVORY COAST Civil War Spares Offshore ?The operations of Canadian Natural Resources (CNR) in Ivory Coast haven't been affected by the insurrection in the country,? the Canadian firm declared in announcing its financial results for 2002. (...). [Total : 310 Words]. (4,7USD) 15 NIGERIA Oil Barons Back in Business After a licensing round that lasted for over a year, the Department of Petroleum Resources awarded 24 marginal fields to 31 domestic companies last week. (...). [Total : 432 Words]. (4,7USD) 15 15 SUDAN Petrodar's String of Finds The Petrodar consortium has made a series of discoveries of Sudan's block 7 in recent months. The consortium is made up of Gulf Petroleum, composed of the Sudan's Higleig company and the Qatar Petroleum Company, which holds a 46% stake; China National Petroleum Company (41%); the United Arab Emirates firm Al Thani (5%) and Sudan's state-owned Sudapet (8%). (...). [Total : 221 Words]. (4,7USD) 15 MOZAMBIQUE Branch Lines from Temane Now that the financial package has been put together by Sasol for the gas pipeline between Temane in Mozambique and Secunda in South Africa attention is focussing on the five branch lines that are to fan out from the line to serve various regions in Mozambique. (...). [Total : 185 Words]. (4,7USD) 15 2 ANGOLA $1.15 Billion in Fresh Cash Revealed by Africa Energy Intelligence in its 339th issue, an agreement for an oil-back loan worth $1.15 billion to Sonangol was signed last week. (...). [Total : 321 Words]. (4,7USD) 15 6 NIGERIA Exxon Kicks Off Yoho Located on OML 104 and operated by ExxonMobil that holds a 40% stake alongside NNPC's 60%, the Yoho field began producing last week from a FPSO with a capacity of 90,000 bpd. (...). [Total : 69 Words]. (1,5USD) CONGO - B Race for New Oil-Backed Loans Following the partial failure of Operation Olearius - it involved an oil-backed loan worth $210 million from the KBC Bank and Rand Merchant Bank - the Societe Nationale des Petrole du Congo is going to have to quickly mount a new oil-backed arrangement. (...). [Total : 121 Words]. (1,5USD) ANGOLA ExxonMobil Develops Kizomba B Officially launched last week, the development of the Kizomba B field being carried out by AMEC, Hyundai Heavy Industries and Fluor is targeting production of 250,000 bpd from the Kisanje and Dikanza fields on block 15 starting from 2006. (...). [Total : 85 Words]. (1,5USD)

MOROCCO ABB Plans Pull-Out The highly-indebted Swiss-Swedish consortium is thinking of selling its 50% stake - worth $1.6 billion - in the coal-fired power station at Jorf Lasfar which generates 1,320 MW. (...). [Total : 154 Words]. (4,7USD) 15 MOZAMBIQUE Shadow Boxing over Dam A meeting between Portugal, the main shareholder of Hidroelectrica de Cahora Bassa (HCB), South Africa, the main consumer of the dam's power, and the Mozambique government is due to be held in the Mozambique capital of Maputo this month. (...). [Total : 267 Words]. (4,7USD) 15 GHANA Stalemate for Valco An affiliate of Kaiser Aluminium, the Volta Aluminium Company (Valco) has been trying for years to get the Ghanaian government to renew its power purchase agreement that ran out in 1997. (...). [Total : 176 Words]. (4,7USD) 3 UGANDA Nyagak Finally Launched After being on the boards for years, a project for a tiny, 5 MW hydro-electric power station on the Nyagak river in north west Uganda will finally see the light of day this month. (...). [Total : 172 Words]. (4,7USD) 12

CONGO - B Emmanuel Yoka An increase in the number of law firms working for Congo-B that we revealed in our last issue has gone hand in hand with a mobilization of Congolese insiders intent on stepping up the pace of negotiations with TotalFinaElf. (...). [Total : 168 Words]. (4,7USD) 11 FRANCE/NORWAY Tom Erhet Faced with a sharp drop in its profit last year, a shortfall that led to the dismissal of former chairman Bernard Vossier, the Norwegian group Stolt Offshore has chosen a French national, Tom Erhet, as its new president. (...). [Total : 98 Words]. (4,7USD) ALGERIA/RUSSIA Yuri Shafranik Recently appointed to the board of the Canadian firm First Calgary (see P. 4), Russian businessman Yuri Shafranik is a holdover from the Yeltin era. (...). [Total : 171 Words]. (4,7USD) 15 1 LIBYA/UNITED STATES Lee Kreindler Lawyer for the families of victims of the downing of the Pan Am airliner over Lockerbie and chief go-between in negotiations on compensation for the attack, Lee Kreindler died in late February. (...). [Total : 184 Words]. (4,7USD) SOUTH AFRICA Nora Fakude-Nkuna Named head of Spring Lights Gas, a joint venture formed by Sasol and the black empowerment company Coal Energy Power to sell methane, Nora Fakude-Nkuna is the first black corporate boss in South Africa's armaments branch. (...). [Total : 127 Words]. (4,7USD)

NORTH AFRICA Maghreb & Mediterranean Oil & Gas Global Pacific Partners is organizing a conference in Marrakesh between May 26-28 on the latest oil developments in North Africa (Libya, Tunisia, Morocco and Algeria) but also in Sudan and Mauritania. (...). [Total : 179 Words]. (1,5USD) 15 1 ANGOLA Angola Oil & Gas IBC Energy is organizing a conference in London between June 17-19 on the latest oil developments in Angola. (...). [Total : 32 Words]. (FREE!) 15 2