Maersk wins Mooring System contract on Kome-Kribi 1 FSO in Cameroon

Maersk Supply Service has just been awarded a contract by the Cameroon Oil Transportation Company (COTCO) for Phase 2 of the mooring system maintenance project on the Kome-Kribi 1 FSO (Kome-Kribi 1 Marine Terminal) offshore Douala. The marine terminal forms the last part of the 1,070km Chad-Cameroon Oil Export Pipeline that evacuates Chad’s oil to global markets. 

Under the project, Maersk Supply Service will replace two link arms on a yoke mooring system on the Kome-Kribi 1 Marine Termina. This notably follows Phase 1 of the project, during which Maersk Supply Service had already carried out the design, engineering, procurement and installation of a temporary redundancy system.

The contract comprises of the full project management and engineering and the two-month offshore operations, which are scheduled to commence in Q4 2022. They will require an I-class Subsea Support Vessel (SSV) from the Maersk Supply Service fleet, as well as two Anchor Handling Tug Supply (AHTS) vessels, which will also be employed for station keeping of the FSO.

Despite being under-utilised, the Chad-Cameroon Pipeline continues to generate revenue for the State of Cameroon with transit fees standing at FCFA 11.59bn ($21m) between January and April 2021.

Details on the Chad-Cameroon Petroleum Development and Pipeline Project are available in the “Projects” section within your Hawilti+ research terminal.

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Amethis successfully exits Burkina Faso’s leading LPG distributor

Following its investment in Burkina Faso’s leading LPG distributor Sodigaz APC in 2017, Amethis has just sold its 22% stake in the company to African Infrastructure Investment Managers (AIIM). Over the years, Sodigaz has built a 60% market share of Burkina Faso’s LPG distribution market and currently relies on a network of 2,200 gas resellers. Since its beginning in 1977, the company has grown to a 780-employee structure known for its commitment to gender equality. The entry of AIIM into Sodigaz’ capital takes place as West Africa’s LPG market experiences significant growth. As a result, the company has recorded an annual growth rate of over 14% over the past four years and expanded into neighbouring countries such as Benin. As West Africa’s middle class expands and governments seek to fight deforestation and promote public health, the demand for a clean cooking fuel such as LPG is on the rise. This is a trend that applies to the rest of the region and is increasingly generating the interest of investors, especially private equity players. Earlier this year for instance, Investisseurs & Partenaires’ fund I&P Afrique Entrepreneurs 2 made a $3m equity investment in XpressGas, Ghana’s fastest growing LPG distributor.

BOURBON selected to support Shell’s exploration campaign in Africa

BOURBON has announced that it has been selected by Shell to provide fully integrated logistics solutions to support its upcoming deepwater offshore exploration campaigns in Namibia and Sao Tomé. Last month, Shell had selected the Valaris DS-10 drillship to drill in PEL 39 offshore Namibia and Block 6 in Sao Tomé. BOURBON’s package contract includes international freight forwarding, integrated logistics services and PSV (Platform Supply Vessel) services to support the drilling of both exploratory wells. The scope of work notably includes the international shipment and clearance of Shell’s and its subcontractors’ equipment from Houston to Walvis Bay; the management of the logistics base and associated services; and the provision of three Platform Supply Vessels: two PX105 and one P105. BOURBON will provide Integrated Logistics services through its local branch “Bourbon Logistics Namibia” with its strong and well-established local partner “Logistics Support Services” (LSS), the company explained in a statement this week.