Sahara Group, one in every of Africa’s main power and infrastructure conglomerates, has introduced plans to ramp up its upstream crude oil manufacturing to 350,000 barrels per day (bbl/d) throughout the subsequent 5 years.
This progress might be pushed by a serious improve of our exploration and manufacturing providers, enhanced execution capability, and the acquisition of seven brand-new rigs to speed up and enhance manufacturing effectivity, Leste Aihevba, Chief Technical Officer, Asharami Power, a Sahara Group Upstream Firm mentioned.
Aihevba made this disclosure whereas addressing traders and stakeholders throughout a strategic assembly on the sidelines of the not too long ago concluded Africa Power Week in Cape City.
He emphasised the crucial function of native collaboration and regional cooperation in positioning Africa as a world power chief.
“The journey in direction of a safe and sustainable power future for Africa can’t be travelled in silos.
“Each refinery improve, each gasoline commercialization challenge, each energy reform and neighborhood wealth accretion initiative should be a part of a broader continental blueprint.” Aihevba mentioned,
Aihevba mentioned Sahara’s large infrastructure drive is remodeling its operations and boosting capability and international competitiveness in Africa’s power sector. “At Sahara Group, we proceed to put money into the infrastructure wanted to responsibly unlock Africa’s assets throughout our upstream, midstream, energy and infrastructure companies, overlaying the complete worth chain”, he acknowledged.
“We now have expanded our reserves growth and manufacturing capability with the acquisition of seven rigs for each drilling and workover. This daring and strategic drive additionally enhances our efforts geared in direction of accelerating the tempo from exploration to manufacturing, enhancing native content material participation, and guaranteeing Africa effectively develops the reserves that may energy the continent’s progress and power future,” he mentioned.
Sahara acquires seven new oil rigs
The corporate mentioned it has acquired seven extra oil rigs to reinforce exploration and manufacturing capability throughout its property in Nigeria and different key places the place it operates.
This rig acquisition, Aihebva famous, is central to Sahara’s plan to spice up its manufacturing to no less than 350,000 bbl/d of oil and 1,000,000 MMScf/d of gasoline in Nigeria throughout the subsequent 5 years.
“Two of the seven new rigs are already within the nation, with one other two anticipated to reach earlier than year-end. Our upstream operations are anchored on a sturdy shared prosperity method, which recognises our host communities and authorities as companions, collaborating in direction of turning into regionally competent and globally aggressive in bringing power to life responsibly.”
Aihevba highlighted that these investments are already yielding outcomes, noting that one of many rigs, the state-of-the-art 2000 HP Land rig named L-Buba, has efficiently commenced operations by spudding a gasoline growth effectively in one in every of Sahara’s fields, with the second rig presently being mobilised to the location to spud an oil growth effectively, and different rigs to observe quickly. The rigs might be managed by Arahas World Oilfield Providers, a Sahara Group firm.
“By matching our investments in infrastructure with growth and deployment of outstanding human capital, fostering cross-border partnerships, localizing international technical experience, and expertise adoption, we’re making marked contributions to the rising efforts in direction of accelerating Africa’s power transition whereas guaranteeing no neighborhood is left behind.”
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