Energy, Oil & Gas news in brief
Bell Geospace has won another contract with RakGas to acquire just less than 15,000 line kilometres of airborne survey data. The contract will see Bell Geospace fly FTG and Magnetics surveys in Zanzibar.
With its strength and track record in high-resolution gravity technology, Bell Geospace will bring a range of expert services to this new project. The outcome of the surveys will enable RakGas in its exploration efforts in this region and bring understanding of the complex sub-surface geology of these areas.
READ Cased Hole (READ) has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions. This valuable split award for READ will include the processing and analysis of cased hole logging data in high temperature high pressure operations through the company’s unique HPHT calliper and multi-functional memory logging system, ZeroTime which will allow Shell to record fluid temperature, pressure, gamma ray and CCL response in conjunction with mechanical intervention operations.
Peat to power project
A $350 million deal to finance an 80 megawatt (MW) peat to power project in Rwanda, which will improve access to electricity for the three quarters of the country’s population that is currently off the grid, has reached financial close.
The Africa Finance Corporation is the Mandated Lead Arranger for the project debt, and has successfully arranged total senior debt facilities of $245 million, contributing $75 million in loans and providing an underwriting commitment of $35 million.
The plant is being constructed in the Mamba Sector of Gisagara District, and is expected to be completed within three years.