GE Bags Causeway Development Deal

- GE Bags Causeway Development Deal

Tuesday, September 06, 2011
GE O&G

Reinforcing its position as a leading supplier of subsea technology for North Sea oilfield projects, GE Oil & Gas announced at Offshore Europe 2011 that it will provide subsea production equipment to Valiant Causeway Ltd. for the development of the Causeway Field.

GE will supply two subsea production trees, one subsea water injection tree system, rental tooling and installation services for the project, located in the northern sector of the North Sea. The equipment will be manufactured at GE Oil & Gas facilities in Aberdeen, Scotland.

"We are committed to commence production in the second half of 2012, and installation of the subsea tree system is planned to begin in May of 2012," said Bryan Atchison, project manager of Valiant Causeway. "This is a very aggressive schedule and a close working relationship has been established between GE and Valiant to ensure that we are able to meet all of the project requirements."

The Causeway Field is being developed using subsea production technology with a tie-back to the existing North Cormorant Platform. The reservoir development strategy is to maintain production with the use of electrical submersible pumps (ESPs) and water injection. The Causeway Field will comprise one oil-producing well, one contingent oil-producing well and one water-injection well.

"This contract demonstrates GE's strong position and ability to provide reliable technology that is designed to facilitate the installation process," said Matt Corbin, regional leader—United Kingdom and continental Europe for GE Oil & Gas. "Our subsea tree systems are based on extensive field experience and feature well-proven interfaces with the power cables and dual ESPs to be installed in the wells."

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JGC Bags Major EPC Contract for Bir Seba Field in Algeria

- JGC Bags Major EPC Contract for Bir Seba Field in Algeria

Wednesday, August 31, 2011
JGC Corp.

JGC and its subsidiary JGC Algeria Ltd. have been awarded the engineering, procurement and construction (EPC) services contract for the Bir Seba Field Development Project by Groupement Bir Seba, comprising Sonatrach, the Algerian state-owned oil and gas company, Petrovietnam Exploration Production Corporation (PVEP), and PTT Exploration and Production Algeria (PTTEP). Participating interests in Groupement Bir Seba are 25%, 40%, and 35%, respectively.

The Bir Seba Field Development Project, located in an inland and desert area 130 kilometers north east of Hassi Messaoud, calls for construction of a gathering system from 16 productive wells, crude oil processing facilities (20,000 bpd), and oil & gas export pipelines.

The lump-sum turnkey contract has a value of more than US $400 million and calls for Project completion in the first half of 2014.

With the award of the Bir Seba Field Development Project, JGC will be collaborating with JGC Algeria for the fourth time on an EPC project. Moreover, this Project will strengthen JGC Algeria's project execution capabilities.

JGC was awarded the contract for an oil refinery construction project in Arzew in 1969. Since then, the company has accumulated a long and impressive track record of hydrocarbon projects for Sonatrach and other foreign companies. JGC is currently executing three consecutive EPC projects in Algeria: gas and oil separation facilities in the Rhourde Nouss field (awarded in 2008); gas processing facilities in the Gassi Touil field (awarded in 2009); and gas compressors in the In Amenas field (awarded in 2011).

One of the goals set forth in JGC Group's "New Horizon 2015" five-year management plan is the strengthening and expansion of the Group's overseas subsidiaries. As a vastly experienced engineering and construction company in possession of the latest technologies, JGC, together with JGC Algeria, will continue to vigorously promote sales activities aimed at expanding its business opportunities in Algeria.

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Cougar O&G Bags Additional Leases in Alberta Land Sale

- Cougar O&G Bags Additional Leases in Alberta Land Sale

Monday, August 29, 2011
Cougar O&G Canada Inc.

Cougar O&G has acquired an additional 3 sections of land (1920 acres) at an Alberta Provincial Government land sale on Wednesday August 25, 2011.

These lands are on the southern boundary of lands we acquired in July of 2010 and the 3D seismic program conducted in early 2011. We believe there are extensions of reserves identified in the seismic and the Reserves Assessment and Evaluation of the new or previously unevaluated Trout Core oil properties of Cougar, released on July 14, 2011.

That review completed based on existing information in the public domain coupled with the extensive Cougar 3D seismic program placed a $77.4 million Cdn Net Present Value (NPV) discounted 10% for Proven (P1) plus Probable (P2) plus Possible (P3) and an estimated 2.7 million barrels recoverable P1+P2+P3 from the project. The report is based on a previously announced logical development plan with a 2-4 well drill program to be followed up with a 4-6 well program. Those programs are dependent upon financing.

William Tighe, CEO of Cougar provided, "We are pleased with the extension of the lands acquired based on the geological analysis with extensions of structures identified in the 3D seismic. Despite challenges from the horizontal well inconclusive results due to insufficient pumping capability with the equipment currently available to properly test that well, the continued Rainbow Pipeline shut in since late April and the resulting need to truck our oil to markets in a 12hr round trip per load often in inclement weather and at discounts to contract prices, the Slave Lake area wild fires in early May, during which the focus was to keep all the wells producing, - we in addition have kept the projects moving forward wherever possible.

The drilling program, as a drill ready program which is subject to financing, is ready to move forward as soon as financing is sourced. The engineering report identifies this project has the potential to add revenue, estimated cash flow with pay outs on the capital program in the 130 day range, and add substantial proven reserves once the wells have been producing for 6 months, while continuing our goal of attaining 2000 bbl/d production from operations."

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KBR Bags Hyundai Gig for BP Quad 204 Proj.

- KBR Bags Hyundai Gig for BP Quad 204 Proj.

Friday, August 26, 2011
KBR Inc.

KBR has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) Project to be located west of Shetland Isles in UK waters.

The Quad 204 FPSO will be designed to meet the strict safety and environmental regulations for harsh weather operations. KBR has been involved in the Quad 204 Project since 2008, when work started on the select and define engineering of the FPSO. Services for the Quad 204 Project will be provided through KBR's offices in Singapore and Jakarta, Indonesia. This award follows the recent announcement by BP and its co-venturers, to progress with a major re-development of the Schiehallion and Loyal oil fields.

"This award follows on from the successful performances by KBR on BP offshore projects in the North Sea, Caspian Sea and West Africa thus solidifying KBR's position as a leading contractor," said Dennis Calton, President, KBR Oil & Gas. "We are proud of the long-standing relationship KBR has developed with BP and our growing relationship with Hyundai Heavy Industries."

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Technip Bags Gig at Anadarko's Lucius Field

- Technip Bags Gig at Anadarko's Lucius Field

Friday, August 19, 2011
Technip

Anadarko has issued a Letter of Intent to Technip for the engineering, construction and transport of a 23,000 ton Truss Spar hull for their Lucius field development. This field is located in approximately 7,100 feet (2,165 meters) of water, in the US Gulf of Mexico.

This Letter of Intent allows Technip to begin preliminary work on the project including purchase of long lead items for the hull in advance of the planned sanction date of December 2011.

The Lucius Spar will have a capacity of more than 80,000 barrels of oil and 450 million cubic feet of natural gas per day.

Technip's operating center in Houston, Texas, will provide the overall project management. The detailed hull design and fabrication will be carried out by Technip's yard in Pori (Finland), where most of the previous Technip Spar projects have been manufactured.

This Spar will be the fifteenth delivered by Technip (out of eighteen worldwide) and thus demonstrates both the leadership of the Group for this kind of floating platform and its ability to tackle ultra deep water developments. It also confirms the Pori yard track record expertise and great capabilities to deliver state-of-the-art platforms.

First oil is scheduled for 2014.

The Lucius Spar will be jointly owned by Anadarko (35%), Plains E&P (23.3%), ExxonMobil (15%), Apache (11.7%), Petrobras (9.6%) and Eni (5.4%).

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Velocious Bags Gorgon Gig

- Velocious Bags Gorgon Gig

Friday, August 05, 2011
Velocious

Velocious has secured a contract to deliver intricate tooling components and associated services for use in subsea work on the Chevron-operated Gorgon Project off the north-west coast of Australia.

Velocious is currently designing and fabricating Buckle Initiation components and tooling which will become an integral part of the Project's offshore operations and subsea pipeline buckle mitigation methodology. Velocious is also providing other hardware and onshore services for Gorgon.

The work is split between delivering directly to the Gorgon Project and to contractor DOF Subsea which has subcontracted considerable scope to Velocious.

The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47 percent), ExxonMobil (25 percent) and Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).

It is one of the world's largest natural gas projects and the largest single resource natural gas project in Australia's history, containing resources of about 40 trillion cubic feet of gas.

Velocious CEO Brett Silich said the contract represented a major breakthrough for Velocious, which specializes in providing innovative subsea engineering products and services.

"Our appointment reflects an ongoing commitment to product development and innovation to meet the subsea engineering requirements of major international clients," Mr. Silich said.

"Chevron has presented our business with an opportunity to play a role in its flagship Asia Pacific project. The agreement forms the next stage of a professional relationship, but the onus is now on us to continue to offer innovative, high quality solutions as the Gorgon Project progresses."

"Chevron was prepared to give our local content services a genuine chance and the results have been great for both parties," Mr. Silich said.

"We worked closely with them on some challenging development work for the Gorgon Project subsea pipelines and, within that successful process, they identified us as worthy of showcasing to the wider oil and gas community.

"The whole experience has been an integral part of our development and we remain extremely grateful for the opportunity presented to us."

Velocious continues to step out from the crowd and apply the latest and greatest technology to overhaul traditional ways to solve subsea problems. The company has taken on some incredibly complex subsea challenges against tight deadlines and the results have been spectacular.

The company strives to convince clients that departure from the many established and often dated subsea industry norms can bring rich rewards.

In response to internal and client demand for appropriately skilled people, Velocious has also established a dedicated personnel wing and using its most experienced oil and gas specialists to train and develop local employees from scratch.

"We are living proof that with the right people and motivation to succeed local content can compete with the best and win," Personnel Recruitment Director Rob Gallacher said.

"Aggressive major project schedules mean local companies must rapidly develop skills and capability to ensure current capability isn't considered a long-term issue that can only be solved by using non Australian options."

Velocious has already established a WA graduate assistance program and expects the first related thesis outputs targeting remotely dredging subsea sediments and closed loop torque verification and control to be completed in the very near future.

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Danos & Curole Bags Multi-Million Dollar Contract for Chevron Liberia

- Danos & Curole Bags Multi-Million Dollar Contract for Chevron Liberia

Wednesday, July 27, 2011
Danos & Curole

Danos & Curole was awarded a multi-million dollar contract from Chevron Liberia to provide drilling support services in Liberia, West Africa.

Danos & Curole's consultant service business will carry out preparation work for exploratory drilling activities off the coast of Liberia for Chevron Liberia and will participate in performing the operations in the first deepwater well in the 4th quarter of 2011.

Executive Vice President, Eric Danos commented, "Danos & Curole is excited to build on its long time partnership with Chevron to explore Liberia. Our focus has been on innovating ways to improve the safety and quality of our services throughout the world, and we believe our
success is recognized through additional opportunities such as this one."

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OCS Group Bags Commissioning Service Contract for Drillship DDD

- OCS Group Bags Commissioning Service Contract for Drillship DDD

Friday, July 22, 2011
The OCS Group

The OCS Group has signed a definitive agreement with COSCO Dalian to supervise and manage the commissioning of the drillship Dalian Developer (DDD).

The Dalian Developer is a 6th Generation ultra-deepwater drillship and will be the world's largest drillship. With a maximum drilling depth of 30,000 ft, the drillship is designed to drill in the water depths up to 10,000 ft. The vessel will be upgradeable for enhanced well intervention capabilities, extended well testing and early field production with 1 million barrels of crude oil storage capacity.

"We are very pleased that COSCO shipyard decided to work with our company for their first drillship project," said Mr. Mark Tranfield, Managing Director of the OCS Group. "This is the third commissioning service contract we have signed in China within two years and we are very keen to continue working for shipyards and other clients in China."

The OCS Group will be assisting COSCO shipyard in giving technical advice as well as developing the commissioning procedures, schedule and philosophy, coordination and communication of the commissioning activities with the shipyard, mechanical completions and handover of documentation. Throughout the DDD project, OCS will also provide its in-house project management software (CMS), Project-TracTM, in order to assist the shipyard in facilitating the commissioning process of the project including planning, scheduling, cost control, reporting, and quality management.

The contract with COSCO shipyard became effective on 20th June 2011 and the vessel is expected to be delivered to the buyer in the third quarter of 2012, according to COSCO Corporation (Singapore) Limited.

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Aker Bags Umbilical Gig for Endeavour's E. Rochelle Proj.

- Aker Bags Umbilical Gig for Endeavour's E. Rochelle Proj.

Thursday, July 21, 2011
Aker Solutions

Aker Solutions has signed a contract with Endeavour Energy UK, a subsidiary of Endeavour International Corporation, to supply subsea umbilicals and associated equipment for the East Rochelle development project located offshore UK. The contract value is approximately NOK 83 million (USD 15 million).

Aker Solutions will supply one 30 kilometer infield control umbilical and one 650 meter riser umbilical that will provide all system functions for the Rochelle field. Subsea umbilicals are deployed on the seabed to supply necessary control and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control.

The East Rochelle development project comprises of block 15/27 in the Central North Sea, and represents the first phase of the development of the Rochelle area. Endeavour is the operator of East Rochelle.

"We are very pleased to sign our first contract with Endeavour Energy UK. This is an important award for Aker Solutions and confirms our strong position in the umbilical market globally," said Tove Røskaft, senior vice president of Aker Solutions' umbilical business.

Engineering of the umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway, and the umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in 2012.

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GL Noble Denton Bags Gig for Queensland Curtis LNG Proj.

- GL Noble Denton Bags Gig for Queensland Curtis LNG Proj.

Tuesday, July 12, 2011
GL Noble Denton

QGC has selected GL Noble Denton to provide verification services for the development of the Queensland Curtis Liquefied Natural Gas (LNG) project, which is expected to supply more than 8.5 million tonnes of LNG per annum through the development of two
LNG trains.

GL Noble Denton's experts will oversee the pipeline construction portion of the project over a two-year period. The company will supply
inspection services for the installation of the 540 kilometer underground line between natural gas fields in Australia's Surat Basin
and a natural gas liquefaction plant on Curtis Island near Gladstone on Queensland's coast.

The quality assurance and control contract was awarded to GL Noble Denton following the successful completion of an in-depth study into the production capacity of the LNG plant design that will be built on Curtis Island. GL Noble Denton used its in-house Monte Carlo simulation software, OPTAGON to provide a holistic assessment of the ability of the LNG plant to meet its intended use. The model also identifies equipment criticality and their contributions to unplanned downtime, and has provided results that have added significant strategic and operational value to the project.

Richard Bailey, GL Noble Denton's Executive Vice President for Asia Pacific said, "The Queensland Curtis LNG project is one of the
Australian oil and gas industry's most exciting developments to date. It will help define the country as a leading producer and exporter of
natural gas, and we are delighted to play a role its development.

"Demand for GL Noble Denton's services has increased considerably in Australia over the past year, as operators continue to unlock the
significant potential of the natural resources available on- and offshore the country."

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Fluor Bags EPCM Services Contract for Woodside's AU Gas Assets

- Fluor Bags EPCM Services Contract for Woodside's AU Gas Assets

Tuesday, June 28, 2011
Fluor Corp.

Fluor has finalized a major services agreement with Woodside Energy Limited to provide engineering, procurement and construction management (EPCM) services for Woodside's operating assets. Fluor's initial contract term is for three years, with the option of three one-year extensions available. The undisclosed value will be booked in the second quarter of 2011.

The contract allows Fluor to perform sustaining capital projects for Woodside's Production Projects Group. The EPCM scope of services includes all activities that may be undertaken throughout the project life cycle. The engineering services will be performed in Fluor's Perth, Australia, office with implementation and construction related work at the respective Woodside asset.

"Fluor looks forward to delivering engineering and support services to the rapidly growing liquefied natural gas industry," said Kirk Grimes, president of Fluor's Global Services Group. "This opportunity allows us to expand our range of services to Woodside, for whom we are currently providing engineering and design services at the Browse Basin off the coast of Australia."

"This is the culmination of a relationship-building process our account team began with Woodside two years ago," said Bill Wasilewski, vice president of Fluor's Global Services Group. "The agreement enables us to leverage the expertise of Fluor's oil and gas business with our ongoing operations and maintenance services expertise."

Through its Fluor Offshore Solutions unit, Fluor is currently providing front-end engineering and design (FEED) to Woodside for the Browse LNG Development, which is located about 425 kilometers north of Broome off the northwest coast of Australia.

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Technip Bags BP Umbilical Contract Offshore Vietnam

- Technip Bags BP Umbilical Contract Offshore Vietnam

Wednesday, June 15, 2011
Technip

Technip announced that its wholly-owned subsidiary DUCO Ltd. has been awarded a contract by BP Exploration Operating Company Limitedworth approximately €15 million for the Lan Do field development in Vietnam. This field is located 320 kilometers south of Ho Chi Minh City, at a water depth of 120-180 meters.

The contract includes the engineering, project management and fabrication of a main umbilical and an infield umbilical. The umbilicals will utilize a hybrid technology developed by DUCO, which uses steel tube and thermoplastic hose fluid conduits for hydraulic control and chemical injection services. They will be delivered in the first half of 2012.

The project will be executed in Technip's umbilical facilities in Newcastle, UK and in its new state of the art flexible pipe and umbilical manufacturing facility, Asiaflex Products, located in Johor State, Malaysia.

The award follows the recent successful delivery of the umbilical systems for BP's Skarv development in Norway and builds on Technip's track record in umbilical supply to BP stretching back over 25 years.

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EnerMech Bags Wood Group Contract

- EnerMech Bags Wood Group Contract

Wednesday, June 01, 2011
EnerMech Ltd.

EnerMech has secured a £20 million ($32.9 million) contract to supply tools and rental equipment to Wood Group PSN. The five year contract covers the UKCS and 12 jobs will be created by the Aberdeen company as a result of the contract win.

The deal includes the supply and rental of plant and equipment, including generators, air compressors and lifting and rigging equipment, the supply of hand tools and consumables and the repair, service, maintenance and storage of Wood Group PSN owned equipment.

EnerMech has invested £1.5 million ($2.5 million) on new air compressors, generators and tools and spent a further £400,000 on a new workshop at their Scottish headquarters to service the contract.

Doug Duguid, managing director of EnerMech, said his company's commitment to investing significant capital in new equipment and site facilities was a major driver in securing the contract, the largest in the firm's three year history.

Mr. Duguid said, "Our policy of continual investment in new equipment, technologies and in the latest interactive web-based systems which give clients 24-7 visibility of their assets, gives us a clear advantage over competitors.

"We have completed some ad-hoc work on behalf of Wood Group in the past but this deal signals what I hope will be the start of a long and mutually beneficial relationship, which should offer up further opportunities for both companies.

"Winning this award is a clear indication that Wood Group PSN trusts us to provide a high quality service, delivered by first class personnel and backed up with our extensive on-site facilities which are second to none in the north east of Scotland."

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Techlam Bags Work on Petrobras' Roncador Field

- Techlam Bags Work on Petrobras' Roncador Field

Monday, May 23, 2011
Techlam S.A.

Petrobras has awarded an important contact for manufacture of flexible joints on their P-55 Roncador field development program. These mission critical components of the P-55 riser system are designed for the life of the field. Techlam flexible joints enjoy a 100% reliability record having experienced zero failures. Maximum operating conditions for these flexible joints are as follows:

• Maximum pressure = 209 bar.
• Maximum rotation angle = +/- 16 deg.
• Maximum operating temperature = 70 deg. C.

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Dron & Dickson Bags Talisman Contract

Dron & Dickson Bags Talisman Contract

Wednesday, April 27, 2011
Dron & Dickson

Dron & Dickson has secured a multi-million pound contract with Talisman Energy (UK) Limited.

The three-year deal, with two one-year extension options, will see Dron & Dickson provide a wide range of electrical consumables in support of Talisman's North Sea assets.

Dron & Dickson operations director Colin Maver said, "Talisman is an extremely important client for Dron & Dickson and we are delighted to be working with them.

"Winning this long-term contract underpins our reputation for providing cost-effective, high-quality products that help our customers reduce risk and comply with the latest legislation.

"Building strong relationships with our customers is extremely important to us as a company and we very much look forward to developing the relationship with Talisman over the coming months and years."

KBR Bags Design Engineering Gig for Jack/St. Malo FPU

KBR Bags Design Engineering Gig for Jack/St. Malo FPU

Tuesday, April 26, 201
KBR Inc.

KBR has been awarded a contract by Chevron U.S.A. Inc. to execute detailed design engineering for the Jack/St. Malo floating production unit (FPU) located in the Lower Tertiary trend in the deepwater Gulf of Mexico. The Jack and St. Malo fields are located within 25 miles (40 km) of one another approximately 280 miles (450 km) south of New Orleans, Louisiana, in water depths of 7,000 feet (2,100 m).

KBR will provide design and engineering support through fabrication for the deep draft semi-submersible (semi) including: hull, deck box, accommodations, appurtenances, equipment foundations; mooring system design; and anchor suction piles. The semi will be designed to minimize vessel motion and allow acceptable fatigue lives of the moorings, risers and umbilicals.

"Following the announcement of the detailed design contract for Big Foot in January 2011, KBR is overwhelmingly proud to accept the award for Jack & St. Malo FPU," said Dennis Calton, President, KBR Oil & Gas. "As a company, we’ve worked strategically to re-enter the Gulf of Mexico. The opportunity to execute another project for Chevron in the Gulf positions KBR at the forefront of deep water field development."

KBR subsidiaries Granherne and GVA consultants will collaborate on the execution of this phase of the project. The award of this contract follows the successful completion of conceptual engineering and design, pre-FEED and FEED by KBR for the Jack & St. Malo FPU project.

MicroSeismic Bags 2nd Contract in Marcellus Play

MicroSeismic Bags 2nd Contract in Marcellus Play

Thursday, April 21, 2011
MicroSeismic Inc.

MicroSeismic has been awarded a second BuriedArray™ contract in the Marcellus Shale play in northern West Virginia by Gastar Exploration.

"We are excited about our continued work in the Marcellus," said Peter Duncan, CEO and Founder of MicroSeismic, Inc. "This second award demonstrates the work we are doing in the Marcellus and other plays is creating value for our customers."

Gastar's Vice President and Exploration Manager, Keith Blair, commented, "Gastar has used MSI's FracStar in East Texas and because of the knowledge gained we have decided to implement their BuriedArray in our Marcellus Shale Play. We look forward to optimizing our completion techniques and in turn maximizing our production and minimizing our capital investment from the microseismic data gathered."

Subsea 7 Bags Shell Contract for Ormen Lange Field

Subsea 7 Bags Shell Contract for Ormen Lange Field

Monday, April 18, 2011
Subsea 7 S.A.

Subsea 7 announced the award of a contract with A/S Norske Shell for subsea pipeline installation services for the Ormen Lange Northern Field Development – Mid North Project in the Norwegian Sea.

The work is the first call-off under Subsea 7's Frame Agreement with Shell for Pipeline Installation services in the North Sea region awarded in September 2010, and the call-off is valued at approximately $70 million.

The Mid North Project will be developed with a new subsea template located approximately 6 km north of the existing subsea facilities on Ormen Lange in around 900m water depth, and will be tiedback to Ormen Lange by two 12" Production pipelines, a 6" service pipeline and a control umbilical.

Subsea 7's scope is to fabricate and install the two 6 km long 12" rigid pipelines and the 6" service pipeline, and installation of the control umbilical. Furthermore, Subsea 7 will perform all subsea connections and pre-commissioning activities on the new pipelines.

Engineering and procurement activities will commence immediately and will be performed at Subsea 7's offices in Stavanger, Norway. Fabrication of the pipeline will be carried out at Subsea 7's North Sea Spoolbase at Vigra on the north-west coast of Norway, in early 2012. Pipelay operations are due to commence in early 2012 and will utilize one of Subsea 7's specialized reeled pipelay vessels.The remainder of the offshore installation scope will be performed in summer 2012, utilizing Subsea 7's specialized offshore construction vessels suitable for deepwater subsea construction work.

The Ormen Lange field is located in the Norwegian Continental Shelf, approximately 130 km northwest of Kristiansund, in water depths between 850m and 940m.

KBR Bags Contract for Saudi Aramco

KBR Bags Contract for Saudi Aramco

Thursday, April 14, 2011
KBR Inc.

KBR announced that its newly-established Middle East-based Engineering Company has been awarded an engineering and project management services contract by the Saudi Arabian Oil Company (Saudi Aramco) as part of its General Engineering Services Plus (GES+) initiative. The partners in this new Engineering Company, including Abdulhadi and Al-Moaibed Consulting Engineering Co. (AMCDE) and Kellogg, Brown and Root, were selected following a competitive bidding process. The GES+ contract period is for five years with options available for extensions.

The finalization of this contract qualifies the new Engineering Company to execute front-end engineering design (FEED), detailed design, material procurement, and project management services (PMS) to support Saudi Aramco's capital programs. The Company will be an independent standalone company operating exclusively in the Middle East, and will employ and train Saudi nationals.

"We are proud to sign this contract with Saudi Aramco under its GES+ Initiative and look forward to the successful execution of future projects," said Khaled Abu-Nasrah, President, KBR Middle East. "KBR's work in the Middle East is integral to the company's rich legacy and the award of this contract further solidifies KBR's commitment to the region and to our long-time client, Saudi Aramco."

Plexus Bags Gazflot Contract in Okhotsk Sea

Plexus Bags Gazflot Contract in Okhotsk Sea

Thursday, April 07, 2011

Plexus Holdings plc

Plexus has signed an agreement to supply as the end user Gazflot, a subsidiary of leading Russian oil and gas company Gazprom, with its proprietary TRT-S™ mudline suspension ('MLS') equipment for oil and gas exploration drilling activities for one well offshore West Kamchatka in the Magadan Basin in the Okhotsk Sea, Russia. The contract for the supply of both MLS and service is worth approximately $500,000 USD, and is expected to be completed by November 2011.

Plexus' patented TRT-S MLS equipment enables jack-up drilling rigs to transfer casing loads from a rig to the sea bed whilst allowing for a subsequent planned disengagement and possible suspension platform tieback options for a wellhead system. Due to climate conditions in the West Kamchatka region drilling activities for the well can only be conducted from May to September. However it is anticipated that additional wells will be drilled in 2012, of which Plexus is hopeful to tender both MLS services and potentially for the supply of its POS-GRIP surface wellhead equipment technology.

Plexus CEO Ben van Bilderbeek said, "This contract marks yet another geographic milestone in Plexus' growth strategy as it continues to develop into an internationally recognised force in the supply of specialised and technically superior oil and gas wellhead and equipment services. Not only is Gazflot a new customer for the Company, Russia is also a new region for us and one in which Plexus is focussed on gaining a foothold in given the ever increasing number of opportunities with large operators active in the Russian Artic Shelf such as Rosneft and Lukoil.

"I would also like to highlight that our equipment allows the removal of temporary abandonment caps through the blow out preventer ('BOP'), and for tie back to occur before the abandonment caps are removed. The importance of such an essential safety feature was formally recognised by the Montara Commission of Inquiry Report in June 2010 in relation to the oil spill incident offshore Australia in late 2009."