Technip Lands EPC Gig for Satah Full Field Development

- Technip Lands EPC Gig for Satah Full Field Development

Thursday, September 08, 2011
Technip

Technip, in consortium with NPCC, was awarded by ZADCO an engineering, procurement and construction lump sum contract, worth a total of approximately $500 million (Technip part of the contract: 35%), for the Satah Full Field Development project. This field is located 200 kilometers northwest of Abu Dhabi, United Arab Emirates.

The Satah Full Field Development project's objective is to maximize crude oil production and oil recovery by reducing the well heads' back pressure and introducing of gas injection and gas lift facilities.

The project scope involves offshore brownfield works to the existing well head platforms and production manifold platform, installation of infield pipelines, as well as modifications and installation of new facilities at the Onshore Satah plant at Zirku Island.

This project award is the recognition of our expertise in the growing brownfield projects market in the Middle-East, said Arturo Grimaldi, Senior Vice President of Technip in the Middle East. It also reflects the confidence of our client ZADCO in the strong consortium that we form with NPCC.

Technip's operating center in Abu Dhabi will execute the engineering and procurement activities while construction and installation activities for offshore works will be performed by NPCC. The Onshore construction activities will be carried out jointly by the consortium companies.

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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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EPC Offshore Scores Stella Gig

EPC Offshore Scores Stella Gig

Monday, May 16, 2011
EPC Offshore

EPC Offshore has won a £1million contract with Ithaca Energy which will see the company provide a team of experts to support key areas of the Greater Stella Area (GSA) Development project.

The initial phase will see EPC assist in developing the concept selection process across floating production, subsea and pipeline disciplines for the development of the Stella, Harrier and potentially Hurricane reservoirs, including provision of execution strategies for each element.

A 10-strong team will be involved in the work which is the latest in a series of contact wins for the company which is on track to double its turnover in its second year of business.

EPC's chief executive officer Keith Wallace said, "This is a very important project for us and cements our position as the people who turn opportunities into assets. As we continue to grow and increase our portfolio, we are achieving some of our key strategic initiatives such as an increased market presence and increased service delivery for our clients."

Based in Albyn Terrace, EPC Offshore works with exploration and production companies to progress projects to sanction and final delivery. It uses a comprehensive and structured set of principles to achieve maximum project value, optimum resource utilization and quality assurance.

The company, which employs more than 35 people, achieved a turnover in excess of £3 million in its first year.

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KBR Wins Offshore Denmark EPC Contract

KBR Wins Offshore Denmark EPC Contract

Tuesday, May 03, 2011
KBR

KBR announced Monday that it has been named as subcontractor by Dragados Offshore, S.A. (Dragados) for the detailed engineering work on the South Arne Phase 3 Project, an expansion of the existing South Arne field located offshore in the Danish sector of the North Sea.

The EPC award to Dragados includes two wellhead platform topsides with weights of 1,600 tons and 1,350 tons respectively, the two jackets supporting these platforms with a weight of 2,600 tons each, as well as detailed engineering, additional support for procurement assistance and construction site support.

KBR is the subcontractor for the detailed engineering and procurement assistance, and will provide additional engineering assistance throughout the construction and installation phases. The detailed engineering work will be performed by KBR from its Leatherhead offices, under the supervision of Dragados Offshore. Completion will be achieved upon sailaway of the different elements and is targeted for April and May 2012. This term includes a seven-week period for onshore commissioning of the platforms within the Dragados Puerto Real yard.

"Working with Dragados provides a strategic opportunity for KBR to expand our technical services beyond engineering and through to project completion," said Dennis Calton, President, KBR Oil & Gas. "KBR delivered the original South Arne Project in 1999, and this award by Dragados S.A. provides KBR an opportunity to apply our engineering expertise and value to this project development."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets.

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Aker Lands EPC Gig for Statoil's Vigdis Development

Aker Lands EPC Gig for Statoil's Vigdis Development

Tuesday, April 19, 2011
Aker Solutions
by SubseaIQ

Aker Solutions has received notification that Statoil has exercised options for the engineering, procurement and construction of three subsea work-over systems for use on the Norwegian Continental Shelf. Aker Solutions estimates the contract value of these three extensions to be a total of approximately NOK 1.25 billion ($228MM).

In February, Statoil awarded Aker Solutions a contract for one workover system to be used on the Vigdis North East development on the Norwegian Continental Shelf. It is options from this contract which have been exercised.

Workover equipment is used on every subsea well, for installing equipment and preparing the well for production. During field life, workover equipment is used during the maintenance of subsea wells to improve oil recovery.

"We are pleased to receive additional awards for our new modularized workover systems. This contract will strengthen Akers Solutions' position as one of the major providers of well access services on the Norwegian continental shelf. Our equipment provides safe and efficient well access for downhole operations, resulting in increased oil recovery," said Mads Andersen, executive vice president of Aker Solutions' subsea business area.

The workover systems project will be managed at Aker Solutions' Tranby Technology and Manufacturing Centre outside Oslo in Norway. The manufacturing of the well control package and riser elements will be completed at Tranby and the workover control module out of Aberdeen.

Statoil, Partners Sign $1.5B EPC Contract with Petrofac

Statoil, Partners Sign $1.5B EPC Contract with Petrofac

Tuesday, April 12, 2011
Statoil

Statoil, BP and Sonatrach have signed a USD 1.15 billion engineering, procurement and construction (EPC) contract with Petrofac International (UAE) LLC in Algiers for the execution of the In Salah Southern Fields development project.

The EPC contract is part of the phase two development of the In Salah license. For Development and Production International the project marks an important step towards maturing barrels for profitable production.

The three gas fields – Krechba, Teg and Reg – located in the northern part of the license, were initially developed in phase one, with the objective of delivering a production profile of nine billion cubic meters of gas annually. This phase started in late 2001, and first commercial gas was delivered in July 2004.

Based on the expected decline of gas production from these three fields, phase two of the development has now implemented to maintain the production plateau and sustain long-term gas sales commitments. It consists of four gas fields – Garet El Bifna, Gour Mahmoud, In Salah and Hassi Moumene – in the southern part of the license.

Under the EPC contract Petrofac will build a number of facilities – including well pads, manifolds, flowlines, and a new central processing facility (CPF) with a gas processing capacity of 17 million cubic meters per day. The CPF will be constructed north of In Salah town and tied back to the existing producing facilities located in Reg for further transport of the gas to Krechba CPF for carbon dioxide removal and gas export.

In his speech, Victor Sneberg, Statoil's country president in Algeria, stated his expectation to Petrofac to deliver on time, cost and schedule.

First gas from the Southern Fields development project is expected for the first half of 2014. Gas produced from In Salah is marketed by joint marketing company "In Salah Gas Limited" – an association between Sonatrach, BP and Statoil. The three partners in the In Salah license have investment shares of 35% (Sonatrach), 33.15% (BP) and 31.85% (Statoil), respectively.

Aker to Demerge EPC Sector

Aker to Demerge EPC Sector

Wednesday, April 06, 2011

Aker Solutions

Aker Solutions is establishing a specialized EPC company in order to further leverage the experience and expertise built up through field development projects over more than 40 years.

Aker Solutions announced that the new company, previously launched under the working title "Aker Contractors," will take the name Kværner, thereby continuing a proud industrial heritage since 1853. Kværner aims for a separate listing on the Oslo Stock Exchange in July.
The board of directors of Aker Solutions decided to propose to the annual general meeting on May 6, a demerger of Aker Solutions. This move is in line with plans previously communicated by the company.

"Aker Solutions is cultivating its core businesses in separate companies. The new focused entities have a clear ambition to grow in their respective markets: Kværner as a specialized EPC (engineering, procurement and construction) company tailored to meet EPC market trends and client demands in the global market, and Aker Solutions as a fully-fledged provider of engineering, technologies, solutions and services for the upstream oil and gas industry," said Aker Solutions executive chairman Øyvind Eriksen.

Aker ASA, through Aker Holding, will continue as a long-term investor in both companies.
"The Kværner name represents a proud history in the North Sea and international markets. I am proud to see such a powerful name reintroduced for a new EPC company with strong ambitions for growth. I look forward to being a part of writing the next chapter of the Kværner story. I am confident about the company's potential for the future," said Kjell Inge Røkke, main shareholder of Aker ASA.

"The yards at Stord and Verdal have used the Aker name for decades, and we would of course have preferred to continue this tradition. However, more important is the commitment expressed by Aker ASA and its main shareholder, Mr Kjell Inge Røkke, to continue to support and invest in our business. We look forward to build a successful company together with management and owners," says Atle Teigland, group union convenor and member of the board of Aker Solutions.