Insights

Definition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one […]

Saudi Aramco and Sumitomo evaluate FEED tenders When Saudi Aramco and Sumitomo had created the joint venture PetroRabigh in 2005, this complex was designed as the biggest integrated refinery and petrochemical complex in the World. With a capacity of 400,000 b/d crude oil PetroRabigh has seen several upgrades and expansions. The Front end engineering and design […]

Petrofac-Schlumberger won 30 years Pemex contract The Pánuco Area in Mexico contains four mature onshore fields operated by the Mexico’s state-run oil company Petróleos Mexicanos (PEMEX). Discovered in the early 1900s with original oil in place of approximately 6.8 billion barrels, the Panuco oil fields have about 1,600 wells of which around 200 are currently producing a total of […]

Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling rig for oil and gas […]

Chevron to award FEED for Rosebank FPSO The Rosebank oil and gas field discovery is located on Blocks 213/26 and 213/27,  in the Faroe-Shetland Channel, 130 km northwest of the Shetland Islands in 1,115 m of water depth on the Corona Ridge near the UK border. Rosebank is considered to be one of the biggest discoveries […]

After Polish Baltic Basin ENI goes to Ukrainian Dniepr-Donetz and Lviv Basins In 2010, the Italian Major IOC Eni had acquired Minsk Energy Resources to become operator of three licences in the Polish Baltic Basin, a highly prospective shale gas play located in the north-east of Poland. In Poland ENI could deploy the expertise in shale […]

Definition Farm-in-Agreement is a contract signed between two companies, the Farmor and the Farmee, where the Farmor is the owner of the acreage and the Farmee is willing to perform the drilling and exploration in the acreage of the Farmor. The Farm-in-Agreement is very similar to the Farm-out-Agreement in the way that in both cases it […]

Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]

China and India join forces in Exploration & Production Mr. Sudhir Vasudeva, Chairman and Managing Director (CMD) of the Oil and Natural Gas Corporation Ltd (ONGC) and Mr. Jiang Jiemin, Chairman of  China National Petroleum Corporation (CNPC or PetroChina) signed a Memorandum of Understanding (MoU), on June 18, 2012 at New Delhi, India. This MoU signed between ONGC and […]

Definition NBR stands for Nitrile Butadiene Rubber or Acrylonitrile Butadiene Rubber or Buna-N or Perbunan. NBR is a synthetic rubber which belongs to the family of unsaturated copolymers of 2-propenenitrile and various butadiene monomers (1,2-butadiene and 1,3-butadiene) Comments NBR is produced in an emulsion polymerization system. The water, emulsifier/soap, monomers (butadiene and acrylonitrile), radical generating activator, and […]