completion
Statoil, ExxonMobil and ConocoPhillips rename Luva project into Aasta Hansteen During the concept selection Statoil estimated the development capital expenditure in the Aasta Hansteen field (formerly named Luva) at some $5.6 billion (NOK 34 billion). With a total hull weight of 45,000 ton, a length of 193 meters and a draught of 170 meters, the Aasta […]
Shaw to sell Energy & Chemicals Group (mostly Stone & Webster) to Technip On May 21st, 2012, The Shaw Group Inc (Shaw) and Technip announced to have closed a deal to the US based Energy & Chemicals Division, mostly made of Stone & Webster, to the France headquartered engineering company Technip for approximately $300 million. Under […]
Definition SPAR is the acronym for Single Point Anchor Reservoir (SPAR). This descriptive definition refers to a floating system with infield flow lines and associated subsea infrastructure to connect the subsea production and injection wells. Comments From design perspective a SPAR is a cylindrical, partially submerged offshore drilling and production platform that is particularly well-adapted […]
Mad Dog: BP’s second giant field in Gulf of Mexico In September 2011, BP announced the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the US Gulf of Mexico. The well results confirm a significant resource extension for the Mad Dog Field complex, which includes […]
Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital expenditure is estimated to $4.2 […]
The $3.6 billion ERC Refinery to move on again The Mostorod Refinery project had been left on hold for more than one year because of the political context in Egypt while Egyptian Refining Company (Takrir) S.A.E. (ERC), a special purpose company established by Citadel Capital, has awarded the engineering, procurement and construction (ECP) contracts to a consortium of […]
BP to invest $15 billion to develop Oman tight gas BP’s Khazzan tight gas project in Block 61 is one of the company’s top five upstream projects globally. BP’s Khazzan project is also the first and largest of its kind in the Middle East. In January 2007 BP signed a major exploration and production sharing agreement with […]
Lukoil awarded $1West Qurna Phase 2 to Samsung Engineering Samsung Engineering officially signed a contract, worth approximately $1 billion, with LUKOIL Mid-East Ltd. (Lukoil) for the development of the West Qurna Phase 2 Contract Area and thereafter to provide assistance to LUKOIL with its carrying out of the commissioning and start up. This engineering contract covers: –Project Management […]
