conceptual study
Final Investment Decision Definition The Final Investment Decision is the crucial moment of a project lifeycle when the Operator decide to commit on moving forward with the execution of the project. Final Investment Decision is a formal and binding decision to invest capital and begin detailed engineering, construction and comissioning. Final Investment Decision can often […]
The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.
Talisman Ca Rong Do Tension Leg Platform at design The Calgary-based Talisman Energy Inc. (Talisman) and its partners the independent companies Pearl Energy, Pan Pacific Petroleum (Pan Pacific) and the national oil company (NOC) PetroVietnam Oil and Gas Group (PetroVietnam) have completed the conceptual study in favor of tension leg platform (TLP) linked to a […]
Premier and Rockhopper to switch from TLP to FPSO The UK-based junior companies Premier Oil plc (Premier Oil) and Rockhopper Exploration plc (Rockhopper) are changing their strategy to develop the Sea Lion oil and gas project located offshore the Falklands Islands in the contested zone of the South Atlantic Ocean. Discovered in 1998, the Sea […]
YPFB completed Tarija Ethylene – Polyethylene FEED The wholly state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is making good progress on its largest petrochemical complex after completing the front end engineering and design (FEED) work for the ethylene and polyethylene units to be built in the Gran Chaco Province within the southern Bolivia Department of […]
KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan joined in 2012 the partnering companies BG Group (BG), Eni, Chevron and Lukoil in the Karachaganak Petroleum Operating BV (KPO) joint venture for the Karachaganak Expansion Project (KEP) Stage-1 of the oil and gas field development Karachaganak phase-3 in the northwest […]
Premier Oil and KUFPEC move Bream FPSO to FEED The London-based junior company Premier Oil plc (Premier Oil) and its partners, the national oil company (NOC) Kuwait Foreign Petroleum Exploration Company (KUFPEC) and the other London-headquartered junior company Tullow Oil plc (Tullow) finalized the conceptual study for the development of the offshore Bream and Mackerel […]
Rosneft invests $14.9 billion in Far East FEPCO project The Russian giant Rosneft, 69.50% owned by the State and 19.75% by the UK major BP, has confirmed to move forward on the Nakhodka integrated refinery and petrochemical complex close to Vladivostok in the south end of Russia Far East. Since 2010, Rosneft is working on developing […]
