Engineering Procurement and Construction
Cairn, San Leon, Genel increase footprint in Morocco On the same week, Cairn Energy (Cairn) announced to sign a Farm-in Agreement for offshore exploration and production while San Leon Energy (San Leon) extended its oil shale onshore acreage, both in Morocco. These moves reflects the potential of resources and the momentum taken by Morocco in […]
Larsen & Toubro wins Oman PDO Saih Rawl phase 2 >On August 27th 2012, Petroleum Development Oman LLC (PDO) awarded to Larsen & Toubro from India the engineering, procurement and construction (EPC) contract for the Saih Rawl Depletion Compression Phase 2 (SRDC2) project. Nine engineering companies were in competition to win this order of $235 […]
Anadarko sold 7.2% Lucius stakes to welcome Inpex Anadarko Petroleum Corp. (Anadarko), formaly Kerr-Mc Gee, and its partners, Apache, Eni, ExxonMobil, Petrobras and Plains Exploration & Production (PXP), had sanctioned the development of the Lucius project in December 2011. In July 2012, Anadarko sold 7.2% of its interests in Lucius to Teikoku Oil, a wholly owned Inpex […]
Definition Heads of Agreement (HOA) refers to the first document signed between parties in the perspective to go for a fully bidding contract. Heads of Agreement may also be called Shake hands Agreement and is different from Memorandum of Understanding (MOU). Comments Parties willing to close a bidding agreement or contract are aware that such a process […]
Iraq export pipeline to Aqaba to substitute Syria pipeline SNC Lavalin from Canada and Stroytransgaz from Russia had been appointed respectively in 2011 and 2010 to provide consultation services and rehabilitation work studies to build two crude export pipelines and one gas pipeline through Syria. These pipelines should have a total capacity of 2.75 million […]
Saudi Aramco extends Jacobs’s FEED on $3 billion Ras Tanura Refinery Clean Fuel and Aromatics project In May 2011 Saudi Aramco awarded the Front End Engineering and Design (FEED) to Jacobs ZATE for the Ras Tanura Refinery Clean Fuel and Aromatics project. Located in the Eastern Province of Saudi Arabia, along the Arabian Gulf, Ras […]
YPFB awards Samsung first ammonia and urea plant Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company, sent to Samsung Engineering Co., Ltd (Samsung) a notification of award (NOA) for a $843 million fertilizer plant. YPFB is planning to build this fertilizer facility in the city of Entre Rios, in the State of Cochabamba, in Bolivia as part […]
Definition Jacket refers in the oil and gas exploration and production to the steel frame supporting the deck and the topsides in a fixed offshore platform. Comments There are multiple types of offshore platforms depending on the applications and the depth of the water. Most of the platforms are used in the shallow waters of […]
