Engineering Procurement and Construction
$185 million program to boost production by 30% MEG Energy Corp (MEG) from Calgary in Alberta, Canada, announced last July to revise upward its Christina Lake oil field production enhancement program called RISER. Christina Lake is an in situ oil sands field located 150 kilometers south of Fort McMurray in the northeast Alberta. Christina Lake […]
Laverda to contain 100 million barrels deep offshore WA Woodside Petroleum (Woodside) from Australia and Mitsui Oil Exploration Co, Ltd (Mitsui) have decided to move ahead in the development of the Laverda oil field in respect with the promising conclusions of the last appraisal drilling operations. In Laverda the both partners share working interests so […]
Cosco to build Sevan-designed cylindrical Dana FPSO The UK-based Dana Petroleum (Dana), a subsidiary of the Korea National Oil Corp (KNOC), and its partner Cieco (Itochu Oil Exploration Corp. LTd), awarded to the Chinese Cosco Shipyard Group (Cosco) the engineering, procurement and construction (EPC) contract for its Western Isles Floating Production Storage and Offloading (FPSO) unit. […]
$20 billion Sadara project takes momentum in Al Jubail With 26 major production units, The Dow Chemical (Dow) and the Saudi National Oil Company Saudi Aramco are building up the world’s largest integrated petrochemical complex in Al Jubail Industrial City, in Al Sharqiya, 100 kilometers northwest Dammam in Saudi Arabia. Dow and Saudi Aramco expect their $20 […]
Abu Dhabi Mubadala plans 3 FSOs for Gulf of Thailand The Abu Dhabi-based Mubadala Petroleum (Mubadala) is planning further expansion in the Gulf of Thailand after its first success with Jasmine B5/27 offshore block. In July 2012, Mubadala, through its affiliate Pearl Oil, and its partners, Tap Energy Pty and Northern Gulf Petroleum Pte Ltd, […]
Total align bidders for $3 billion Kaombo FPSOs. Modec, Saipem and SBM Offshore are expected to bid for the two converted FPSOs proposed by Total and its partners, ExxonMobil, Marathon, Sonangol and Galp for the development of the Kaombo offshore project in Angola. Angola, on the western coast of Africa, is one the strategic countries to support […]
Rosneft and Exxon mobilize $3.2 billion as first step On April 2012, Rosneft and ExxonMobil signed a Strategic Cooperation Agreement to jointly explore and develop oil and gas fields in the Russian Black Sea and Kara Sea. This Strategic Agreement is supported by the: – Opportunity given to Rosneft to take stakes in ExxonMobil oil […]
GDF Suez, Centrica and Bayerngas sanction Cygnus development GDF Suez and its partners Centrica and Bayerngas awarded the detailed design contract to AMEC for the development of the Cygnus natural gas field in the UK continental shelf in the southern North Sea. Cygnus was discovered in 1988 in the blocks 44/12a and 44/11a. Then several appraisal […]
