(LSTK) contract
Mustang-Hejailan-DAR-PI signed Shoaiba project FEED Saudi Aramco selected Mustang Engineering and its local partners Faisal Jamel Al-Hejailan Engineering Company (Mustang Hejailan), Dar Al-Riyadh Engineering Consultants (DAR) and Petro-Infrastructure Engineering Consultants Company (PI Consult) for the front end engineering and design (FEED) contract of the Shoaiba Terminal project. Located in the southwest of Saudi Arabia on the Red Sea […]
M&G to invest $1 billion in PET and PTA plants in USA The Italian company Mossi & Ghisolfi Gruppo (M&G Group) made the final investment decision (FID) for to build a greenfield polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plants in Corpus Christi in Texas, USA. M&G Group is a wholly owned family company with […]
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 […]
Saipem submitted $600 million change order to Saudi Aramco The Wasit Gas Development Program represents $4.6 billion capital expenditure to build an onshore grass-roots Central Processing Facility (CPF) to process 2.5 billion cf/d of gas from the Arabiyah & Hasbah offshore fields and produce approximately 1.75 billion cf/d of sales gas. Offshore gas wellhead production […]
Definition: A “Lump Sum Turn Key (LSTK) Contract” refers to bidding terms and conditions between the End User and an EPC which don’t allow any financial change for a given scope of work until the EPC is able the deliver the newly built plant in full operations to the End User. Comment: The benefit of […]
