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Independent companies definition. Independent companies refer to Oil & Gas and Petrochemical operators that are neither international oil companies (IOCs) nor national oil companies (NOCs).

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Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.

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Sevan completed Bream-Mackerel FPSO pre-FEED The London-based junior company Premier Oil Limited (Premier Oil) and its partners, the State-owned Kuwait Foreign Petroleum Exploration Company KSC (KUFPEC) and the FTSE-listed Tullow Oil (Tullow), are on the point to select the conceptual design to be used for the development of the Bream and Mackerel oil and gas fields offshore […]

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Ghana – Nigeria Key Projects and Business Highlights Around the Gulf of Guinea, Ghana and Nigeria appeared as the most active countries during the first half 2013 with upstream and downstream projects led by international and national companies such as Anadarko Petroleum (Anadarko), Eni, Ghana National Petroleum Corporation (GNPC), Kosmos Energy (Kosmos), Lekoil Ltd (Lekoil), Sabre Oil and Gas (Sabre), Total, Tullow Oil plc (Tullow), […]

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