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Odfjell Drilling wins $55 mln contract

Tuesday, 4 Jul 2017 07:50am EDT

July 4 (Reuters) - Odfjell Drilling Ltd :Odfjell drilling awarded a contract with total e&p south africa.Further to conditional letter of award ("CLOA") as announced on 1 march 2017, odfjell drilling has now been awarded contract as described in CLOA.Contract commencement shall be between june 2018 and april 2019 and shall be back to back with completion of ongoing contract with wintershall norge on maria field or any subsequent contract.Contract is awarded by total e&p south africa and is for a one well plus one optional well to be drilled by 6th generation semi-submersible, deepsea stavanger, offshore south africa.Contract value including compensation for mobilization/demobilization period is estimated up to usd 55 million.Company expects drilling of firm well to take 60-80 days.

Total Iran and NIOC sign contract for development of phase 11 of the giant South Pars gas field

Monday, 3 Jul 2017 07:47am EDT

July 3 (Reuters) - TOTAL SA : :IRAN: TOTAL AND NIOC SIGN CONTRACT FOR THE DEVELOPMENT OF PHASE 11 OF THE GIANT SOUTH PARS GAS FIELD.THE PROJECT WILL HAVE A PRODUCTION CAPACITY OF 2 BILLION CUBIC FEET PER DAY OR 400,000 BARRELS OF OIL EQUIVALENT PER DAY INCLUDING CONDENSATE..THIS CONTRACT, WHICH HAS A 20-YEAR DURATION, IS THE FIRST IRANIAN PETROLEUM CONTRACT (IPC).TOTAL IS OPERATOR OF THE SP11 PROJECT WITH 50.1% INTEREST ALONGSIDE CHINESE STATE-OWNED OIL AND GAS COMPANY CNPC (30%), AND PETROPARS (19.9%), WHOLLY OWNED SUBSIDIARY OF NIOC.PRODUCED GAS WILL SUPPLY THE IRANIAN DOMESTIC MARKET STARTING IN 2021.SP11 WILL BE DEVELOPED IN TWO PHASES.THE FIRST PHASE WILL CONSIST OF 30 WELLS AND 2 WELLHEAD PLATFORMS CONNECTED TO EXISTING ONSHORE TREATMENT FACILITIES BY 2 SUBSEA PIPELINES..SECOND PHASE WILL BE LAUNCHED INVOLVING CONSTRUCTION OF OFFSHORE COMPRESSION FACILITIES, A FIRST ON SOUTH PARS FIELD.THE FIRST PHASE HAS ESTIMATED COST OF AROUND 2 BILLION DOLLARS EQUIVALENT.

Solstad Farstad wins 5 years PSV contract with Statoil

Tuesday, 27 Jun 2017 09:38am EDT

June 27 (Reuters) - Solstad Farstad Asa ::Charter agreement.Statoil petroleum as has awarded Solstad Farstad a 5 years contract to support Statoil PSV pool at Norwegian continental shelf utilizing PSV Far searcher.Solstad Farstad asa: commencement of contract will take place in September 2017.Statoil has option to extend the contract by additional 5 x 1 year..Far Searcher will by this contract award be the second vessel in the Solstad Farstad fleet on long term contract with Statoil with "Battery Power" notation..The commercial terms of the agreement will be kept private and confidential between the parties.

Keyera Partnership signs sour gas processing plant agreement with Jacobs Engineering Group

Wednesday, 14 Jun 2017 07:45am EDT

June 14 (Reuters) - Jacobs Engineering Group Inc :Keyera Partnership signs sour gas processing plant agreement with Jacobs.Jacobs Engineering Group Inc - at full build-out of both phases of project, new facility is expected to process up to 300 million cubic feet of sour gas.Jacobs Engineering Group Inc - new agreement enables Jacobs to provide engineering services for wapiti liquids handling & gas processing facility.Jacobs Engineering - at full build-out of both phases of project, new facility is expected to process up to 25,000 barrels of field condensate per day.Jacobs Engineering Group Inc - Keyera is also looking at possibility of connecting new complex to its existing montney asset base and network.Jacobs Engineering Group Inc - Keyera is also looking at possibility of connecting new complex to its existing montney asset base and network.

Statoil swaps stakes with BP in four blocks off Australia

Thursday, 8 Jun 2017 04:48pm EDT

June 8 (Reuters) - Statoil Asa : :Says has signed a swap agreement with BP <<>> and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.Says has transferred its 30% equity interest in offshore exploration permits EPP37 and EPP38 to BP and exited the licences.Says BP has transferred its 70% equity interest in offshore exploration permit EPP39 and EPP40 to Statoil and exited the licences.Says Statoil consequently holds 100% equity interest in the two exploration permits.Says the regulator has granted Statoil a suspension and extension of the work commitments in EPP39 and EPP40.Says the approved extension includes drilling of one exploration well in EPP39 before Oct. 30, 2019.

Sinopec Engineering Group signs contract with Sinochem Quanzhou Petrochemical Co

Tuesday, 6 Jun 2017 05:14am EDT

June 6 (Reuters) - Sinopec Engineering Group Co Ltd <2386.HK>:‍Contract value of sinochem quanzhou ethylene contract is approximately rmb4.259 billion​.Signed a contract of engineering, procurement and construction with Sinochem Quanzhou Petrochemical Co.‍Completion of sinochem quanzhou project is expected to be in around december 2020​.Group signed an epc contract for sinopec zhenhai project with sinopec zhenhai refining & chemical co.Contract value of sinopec zhenhai residue hydrogenation contract is approximately rmb1.376 billion.Completion of sinopec zhenhai project is expected to be in around september 2018.Consortium of group and maire tecnimont spa signed an epc contract for agpp project with public joint stock co gazprom.Total contract value of three contracts of about rmb6.547 billion will be recorded as a backlog of co.

Consortium including Japan's JGC to build LNG platform off Mozambique for 700 bln yen - Nikkei

Wednesday, 31 May 2017 07:08pm EDT

June 1 (Reuters) - NIkkei::Consortium including JGC has reached 700 billion yen deal to build a floating liquefied natural gas platform off the coast of mozambique - Nikkei.Developers on lng project include Eni, China National Petroleum and Korea Gas - Nikkei.JGC to handle roughly 150 bln yen portion of LNG contract- Nikkei.JGC to handle planning, procuring materials for and building lng plant with TechnipfMC and Samsung Heavy Industries - Nikkei.

Keyera sanctions Wapiti natural gas gathering & processing complex

Wednesday, 31 May 2017 05:08pm EDT

May 31 (Reuters) - Keyera Corp ::Keyera sanctions Wapiti natural gas gathering & processing complex.Keyera Corp - phase one is estimated at $470 million as it includes build-out of certain infrastructure sufficient to support both phases.Keyera Corp - as a result of the decision, Keyera now expects to invest growth capital of between $800 million and $900 million in 2017.Keyera - total cost of two-phased project is expected to be approximately $625 million.Keyera - based on proposed construction schedule, operations are targeted to start up in mid-2019.

Odfjell: Deepsea Bergen secures up to $55 mln contract for Statoil

Wednesday, 31 May 2017 02:39am EDT

May 31 (Reuters) - Odfjell Drilling Ltd ::Signed a letter of award(Loa) with Statoil<<>> to secure Deepsea Bergen for drilling activities in 2018-2019.Loa includes one firm well plus 4 x 3 optional wells, which in total can secure work for Deepsea Bergen up to 14 months.Estimated start up is Q2/Q3 2018 in direct continuation with OMV drilling program and contract value is up to $55 million.Αgreed to suspend completion of the current Deepsea Bergen Statoil contract and re-arrange the drilling schedule, allowing an earlier commencement of the 1 + 1 well contract with Faroe<<>>.

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