TechnipFMC wins $4.2bn Bapco contract with Samsung, Tecnicas
TechnipFMC announced that, jointly with Samsung Engineering and Tecnicas Reunidas, it has been awarded a $4.2bn contract from Bahrain Petroleum Company (Bapco) for the Bapco Modernisation Programme (BMP).
The project is located on Bahrain’s Eastern coast and entails the expansion of the capacity of the existing Sitra oil refinery from 267,000 up to 360,000 barrels per day (BPD), improve energy efficiency, valorisation of the heavy part of the crude oil barrel (bottom of the barrel), enhancing products slate and meeting environmental compliance.
The project will be executed on engineering, procurement, construction and commissioning (EPCC) lump sum turnkey basis and is slated for completion in 2022.
It includes the following main units: residue hydrocracking unit, hydrocracker unit, hydro desulphurisation unit, crude distillation unit, vacuum distillation unit, saturated gas plant, hydrogen production unit, hydrogen recovery unit, sulphur recovery unit, tail gas treatment unit, sour water stripper unit, amine recovery unit, bulk acid gas removal unit, sulphur solidification unit and sulphur handling facilities. Utilities and offsites are also part of the scope.
The BMP project will capitalise on the vast experience of the joint venture partners in Bahrain as well as in the region.
Nello Uccelletti, president, onshore offshore business, TechnipFMC, stated: “We are honoured to be the leader of this joint venture entrusted for the execution of this prestigious contract that represent a testimonial of the long-term partnership with Bapco and strengthen our leadership in the refining sector. This award is one of the strategic ‘early engagement’ achievement, following the successful completion by TechnipFMC of the FEED contract.”
Saipem Awarded New Contract in Saudi Arabia
Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia, Rigzone reported.
The contract comes as a part of long-term agreement sealed in 2015 until 2021. According to the contract, Saipem’s work will include the engineering, procurement and construction of a new offshore pipeline, with 42-inch length, to replace an existing pipeline, in addition to miscellaneous activities that aim to upgrade the Manifa water injection system, Scandinavian Oil-Gas Magazine informed.
Saipem has also won additional works at some previously awarded projects in West Africa.
The total value of the Saudi Arabia and West Africa newly agreed projects’ work is estimated at around $400 million.
The Kuwait Oil Company (KOC) awarded a contract worth approximately $850 million to Saipem, in August, to construct a pipeline system for the new El Zour refinery, Egypt Oil & Gas previously reported.
The pipeline was reported to be used to transport oil and gas from KOC’s manifolds at its South Tank Farm.
All contracts for Nord Stream 2 construction signed — Gazprom
The Nord Stream 2 pipeline is expected to come into service at the end of 2019
Contracts for all materials, equipment and services required for Nord Stream 2 pipeline construction were signed, Russian gas holding Gazprom said on Friday.
"Preparation for gas pipeline construction start is in full swing. Contracts were executed for the time being for all basic materials, equipment and services needed to implement construction work," the company said.
The Nord Stream 2 pipeline is expected to come into service at the end of 2019. The pipeline is set to run from the Russian coast along the Baltic Sea bed to the German shore. Each of the pipeline’s two lines will have a capacity of 27.5 bln cubic meters. The new pipeline that is expected to connect the Russian resource base with European customers, will double the capacity of the first line and will basically follow its route.
CB&I wins $95mn EPC contract for SASREF refinery modernisation
CB&I announced that it has been awarded a contract for more than $95mn by Saudi Aramco Shell Refinery (SASREF).
The scope of work includes the engineering, procurement and construction management for SASREF's modernisation and expansion of its existing refinery in Al-Jubail city, Saudi Arabia.
"The relationship between CB&I and SASREF extends back for more than a decade, and we have been collaborating successfully during this time," said Duncan Wigney, executive vice president, engineering and construction, CB&I.
"This award demonstrates CB&I's ability to deliver value to SASREF and our other customers in the Middle East. It also enhances CB&I's position in the region as a leading provider of energy infrastructure solutions, from conceptual design to fabrication to EPC delivery," added Wigney.
CB&I has completed the conceptual design and FEED phases of the project, while working with SASREF to optimise investment on the new refinery configuration. CB&I's integrated solutions will give SASREF the operating flexibility needed to generate maximum returns through sustainable fuels production, which meets Euro V regulations for cleaner emissions.
Saudi Aramco awards contracts for Haradh, Hawiyah gas development projects
Saudi Aramco awarded three site development contracts to Mofarreh Alharbi & Partners as part of the company's gas compression programme in Haradh and Hawiyah.
Fahad Al-Helal, vice president, project management, Saudi Aramco, signed the contracts on behalf of the company during a ceremony in Dammam. The contracts involve construction of roads and carrying out earthworks in Haradh and Hawiyah.
“We constantly work toward achieving Saudi Aramco’s goals and objectives in natural gas production to diversify the Kingdom’s energy mix and to make cleaner energy resources available. Today’s contracts are in line with those goals and objectives. The sites development project will leverage Haradh Increment Programme, which is considered a catalyst for growth through increasing total gas production by more than one billion standard cubic feet per day. We are glad that a local pioneer company is involved in the execution of this major project,” said Al-Helal.
The agreements involved improving and sustaining gas production from Haradh and Hawiyah fields by reducing choke pressure at the wellhead. Hawiyah gas plant expansion project will provide additional gas processing facilities to process 1,070 million standard cubic feet per day (MMSCFD) of raw sweet gas, installing a pipeline network to allow free flowing 290MMSCFD from Haradh field to Hawiyah gas plant.
EGPC Signs 3 E&P Agreements with a Combined Value of $50M
The Egyptian General Petroleum Corporation (EGPC) signed three oil and gas exploration and production (E&P) agreements worth $50 million, Al Borsa reports.
Trident Petroleum Company signed an agreement with EGPC to explore the East Eish El Malah and the Magaweesh Concession areas. The agreement is worth $10 million.
Apache’s Khalda Petroleum signed a $20 million agreement with EGPC for oil and gas exploration Alam Shaweesh Concession.
A third agreement—valued at $20 million—was signed by EGPC and Apex International for oil and gas exploration in the Gharb Al Deen Concession.
If commercial discoveries are made, EGPC and the partnering company will establish a joint venture to develop the find. Both EGPC and the partner company would each own a 50% stake in the joint venture.
Egypt to tender 500 MW solar plants in 2018
The Egyptian Ministry of Electricity and Renewable Energy plans to launch tenders for the establishment of 500 MW solar power plants during the first quarter of 2018, Al Borsa News reported.
Arab and international firms have submitted their offers to the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) to construct solar power plant with capacities ranging between 100 MW and 200 MW, but the NREA informed the investors that it will launch tenders for the plants execution and the companies can bid in these tenders.
The tenders that are planned to be launched are regarding the establishment of solar plants in Aswan, and Minya, under the terms of Build-Own-Operate (BOO) contracts.
The Egyptian government had signed 13 agreements in with a banking consortium led by the International Finance Corporation (IFC), in October, to fund the construction of 13 solar-power plants with a total capacity of 590 megawatts (MW), Egypt Oil & Gas reported.
While the loan package is worth $653 million, the total cost for the plants is expected to reach $823 million, according to Al Mal News.
Total, Sonangol sign new project pipeline agreements
Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects.
Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson Carlos Saturnino during which the agreements were concluded.
The parties have agreed to jointly develop the Kaombo project and develop the Zinia Phase 2 project, as well as to restart the deep offshore exploration of Block 48.
Further, the parties signed memoranda of understanding to jointly develop a retail network, including for the logistics and supply of oil products and to jointly screen for renewable energy supply opportunities in Angola.
“As Angola’s main oil partner, we are pleased with the strong willingness expressed by the country’s new authorities to drive an investment dynamic in the oil and gas sector, essential to the country’s economy, after three years impacted by the sharp drop in prices.
“Today’s agreements demonstrate Total’s willingness to contribute by restarting exploration offshore in Angola, launching new projects such as Zinia 2 on Block 17, and extending our cooperation with Sonangol to new businesses in oil product distribution and renewable energy,” said Pouyanné.
In particular, Total is taking all necessary efforts to ensure the start-up of the Kaombo project, which it says is currently the most significant investment in the country, during the summer of 2018.
Total and Sonangol agreed on the contractual conditions for the development of Zinia Phase 2, which enabled a commitment to the final investment decision. Located in Block 17 and operated by Total (40%), Zinia 2 will be connected to the offshore oil development company Pazflor’s floating production storage and offloading facility and will produce 40 000 bbl/d.
Further, the companies decided to jointly explore Block 48. This agreement contributes to restarting deep offshore exploration in Angola. The first phase of this programme will last for two years with the drilling of one exploration well.