Press digest from last week


Petrofac Secures Series of Well Engineering Contracts


Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around US$20 million.

Petrofac secured an exclusive five-year Well Operator Services contract from independent Exploration & Production company, Tailwind Energy Ltd (Tailwind), following Tailwind's recent purchase of the Triton Cluster. Under the terms of this arrangement, Petrofac will act as Well Operator for the Gannet E, Belinda and Evelyn licence areas in the Central North Sea.

The company has also been awarded discreet Well Engineering scopes by two major International Oil Companies (IOCs) and three National Oil Companies (NOCs) for projects in Iraq, Turkey and New Zealand. These additional scopes reflect the continued global growth of Petrofac's Well Engineering capabilities.  



Tender for building Greece-Bulgaria gas link draws interest from 11 candidates


SOFIA (Bulgaria), September 11 (SeeNews) - ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said on Tuesday that it has received 11 requests for participation in the 145 million euro ($167.9 million) tender for design, procurement and construction of the gas link.

The selection of a contractor is carried out through a restrictive procedure in two phases - pre-selection, followed by review, evaluation and ranking of offers, ICGB said in a statement.

The eleven candidates are S.P.S. P/C. Saipem, Consortium COBRA-CYMI-SOCAR, Fernas Construction Company, JV Sicilsaldo - Nuova Ghizzoni - Intrakat, DZZD "IGB-2018", SICIM, Consortium MAX STREICHER - TERNA/ICGB, Consortium Spiecapag Trace IGB 2018, J&P - AVAX, Joint Venture CPP-AKTOR and Consortium "PROMETEI - GEO"

"The companies who have shown interest are well known and with proven experience and we are certain that they can manage completing the construction process,” Konstantinos Karayannakos, ICGB’s executive officer from the Greek side, said.

As part of the pre-selection process, ICGB is expected to assess and determine the administrative capacity of the candidates by the end of October. Then, ICGB will issue an official invitation for offer submission to the candidates having the required financial and technical capacity to implement the project according to the set requirements.



Spain's Repsol acquires $344m solar project


Mubasher: Spanish energy company Repsol SA announced that it has acquired Valdesolar Hive, a special purpose company, which owns a 264 MW solar power project in Valdecaballeros, southern Spain.

The deal’s total cost amounted to $343.9 million (EUR 210 million), Spanish financial media reported.

The project, that will use 775,750 solar modules and 13.375 trackers and include the construction of a 400 KV transmission line, still needs to obtain several administrative and environmental permits.



ExxonMobil and AGDC sign binding gas sales precedent agreement for Alaska LNG


he Alaska LNG project reached an important milestone today as ExxonMobil Alaska Production Inc. (ExxonMobil) and Alaska Gasline Development Corporation (AGDC) have agreed to certain key terms including price and a volume basis for a Gas Sales Agreement.

The parties anticipate finalising long-term gas sales agreements to purchase ExxonMobil’s share of 30 trillion ft3of gas from the Prudhoe Bay and Point Thomson units. ExxonMobil operates the Point Thomson field where the company has a 62.75% share. ExxonMobil also has a 36.4% share of the nearby Prudhoe Bay field – the largest oil and gas field in North America.

“This precedent agreement is good for Alaska and ExxonMobil and represents a significant milestone to help advance the state-led gasline project,” said ExxonMobil Alaska President Darlene Gates. “As the largest holder of discovered gas resources on the North Slope, ExxonMobil has been working for decades to tackle the challenges of bringing Alaska’s gas to market.”



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