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Chinese oil major, CNPC has entered into a contract to supply diesel to Arrow Energy, its Australian JV. The three years long contract will enable CNPC to increase refined oil product sales in Australia, the Chinese oil major said in a statement. Australia’s coal seam gas producer, Arrow Energy is jointly owned by CNPC and Royal Dutch Shell, and was acquired in 2010.
Oilfield services major, Weatherford has secured its biggest-ever fishing and intervention contract from Petrobras. The deal valued at $87 million will see Weatherford delivering fishing and intervention services to Petrobras. The four-year contract awarded to the Brazilian state-run firm also represents the largest single global award for this kind of work in the recent past.
Subsea 7 has landed three EPCI contracts from state-run Saudi Aramco. Subsea 7 will carry out the contracts with India’s L&T Hydrocarbon Engineering. The contract requires the firms to perform EPCI works for a total of 28 jackets involving eight new jackets to be instated in the Marjan and Zuluf fields, ten jackets in the Safaniya and Zuluf fields and another ten Jackets in the Zuluf and Ribyan fields.
Oilfield services giant, Petrofac has secured a major contract extension to continue supporting the operations of Repsol-Sinopec Resources UK Limited’s in the North Sea. The Jersey-based firm will continue as a tier 1 contractor for brownfield modifications and projects for Repsol-Sinopec Resources’ operated assets and terminal at Flotta. Petrofac provides engineering support services for the Flotta asset.
"Total E&P has awarded Subsea 7 with a contract for the development of the Lapa North East field in Brazil. The contract will require Subsea 7 to transport, install and pre-commission 35km of flexible pipelines, apart from 20kms of umbilical, connecting five wells to the FPSO, Cidade de Caraguatatuba. The Lapa field is operated by Total E&P Brasil, where Shell and Repsol-Sinopec are partners."
Danish drilling major, Maersk Drilling has secured a £6.2million contract to carry out drilling activities for an appraisal well at a central North Sea field. Maersk will perform drilling at the Birgitta field for Oman-based Petrogas. With an additional 20-day option, the contract is projected to commence in March 2020 for an expected 70 days.
Sembcorp Marine has landed an exclusive FPSO FEED contract from Siccar Point Energy for its Cambo field development on the UK Continental Shelf. The contract will require Sembcorp to carry out the design of a Sevan cylindrical FPSO. Sembcorp Marine has hired KBR for the design of topsides and integration support, with work being carried out in Singapore and Norway.
Oil supermajor, BP has awarded a three-year contract to the Aberdeen-based FMS for the provision of mooring equipment for North Sea operations. FMS is a leading independent supplier of mooring equipment. MD at the firm, Steven Brown, said, “This award demonstrates our capability and capacity to support the mooring equipment requirements for one of the leading operators in the UKCS.”
State-run Abu Dhabi National Oil Company (ADNOC) yesterday announced about awarding multi-billion-dollar contracts for the procurement of casing and tubing. The contract awards are in line with the company’s aim of maximising value for ADNOC across its drilling value chain and reinforcing its strategy to offer a more profitable upstream business. The $3.6 billion worth of contracts was awarded to Tenaris S.A., Vallourec S.A. and Marubeni Corporation.
Oilfield services giant, BHGE yesterday informed about winning a contract and receiving a notice to proceed on Venture Global LNG’s Calcasieu Pass Project in Louisiana. Under the contract, the Houston-based firm will provide the LNG liquefaction train system (LTS), power island system and field support services. The Calcasieu Pass LTS, projected to have a total nameplate capacity of 10 million tonnes per annum (mtpa).
Oilfield services major, Petrofac’s joint venture Azerbaijani state-run firm, SOCAR has won an Engineering and Technical Services contract in Azerbaijan. The contract will require Petrofac-SOCAR JV to support activities in the Absheron natural gas field, located in the Caspian Sea. French supermajor, Total and SOCAR own 50% stakes each in the Absheron field.
Engineering giant, Worley has secured a Project Management Contract through its wholly owned subsidiary, Intecsea, for the Reliance Deep-Water Gas Project. The contract pertains to RIL’s MJ Field deep-water gas and condensate project. The scope of the contract includes provision of PMC services for the development of subsea gas and condensate resource traced in deep water of roughly 1,000 meters in the MJ Field, offshore India.
Oilfield services giant, Halliburton has secured nine conditional contracts for drilling and completion services pertaining to SNE Field Development Phase 1 offshore Senegal. Awarded by Australian energy giant, Woodside, the contracts granted include services such as drilling, logging, cementing, lower completions, e-line/slick line, coiled tubing and well testing. Phase 1 for the SNE field covers a stand-alone FPSO facility, aided with subsea infrastructure.
Diamond Offshore has reported losses in the first half of 2019. The losses have more than doubled and pre-tax losses were registered to be £179 million. The total revenue of the company dropped down to £370m. Also, a backlog of £1.6bn was reported by the firm. However, Diamond has recently secured a new contract for Ocean GreatWhite.
Saudi Aramco has awarded an EPCI contract to McDermott International for a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Karan fields. The contract requires McDermott to carry out EPCI of Wellhead PDM for four wefalls, CRA cladded flowline, subsea umbilical cable, offshore tie-ins to existing facilities and electrical modifications to existing PDMs.
National Petroleum Construction Company and Petrofac JV have been awarded a contract with Al Yasat Petroleum. The JV will provide FEED services for the Belbazem Block Development Project in UAE. Under the work scope of the contract, the companies will have to submit a FEED package and an EPCI proposal for the facilities. Further, the CEO of NPCC is looking forward to the successful delivery of its share of work.
EPC giant, TechnipFMC yesterday informed about securing an EPC contract for Arctic LNG-2 project. The $7.6 billion contract consists of three 6.6 MTPA-LNG trains. The project, operated by Russia’s Novatek and its partners, aims at developing over 7 billion barrels of oil equivalent (boe) of resources. The project is estimated to have a total production capacity of 19.8 million tonnes per year.
Neptune Energy and BP have awarded Seagull development contract to TechnipFMC. Seagull North Sea development is a 50 million barrel project. Under the scope of this deal, the EPC giant will provide engineering, procurement, construction and installation (EPCI) services in a Target Cost contract. The offshore construction campaign is slated for commencement in the second quarter of 2020.