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AMEC wins healthcare contracts worth £33 MN
Joint Development Authority (JDA) has awarded exploration rights to ChevronTexaco JDZ Ltd, allowing it to conduct activities in deep-water Block-1 in the Joint Development Zone (JDZ). The award follows the company’s US$123 million bid, during October 2003, for the block, located offshore São Tomé and Príncipe and Nigeria, which was unveiled at a public ceremony in São Tomé. ChevronTexaco has a 51% interest in the block, which is located about 300 km north of the city of São Tomé in 1750 m of water. ExxonMobil has been awarded a 40% interest, with the remaining 9% going to Norwegian company Equity Energy Resources.
GAS DISCOVERED IN THE NILE DELTA BP Egypt has discovered gas in the Nile Delta region. The well lies 70 km Northeast of Port Said in the Seth development lease of the Ras El Barr (REB) concession, approximately 12 km to the north-east of the Ha’py gas field. The Taurt discovery well was drilled in 100 m of water to a total depth of 1571 m and encountered gas in four intervals. One interval was tested at 22 mmscf/d, and was constrained by the capacity of the test equipment. The natural gas has few impurities and is of similar high quality to that of the Ha’py field. The proximity of the Taurt discovery to the existing infrastructure reduces the development cycle time and makes this gas cost-effective, says BP. The working interest of the concession is split 50/50 between BP, the operator, and a local affiliate of energy company Ente Nazionale Idrocarburi (ENI).
Filtration Industry Analyst
DAEWOO INVESTS US$54 MN IN GAS PROJECT Over the next 12 months, South Korea’s Daewoo International Corp is to invest US$54 million in its gas field development project in Myanmar. Holding a 60% stake in the estimated 4–6 trillion ft3 gas project, Daewoo is planning to establish a local office in Myanmar with 30 employees.
FLUOR HELPS BP BUILD OFFSHORE PLATFORM BP has chosen Fluor Corp to help it construct a new offshore platform, in a US$20 million contract. BP’s Trinidad & Tobago operation chose the US company to provide front-end engineering and design, project engineering, procurement and construction management services for the gas-processing platform and other facilities. Located in Trinidad and Tobago, the completed project will comprise an unmanned offshore platform designed to process one billion ft3 of natural gas per day, a sub-sea pipeline to a nearby platform and a land-based facility to collect and meter nearly 3 billion ft3 of gas per day. The project is scheduled to be completed during June 2005.
ENGINEERING & CONSTRUCTION AMEC WINS HEALTHCARE CONTRACTS WORTH £33 MN Project management and services company AMEC has been chosen by two healthcare facility and service providers to deliver new patient facilities for the UK’s National Health Service.
In Yorkshire, it has won a contract worth £18 million for Chiltern Securities to design and build six healthcare centres across North Kirklees. In the South-East, Mercury Health has chosen the company as its preferred partner to design and build four new regional treatment centres. The value of this contract to AMEC will be around £15 million. AMEC, working with Nightingale Architects, has already started pre-construction activities, including planning, design and site survey and will begin building the first of the centres during June 2004.
CHEMICALS BAYER INVESTS IN HDI PLANT IN CHINA Bayer AG has signed an agreement with the Shanghai Chemical Industry Park Corp to build a production plant in China for the coating raw material hexamethylene diisocyanate (HDI). The plant will have a total capacity of up to 50 000 tonnes per year, and requires an investment of around US$100 million. Construction of the new facility is scheduled to begin during the third quarter of 2004. Caojing will become the main production site for Bayer Material Science’s coating raw materials in the Asia-Pacific Region. Initial production capacity for the precursor HDI will reach 30 000 tonnes per year by 2006. Over the next few years, a total investment of US$3.1 billion is scheduled for the integrated production site at Caojing, which is located near Shanghai. Bayer says that of this it will spend US$1.8 billion on new facilities for polymer production. Construction work has already begun in
some cases. Other projects worth a total of US$1.3 billion are also planned, but these will be tackled later.
TICONA EXPANDS LCP CAPACITY Ticona, a business of Celanese AG, is to expand its Vectra liquid crystal polymer (LCP) plant based in Shelby, North Carolina, USA. By de-bottlenecking the current facility, Ticona will increase capacity by 40%. It says that because of a rise in global demand, it needs to accelerate the increase in capacity to ensure it can continue to satisfy customer requirements. Ticona describes Vectra LCP as a high-performance plastic that is set apart from other semi-crystalline resins by its well-ordered, long, rigid, rod-like molecules. Its properties include good flow characteristics during moulding of thin-wall parts, excellent strength and chemical resistance, and outstanding dimensional stability of finished parts at high temperatures.
CONSORTIUM TO BUILD IRANIAN FERTILIZER COMPLEX Petrochemical Industries Development Management Co (PIDMCO), affiliated with Iran’s National Petrochemical Corp (NPC), has awarded a group of companies a contract to construct an ammonia plant and an urea plant in the Bandar Assaluyeh region of Iran. The consortium consists of Chiyoda Corp, Toyo Engineering Corp and Iranian engineering firm Petrochemical Industries Design and Engineering Co, with cooperation from Mitsui & Co Ltd. The ¥25 billion contract is scheduled to be completed during 2006.
3
MARKET PROSPECTS
June 2004
GAS DISCOVERED IN THE NILE DELTA BP Egypt has discovered gas in the Nile Delta region. The well lies 70 km Northeast of Port Said in the Seth development lease of the Ras El Barr (REB) concession, approximately 12 km to the north-east of the Ha’py gas field. The Taurt discovery well was drilled in 100 m of water to a total depth of 1571 m and encountered gas in four intervals. One interval was tested at 22 mmscf/d, and was constrained by the capacity of the test equipment. The natural gas has few impurities and is of similar high quality to that of the Ha’py field. The proximity of the Taurt discovery to the existing infrastructure reduces the development cycle time and makes this gas cost-effective, says BP. The working interest of the concession is split 50/50 between BP, the operator, and a local affiliate of energy company Ente Nazionale Idrocarburi (ENI).
Filtration Industry Analyst
DAEWOO INVESTS US$54 MN IN GAS PROJECT Over the next 12 months, South Korea’s Daewoo International Corp is to invest US$54 million in its gas field development project in Myanmar. Holding a 60% stake in the estimated 4–6 trillion ft3 gas project, Daewoo is planning to establish a local office in Myanmar with 30 employees.
FLUOR HELPS BP BUILD OFFSHORE PLATFORM BP has chosen Fluor Corp to help it construct a new offshore platform, in a US$20 million contract. BP’s Trinidad & Tobago operation chose the US company to provide front-end engineering and design, project engineering, procurement and construction management services for the gas-processing platform and other facilities. Located in Trinidad and Tobago, the completed project will comprise an unmanned offshore platform designed to process one billion ft3 of natural gas per day, a sub-sea pipeline to a nearby platform and a land-based facility to collect and meter nearly 3 billion ft3 of gas per day. The project is scheduled to be completed during June 2005.
ENGINEERING & CONSTRUCTION AMEC WINS HEALTHCARE CONTRACTS WORTH £33 MN Project management and services company AMEC has been chosen by two healthcare facility and service providers to deliver new patient facilities for the UK’s National Health Service.
In Yorkshire, it has won a contract worth £18 million for Chiltern Securities to design and build six healthcare centres across North Kirklees. In the South-East, Mercury Health has chosen the company as its preferred partner to design and build four new regional treatment centres. The value of this contract to AMEC will be around £15 million. AMEC, working with Nightingale Architects, has already started pre-construction activities, including planning, design and site survey and will begin building the first of the centres during June 2004.
CHEMICALS BAYER INVESTS IN HDI PLANT IN CHINA Bayer AG has signed an agreement with the Shanghai Chemical Industry Park Corp to build a production plant in China for the coating raw material hexamethylene diisocyanate (HDI). The plant will have a total capacity of up to 50 000 tonnes per year, and requires an investment of around US$100 million. Construction of the new facility is scheduled to begin during the third quarter of 2004. Caojing will become the main production site for Bayer Material Science’s coating raw materials in the Asia-Pacific Region. Initial production capacity for the precursor HDI will reach 30 000 tonnes per year by 2006. Over the next few years, a total investment of US$3.1 billion is scheduled for the integrated production site at Caojing, which is located near Shanghai. Bayer says that of this it will spend US$1.8 billion on new facilities for polymer production. Construction work has already begun in
some cases. Other projects worth a total of US$1.3 billion are also planned, but these will be tackled later.
TICONA EXPANDS LCP CAPACITY Ticona, a business of Celanese AG, is to expand its Vectra liquid crystal polymer (LCP) plant based in Shelby, North Carolina, USA. By de-bottlenecking the current facility, Ticona will increase capacity by 40%. It says that because of a rise in global demand, it needs to accelerate the increase in capacity to ensure it can continue to satisfy customer requirements. Ticona describes Vectra LCP as a high-performance plastic that is set apart from other semi-crystalline resins by its well-ordered, long, rigid, rod-like molecules. Its properties include good flow characteristics during moulding of thin-wall parts, excellent strength and chemical resistance, and outstanding dimensional stability of finished parts at high temperatures.
CONSORTIUM TO BUILD IRANIAN FERTILIZER COMPLEX Petrochemical Industries Development Management Co (PIDMCO), affiliated with Iran’s National Petrochemical Corp (NPC), has awarded a group of companies a contract to construct an ammonia plant and an urea plant in the Bandar Assaluyeh region of Iran. The consortium consists of Chiyoda Corp, Toyo Engineering Corp and Iranian engineering firm Petrochemical Industries Design and Engineering Co, with cooperation from Mitsui & Co Ltd. The ¥25 billion contract is scheduled to be completed during 2006.
3
MARKET PROSPECTS
June 2004