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BP makes Gulf of Mexico discovery
INDEX/MARKET PROSPECTS
Pump Company Index ABS Aker Solutions Alfa Laval Allweiler Almatec Ampco-Pittsburgh Andritz Baker Hughes BHEL Bjørge Blackmer Cardo Colfax Crane Curtiss-Wright DMW Dover DXP Enterprises Ebara Energy Recovery Flowserve FLSmidth Franklin Electric Gardner Denver GEA GE Gévelot GIW GLV Godwin Pumps Gorman-Rupp Graco Grundfos GUD Holdings Hamilton Sundstrand Hamworthy Hayward Tyler Hyundai Heavy Industries Idex Ingersoll Rand Interpump ITT ITT Goulds Iwaki Iwaki America Iwaki Pumps John Wood Group Kirloskar Brothers KSB Kubota Lawrence Pumps Layne Christensen Met-Pro Metso National-Oilwell Varco Neptune Pentair Pfeiffer Vacuum Robbins & Myers Roper Industries Roto Schlumberger Shakti Siemens SKF Spirax Sarco SPX Sterling Fluid Systems Stuart Turner Sulzer Teikoku Electric Textron Torishima Tsurumi United Technologies Weatherford Weir Wilden Wood Group WPIL
2
Pump Industry Analyst
14 14 12,14,15 12 10 13,15 14,15 15 15 15 10 14,15 11,14,15 15 5,13,15 15 10,15 12,13 6,14,15 15 10,11,15 14,15 8,15 8,13,15 12,14 15 14,15 10 8,14,15 10 8,15 15 10 15 10 14,15 11,12 15 1,13,15 15 14 1,11,12,13,15 14 16 16 16 15 15,16 14,15 14,15 11 15 9,10,15 14,15 15 10 12,13,15 14,15 9,13,15 15 15 15 15 14 15 15 15 16 10 11,15 15 15 15 15 15 15 13,15 10 10,14,15 15
OIL & GAS
BP makes Gulf of Mexico discovery
B
P America Inc has announced an oil discovery at its Freedom Prospect in the deepwater Gulf of Mexico. The well, located in Mississippi Canyon Block 948, approximately 70 miles southeast of the Louisiana Coast, is in about 6100 feet of water. An appraisal will determine the size and commerciality of the discovery. The well is operated by BP Exploration & Production Inc, a wholly-owned subsidiary of BP America Inc, with a 25% working interest, and includes co-owners Noble Energy Inc (37.5%), Samson Offshore Co (25%) and Marathon Oil Co (12.5%).
FW awarded FEED for Algerian gas fields development
F
oster Wheeler Ltd is to undertake a front-end engineering design (FEED) contract for BP Exploration (El Djazair) Ltd on behalf of the In Salah Gas Joint Venture for the Southern Fields Development Project in Algeria. In Salah Gas (ISG), the largest dry gas joint-venture development in Algeria, involves the development of seven proven gas fields in the southern Sahara. On-stream since July 2004, ISG produces nine billion cubic meters of gas per year from three northern fields. It is also the world’s first full-scale carbon dioxide capture project at an onshore gas field. The ISG venture is run by Sonatrach, BP and StatoilHydro. The In Salah Southern Gas Fields Development Project, the second phase of the ISG development, will maintain gas production at plateau levels when production from the three northern fields goes into decline. It involves the development of the four fields to the south of the current development. Foster Wheeler will update the basis of design, develop the technical data, specifications and requisitions and provide a detailed cost estimate in order to define the engineering, procurement and construction scope of work.
Fluor expands Sibur gas processing in Russia
F
luor Corp has been awarded an engineering, procurement and construction management (EPCM) contract by the Russian petrochemical company Sibur Group for a gas processing expansion project in Noyabrsk, Russia. Fluor’s project scope includes the EPCM services for the expansion and upgrade of the Vyngayakhinskaya compressor station, the compressor station 3 of the Nizhnevartovsk gas processing complex, and the Vyngapurovsky gas processing plant and associated pipelines, as well as a liquefied petroleum gas storage and loading facility in Noyabrsk.
Saipem secures offshore contracts in Azerbaijan, South America
S
aipem has won three new offshore contracts worth more than US$1.1 billion in Azerbaijan, Brazil and Venezuela. In Azerbaijan, Saipem has signed a fiveyear Underwater Service Contract Longterm Agreement with BP Exploration (Caspian Sea) Ltd. Saipem will be responsible for the inspection, maintenance and repair of the existing BP facilities in the Azeri offshore, including the platforms installed previously by Saipem. BP has an option to extend the contract by two years. Saipem has also won the Petrobras contract for the Uruguà-Mexilhão pipeline in Brazil. Saipem will transport, install and test an 18”, 174 km gas pipeline in the Santos Basin, offshore Brazil. The pipeline will link the floating production, storage and offloading vessel Cidade de Santos to the Mexilhão gas platform. The project work is scheduled to finish by the end of March 2010. In Venezuela, PDVSA Gas SA has awarded Saipem the contract for the Dragon – CIGMA pipeline in the Mariscal Sucre complex in offshore north-east Venezuela. Saipem will transport and install a 115 km,
October 2008
Pump Company Index ABS Aker Solutions Alfa Laval Allweiler Almatec Ampco-Pittsburgh Andritz Baker Hughes BHEL Bjørge Blackmer Cardo Colfax Crane Curtiss-Wright DMW Dover DXP Enterprises Ebara Energy Recovery Flowserve FLSmidth Franklin Electric Gardner Denver GEA GE Gévelot GIW GLV Godwin Pumps Gorman-Rupp Graco Grundfos GUD Holdings Hamilton Sundstrand Hamworthy Hayward Tyler Hyundai Heavy Industries Idex Ingersoll Rand Interpump ITT ITT Goulds Iwaki Iwaki America Iwaki Pumps John Wood Group Kirloskar Brothers KSB Kubota Lawrence Pumps Layne Christensen Met-Pro Metso National-Oilwell Varco Neptune Pentair Pfeiffer Vacuum Robbins & Myers Roper Industries Roto Schlumberger Shakti Siemens SKF Spirax Sarco SPX Sterling Fluid Systems Stuart Turner Sulzer Teikoku Electric Textron Torishima Tsurumi United Technologies Weatherford Weir Wilden Wood Group WPIL
2
Pump Industry Analyst
14 14 12,14,15 12 10 13,15 14,15 15 15 15 10 14,15 11,14,15 15 5,13,15 15 10,15 12,13 6,14,15 15 10,11,15 14,15 8,15 8,13,15 12,14 15 14,15 10 8,14,15 10 8,15 15 10 15 10 14,15 11,12 15 1,13,15 15 14 1,11,12,13,15 14 16 16 16 15 15,16 14,15 14,15 11 15 9,10,15 14,15 15 10 12,13,15 14,15 9,13,15 15 15 15 15 14 15 15 15 16 10 11,15 15 15 15 15 15 15 13,15 10 10,14,15 15
OIL & GAS
BP makes Gulf of Mexico discovery
B
P America Inc has announced an oil discovery at its Freedom Prospect in the deepwater Gulf of Mexico. The well, located in Mississippi Canyon Block 948, approximately 70 miles southeast of the Louisiana Coast, is in about 6100 feet of water. An appraisal will determine the size and commerciality of the discovery. The well is operated by BP Exploration & Production Inc, a wholly-owned subsidiary of BP America Inc, with a 25% working interest, and includes co-owners Noble Energy Inc (37.5%), Samson Offshore Co (25%) and Marathon Oil Co (12.5%).
FW awarded FEED for Algerian gas fields development
F
oster Wheeler Ltd is to undertake a front-end engineering design (FEED) contract for BP Exploration (El Djazair) Ltd on behalf of the In Salah Gas Joint Venture for the Southern Fields Development Project in Algeria. In Salah Gas (ISG), the largest dry gas joint-venture development in Algeria, involves the development of seven proven gas fields in the southern Sahara. On-stream since July 2004, ISG produces nine billion cubic meters of gas per year from three northern fields. It is also the world’s first full-scale carbon dioxide capture project at an onshore gas field. The ISG venture is run by Sonatrach, BP and StatoilHydro. The In Salah Southern Gas Fields Development Project, the second phase of the ISG development, will maintain gas production at plateau levels when production from the three northern fields goes into decline. It involves the development of the four fields to the south of the current development. Foster Wheeler will update the basis of design, develop the technical data, specifications and requisitions and provide a detailed cost estimate in order to define the engineering, procurement and construction scope of work.
Fluor expands Sibur gas processing in Russia
F
luor Corp has been awarded an engineering, procurement and construction management (EPCM) contract by the Russian petrochemical company Sibur Group for a gas processing expansion project in Noyabrsk, Russia. Fluor’s project scope includes the EPCM services for the expansion and upgrade of the Vyngayakhinskaya compressor station, the compressor station 3 of the Nizhnevartovsk gas processing complex, and the Vyngapurovsky gas processing plant and associated pipelines, as well as a liquefied petroleum gas storage and loading facility in Noyabrsk.
Saipem secures offshore contracts in Azerbaijan, South America
S
aipem has won three new offshore contracts worth more than US$1.1 billion in Azerbaijan, Brazil and Venezuela. In Azerbaijan, Saipem has signed a fiveyear Underwater Service Contract Longterm Agreement with BP Exploration (Caspian Sea) Ltd. Saipem will be responsible for the inspection, maintenance and repair of the existing BP facilities in the Azeri offshore, including the platforms installed previously by Saipem. BP has an option to extend the contract by two years. Saipem has also won the Petrobras contract for the Uruguà-Mexilhão pipeline in Brazil. Saipem will transport, install and test an 18”, 174 km gas pipeline in the Santos Basin, offshore Brazil. The pipeline will link the floating production, storage and offloading vessel Cidade de Santos to the Mexilhão gas platform. The project work is scheduled to finish by the end of March 2010. In Venezuela, PDVSA Gas SA has awarded Saipem the contract for the Dragon – CIGMA pipeline in the Mariscal Sucre complex in offshore north-east Venezuela. Saipem will transport and install a 115 km,
October 2008