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BP TO SPEND US$15 BILLION IN THE GULF OF MEXICO
Filtration Industry Analyst
MARKET PROSPECTS
Filtration Company Index Alfa Laval 1,13,15 Aqua Care Systems 15,16 Baker Hughes 15 BBA Group 11 BBA Materials Technology 11 Bekaert 7 Best Water Technology 16 BGF Industries 12 Blue Industries 11 Calgon Carbon 13 Ceco Environmental 15 Christ Water Technology 16 Christ Water Technology Shanghai 16 Clarcor 15 Crown Andersen 15 Culligan 1 Cummins 15 Cuno 15 Danish Separation Systems 1 Davnor Water Treatment Technologies 12 Domnick Hunter 15 Donaldson 15 DSS Silkeborg 1 Emergency Filtration Products 11 Envirogen 15 Enviro Voraxial Technology 11 Fedders 11,15 Flanders 8,15 Fratelli Testori 10 Fuji Filter 10 GEA Filtration 16 GL&V 15 Gradipore 13 Heimbach 11 H2O Innovation 15 Hydranautics 10 Hyflux 10,13,15 International Water-Guard 11 Ionics 7,15 Krauss-Maffei Process Technology 5 Larox 16 Mannesmann Demag Krauss-Maffei 5 McLeod Russel 11,12,15 Membrane Technology and Research 12 Membrex 6 Met-Pro 10,15 Metso 8 MFRI 15 Micron Separations 6 Millipore 15 Mitsubishi Chemical 13 Mott 7 MPM Technologies 13 Mykrolis 15 Osmonics 6,10,15 Pall 1,10,13,15 Parker Hannifin 11,13,15 Peerless Mfg 15 Pentair 1,15 Plymouth Products 1 Porvair 15 puraDYN Filter Technologies 11,13 Rotex 10 Sartorius 15 Scheibler Filters 16 Severn Trent Services 11 Smithbrook Waste Management Systems 12 Solvay Advanced Polymers 12 SPX 11,13 Svedala Industri 8 Thomas Josef Heimbach 11 USFilter 1,10 Vita Nonwovens 12 Vivendi Environnement 1 Waterlink 9 Westfalia Separator 11 Whatman 11,15 Zenon Environmental 9,15
2
October 2002
POWER GENERATION FW TO BUILD 600 MW POWER PLANT IN PENNSYLVANIA Foster Wheeler Ltd’s subsidiary Foster Wheeler Power Group Inc has been awarded a US$200 million engineering, procurement and construction contract by LMB Funding Ltd Partnership for a nominal 600 MW capacity combined-cycle natural-gas-fired power plant. The project will include two gas-turbine generators and one steam-turbine generator designed for high efficiency operation with very low levels of emissions from the combustion process. The power island turbine generator and steam generator equipment have been pre-purchased by the plant owner and delivery of components has already begun. Construction is underway at the Lower Mount Bethel project located in Bangor, Pennsylvania. Operation of the plant is scheduled to begin at the end of 2003.
OIL & GAS BP TO SPEND US$15 BILLION IN THE GULF OF MEXICO BP expects to spend at least US$15 billion during the next 10 years on exploration, development and production activities in the Gulf of Mexico. BP’s CEO, Lord Browne of Madingley, said the company’s spending on its deepwater Gulf operations should reach at least US$15 billion during the next decade as it develops its vast holdings in the region.
The bulk of that will be spent drilling wells and developing fields that have already been discovered. BP is one of the largest operators in the deepwater Gulf, with more than 335 000 barrels of oil equivalent per day of production from its deepwater holdings, and reserves estimated at 3.5 billion barrels. BP has an equity stake in nine of the 10 largest fields discovered to date in the Gulf. Lord Browne said the development of seven key new projects over the next several years would occupy a significant part of the business agenda.
DTI APPROVES BRAEMAR FIELD DEVELOPMENT PLAN The UK Department of Trade and Industry (DTI) has approved Marathon Oil UK Ltd’s development plan for the Braemar Field and the Brae–Miller Link Line in the UK North Sea. Braemar is a gas and condensate reservoir located in UK Continental Shelf Block 16/3c in the Central North Sea in a water depth of around 125 m. Gas and condensate will be produced from a single subsea wellhead. It will then be transported 12 km in an insulated pipe-in-pipe flowline to the Marathon-operated East Brae platform where the gas and liquids will be processed. Liquids will be delivered from East Brae to the Forties pipeline system for transportation ashore. First production is expected in the fourth quarter of 2003 at an initial gross rate of the order of 46 million cubic feet of gas per day and 4000 barrels of condensate. Braemar gas has been contracted to the Miller Group and will be delivered to the Miller platform under a gas swap agreement between the
Braemar and Brae owners. A new 9 km, 16 inch Brae–Miller Link Line will be laid from the Brae B platform to the BPoperated Miller platform for this purpose. Marathon will manage the design, construction, installation and tie-in of the Link Line, which will be operated by BP and which is scheduled for completion in the third quarter of 2003.
MINING SANDVIK GAINS MATERIALS HANDLING ORDERS Sandvik Materials Handling has secured several large orders for advanced systems for materials handling, with a total order value of about SKr400 million. The orders are for customized plants with very high capacity for the handling of coal and iron ore in the Asian markets, including ports in Australia and India, mines in China, and a power plant in Taiwan. An order has also been received for a biofuel-fired power plant in Germany during the same period.
JGC WINS NICKEL CONTRACT IN PHILIPPINES JGC Corp and JGC Philippines Inc have won a ¥16 billion lump-sum, turnkey contract to build an intermediary nickel products plant in the Philippines. JGC will carry out detailed design and the procurement of materials and equipment at its headquarters in Yokohama. JGC Philippines will handle part of the detailed design, the construction, and provide commissioning assistance. The plant will process lowgrade nickel oxide ore stockpiled at the Rio Tuba mine to
MARKET PROSPECTS
Filtration Company Index Alfa Laval 1,13,15 Aqua Care Systems 15,16 Baker Hughes 15 BBA Group 11 BBA Materials Technology 11 Bekaert 7 Best Water Technology 16 BGF Industries 12 Blue Industries 11 Calgon Carbon 13 Ceco Environmental 15 Christ Water Technology 16 Christ Water Technology Shanghai 16 Clarcor 15 Crown Andersen 15 Culligan 1 Cummins 15 Cuno 15 Danish Separation Systems 1 Davnor Water Treatment Technologies 12 Domnick Hunter 15 Donaldson 15 DSS Silkeborg 1 Emergency Filtration Products 11 Envirogen 15 Enviro Voraxial Technology 11 Fedders 11,15 Flanders 8,15 Fratelli Testori 10 Fuji Filter 10 GEA Filtration 16 GL&V 15 Gradipore 13 Heimbach 11 H2O Innovation 15 Hydranautics 10 Hyflux 10,13,15 International Water-Guard 11 Ionics 7,15 Krauss-Maffei Process Technology 5 Larox 16 Mannesmann Demag Krauss-Maffei 5 McLeod Russel 11,12,15 Membrane Technology and Research 12 Membrex 6 Met-Pro 10,15 Metso 8 MFRI 15 Micron Separations 6 Millipore 15 Mitsubishi Chemical 13 Mott 7 MPM Technologies 13 Mykrolis 15 Osmonics 6,10,15 Pall 1,10,13,15 Parker Hannifin 11,13,15 Peerless Mfg 15 Pentair 1,15 Plymouth Products 1 Porvair 15 puraDYN Filter Technologies 11,13 Rotex 10 Sartorius 15 Scheibler Filters 16 Severn Trent Services 11 Smithbrook Waste Management Systems 12 Solvay Advanced Polymers 12 SPX 11,13 Svedala Industri 8 Thomas Josef Heimbach 11 USFilter 1,10 Vita Nonwovens 12 Vivendi Environnement 1 Waterlink 9 Westfalia Separator 11 Whatman 11,15 Zenon Environmental 9,15
2
October 2002
POWER GENERATION FW TO BUILD 600 MW POWER PLANT IN PENNSYLVANIA Foster Wheeler Ltd’s subsidiary Foster Wheeler Power Group Inc has been awarded a US$200 million engineering, procurement and construction contract by LMB Funding Ltd Partnership for a nominal 600 MW capacity combined-cycle natural-gas-fired power plant. The project will include two gas-turbine generators and one steam-turbine generator designed for high efficiency operation with very low levels of emissions from the combustion process. The power island turbine generator and steam generator equipment have been pre-purchased by the plant owner and delivery of components has already begun. Construction is underway at the Lower Mount Bethel project located in Bangor, Pennsylvania. Operation of the plant is scheduled to begin at the end of 2003.
OIL & GAS BP TO SPEND US$15 BILLION IN THE GULF OF MEXICO BP expects to spend at least US$15 billion during the next 10 years on exploration, development and production activities in the Gulf of Mexico. BP’s CEO, Lord Browne of Madingley, said the company’s spending on its deepwater Gulf operations should reach at least US$15 billion during the next decade as it develops its vast holdings in the region.
The bulk of that will be spent drilling wells and developing fields that have already been discovered. BP is one of the largest operators in the deepwater Gulf, with more than 335 000 barrels of oil equivalent per day of production from its deepwater holdings, and reserves estimated at 3.5 billion barrels. BP has an equity stake in nine of the 10 largest fields discovered to date in the Gulf. Lord Browne said the development of seven key new projects over the next several years would occupy a significant part of the business agenda.
DTI APPROVES BRAEMAR FIELD DEVELOPMENT PLAN The UK Department of Trade and Industry (DTI) has approved Marathon Oil UK Ltd’s development plan for the Braemar Field and the Brae–Miller Link Line in the UK North Sea. Braemar is a gas and condensate reservoir located in UK Continental Shelf Block 16/3c in the Central North Sea in a water depth of around 125 m. Gas and condensate will be produced from a single subsea wellhead. It will then be transported 12 km in an insulated pipe-in-pipe flowline to the Marathon-operated East Brae platform where the gas and liquids will be processed. Liquids will be delivered from East Brae to the Forties pipeline system for transportation ashore. First production is expected in the fourth quarter of 2003 at an initial gross rate of the order of 46 million cubic feet of gas per day and 4000 barrels of condensate. Braemar gas has been contracted to the Miller Group and will be delivered to the Miller platform under a gas swap agreement between the
Braemar and Brae owners. A new 9 km, 16 inch Brae–Miller Link Line will be laid from the Brae B platform to the BPoperated Miller platform for this purpose. Marathon will manage the design, construction, installation and tie-in of the Link Line, which will be operated by BP and which is scheduled for completion in the third quarter of 2003.
MINING SANDVIK GAINS MATERIALS HANDLING ORDERS Sandvik Materials Handling has secured several large orders for advanced systems for materials handling, with a total order value of about SKr400 million. The orders are for customized plants with very high capacity for the handling of coal and iron ore in the Asian markets, including ports in Australia and India, mines in China, and a power plant in Taiwan. An order has also been received for a biofuel-fired power plant in Germany during the same period.
JGC WINS NICKEL CONTRACT IN PHILIPPINES JGC Corp and JGC Philippines Inc have won a ¥16 billion lump-sum, turnkey contract to build an intermediary nickel products plant in the Philippines. JGC will carry out detailed design and the procurement of materials and equipment at its headquarters in Yokohama. JGC Philippines will handle part of the detailed design, the construction, and provide commissioning assistance. The plant will process lowgrade nickel oxide ore stockpiled at the Rio Tuba mine to