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KRISTIN CONTRACT FOR HALLIBURTON
8/21/02
5:38 PM
Page 3
September 2002
Total investment in the project is about 320 million. Production will start at the end of 2004.
KRISTIN CONTRACT FOR HALLIBURTON Halliburton has won a contract worth about NKr260 million, including options, covering drilling and well fluids and cementing services for the Kristin development in the Norwegian Sea. The contract represents the exercise of options in Statoil’s framework agreement with Halliburton. In addition to drilling and completion fluids and cementing, it covers pumping and personnel services. The field is expected to deliver about 35 billion m3 of gas to 2016. Estimated output of condensate (light oil) and natural gas liquids over the same period will be 220 million barrels and 8.5 million tonnes, respectively. Placed by Statoil on behalf of the licensees in the Norwegian Sea gas and condensate field, the job runs initially for two years until the autumn of 2004, but can be extended to 2006. Drilling work will take place from the summer of 2003 to the summer of 2006.
LINDE RECEIVES LNG CONTRACT FROM NORWAY Linde AG will build Europe’s largest liquefied natural gas (LNG) plant on Melkøya island near Hammerfest, Norway, north of the Arctic Circle, for the international Snøhvit Group. The contract includes tank storage facilities for natural gas at a temperature of –162°C, the provision of specialized equipment needed to load the liquefied gas onto tankers, and project management, engineering, procurement and construction
Filtration Industry Analyst
supervision services for the entire liquefaction plant. The facility will have the capacity to produce 4.3 million tons per year of LNG and will be ready for commercial production by 2006. The plant is destined to process gas from the Snøhvit and other fields in the Barents Sea. The total value of the contracts will be 380 million. The Snøhvit Group is a consortium of oil companies comprising amongst others Statoil ASA and Norsk Hydro from Norway as well as the French TotalFinaElf SA.
PETROCHEMICALS EXXONMOBIL AWARDS CONTRACT TO TECHNIP ExxonMobil Production recently awarded TechnipCoflexip the engineering and supply of a syngas plant for its acid gas injection project in LaBarge, Wyoming. The plant will produce 15 million standard cubic feet per day of hydrogen contained in a syngas stream, using natural gas as the feedstock. Completion of the project is scheduled for January 2003.
FLUOR AWARDED CLEAN FUELS PROJECT IN AUSTRIA Fluor Corp has been selected by OMV Austria to perform engineering, procurement and construction management services on the upgrade of the company’s existing clean diesel and clean gasoline units. The contract value to Fluor is US$15 million. The contract calls for the revamping of OMV’s units to produce clean diesel with
lower sulphur content and clean gasoline with lower aromatics content for use in automobiles to comply with new clean fuels regulations. Fluor’s scope of work also includes the modification of two large columns and compressors, optimization of a naphtha treater, a new reactor and a new dehexanizer. Project completion is scheduled for March 2004.
POWER GENERATION VA TECH TO SUPPLY BHUTAN PLANT An Austrian consortium led by VA Tech Hydro has been awarded an order worth around 30 million to construct a turnkey power station in Bhutan. VA Tech Hydro is to supply the entire hydro-mechanical equipment for the facility, Alstom Power Austria will provide the electrical equipment, Verbundplan will be responsible for construction planning, and Alpine Mayreder will carry out all civil work. The order was placed by the government of Bhutan. The total installed capacity of the new facility is 42 MW. It is an environmentally friendly bypass power plant featuring two horizontal Pelton units of 21 MW each. VA Tech Hydro will also supply the penstocks. Start-up of the new plant is scheduled for 2004.
ITOCHU AND HITACHI RECEIVE GAS TURBINES ORDER Itochu Corp and Hitachi Ltd have signed a contract to supply five units of gas turbines for a liquefied natural gas (LNG) terminal under construction in Damietta, Egypt.
The contract was awarded by joint-venture company KJT, which is owned by Kellogg Brown & Root, USA, Japan Gasoline Corp, and Tecnicas Reunidas, Spain. The facility will be the first LNG terminal in Egypt. The H-25 gas turbines will be used to supply electricity to the Damietta LNG terminal. Their delivery is expected to take place towards the middle of 2003.
HYUNDAI TO BUILD DIESEL POWER PLANT IN ISRAEL Hyundai Heavy Industries Co Ltd (HHI) has been awarded an engineering, procurement and construction contract by Noga Paz Omega (NPO) for the construction of a 15 MW diesel power plant near Haifa, Israel. NPO will operate the plant under the supervision of Hyundai. Commercial operation is scheduled for November 2003.
ALSTOM SUPPLIES GAS TURBINE TO TURKMENISTAN Alstom has won its first order to supply a gas turbine for Turkmenistan. Under the terms of the contract, awarded by ABB Switzerland Ltd, Alstom will supply a 5.05 MWe Typhoon gas turbine generating set for power generation on an existing oil field. The gas-fuelled Typhoon generating set is a factoryassembled package, which incorporates the gas turbine, gearbox, generator and all systems mounted on a single underbase. Turbine controls, generator control panel and motor control centre are also package-mounted. The equipment has been
3
MARKET PROSPECTS
FIASept.qxd
5:38 PM
Page 3
September 2002
Total investment in the project is about 320 million. Production will start at the end of 2004.
KRISTIN CONTRACT FOR HALLIBURTON Halliburton has won a contract worth about NKr260 million, including options, covering drilling and well fluids and cementing services for the Kristin development in the Norwegian Sea. The contract represents the exercise of options in Statoil’s framework agreement with Halliburton. In addition to drilling and completion fluids and cementing, it covers pumping and personnel services. The field is expected to deliver about 35 billion m3 of gas to 2016. Estimated output of condensate (light oil) and natural gas liquids over the same period will be 220 million barrels and 8.5 million tonnes, respectively. Placed by Statoil on behalf of the licensees in the Norwegian Sea gas and condensate field, the job runs initially for two years until the autumn of 2004, but can be extended to 2006. Drilling work will take place from the summer of 2003 to the summer of 2006.
LINDE RECEIVES LNG CONTRACT FROM NORWAY Linde AG will build Europe’s largest liquefied natural gas (LNG) plant on Melkøya island near Hammerfest, Norway, north of the Arctic Circle, for the international Snøhvit Group. The contract includes tank storage facilities for natural gas at a temperature of –162°C, the provision of specialized equipment needed to load the liquefied gas onto tankers, and project management, engineering, procurement and construction
Filtration Industry Analyst
supervision services for the entire liquefaction plant. The facility will have the capacity to produce 4.3 million tons per year of LNG and will be ready for commercial production by 2006. The plant is destined to process gas from the Snøhvit and other fields in the Barents Sea. The total value of the contracts will be 380 million. The Snøhvit Group is a consortium of oil companies comprising amongst others Statoil ASA and Norsk Hydro from Norway as well as the French TotalFinaElf SA.
PETROCHEMICALS EXXONMOBIL AWARDS CONTRACT TO TECHNIP ExxonMobil Production recently awarded TechnipCoflexip the engineering and supply of a syngas plant for its acid gas injection project in LaBarge, Wyoming. The plant will produce 15 million standard cubic feet per day of hydrogen contained in a syngas stream, using natural gas as the feedstock. Completion of the project is scheduled for January 2003.
FLUOR AWARDED CLEAN FUELS PROJECT IN AUSTRIA Fluor Corp has been selected by OMV Austria to perform engineering, procurement and construction management services on the upgrade of the company’s existing clean diesel and clean gasoline units. The contract value to Fluor is US$15 million. The contract calls for the revamping of OMV’s units to produce clean diesel with
lower sulphur content and clean gasoline with lower aromatics content for use in automobiles to comply with new clean fuels regulations. Fluor’s scope of work also includes the modification of two large columns and compressors, optimization of a naphtha treater, a new reactor and a new dehexanizer. Project completion is scheduled for March 2004.
POWER GENERATION VA TECH TO SUPPLY BHUTAN PLANT An Austrian consortium led by VA Tech Hydro has been awarded an order worth around 30 million to construct a turnkey power station in Bhutan. VA Tech Hydro is to supply the entire hydro-mechanical equipment for the facility, Alstom Power Austria will provide the electrical equipment, Verbundplan will be responsible for construction planning, and Alpine Mayreder will carry out all civil work. The order was placed by the government of Bhutan. The total installed capacity of the new facility is 42 MW. It is an environmentally friendly bypass power plant featuring two horizontal Pelton units of 21 MW each. VA Tech Hydro will also supply the penstocks. Start-up of the new plant is scheduled for 2004.
ITOCHU AND HITACHI RECEIVE GAS TURBINES ORDER Itochu Corp and Hitachi Ltd have signed a contract to supply five units of gas turbines for a liquefied natural gas (LNG) terminal under construction in Damietta, Egypt.
The contract was awarded by joint-venture company KJT, which is owned by Kellogg Brown & Root, USA, Japan Gasoline Corp, and Tecnicas Reunidas, Spain. The facility will be the first LNG terminal in Egypt. The H-25 gas turbines will be used to supply electricity to the Damietta LNG terminal. Their delivery is expected to take place towards the middle of 2003.
HYUNDAI TO BUILD DIESEL POWER PLANT IN ISRAEL Hyundai Heavy Industries Co Ltd (HHI) has been awarded an engineering, procurement and construction contract by Noga Paz Omega (NPO) for the construction of a 15 MW diesel power plant near Haifa, Israel. NPO will operate the plant under the supervision of Hyundai. Commercial operation is scheduled for November 2003.
ALSTOM SUPPLIES GAS TURBINE TO TURKMENISTAN Alstom has won its first order to supply a gas turbine for Turkmenistan. Under the terms of the contract, awarded by ABB Switzerland Ltd, Alstom will supply a 5.05 MWe Typhoon gas turbine generating set for power generation on an existing oil field. The gas-fuelled Typhoon generating set is a factoryassembled package, which incorporates the gas turbine, gearbox, generator and all systems mounted on a single underbase. Turbine controls, generator control panel and motor control centre are also package-mounted. The equipment has been
3
MARKET PROSPECTS
FIASept.qxd