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SNAMPROGETTI WINS TURNKEY CONTRACT IN QATAR
December 2002
MARKET PROSPECTS
Pump Industry Analyst
The contract, worth about 100 million to TechnipCoflexip is for Pars Petrochemical Co, a wholly owned affiliate of the National Petrochemical Co of Iran. Within the framework of the project, Technip-Coflexip and Nargan will carry out the basic and detailed engineering, procurement of equipment and materials as well as construction, commissioning and startup for a 300 000-ton-per-year low density polyethylene unit using Stamicarbon technology. The engineering centre of Technip-Coflexip in Lyon, France, will execute the project in collaboration with Nargan, an Iranian engineering company based in Teheran in which Technip-Coflexip has a 20% stake. Work is scheduled to be completed in 34 months.
CSPC ANNOUNCES PROJECT ENGINEERS Technip-Coflexip in association with Chiyoda Corp and Mitsubishi Corp of Japan, has been awarded a contract for the engineering, procurement and construction of a major petrochemicals complex at Huizhou, Guandong Province, China. The world-scale complex will produce 560 000 tons per year (tpy) of styrene monomer, 250 000 tpy of propylene oxide, 135 000 tpy of polyols, 60 000 tpy of monopropylene glycol and 320 000 tpy of monoethylene glycol. The project is part of CNOOC and Shell Petrochemicals Co Ltd’s Nanhai Petrochemical Project, which is one of the largest Sino-foreign joint venture projects in China. Project engineering will be executed in Kuala Lumpur (Technip Malaysia) and in Shanghai (Technip Tianchen). The plants are expected to be on stream by the end of 2005.
4
OIL & GAS
supply products with specifications suitable for sale.
MARITIME WINS CASPIAN SEA DRILLING CONTRACT
SNAMPROGETTI WINS TURNKEY CONTRACT IN QATAR
The Aker Kvaerner subsidiary, Maritime Hydraulics AS (MH) in Kristiansand, Norway has signed a contract with BP for the delivery of two complete drilling installations for the ACG Phase 2-project in the Caspian Sea. The contract is worth NKr250–300 million. Comprised in the delivery are complete drilling equipment packages for two platforms in the Caspian Sea scheduled for delivery in 2003 and 2004, respectively. In addition to the actual equipment, MH will also be in charge of training and service follow-up in Baku, Azerbaijan. Project implementation and engineering will be carried out in Kristiansand, Norway.
Eni’s Snamprogetti subsidiary has been awarded a turnkey contract to implement a 4th train for the production of liquefied natural gas (LNG) at the Ras Laffan complex in Qatar. The plant, to be built on behalf of Ras Laffan Liquefied Gas Co Ltd II in joint venture with the Japanese companies Chiyoda and Mitsui & Co Ltd, will produce around 4.7 million tons per year (t/y) of LNG. It will provide additional capacity to the two existing LNG trains which currently produce 6.6 million t/y of liquefied gas. Snamprogetti and its joint venture partners will provide detailed engineering, procurement and construction for the facility, which will be completed during 2005.
SNAMPROGETTI TO BUILD LIBYAN GAS PLANT Snamprogetti, the Eni engineering and main contracting company, has been awarded a turnkey contract for the construction of a grass-root gas treatment plant at Mellitah, on the Libyan coast 80 kilometres west of Tripoli. An international consortium led by Snamprogetti and comprising ABB Lumus and Hyundai Engineering and Construction will provide engineering, material supply and construction. Work will be completed in 29 months. The 700 million contract was awarded by Agip Gas. The plant, which will have a capacity of 6.66 billion cubic metres per year, will treat raw gas and liquid hydrocarbons from the Libyan offshore fields and will
JGC/KBR TEAM RECEIVES US$745M EPC CONTRACT JGC/KBR, a 50/50 joint venture between JGC Corp of Yokohama, Japan and Kellogg Brown & Root, has won a contract for the engineering, procurement and construction (EPC) of the In Amenas Project facilities, infrastructure and pipeline systems in southern Algeria for BP/Sonatrach. The In Amenas development will span four production fields covering an area of more than 2750 sq kms. The engineering, procurement and construction contract will involve gas processing facilities, product pipelines and other infrastructure such as roads, accommodations and offices.
Pipeline-grade gas, liquefied petroleum gases and condensate products will be pipelined some 110 kms for delivery to Sonatrach’s pipeline grid at Ohanet. Engineering will be executed from London, with the project taking around three years to reach the performance-testing stage.
MARATHON TO DEVELOP SUBSEA GAS WELL IN IRELAND Marathon International Petroleum Ireland Ltd, a wholly owned subsidiary of Marathon Oil Corp, will be drilling and developing an additional subsea gas well in the Kinsale Head area of the Celtic Sea offshore Ireland. The company will complete the well using a subsea tieback to Marathon’s existing Kinsale Head Bravo Platform. The target date for completion of the project is July 2003.
STATOIL TO UP KARSTO CAPACITY MW Kellogg Ltd, KBR’s affiliate company in London, has been awarded a major contract for engineering, procurement and construction assistance work (EPCA) to expand the processing capacity of the Karsto treatment complex located 60 kilometres north of Stavanger, in Rogaland. The NKr650 million contract was awarded by Statoil, on behalf of Gassco. Final sanction of the project is expected during December 2002. The expanded plant will receive and process gas from Statoil’s Kristin development in the Norwegian Sea. The construction project runs until October 2005, in time for Kristin to begin gas production on the first day of that month.
MARKET PROSPECTS
Pump Industry Analyst
The contract, worth about 100 million to TechnipCoflexip is for Pars Petrochemical Co, a wholly owned affiliate of the National Petrochemical Co of Iran. Within the framework of the project, Technip-Coflexip and Nargan will carry out the basic and detailed engineering, procurement of equipment and materials as well as construction, commissioning and startup for a 300 000-ton-per-year low density polyethylene unit using Stamicarbon technology. The engineering centre of Technip-Coflexip in Lyon, France, will execute the project in collaboration with Nargan, an Iranian engineering company based in Teheran in which Technip-Coflexip has a 20% stake. Work is scheduled to be completed in 34 months.
CSPC ANNOUNCES PROJECT ENGINEERS Technip-Coflexip in association with Chiyoda Corp and Mitsubishi Corp of Japan, has been awarded a contract for the engineering, procurement and construction of a major petrochemicals complex at Huizhou, Guandong Province, China. The world-scale complex will produce 560 000 tons per year (tpy) of styrene monomer, 250 000 tpy of propylene oxide, 135 000 tpy of polyols, 60 000 tpy of monopropylene glycol and 320 000 tpy of monoethylene glycol. The project is part of CNOOC and Shell Petrochemicals Co Ltd’s Nanhai Petrochemical Project, which is one of the largest Sino-foreign joint venture projects in China. Project engineering will be executed in Kuala Lumpur (Technip Malaysia) and in Shanghai (Technip Tianchen). The plants are expected to be on stream by the end of 2005.
4
OIL & GAS
supply products with specifications suitable for sale.
MARITIME WINS CASPIAN SEA DRILLING CONTRACT
SNAMPROGETTI WINS TURNKEY CONTRACT IN QATAR
The Aker Kvaerner subsidiary, Maritime Hydraulics AS (MH) in Kristiansand, Norway has signed a contract with BP for the delivery of two complete drilling installations for the ACG Phase 2-project in the Caspian Sea. The contract is worth NKr250–300 million. Comprised in the delivery are complete drilling equipment packages for two platforms in the Caspian Sea scheduled for delivery in 2003 and 2004, respectively. In addition to the actual equipment, MH will also be in charge of training and service follow-up in Baku, Azerbaijan. Project implementation and engineering will be carried out in Kristiansand, Norway.
Eni’s Snamprogetti subsidiary has been awarded a turnkey contract to implement a 4th train for the production of liquefied natural gas (LNG) at the Ras Laffan complex in Qatar. The plant, to be built on behalf of Ras Laffan Liquefied Gas Co Ltd II in joint venture with the Japanese companies Chiyoda and Mitsui & Co Ltd, will produce around 4.7 million tons per year (t/y) of LNG. It will provide additional capacity to the two existing LNG trains which currently produce 6.6 million t/y of liquefied gas. Snamprogetti and its joint venture partners will provide detailed engineering, procurement and construction for the facility, which will be completed during 2005.
SNAMPROGETTI TO BUILD LIBYAN GAS PLANT Snamprogetti, the Eni engineering and main contracting company, has been awarded a turnkey contract for the construction of a grass-root gas treatment plant at Mellitah, on the Libyan coast 80 kilometres west of Tripoli. An international consortium led by Snamprogetti and comprising ABB Lumus and Hyundai Engineering and Construction will provide engineering, material supply and construction. Work will be completed in 29 months. The 700 million contract was awarded by Agip Gas. The plant, which will have a capacity of 6.66 billion cubic metres per year, will treat raw gas and liquid hydrocarbons from the Libyan offshore fields and will
JGC/KBR TEAM RECEIVES US$745M EPC CONTRACT JGC/KBR, a 50/50 joint venture between JGC Corp of Yokohama, Japan and Kellogg Brown & Root, has won a contract for the engineering, procurement and construction (EPC) of the In Amenas Project facilities, infrastructure and pipeline systems in southern Algeria for BP/Sonatrach. The In Amenas development will span four production fields covering an area of more than 2750 sq kms. The engineering, procurement and construction contract will involve gas processing facilities, product pipelines and other infrastructure such as roads, accommodations and offices.
Pipeline-grade gas, liquefied petroleum gases and condensate products will be pipelined some 110 kms for delivery to Sonatrach’s pipeline grid at Ohanet. Engineering will be executed from London, with the project taking around three years to reach the performance-testing stage.
MARATHON TO DEVELOP SUBSEA GAS WELL IN IRELAND Marathon International Petroleum Ireland Ltd, a wholly owned subsidiary of Marathon Oil Corp, will be drilling and developing an additional subsea gas well in the Kinsale Head area of the Celtic Sea offshore Ireland. The company will complete the well using a subsea tieback to Marathon’s existing Kinsale Head Bravo Platform. The target date for completion of the project is July 2003.
STATOIL TO UP KARSTO CAPACITY MW Kellogg Ltd, KBR’s affiliate company in London, has been awarded a major contract for engineering, procurement and construction assistance work (EPCA) to expand the processing capacity of the Karsto treatment complex located 60 kilometres north of Stavanger, in Rogaland. The NKr650 million contract was awarded by Statoil, on behalf of Gassco. Final sanction of the project is expected during December 2002. The expanded plant will receive and process gas from Statoil’s Kristin development in the Norwegian Sea. The construction project runs until October 2005, in time for Kristin to begin gas production on the first day of that month.