- Email: [email protected]
SNC-Lavalin to build, maintain Algerian thermal plant
extension for Fluor and AMEC to undertake the full engineering, procurement and construction management. The Enfield floating production, storage and offloading (FPSO) facility – which will come on line in 2006 and will process up to 100 000 barrels of oil per day – will operate in water depths of approximately 2000 feet. It will have a storage capacity of up to 1 million barrels. The FPSO will be based on a tanker vessel being built by South Korea’s Samsung Heavy Industries.
QATAR LNG PLANT TO SERVE US MARKET Qatar Petroleum and ConocoPhillips are to develop Qatargas 3, a large-scale liquefied natural gas (LNG) project in Qatar servicing the US natural gas market. Qatargas 3 will include the facilities to produce gas from Qatar’s North Field, yielding about 7.5 million tons of LNG per year, in a new, first-of-class LNG train to be built at Ras Laffan Industrial City. ConocoPhillips will purchase the LNG and be responsible for regasification and marketing within the US. Startup is expected in 2008–2009.
TEXACO OVERHAUL CONTRACT FOR AKER KVAERNER Aker Kvaerner is to overhaul the Vacuum Distillation Unit (VDU) at the Texaco refinery in Pembroke, South West Wales, UK. The shutdown and overhaul are due to take place in September. A pre-shutdown phase will take place over 60 days, when temporary pipes are installed prior to the actual unit shutdown.
Filtration Industry Analyst
LUKOIL, TECHNIP FORM RUSSIAN JV LUKOIL-Neftegazstroy and Technip Germany are to create a 50/50 joint venture company to develop oil and gas production, processing and refining projects. The joint venture will have the exclusive right to bid on contracts that both parties want to pursue together in Russia and, occasionally, in other countries. The cooperation includes all onshore projects other than drilling activities.
POWER GENERATION DUKE ENERGY, FLUOR TO DISSOLVE JV The Duke/Fluor Daniel (D/FD) partnership is to be dissolved. Fluor Corp requested the dissolution of the joint venture following the continued decline in demand for construction of new power generation. The two partners are working to develop a plan for the orderly wind up of the D/FD business over the next two years. As projects are completed, Duke Energy and Fluor will both work to transition D/FD employees back into their separate businesses, where possible.
SAIPEM SECURES NIGERIAN CONSTRUCTION CONTRACTS Eni’s Saipem has been awarded two major lump sum turnkey contracts, worth US$490 million, for separate projects offshore Nigeria. The Nigerian National Petroleum Corp/Mobil Producing Nigeria Unlimited joint
venture has awarded Saipem subsidiary Saibos a turnkey lump sum contract for the East Area Additional Oil Recovery Project, offshore Kwa Iboe. The contract includes engineering, procurement, construction and installation of three platforms and the laying of approximately 160 km of pipelines. The offshore installation phase will be carried out by the Castoro Otto vessel between late 2004 and the second quarter of 2005. Meanwhile Elf Petroleum Nigeria Ltd has awarded a Saibos-led consortium a lump sum turnkey contract for the extension of the Amenam field facilities, offshore Bonny. The work includes engineering, procurement, construction and installation for a production platform and a bridge. Once again the Castoro Otto vessel will carry out the installation phase between late 2004 and the end of 2005.
EIB FUNDS 2ND PHASE OF NUBARIYA PLANT The European Investment Bank (EIB) has made a 150 million long-term loan to the Egyptian Electricity Holding Co to build the second module of the Nubariya power plant. This loan follows an initial 150 million granted by the EIB in September last year for phase one of the 4550 GWh/a gas-fired combinedcycle plant, which is scheduled for commercial operation in 2007.
ZIMMER, LURGI TO CONSTRUCT POLYESTER PLANT IN SPAIN Zimmer AG and Lurgi Española SA are to supply and build a polyester polycondensation plant on a turnkey basis for the Spanish PET producer Brilén SA.
The plant is due to go on stream in the fourth quarter of 2004 in Barbastro in the Aragón region. Based on Zimmer’s continuous polycondensation process, it will produce 115 500 tons of chips for polyester bottles each year using terephthalic acid and ethylene glycol as raw materials. While Zimmer provides the technology, engineering and equipment and supervises the installation and commissioning of the plant, Lurgi Española is in charge of the erection and performance of the installation activities.
SNC-LAVALIN TO BUILD, MAINTAIN ALGERIAN THERMAL PLANT SNC-Lavalin Constructors International Inc has secured two contracts from Shariket Kahraba Skikda Spa; one, for nearly US$600 million, to design and build a 723 MW combined cycle thermal power plant in the Skikda region of Algeria, and the other to operate and maintain the plant, once it is built. SNC-Lavalin will execute all engineering, procurement and construction for the plant. Work is set to start immediately and will take approximately 32 months to complete. Once construction is finished, SNCLavalin will operate and maintain the plant for 12 years, with the possibility of a further 12year extension. The plant is the first to be built under new regulations designed to foster private investment in the Algerian power sector.
FW TO UPGRADE SPANISH POWER PLANT Foster Wheeler Iberia SA’s Energy Division is to upgrade Endesa’s four steam-generating units at the As Pontes power plant in La Coruna, Spain.
3
MARKET PROSPECTS
August 2003
QATAR LNG PLANT TO SERVE US MARKET Qatar Petroleum and ConocoPhillips are to develop Qatargas 3, a large-scale liquefied natural gas (LNG) project in Qatar servicing the US natural gas market. Qatargas 3 will include the facilities to produce gas from Qatar’s North Field, yielding about 7.5 million tons of LNG per year, in a new, first-of-class LNG train to be built at Ras Laffan Industrial City. ConocoPhillips will purchase the LNG and be responsible for regasification and marketing within the US. Startup is expected in 2008–2009.
TEXACO OVERHAUL CONTRACT FOR AKER KVAERNER Aker Kvaerner is to overhaul the Vacuum Distillation Unit (VDU) at the Texaco refinery in Pembroke, South West Wales, UK. The shutdown and overhaul are due to take place in September. A pre-shutdown phase will take place over 60 days, when temporary pipes are installed prior to the actual unit shutdown.
Filtration Industry Analyst
LUKOIL, TECHNIP FORM RUSSIAN JV LUKOIL-Neftegazstroy and Technip Germany are to create a 50/50 joint venture company to develop oil and gas production, processing and refining projects. The joint venture will have the exclusive right to bid on contracts that both parties want to pursue together in Russia and, occasionally, in other countries. The cooperation includes all onshore projects other than drilling activities.
POWER GENERATION DUKE ENERGY, FLUOR TO DISSOLVE JV The Duke/Fluor Daniel (D/FD) partnership is to be dissolved. Fluor Corp requested the dissolution of the joint venture following the continued decline in demand for construction of new power generation. The two partners are working to develop a plan for the orderly wind up of the D/FD business over the next two years. As projects are completed, Duke Energy and Fluor will both work to transition D/FD employees back into their separate businesses, where possible.
SAIPEM SECURES NIGERIAN CONSTRUCTION CONTRACTS Eni’s Saipem has been awarded two major lump sum turnkey contracts, worth US$490 million, for separate projects offshore Nigeria. The Nigerian National Petroleum Corp/Mobil Producing Nigeria Unlimited joint
venture has awarded Saipem subsidiary Saibos a turnkey lump sum contract for the East Area Additional Oil Recovery Project, offshore Kwa Iboe. The contract includes engineering, procurement, construction and installation of three platforms and the laying of approximately 160 km of pipelines. The offshore installation phase will be carried out by the Castoro Otto vessel between late 2004 and the second quarter of 2005. Meanwhile Elf Petroleum Nigeria Ltd has awarded a Saibos-led consortium a lump sum turnkey contract for the extension of the Amenam field facilities, offshore Bonny. The work includes engineering, procurement, construction and installation for a production platform and a bridge. Once again the Castoro Otto vessel will carry out the installation phase between late 2004 and the end of 2005.
EIB FUNDS 2ND PHASE OF NUBARIYA PLANT The European Investment Bank (EIB) has made a 150 million long-term loan to the Egyptian Electricity Holding Co to build the second module of the Nubariya power plant. This loan follows an initial 150 million granted by the EIB in September last year for phase one of the 4550 GWh/a gas-fired combinedcycle plant, which is scheduled for commercial operation in 2007.
ZIMMER, LURGI TO CONSTRUCT POLYESTER PLANT IN SPAIN Zimmer AG and Lurgi Española SA are to supply and build a polyester polycondensation plant on a turnkey basis for the Spanish PET producer Brilén SA.
The plant is due to go on stream in the fourth quarter of 2004 in Barbastro in the Aragón region. Based on Zimmer’s continuous polycondensation process, it will produce 115 500 tons of chips for polyester bottles each year using terephthalic acid and ethylene glycol as raw materials. While Zimmer provides the technology, engineering and equipment and supervises the installation and commissioning of the plant, Lurgi Española is in charge of the erection and performance of the installation activities.
SNC-LAVALIN TO BUILD, MAINTAIN ALGERIAN THERMAL PLANT SNC-Lavalin Constructors International Inc has secured two contracts from Shariket Kahraba Skikda Spa; one, for nearly US$600 million, to design and build a 723 MW combined cycle thermal power plant in the Skikda region of Algeria, and the other to operate and maintain the plant, once it is built. SNC-Lavalin will execute all engineering, procurement and construction for the plant. Work is set to start immediately and will take approximately 32 months to complete. Once construction is finished, SNCLavalin will operate and maintain the plant for 12 years, with the possibility of a further 12year extension. The plant is the first to be built under new regulations designed to foster private investment in the Algerian power sector.
FW TO UPGRADE SPANISH POWER PLANT Foster Wheeler Iberia SA’s Energy Division is to upgrade Endesa’s four steam-generating units at the As Pontes power plant in La Coruna, Spain.
3
MARKET PROSPECTS
August 2003