Petrofac JV Nabs $135-Million Contract for Kazakhstan Water-Treating Facilities
Petrofac and joint venture partner Isker secured a $135-million engineering, procurement, construction, precommissioning, and commissioning (EPCC) contract with North Caspian Operating Company, operator of s the North Caspian Project in Kazakhstan.
The EPCC is for new water-treating facilities, and the scope of the 30-month project includes an inlet stream screening, feedwater tanks, oil skimmers, treated-wastewater storage and pumps, and sludge treatment and utilities.
The North Caspian Project is the first major offshore oil and gas development in Kazakhstan, which covers the Kashagan, Kairan, Aktoty, and Kashagan South West fields.
The Kashagan field has approximately 9–13 billion bbl (1–2 billion tonnes) of recoverable oil. The Kashagan reservoir lies 80 km offshore from the city of Atyrau in 3–4 m of water and is more than 4 km deep (4,200 m).
Oil production at Kashagan began in 2016, with current production at 380,000 B/D.
Oil-Production Costs Reach New Lows, Making Deepwater One of the Cheapest Sources of Novel Supply
In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.
Cyberhawk To Provide Drone Services to Middle East LNG Company
Cyberhawk will provide drone inspection, surveying, data visualization services, and inspection reports.
TechnipFMC Joins Breidablikk Development With EPCI contract
The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
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08 October 2020
07 October 2020
09 October 2020