Shell Signs New Exploration Contracts With Petronas And Commences Work On The Gumusut-kakap Phase 3 Development

Sabah Shell Petroleum Company Limited (SSPC), Shell Sabah Selatan Sdn Bhd (SSS) and Sarawak Shell Bhd (SSB) signed three Production Sharing Contracts (PSC) with PETRONAS, to explore oil and gas offshore Sabah and Sarawak. SSPC and SSB will operate these exploration initiatives. These three PSCs will comprise exploration of blocks SK439/SK440 in shallow water, off the coast of Sarawak and exploration of blocks SB-2W and SB-X in deep water, off the coast of Sabah.

Ivan Tan, Chairman of Shell Malaysia and Senior Vice President Upstream Malaysia, signed the agreements on behalf of Shell, in the presence of Peter Costello, Shell’s Executive Vice President for Conventional Oil & Gas Upstream. On behalf of PETRONAS, the PSCs were signed by Mohamed Firouz Asnan, Senior Vice President of Malaysia Petroleum Management.

“The signing of these PSCs marks another growth milestone for Shell in Malaysia. Our long and successful partnership with PETRONAS in Malaysia continues, as together we seek to provide the energy of today while funding the energy of tomorrow. I look forward to further successful collaboration on growing a sustainable energy industry in Malaysia,” shared Peter.

At the same ceremony, Shell also signed the Joint Operating Agreements (JOAs) with our co-venturers PETRONAS Carigali Sdn Bhd (PCSB) for the deep water offshore blocks SB-2W and SB-X and separately with Petroleum Sarawak Exploration and Production Sdn. Bhd (PSEP) for the SK439/SK440 block.

Gumusut Kakap commences Phase 3 development

Apart from securing new exploration PSCs, Shell continues to invest in its existing fields in Malaysia. SSPC, the operator of the Gumusut-Kakap semi-submersible Floating Production System (GK-Semi FPS) located offshore Sabah, has commenced work on Phase 3 of the Gumusut-Kakap development. The Final Investment Decision (FID) was taken in August 2020. 

Phase 3 involves the drilling of a four well tie back to the GK-Semi FPS. The project, which involves the drilling of two producer wells and two water injection wells, is expected to achieve first oil this year.

“The signing of these PSCs, together with the commencement of Phase 3 of the Gumusut-Kakap development, demonstrate Shell’s continued commitment to the country and we will work to deliver these projects in a safe and responsible manner. I would like to thank PETRONAS and all our partners for their confidence and support, and look forward to further successful collaboration in Malaysia,” said Ivan.

Source: Shell

McDermott’s CB&I to Build Spheres for Largest Green Hydrogen Production Facility in North America

McDermott’s storage business, CB&I, will design and build two 500,000-gallon double-wall liquid hydrogen spheres for Plug Power Inc.’s new green hydrogen production facility in Genesee County, New York. The production facility, leveraging Plug Power’s proton exchange membrane (PEM) electrolyzer technology, is expected to produce 45 metric tons of green liquid hydrogen per day—making it the largest green hydrogen facility in North America.

The turnkey engineering, procurement and construction contract for both spheres also includes insulation, testing and painting with field erection taking place at Plug Power’s 30-acre site at the Western New York Science, Technology and Advanced Manufacturing Park, also known as WNY STAMP.

“There are countless companies talking about liquid hydrogen storage, but CB&I leads the industry in the timely mechanical completion for projects of this scale and significance,” said Cesar Canals, Senior Vice President, CB&I. “Plug Power is the single largest purchaser of liquid hydrogen in the world, and we are excited to be supporting them on this significant project.”

The stainless-steel inner sphere, which holds the liquid hydrogen, will measure nearly 52 feet in diameter with an internal design pressure of 30 pounds per square inch and a design temperature of negative 423 degrees Fahrenheit. The outer sphere, which acts as an insulation container, will be fabricated using carbon steel with a diameter of nearly 60 feet.

“Insulation is a critical component of any double-wall sphere and CB&I is one of the only contractors in the country with an Insulation Betterment Center dedicated to achieving the best designs for the quality and longevity of any insulation system,” said Canals. “Our insulation technology experts are involved from the start of any liquid hydrogen storage project to ensure that these systems achieve optimal thermal performance.”

The project has passed final investment decision and is currently under construction.

Source: McDermott

Maire Tecnimont S.p.A. : New awards for an overall value of approximately USD 200 MN in the technology-driven core business

Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted new awards and change orders for a total amount of approximately USD 200 million for licensing, engineering and procurement (EP) services as well as engineering, procurement and construction (EPC) activities. These contracts have been granted by prestigious international clients mainly in Europe, North Africa, the Middle East, Asia and North America.

In particular KT-Kinetics Technology, the Group’s licensor and EPC contractor, has been awarded a contract extension of an existing EPC project of gas monetization currently in execution in the Zohr Gas field (Egypt), one of the most important Mediterranean hubs for the production of natural gas. With this award the Group confirms its leading expertise in the valorization of natural gas, the only transition fuel capable of progressively industrializing energy transition.

Pierroberto Folgiero, Maire Tecnimont Group CEO commented: “With these new contracts we confirm the strong geographical diversification of our backlog, as we are best equipped to leverage gas monetization trends driving investments cycles in several strategic geographies where we operate. Moreover, these new orders, which include value-added and higher-margins projects, let us also further consolidate our positioning in the core business, while providing further evidence of the resilience of our technology-driven business model”.

Source: Maire Tecnimont

Petrofac secures North Sea contract extension with Spirit Energy

Petrofac, a leading international service provider to the energy industry, has been awarded a two-year Operations and Late Life Asset Support contract extension with Spirit Energy, building on its decade-long relationship with the Operator.

The contract includes the provision of Operations and Maintenance support for Spirit Energy’s York platform in the Southern North Sea, and Engineering, Project, and Consultancy services for all of the Operator’s North Sea assets.

Petrofac has supported Spirit Energy’s assets since 2012. From 2018 to 2019, it took part in preparation work for the decommissioning of the Operator’s Audrey and Ensign platforms.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business, said:

“The renewal of this key contract is demonstrative of the successful working relationship our respective teams have developed over the past ten years and the value Petrofac has been able to add in the late life operations phase. Our support of Spirit’s recent life extension project on York, which has increased production by three to four years, is a great example of this. We look forward to continuing in this vein.”

Source: Petrofac

Maire Tecnimont awarded USD230 MN Blue Ammonia project in the United States

Maire Tecnimont S.p.A. announces that its main contractor Tecnimont S.p.A. has been awarded a project on an EPCM basis by a leading global chemicals producer for the implementation of a Blue Ammonia plant in the United States as part of the Country’s plan to develop its energy transition industrial vision, through Maire Tecnimont Group’s cooperation with major players in the natural resource transformation sector.

The contract value is approximately USD230 MN USD. The plant entails a 3,000 tons per day Blue ammonia synloop plus the necessary utilities and facilities. Project Completion is expected as early as 2025.

“Blue” ammonia is produced from hydrogen derived from natural gas where the CO2 by-product is captured and sequestered to comply with the most stringent environmental requirements.

The contract’s scope of work includes full engineering activities and supply of all materials and equipment as well as construction supervision services, while Construction activities will be executed by another party under a different contract, which will be directly issued by the client.  Such contractual strategy is typically implemented in the US to better optimize the construction activities and mitigate both Maire Tecnimont Group’s and client’s risks, also leveraging Tecnimont USA’s expertise in managing construction activities and local content in the United States. 

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented:” This assignment is a concrete evidence of our strong positioning in the energy transition journey thanks to our technology-driven value proposition in these evolutionary times. United States represent one of the highest potential market to break the ice in industrial scale decarbonization initiatives. Blue ammonia is playing a pivotal role in the world-wide development of decarbonized value chains and we are eager to start working on this exciting project, as it will also pave the way for future opportunities driven by the Country’s large wave of investments in gas monetization and energy transition”. 

Source: Maire Tecnimont

Saudi Aramco Awards Schlumberger Gas Drilling Project

Schlumberger announced a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project.

The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling (MWD) and logging while drilling (LWD), drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance integrated drilling performance, including the DrillOps* on-target well delivery solution which uses data analysis, learning systems and automation to execute a digital well plan, improving drilling efficiency, consistency and performance.

“This contract award represents the continuation of an ongoing collaboration with Saudi Aramco,” said Tarek Rizk, MENA president, Schlumberger. “Through our committed teams, differentiated technology, and integrated drilling and well construction services we will work closely with Saudi Aramco on well delivery and set a new performance benchmark.”

This award represents a significant endorsement of Schlumberger’s fit-for-basin technology and domain expertise for gas well development in the region.

Source: Schlumberger

ADNOC Continues to Drive Upstream Growth as it Awards $658 Million Framework Agreements

Abu Dhabi National Oil Company (ADNOC) announced the award of framework agreements valued at $658 million (AED 2.4 billion) for cementing services as it continues to invest to enable drilling growth and expand its crude oil production capacity.  The framework agreements were awarded to Haliburton Worldwide Limited Abu Dhabi (Halliburton), Baker Middle East (Baker), Emirates Western Oil Well Drilling & Maintenance Co. (Emirates Western), NESR Energy Services (NESR) and Emjel Oil Field Services (Emjel), following a competitive tender process. 

These awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years. Over 65% of the award value could flow back into the United Arab Emirates (UAE) economy under ADNOC’s In-Country Value program over the duration of the agreements. Furthermore, skilled employment opportunities will be created for UAE Nationals by the successful companies who will also work to identify local manufacturing opportunities.

Yaser Saeed Almazrouei, ADNOC Upstream Executive Director, said: “The awards for cementing services will support the ongoing expansion of ADNOC’s drilling activities as we grow our production capacity, strengthening our position as a reliable global supplier of some of the world’s most carbon efficient barrels. In line with the UAE Leadership’s wise directives and as part of our strategy, we are prioritizing in-country value  and these awards will enable careers for UAE Nationals and new opportunities for the private sector, directly supporting the objectives of the UAE’s Principles of the 50.” 

The smart nature of the awards will enable ADNOC to realize hundreds of millions of dollars in cost savings. As an integral part of its 2030 strategy, ADNOC is optimizing its procurement strategy to reflect market dynamics, focusing on long-term contracts with an optimized number of suppliers that provide stable and reliable delivery at highly competitive rates.

The award for cementing services takes the total value of ADNOC’s drilling-related framework agreements and procurement awards since November 2021 to over $8.5 billion (AED31.2 billion). These awards will support ADNOC’s requirement to drill thousands of new wells as it increases its crude oil production capacity to five million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. 

Cementing is an important step in the drilling and completion of oil and gas wells. It involves mixing together cement slurry, additives and water and pumping the mixture between the rock formation and well casing to protect and seal the wellbore.

Source: Adnoc

Saipem awarded an offshore drilling contract by Aker BP worth 325 million USD

Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged.

Scarabeo 8 is a Saipem semisubmersible drilling rig able to work in harsh environments. It is a dual derrick deep water unit with a dynamic positioning system and with enhanced mooring capabilities. Scarabeo 8 meets the highest standards of the most stringent rules and regulations, and it has proven track records in working with most recognized Oil Companies in the challenging North Sea environment, from West Norway to the Barents Sea.

The contract duration is three years for an approximate value of 325 million dollars. The contract also includes the option of two one-year extensions and encompasses potential upsides among which a performance bonus scheme and a mechanism of rate adjustment to market rates from the third year onward.

Saipem previously worked successfully with Aker BP in 2018. This new long-term contract further consolidates the collaboration with the Norwegian company, also including the use of innovative solutions to deliver increasingly efficient, safe and environmentally focused operations.

Source: Saipem

Petrofac to explore feasibility of green hydrogen to ammonia facility in Egypt

Petrofac, a leading international service provider to the energy industry, has won its first new energies project in Egypt with an in-country subsidiary of Egypt-focused Mediterranean Energy Partners (MEP).

The project is an early-stage study assessing the feasibility of a new green hydrogen to ammonia facility that will target the production of 125,000 tonnes of green ammonia a year for export, using a mix of solar and wind energy. Petrofac’s scope will be key to successfully delivering the project and includes sizing the electrolysers and the feasibility of export facilities at Ain Sokhna Port on the Gulf of Suez.

Alex Haynes, Head of Business Development, New Energy Services, Petrofac, said:

“We’re delighted to be supporting Mediterranean Energy Partners with its strategic green energy project. This award builds on our growing track record in the new energy space and recent green hydrogen projects in Australia, the UK, and other global locations. Egypt is moving fast to develop its natural advantages for green energy with its abundant solar and wind resources, coupled with its strategic geographic location for exporting zero carbon products, and Petrofac is thrilled to be supporting this growth.”

Taner Sensoy, CEO of Mediterranean Energy Partners, commented: “We are excited to work with Petrofac on the feasibility of our export focused green hydrogen/ammonia production facility. We believe that green hydrogen will play a critical role in the energy transition. Egypt is uniquely positioned to provide low-cost renewable energy, access to export markets, and track record of hosting large scale projects with available talent, services, and infrastructure. We are eager to be part of Egypt’s success story in the energy transition ecosystem.”

Source: Petrofac

Aramco JV to develop major refinery and petrochemical complex in China

Aramco has taken the final investment decision to participate in the development of a major integrated refinery and petrochemical complex in Northeast China. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group, will develop the liquids-to-chemicals complex.

The decision, which is subject to finalization of transaction documentation, regulatory approvals and closing conditions, follows the establishment of HAPCO in December 2019 between the three partners. The project, which presents an opportunity for Aramco to supply up to 210,000 barrels per day of crude oil feedstock to the complex, is expected to be operational in 2024.

It will combine a 300,000 barrels per day refinery capacity and ethylene-based steam cracker, a building block petrochemical used to manufacture thousands of everyday products.

The facility, which will be built in the city of Panjin, in China’s Liaoning Province, will help meet the country’s growing demand for energy and chemical products.

Mohammed Al Qahtani, Aramco Senior Vice-President of Downstream, said: “China is a cornerstone of our downstream expansion strategy in Asia and an increasingly significant driver of global chemical demand. Continued energy security remains a shared priority and this partnership represents another major milestone in our journey together, supporting China’s vision to create a modern economy grounded in innovation, ambition and sustainability. It will further support Aramco’s broader objective of becoming a global leader in liquids-to-chemicals.”

Source: Aramco

L&T Construction awarded contracts for its Water & Effluent Treatment Business

The Water & Effluent Treatment Business of L&T Construction has secured various contracts.

The Gujarat Water Infrastructure Limited (GWIL) has placed engineering, procurement and construction orders for the design and construction of the Dhanki-Navda Bulk Pipeline project that aims to enhance water supply capacity to meet the future demands of Amreli, Junagadh, Botad and Rajkot districts of Gujarat. The scope includes design & construction of 99 Kms bulk transmission MS pipeline, 10.5 ML RCC raw water sump & pumphouse and associated electro-mechanical & instrumentation works.

The Business is also executing another bulk pipeline project at the same location for GWIL.

Further, the international arm of the Business has been awarded a project from a prestigious client for the Supply, Installation, Testing, and Commissioning of water distribution network and large meter connections in Dubai. The scope includes water distribution networks of 137 Km GRE Pipelines, micro tunnelling works, SCADA and associated Civil, Mechanical and Electrical Works.

This project adds another customer to our clientele signifying the expansion of the WET business in the Middle East

Source: L&T

Schlumberger Awarded Extensive Service Contract for Tilenga Onshore Oil Development in Uganda by TotalEnergies

Schlumberger announced that it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda.

The scope of the contract includes the provision of directional drilling services, upper completions, lower completions, artificial lift solutions, and wellheads for the Tilenga development, which comprises six fields with up to 426 wells, which will be developed across 31 wellpads.

“The Tilenga project is strategically significant to accelerated economic growth in Uganda. Schlumberger has committed to a comprehensive national content development plan, supporting TotalEnergies with environmental, social, and governance (ESG) initiatives and in-country value creation. This will be achieved through local capacity building, localization of supply chain, education development, HSE stewardship, and digital enablement,” said Wallace Pescarini, president, Offshore Atlantic, Schlumberger.

Drilling activities are expected to begin in Q4 2022.

Source: TotalEnergies

L&T Construction Awarded contracts for its Various Business

The Railways SBU of L&T Construction’s Transportation Infrastructure IC has secured an Engineering, Procurement & Construction (EPC) order from IRCON International LTD involving 25 kV Overhead Electrification, Signaling & Telecommunication, and associated works for 549 RKM/678 TKM railway lines pertaining to the Northeast Frontier Railway.

The project is part of the Central Government’s ‘Mission Electrification’ initiative aimed to electrify the entire Indian Railway network to reduce carbon footprint as well as expenditure on diesel.

The business is already executing four major EPC contracts from Central Organization for Railway Electrification (CORE) viz., EPC-01 (Delhi – Jaipur line), EPC-07 (Various sections of the Southern Railway), EPC-06 (Various sections of the North-Western Railway) and EPC-15A (Various sections of the Northeast Frontier Railway).

IRCON International LTD. is one of the implementing agencies responsible for carrying out the Railway Electrification works over the selected networks of Indian Railways.

Buildings & Factories:

The Factories Business of Buildings and Factories IC has secured a prestigious order from a global FMCG manufacturer for Design & Construction of a food processing facility in Gujarat, India. The scope involves Civil, Structural, Architectural and MEP Utility works including External Development Works.

The business has also secured an order from a prestigious client to expand a super specialty hospital in Kolkata by 250 beds on Design & Build basis. The built-up area of the project will be 2.61 Lakh Sq Ft. with a configuration of basement + ground + 10 floors structure including LINAC & PET CT facility. The project is located at a prime location. The logistics are challenging while the execution will have both offsite and onsite construction activities.

The scope of work involves Civil Structure using structural composite deck slab system with CFT columns, finishes & allied MEP services including medical gas piping, nurse call system, pneumatic tube system with external development and landscaping within site premises.

Source: L&T

Acwa Power Inks Power Purchase Agreement for 700 Mw Ar Rass Solar Pv Project in Saudi Arabia

ACWA Power, a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, and the Saudi Power Procurement Company (SPPC), the principal buyer, signed a power purchase agreement (PPA) to develop the 700 MW Ar Rass solar photovoltaic independent power plant (IPP) in Saudi Arabia’s Al Qassim province. The agreement was signed in the presence of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of Saudi Arabia.

Under the terms of the agreement, ACWA Power will sell energy produced by the project to SPPC for a period of 25 years. Valued at US$450 million (SAR 1.7billion), Ar Rass is the largest PV project that has been tendered as part of Saudi Arabia’s National Renewable Energy Programme (NREP) to date, for which ACWA Power has been earmarked to deliver 70% of the total 58.7 GW target.

ACWA Power will hold a (40.1%) stake in the facility, along with (20%) by the Water and Electricity Holding Company (Badeel), a wholly owned PIF Portfolio Company, and (39.9%) will be owned by the State Power Investment Corporation from China. When fully functional, the project will produce energy to power around 132,000 homes in central Saudi Arabia.

During the signing ceremony, the Minister of Energy announced that the energy sector aims to launch several renewable energy projects to produce approximately 15,000 megawatts of clean energy between the years 2022 and 2023, with the aim of diversifying the energy mix and achieving its designated targets.

His Royal Highness praised the relentless support of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, for his leadership and guidance in all areas that ensure the prosperity of the Kingdom and its citizens. His Royal Highness also expressed his gratitude for the support of His Royal Highness, Prince Mohammed Bin Salman Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense of Saudi Arabia, for his crucial role in empowering the energy sector, bolstered by his directives that drove the Kingdom to new heights. He emphasized that these newly introduced projects translate the Kingdom’s Vision 2030 into tangible outcomes, which ultimately contribute to reaching the Kingdom’s optimal energy mix and its shift from consuming liquid fuels in electricity production to gas and renewable energy.

The Ar Rass IPP is expected to reach financial close in Q4 2022.

In the Kingdom of Saudi Arabia, ACWA Power currently operates Sakaka, a 300MW solar facility, and is also working on constructing Sudair, a 1500 MW independent solar PV project with Saudi Aramco and the Water and Electricity Holding Company (Badeel), a wholly owned PIF Portfolio Company, which is considered the largest of its kind in the Kingdom of Saudi Arabia and one of the largest solar energy projects in the world.

Source: ACWA Power

ADNOC Onshore Awards $227M Contract for Enhanced Recovery at Bab Oilfield

ADNOC Onshore has awarded a contract worth $227 million (AED834 million) for enhanced oil recovery (EOR) that will see first-of-its-kind technology deployed at AbuDhabi’s giant Bab field.

Designed by ADNOC, the technology will use advanced polymers and CO2 captured from our Carbon Capture Utilization and Storage (CCUS) facility, Al Reyadah, to boost recoverable reserves up to 70% while unlocking additional barrels of Murban crude.

The project marks another step towards boosting oil production capacity to 5 million barrels per day by 2030.

The construction contract, awarded to M/s RobtStone (ME) LLC, will see more than 60% of the value flow back into the UAE’s economy under ADNOC’s flagship In-Country Value program. 

The award also increases ADNOC’s ability to safely and commercially store greater amounts of CO2, supporting our sustainability ambitions.

Source: ADNOC

QatarEnergy exercises contract options for North Field Expansion Project EPC-3 Contract with Técnicas Reunidas

QatarEnergy has exercised the North Field South Options for the North Field Expansion Project EPC-3 contract to expand the existing liquid product storage and loading facilities required for two future additional LNG trains that are planned for the North Field South project. 

The North Field Expansion Project EPC-3 contract, which was awarded on 19 August 2021 to Técnicas Reunidas, provides for the engineering, procurement, and construction (EPC) to expand the existing infrastructure for increased liquid production from four new LNG trains announced in February 2021 for the North Field East project with scheduled start-up of the first LNG train by year-end 2025. 

The exercise of the North Field South options includes the expansion of existing liquid storage and loading facilities for light naphtha and field condensate, propane and butane and the expansion of existing storage facilities for Mono-ethylene glycol, within Ras Laffan Industrial City. The planned duration of the project is now 47 months, and the contract value exceeds 800 million dollars.  

This contract is the culmination of front-end engineering and design (FEED) work that began in early 2018. When completed, the North Field East (NFE) Project will increase the State of Qatar’s liquefied natural gas (LNG) production capacity from 77 million tons per annum (Mtpa) to 110 Mtpa.  The second phase of the planned LNG expansion for the North Field South (NFS) Project, will further increase Qatar’s LNG production capacity from 110 Mtpa to 126 Mtpa. The NFE Project and NFS Project are both part of the North Field Expansion (NFXP) Project.

Source: Tecnicas Reunidas

THREE60 Energy has been awarded a contract by Shell UK to provide EPCC services to offshore facilities and onshore plants in the UK

THREE60 Energy has secured this contract as a direct result of a competitive tender process.

This significant contract win will run for an initial period of three years, with further extension options. The award will result in the continued growth of the THREE60 EPCC workforce. 

Alasdair Smith, Managing Director of THREE60 Energy’s EPCC business, said:

“We look forward to working together closely in the years ahead to bring additional value to Shell’s operations. We’re proud that our service offering, built on integrity, ownership, collaboration, and challenge, has been recognised by a global energy organisation such as Shell. We are particularly excited about playing our part in meeting Shell’s climate target of becoming a net-zero emissions energy business.”  

Walter Thain, Group CEO of THREE60 Energy, said:

“We are delighted to have been selected by Shell to provide core integrated engineering, procurement, and construction services across their UK facilities. Shell is an important customer to us, not only in the UK, but also across wider geographies where we support them in subsurface and operational geoscience services. It’s great to see our differentiated and value-adding delivery service given further recognition as we continue to support Shell’s successful transformation in line with the energy transition.”

THREE60 Energy has been delivering multi-discipline EPCC modifications, projects and support services since 2014. In recent months, its EPCC business has also achieved further success with the award of four contract extensions with UK operator customers. These cover a new two-year period with expanded scope. 

Source: THREE60 Energy

Santos and SK E&S Sign Mou to Develop CCS Projects in Australia

Santos, SK E&S, K-CCUS Association, CO2CRC and Korea Trade Insurance Corporation have signed a Memorandum of Understanding (MOU) to support and collaborate in the development of carbon dioxide (CO2) storage facilities.

Through the agreement, the organisations agreed to jointly develop carbon capture and storage (CCS) projects in Australia and the region, including Bayu-Undan in Timor Leste.

CCS at Bayu-Undan would have the potential capacity to safely and permanently store approximately 10 million tonnes of carbon dioxide per annum.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the MOU highlights growing momentum and action to reduce carbon emissions in the Asia Pacific.

“Increased deployment of carbon capture and storage is critical to achieve the world’s climate goals,” Mr Gallagher said.

“This agreement opens the potential for broader bilateral partnership and cooperation on CCS between Australia and Korea.

“Already partners in the Barossa Gas Project and Darwin LNG, the agreement further strengthens the deep and expanding relationship between SK E&S and Santos.

“We look forward to progressing this partnership to develop and commercialise CCS projects in our region on our path to a lower-emissions future.”

Source: Santos

Qiddiya announces SAR 2.8 billion construction contract to build Saudi’s first and region’s largest water theme park

Qiddiya Investment Company (QIC) announced the award of a SAR 2.8 billion ($750 million) contract to build Saudi Arabia’s first and the region’s largest water theme park. The contract was awarded to ALEC Saudi Arabia Engineering & Contracting and El Seif Engineering Contracting, in a joint venture between the two companies. The Qiddiya Water Theme Park will be one of the key entertainment attractions at Qiddiya, the future capital of Entertainment, Sports and Culture.

The agreement was formally signed between Qiddiya’s Managing Director Abdullah Aldawood, ALEC’s CEO Kez Taylor and El Seif’s CEO Ahmed Al-Bassam at a ceremony held at the Qiddiya Experience Center, followed by a ground-breaking ceremony to mark the start of construction.

The park will cover 252,000 square meters of land and will be home to 22 rides and attractions – including nine that will be world firsts. Visitors will also be able to enjoy nine innovatively designed zones – the Entry Gate, Camel Rock, Dub Grotto, Wave Wadi, the Den, Viper Canyon, Arabian Peak, the Herding Grounds and Surf Lagoon – inspired by the native animals that inhabit the area around Qiddiya. 

At the signing ceremony, Abdullah Aldawood, Board Member and Managing Director, QIC, commented: “The Qiddiya Water Theme Park will be a year-round immersive family entertainment destination, the first of its kind and offering experiences that have never before been offered in Saudi. We are pleased to be working with industry leaders like ALEC and El Seif, who will be using the latest in guest experience technologies to create what is certain to be one of the world’s greatest water theme parks. The park will offer our guests a chance to experience that in a welcoming and fun environment for everyone.”

Visitors will embark on an unforgettable adrenaline-fueled adventure at the Water Theme Park which will also feature state-of-the-art competition water sports facilities and 17 F&B and retail outlets. The park design will incorporate advanced environmental systems to minimize the use of water through recycling and smart usage in line with QIC’s sustainability practices. This will maximize the fun for visitors whilst significantly reducing the amount of water needed to operate the park.

Some rides have been designed to use 75% less water compared to the more conventional rides found in other water parks. In addition, rainwater that falls on the site will be captured, treated and reused for irrigating the destination.

The park will also integrate technologies to reduce water pressure in certain rides which will in turn reduce water evaporation by half. In addition, every pool in the complex will be based on a ‘run-out’ concept so that at the end of an exciting slide individuals will glide safely across a shallower pool that uses less water unlike traditional deeper pools used in other water parks.

Kez Taylor, CEO of ALEC, added: “We are proud to work on this landmark project in collaboration with El Seif. ALEC’s established expertise in large-scale theme park projects, honed through the successful delivery of other iconic water parks in the GCC, combined with the local expertise of El Seif will ensure the rides and infrastructure at the Qiddiya set new standards for the region, offering adventure seekers of all ages truly one-of-a-kind experiences.”

Ahmed Al-Bassam, CEO of El Seif, commented: “El Seif is one of the Kingdom’s leading engineering and construction companies that has built some of Saudi Arabia’s and the region’s best known iconic projects such as the Kingdom Tower, Princess Noura University and Haramain High Speed Rail Rabigh Station. El Seif and ALEC have formed a strategic alliance and are committed to be the JV of choice for large complex projects in KSA. We are thrilled to be awarded, with our JV partner ALEC, the contract for the Water Theme Park. We thank Qiddiya for its confidence in our JV and look forward to delivering a world-class entertainment facility together – the first in Saudi Arabia and the largest in the region.”

Qiddiya’s offering will be based on five cornerstones: Parks & Attractions, Sports & Wellness, Arts & Culture, Motion & Mobility and Nature & Environment, along with a variety of real estate options and community services. The Water Theme Park will be one of the key attractions of the Parks & Attractions cornerstone.

Source: Qiddiya