Técnicas Reunidas awarded project to participate in the 40% increase of Qatar´s liquified natural gas production

Qatar Petroleum has awarded Técnicas Reunidas an engineering, procurement, and construction (EPC) project for the expansion of onshore facilities located in the northeast of the Qatari peninsula associated with production from the North Field.

The initial scope of the project, to be executed over 41 months, is for the completion of an “EPC- 3 package” required for the expansion of liquid products storage and loading that are by-products of the LNG liquefaction process. Qatargas Operating Company Limited, Qatar Petroleum’s affiliate, organized the EPC-3 tender and will implement and supervise the implementation of the project by Tecnicas Reunidas on behalf of Qatar Petroleum.

The EPC-3 package includes the construction of liquid products rundown lines, lean gas pipeline for gas delivery into Qatar Petroleum’s domestic gas grid, the expansion of the Ras Laffan Terminal Operations (RLTO) product storage and loading facilities, Monoethylene glycol (MEG)

storage and transfer facilities expansion, and CO2 sequestration pipeline and associated facilities at CO2 injection wellheads.

The initial amount of the project has been estimated in more than 500 million US dollars. Nevertheless, the award also foresees several additional options that Qatar Petroleum may execute within a 3-month validity period after the contract is signed. These activities will mean an expansion of the liquid products storage and loading to handle future expansion of two additional LNG trains. The value of these works would substantially increase the total amount of the project already awarded to Tecnicas Reunidas and is to be announced at a future date upon execution of options by Qatar Petroleum.

Natural gas is considered an essential energy source that continues to enable the energy transition process. Its liquefied by-products, propane and butane, are clean fuels and therefore essential to achieving the sustainable energy goals set by the United Nations.

This project extends the work that Técnicas Reunidas has been carrying out in Qatar since 2006.

The North Field Expansion Project

Qatar Petroleum’s North Field, located off the northeast coast of the Qatari peninsula, is the largest non-associated natural gas field in the world.

The project, for which Técnicas Reunidas has been contracted, supports Qatar Petroleum’s plans to increase Qatar’s liquefaction natural gas (LNG) production capacity from 77 to 110 million tonnes per year. The additional LNG production is expected to commence in late 2025.

Source: Técnicas Reunidas

McDermott receives Conditional Letter of Award for EPCC Contract of Tilenga Project

Ugandan Onshore Oil Fields Expected to Generate 200K BPD, Bolster Economic Growth
HOUSTON, June 9, 2021 /PRNewswire/ — A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corporation today announced it has received a conditional Letter of Award for the future contract valued at approximately $2 billion from Total for the Tilenga project. Formal contract award remains subject to Tilenga Partners approval. The Tilenga project is located in the Lake Albert Basin, Republic of Uganda and is the centerpiece of oil projects projected to bring investments of over $10 billion to Uganda and Tanzania. Tilenga includes six oil fields and will feature 426 oil wells at full production.

The consortium will provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oil field that will generate up to 200,000 barrels per day (BPD). It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines.

“This is a first step which allows launching the detailed engineering and procurement activities before the final approval by the Partners. This prestigious project demonstrates the continuity and strength of our business relationship with TotalEnergies and their partners CNOOC International of China and Uganda National Oil Company (UNOC),” said Tareq Kawash, Senior Vice President, Europe, Middle East, Africa. “This is a momentous and essential project for Uganda for the development of its national companies and citizens—and as we continue to grow our footprint in Africa, we are committed to expanding local content opportunities in the communities in which we operate.”

The project will stimulate economic growth in Uganda and create up to 20,000 direct and indirect jobs, bringing a significant number of meaningful training opportunities for the local labor force. McDermott is committed to implementing these projects in a manner that fully addresses the sensitive environmental context and the needs of all stakeholders in the area.

“This important step further strengthens years of successful collaboration with TotalEnergies on a wide portfolio of world-class projects in the Offshore, Petrochemicals and LNG segments—where TotalEnergies is a major stakeholder,” said Samik Mukherjee, McDermott’s Group Senior Vice President for Projects.

The project will be led from McDermott’s offices West of London, United Kingdom and Sinopec’s office in Yangzhou, China, before transitioning to Uganda for the construction activities. Work began in second quarter 2021 and first oil is expected in 2025.

Source: www.mcdermott-investors.com