Adnoc750

Adnoc signs energy deals as UAE agrees $23bn investment in Indonesia

Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia’s Pertamina and Chandra Asri to explore the possibility of developing a crude-to-petrochemicals complex in the South East Asian nation in addition to potentially supplying naphtha, as the UAE agrees to invest $23 billion (Dh 83.68bn) in the country through a sovereign wealth fund being created by its President Joko Widodo.
The investment agreement by Adnoc is part of 11 business deals worth around 314.9 trillion Indonesian rupiah ($23bn), President Widodo announced on Twitter after he met Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces at the Qasr Al Watan Palace.



The UAE, the second-biggest Arab economy, plans to invest in Indonesia’s infrastructure and energy sectors, including projects such as the development of a new capital in Indonesia, Bloomberg reported citing a statement by the Indonesian cabinet secretariat on Monday. Japan’s SoftBank Group and the US International Development Finance Corporation are also eyeing taking part in the fund which is key in helping Indonesia meet its ambitious infrastructure programme, which requires more than $400bn of investment over the next five years.

The latest round of deals between the UAE and Indonesian firms follows $10bn to $15bn worth of agreements signed by companies such as Adnoc, Mubadala Investment Company and port operator DP World during a visit by Sheikh Mohamed to Jakarta last year.



Subsea 7 project

Subsea 7 Integration Alliance awarded contract offshore Senegal by Woodside for the Sangomar Field Development

Subsea 7 announced the award of a very large contract by Woodside to Subsea Integration Alliance(3) for the Sangomar Field Development Phase-1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal. This contract was initially awarded in December 2018 subject to final investment decision, which has now occurred.

The project work scope covers the engineering, procurement, construction, transportation and installation of the SURF system and associated subsea production systems (SPS). The development will include 23 wells, 107 km of rigid flowlines, 28 km of flexible risers and jumpers, and 45 km of umbilicals in water depths between 700 metres and 1400 metres.

Offshore activities will take place from 2021 to 2023 using Subsea 7’s reel-lay, flex-lay and light construction vessels.

The Subsea Integration Alliance team established during the Front End Engineering Design (FEED) phase will now transition into the full EPIC phase based at Subsea 7 Global Projects Centre (GPC) in Sutton, UK. SURF engineering will be performed by Subsea 7 GPC centres in Sutton and Suresnes, France. A base in Senegal will support the offshore campaign and conduct site receipt testing and equipment storage.

1q

Subsea 7 awarded EPCI contract by Aker BP for the Ærfugl Phase 2 gas field development, Norway

Subsea 7 announced the award of a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea.

This EPCI contract is a long-distance tie-back involving the application of Subsea 7’s Electrically Heat Traced Flowline (EHTF) technology for a distance of 13.5km from the subsea location to the existing Skarv infrastructure. Subsea 7 has a long-term subsea alliance agreement with Aker BP. 

Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication of the EHTF system will take place at Subsea 7’s spoolbase at Vigra, Norway with offshore operations taking place during 2020 and 2021.
Monica Th. Bjørkmann, Vice President Subsea 7 Norway said: “This award acknowledges Subsea 7 as a key partner in the delivery of pioneering technology, underlining our proven track record of safe and successful project execution in some of the harshest offshore environments. Electrically Heat Traced Flowlines have been developed by Subsea 7, in collaboration with InterPipe, to deliver leading insulation performance and enable cost-effective long-distance tie-backs. We look forward to continuing our alliance with Aker BP for the development of Ærfugl and future projects.”

Source: https://www.subsea7.com/

107

Petrofac secures US$120 million in Engineering & Production Services (EPS) awards

Petrofac announces awards and contract extensions with a combined value of more than US$120 million, delivering against the Group’s strategy to position Engineering & Production Services (“EPS”) for growth by diversifying into new markets and geographies.

The awards and contract extensions consist of the following:

  • EPS has secured its first small-scale Engineering, Procurement, Construction (EPC) contract in Malaysia. In consortium with partner Serba Dinamik, EPS has been awarded a contract by Asean Bintulu Fertiliser (ABF) Sdn Bhd, one of Malaysia’s largest fertiliser plants, for its Third Boiler Project. The ABF plant located in the central region of Sarawak, which started commercial production in 1985, is a subsidiary of PETRONAS Chemicals Group Berhad. The work scope for the 30-month project includes basic and detailed engineering, procurement, construction and commissioning of an additional package boiler (165 tonnes per hour) to improve overall plant reliability and availability and meet total steam demands of 510 tph.
  • EPS has also secured a new three-year Engineering, Procurement, Construction and Commissioning (EPCC) Framework Agreement (FA) with a North Sea operator. Future projects undertaken through the FA will be supported by Petrofac’s Aberdeen office, where the company is actively growing its engineering team and investing in its brownfield management system in support of its digitalisation strategy.
  • The new brownfield projects awards coincide with key North Sea contract extensions for EPS, including a two-year renewal of an existing seven-asset Operations and Maintenance contract, and the extension of EPS’ existing Engineering Services contract with Chevron North Sea to June 2020.

Source: www.petrofac.com