Showing posts with label EPCI Contract. Show all posts
Showing posts with label EPCI Contract. Show all posts

Tuesday, May 7, 2019

Case Study: iEPCI at Karish - OFFSHORE ENGINEER

Image: TechnipFMC
April 25, 2019
Willy Gauttier 

An integrated approach to subsea services is the driving force behind a major project being performed by UK-based TechnipFMC at the deepwater Karish field, offshore Israel, in the Mediterranean Sea.

The integrated engineering, procurement, construction and installation (iEPCI) award for Energean Oil & Gas’ Karish development at 1,750 meters water depth marks the largest iEPCI project the company has undertaken to date.

The $1.4 billion Karish gas project is one of 12 iEPCI projects TechnipFMC has been awarded throughout the globe. The company’s approach to comprehensive integrated solutions is designed to strengthen the economics of subsea projects and help unlock first oil and gas faster.

The integrated full-field subsea offer includes subsea architecture design; subsea development and integrated project execution; and optional performance enhancement via inspection, maintenance and repair.

“Bringing together complementary skills and advanced technologies through integrated solutions can boost efficiency, lower costs and accelerate schedules,” said Senior Project Director Steve Duthie.

Thursday, December 20, 2018

Letter of intent for the award of new E&C offshore word order for the ramp up to plateau phase of the Zohr field development project, worth more than 1.2 billion USD - SAIPEM

20 December 2018

San Donato Milanese (Milan), December 20, 2018 - Saipem and Petrobel have negotiated an offshore contract addendum worth more than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

Petrobel is a 50-50 joint venture between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and IEOC, Rosneft, BP and Mubadala Petroleum.

The current addendum to the work includes the installation of a second 30-inch diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deep water (up to 1700 metres) of 10 wells.

The Ramp Up to Plateau phase is scheduled to commence in January 2019, in direct continuity with the Optimised Ramp Up phase which has been completed in an outstanding 17-month project execution period from its contract award.

Wednesday, June 13, 2018

SUBSEA 7 awarded contract offshore Egypt - SUBSEA 7

13 Jun 2018

Subsea 7 announced today the award of a sizeable(1) engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt.

The scope includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has already commenced at Subsea 7’s office in Cairo, Egypt and Paris, France. Fabrication of the subsea structures and spools will be carried out at Petrojet’s yard near Alexandria, Egypt.

Offshore work is scheduled to commence in the second half of 2019.

Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said: “This award recognises our track record of good execution and our established local presence in Egypt. We look forward to continuing our successful and collaborative relationship with Burullus.”

Monday, March 26, 2018

BRIEF-TechnipFMC says awarded contract by Energean for Karish field in Israel - REUTERS

MARCH 26, 2018 / 8:25 AM
TechnipFMC Plc:

  • SAYS AWARDED INTEGRATED ENGINEERING, PROCUREMENT, CONSTRUCTION AND INSTALLATION CONTRACT BY ENERGEAN FOR KARISH FIELD OFFSHORE ISRAEL
  • TECHNIP SAYS CONTRACT COVERS THE DESIGN, PROCUREMENT, CONSTRUCTION AND INSTALLATION OF THE COMPLETE SUBSEA SYSTEM.
  • IT INCLUDES A FLOATING PRODUCTION STORAGE AND OFFLOADING UNIT (FPSO) DESIGNED TO ALLOW THE SUBSEQUENT TIE-BACK OF THE TANIN FIELD, THE PIPELINE SYSTEM, AND THE ONSHORE PIPELINE AND VALVE STATION AT THE RECEIVING STATION. 

Sunday, March 25, 2018

Energean takes FID on Karish and Tanin gas project, offshore Israel - WORLD OIL

MARCH/23/2018

ATHENS -- Energean Oil & Gas PLC has announced that its board of directors has approved the Final Investment Decision (FID) to proceed with the $1.6-billion Karish & Tanin Development Project, offshore Israel.

$405 million of the $460 million raised from the recent IPO of Energean will be used to fund the Company’s 70% share in the project, while the remaining 30% will be funded by Kerogen Capital, Energean’s partner in the project.

The project is also being financed through a Senior Credit Facility of $1.275 billion recently announced and underwritten by Morgan Stanley, Natixis, Bank Hapoalim and Société Générale.

Energean has secured long-term gas agreements with some of the largest private power producers and industrial companies in Israel. The Company has contracted for the purchase of a total of 61 Bcm of gas over a period of 16 years, at an annual rate of approximately 4.2 Bcm per year (on an ACQ basis).

Energean will develop the project through a new build, owned FPSO with gas treatment capacity of 800 MMscfd (8 Bcm/per annum) and liquids storage capacity of 800,000 bbl, which the Company believes provides a flexible infrastructure solution and, potentially the scope to expand output for potential additional projects. A 90-km gas pipeline will link the FPSO to the Israeli coast and necessary onshore facilities to allow connection to the domestic sales gas grid operated by INGL, the national gas transmission company.

Monday, July 31, 2017

Saipem EPCI contract variations finalised for Zohr field development - WORLD PIPELINES




Monday, 31 July 2017 09:40
Stephanie Roker

Saipem and Petrobel have finalised offshore contract variations worth US$900 million for engineering, procurement, construction and installation (EPCI) activities in relation to the ‘Optimised Ramp Up’ phase of the ‘supergiant’ Zohr field development project situated in the Mediterranean Sea off the Egyptian coast.

Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and Egyptian General Petroleum Corporation (EGPC) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between Egyptian Natural Gas Holding Company (EGAS) and IEOC.

The current variations to the scope of work include the installation of a 30 in. dia. gas export pipeline and an 8 in. dia. service pipeline, as well as EPCI work for the field development in deep water (up to 1700 m) of four wells and the installation of umbilicals. Works will commence in July 2017 and are due to be completed by the end of 2018.

In order to meet the requirements set by the client, Saipem will deploy several vessels from its highly specialised fleet, including the Castorone (the latest generation ultra-deepwater pipelayer); the subsea field development ship Saipem FDS2; the Saipem 3000 (a subsea construction vessel) and, finally, the Castoro 6 and the trenching barge Castoro 10.

Thursday, July 27, 2017

SAIPEM awarded offshore contract variations worth 900 million USD for the optimised ramp up phase of the Zohr field development project - SAIPEM

July 27, 2017, San Donato Milanese (Milan)

Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and EGPC (Egyptian General Petroleum Corporation) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and IEOC.

Wednesday, February 22, 2017

EGL transports SAIPEM cargo to Zohr - BREAK BULK

FEBRUARY 22, 2017

Heavy transport firm Egyptian Global Logistics has delivered outsized components for the Zohr gas project via the port of Alexandria on the West Verge of the Nile Delta.

The firm transported cargo weighing up to 40 tonnes and measuring up to 28 meters in length for EPC contractor Saipem’s operations in the Zohr gas field. The offshore gas field is located 120 miles north east of Port Said in Egypt.

The team from EGL handled logistics for the project, initially discharging from a gearless vessel at Alexandria Port before trucking to a storage area for reloading at the Saipem’s base at Abu Qir Port.

Wednesday, December 28, 2016

Recapping Turkey’s 2016 pipeline projects - WORLD PIPELINES

Wednesday, 28 December 2016 12:00
Stephanie Roker

A number of Turkish oil and gas pipeline projects have been the topic of conversation this year. Read on to see a recap of the Iraq-Turkey pipeline, Turkey-Israel pipeline, TANAP and TurkStream projects.



Iraq-Turkey pipeline


Back in mid 2015, the Iraq-Turkey (Kirkuk-Ceyhan) pipeline was shut down after attempts of theft and sabotage on the line. Following on from the shutdown, on 6 January 2016, it was confirmed that payment had been received from the Kurdistan Regional Government (KRG) for the crude oil exported through Kurdish region of the line.

Thursday, November 24, 2016

Subsea 7 wins Egyptian offshore contract - OFFSHORE SUPPORT JOURNAL

Thu 24 Nov 2016

Subsea 7 has won a substantial contract to install subsea systems and pipelines on the Atoll project offshore Egypt

Some of the predicted contract awards for offshore construction and support vessels in the Eastern Mediterranean are starting to materialise. There has been great expectation recently that large gas discoveries in the region will result in new contracts for subsea construction companies and supporting vessels. In November, one of the first of the expected contracts was awarded.

Subsea 7 gained a substantial order for offshore construction work in Egypt. It gained the contract from Pharaonic Petroleum Co, an affiliate of BP, for subsea engineering, procurement, construction and installation work on the Atoll project. Subsea 7 will be responsible for installing more than 40km of rigid pipelines and associated structures for the new Atoll field. The water depths for the installation work range from 100m to 900m. Subsea 7 will also be tying these pipelines into the existing Taurt field facilities, which are in water depths of 100m, and installing 105km of umbilicals to connect subsea wells on the Atoll field.

Thursday, November 10, 2016

Subsea 7 expands offshore Egypt backlog - OFFSHORE MAGAZINE

NOVEMBER/10/2016

Offshore staff

LUXEMBOURG – Subsea 7 has completed offshore operations on the fasttrack East Nile Delta project in the Egyptian sector of the Mediterranean Sea.

During 3Q, the Seven Borealis was engaged in pipelay for the first phase of the West Nile Delta project.

Last month, Subsea 7 secured an [EPCI] contract for the Atoll project in the same area, lifting the total value of its contract awards offshore Egypt over the past 18 months to almost $1.8 billion.

Thursday, October 20, 2016

Subsea 7 awarded contract offshore Egypt Luxembourg - SUBSEA 7

20 October 2016

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field. Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million. 

The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed linking the Atoll field to shore.

Thursday, July 7, 2016

Petrobel lets Zohr pipeline, well contract - OIL & GAS JOURNAL

HOUSTON, July 7 2016
ByOGJ editors

Belayim Petroleum Corp. (Petrobel) has let an engineering, procurement, construction, and installation (EPCI) contract to Saipem for work in the accelerated development of Zohr natural gas field offshore Egypt (OGJ Online, June 20, 2016).

The contract covers installation of a 26-in. gas export trunkline and 14-in. and 8-in. service trunklines as well as EPCI work on six wells in water as deep as 1,700 m.

The work is to be completed in time for the start of production in 2017.

Petrobel, a joint venture of Eni SPA and Egyptian General Petroleum Corp., is developing Zohr on behalf of PetroShorouk, a joint venture of Egyptian Natural Gas Holding Co. and Eni.