December 20, 2018 / By Admin / Oil & Gas/ cyprus offshore • oil & gas/ 0 Comments

Saipem and Petrobel Zohr development

SAIPEM: LETTER OF INTENT FOR THE AWARD OF NEW E&C OFFSHORE WORK ORDER FOR THE RAMP UP TO PLATEAU PHASE OF THE ZOHR FIELD DEVELOPMENT PROJECT, WORTH MORE THAN 1.2 BILLION USD

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.

In this new phase of works, Saipem will deploy a range of highly specialised vessels including the Castorone, the latest generation of ultra-deep water pipelayer; the FDS, a subsea field development ship; the Heavy Lift Vessel S7000; the DP3 subsea construction vessel Normand Maximus; the subsea construction vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.

Stefano Cao, Saipem CEO, said: “This further award of works on the Zohr development represents a new recognition of our proven capacity to embrace our client’s objectives at the early stages of cooperation and bring them to a conclusion. The innovative assets and technologies already used in the previous phases, and the ability to build solid local partnerships, will also ensure the success of this latest phase”.

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

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new bigger gantry cranes for Limassol port

November 25, 2018 / By Admin / Port Agency News/ limassol port/ 0 Comments

New bigger cranes for Limassol

Limassol port container terminal operator Eurogate said Tuesday it has taken delivery of two new gantry cranes that will enable the company to handle the biggest cargo ships worldwide.

Eurogate said the Super Post – Panamax cranes arrived on Tuesday and would be put in operation as soon as possible.

The company’s director, Giorgos Pouros, said the cranes will allow the company to offer better service since they can handle the largest ships in the world.

The gantries were manufactured in Italy and can serve ships with the capacity of carrying 23 rows of containers across their deck. Their acquisition is part of a €30m investment package.

October 5, 2018 / By Admin / Oil & Gas/ energy • lng terminal cyprus/ 0 Comments

Defa publishes tender documents for LNG terminal

Cyprus’ natural gas public company (DEFA) on Friday published the tender documents for the design, construction, and operation of an LNG import terminal that will be located at Vassilikos.

“This is an important milestone for DEFA, and for the people of Cyprus, who will soon benefit

from the cost savings and environmental benefits from the use of natural gas. We expect to issue a request for expressions of interest for the supply of LNG in the coming weeks and a full tender early in 2019,” DEFA chairman Symeon Kassianides said.

The tender documents can be obtained from the e-procurement portal of the Republic of Cyprus.

The €300m LNG Terminal will include a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, a jetty-borne gas pipeline and related infrastructure.

The LNG Terminal will be completed in 2020 and 40 per cent of its cost, or €101m, will be funded by the EU.

February 6, 2018 / By Admin / Oil & Gas/ Block 8 cyprus • eni • lakkotrypis • offshore cyprus • total/ 0 Comments

TOTAL may expand presence into block 8

French energy giant Total, wants to expand its presence into block 8 of Cyprus’ exclusive economic zone (EEZ) Energy Minister Yiorgos Lakkotrypis said on Monday.

Speaking to reporters at the presidential palace after the meeting between President Nicos Anastasiades and the Regional Director of Total, Stephane Michel, Lakkotrypis said the discussion had been constructive. “The next steps in the exploration programme were discussed and one of the most important issues was the interest by Total in participating in block 8,” he said.

Block 8 was licensed to Italy’s ENI and “now we see interest by the French company to grow in this segment. It is a very important development that strengthens the [ENI-Total] consortium and expand its presence in Cyprus’ EEZ,” Lakkotrypis added. The consortium has 50 per cent stake each in blocks 6 and 11.
Michel, who is in charge of production and research activities in the Middle East region, echoed the minister saying: “We applied as well to enter block 8 owned by ENI and wanted to come to support that demand which is currently being examined by the Minister,” he said.

He did not give any further information on the share that the French company wished to acquire in block 8 or on the timetable for confirmation drilling in Calypso field in block 6.

Asked about Calypso, Lakkotrypis said the consortium’s work was continuing there but the government planned to secure an independent assessment of quantities in the field.

In February, ENI announced that it made a discovery of lean gas after drilling an exploratory well at Calypso. The company said it believed the gas play to hold around 6 to 8 trillion cubic feet.

“We discussed the next steps. We are not ready yet to say anything. We are in discussions on other issues, which will be announced as they develop,” he said.

Michel, asked if the company would proceed with confirmatory drilling in Calypso, said there was a lot of technical work to be done before this happened. He said so far results had come only from the first borehole and noted there would certainly be confirmatory drilling.

To another media question, Lakkotrypis referred to the navy blockade imposed by Turkey on ENI’s drillship in February this year, which prevented it from carrying out its work in block 3, the minister said: “After everything had occurred in Block 3, what we see is that one of the most important partners of the Republic wants to expand its presence in our EEZ, especially in a field such as block 8 which is largely still unexplored.” He said 3D surveys had already been carried out in block 8. “They are currently being processed to determine targets,” he said.
Turkey has repeatedly warned Cyprus against taking “unilateral steps” in exploring and developing hydrocarbons without factoring in the Turkish Cypriots with whom Ankara signed a ‘continental shelf delineation agreement’ in 2001.

Turkey’s claims on the island’s EEZ partly overlap with Cyprus’ blocks 1, 4, 6 and 7. Ankara also supports the north’s claims on blocks 1, 2, 3, 8, 9, 12 and 13, including within few kilometres from the Aphrodite gas field in block12.

Source: Cyprus Mail