Showing posts with label Petrofac. Show all posts
Showing posts with label Petrofac. Show all posts

Monday, June 24, 2013

Petrofac Consortium Wins $3.7B Abu Dhabi Deal

Petrofac Consortium Wins $3.7B Abu Dhabi Deal

A Petrofac-led consortium has been awarded a $3.7-billion contract to supply the Upper Zakum, UZ750 field development in Abu Dhabi.

The contract was awarded by Zakum Development Company (an Abu Dhabi National Oil Company subsidiary). It has been secured by a consortium including Petrofac Emirates (Petrofac's joint venture with Mubadala Petroleum) and Daewoo Shipbuilding & Marine Engineering Company. Petrofac Emirates' share of the contract is valued at $2.9 billion.

Petrofac said the project comprises engineering, procurement, construction transportation and commissioning of island surface facilities on four artificial islands.  Specifically, this will include wellhead control, manifolds, crude oil process facilities, water injection and gas lift, oil export pumps, power generation and associated utilities. These facilities are scheduled to commence operations during 2016.

Subramanian Sarma, managing director of Petrofac's Onshore Engineering & Construction business, commented in a company statement:

"I am delighted that Petrofac has been selected to deliver this landmark project for the Upper Zakum development in Abu Dhabi. Through Petrofac Emirates we continue to show our commitment to supporting the oil & gas industry in Abu Dhabi and this project builds on the substantial work we have underway in the UAE.  We look forward to developing our relationship with ZADCO through the successful delivery of this strategically important project."

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Sunday, June 23, 2013

Petrofac Consortium Wins $3.7B Abu Dhabi Deal

Petrofac Consortium Wins $3.7B Abu Dhabi Deal

A Petrofac-led consortium has been awarded a $3.7-billion contract to supply the Upper Zakum, UZ750 field development in Abu Dhabi.

The contract was awarded by Zakum Development Company (an Abu Dhabi National Oil Company subsidiary). It has been secured by a consortium including Petrofac Emirates (Petrofac's joint venture with Mubadala Petroleum) and Daewoo Shipbuilding & Marine Engineering Company. Petrofac Emirates' share of the contract is valued at $2.9 billion.

Petrofac said the project comprises engineering, procurement, construction transportation and commissioning of island surface facilities on four artificial islands.  Specifically, this will include wellhead control, manifolds, crude oil process facilities, water injection and gas lift, oil export pumps, power generation and associated utilities. These facilities are scheduled to commence operations during 2016.

Subramanian Sarma, managing director of Petrofac's Onshore Engineering & Construction business, commented in a company statement:

"I am delighted that Petrofac has been selected to deliver this landmark project for the Upper Zakum development in Abu Dhabi. Through Petrofac Emirates we continue to show our commitment to supporting the oil & gas industry in Abu Dhabi and this project builds on the substantial work we have underway in the UAE.  We look forward to developing our relationship with ZADCO through the successful delivery of this strategically important project."

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Friday, June 14, 2013

Petrofac Awarded Satah Al Razboot Contract

Petrofac announced Tuesday that it has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) package 3 project offshore Abu Dhabi. The $500-million contract will start shortly and will be delivered by April 2016, Petrofac said.

The SARB Project is described by the firm as a high-priority and new field development off the northwest coast of Abu Dhabi. Drilling will be conducted from two artificial islands (SARB1 and SARB2) with the well fluid sent by subsea pipeline to a facility on Zirku Island for processing, storage and export.

Under the terms of the contract Petrofac will deliver approximately 130 miles of subsea pipelines for well fluid, water injection, gas injection, flare and export, along with two miles of onshore pipeline and 32 miles of subsea power and communication cables. The offshore scope of the contract includes the provision of two riser platforms and four flare platforms with four interconnecting bridges and one single point mooring (SPM) buoy located at the north of Zirku Island.

The onshore scope of the contract includes the following: drilling utilities, foundations on SARB1 and SARB2, transport, install, hook up and assistance in the commissioning of the accommodation modules.

Yves Inbona, managing director of Petrofac's Offshore Capital Projects (OCP) business, commented in a company statement:

"We are delighted to have been chosen to deliver this important project as part of the high priority SARB development. This award is further confirmation of the increased demand we see for Petrofac to broaden its market leading EPC capability offshore, and we look forward to cooperating with ADMA-OPCO and meeting its fast track requirements on this highly significant development." 

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Wednesday, June 12, 2013

Petrofac Awarded Satah Al Razboot Contract

Petrofac announced Tuesday that it has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) package 3 project offshore Abu Dhabi. The $500-million contract will start shortly and will be delivered by April 2016, Petrofac said.

The SARB Project is described by the firm as a high-priority and new field development off the northwest coast of Abu Dhabi. Drilling will be conducted from two artificial islands (SARB1 and SARB2) with the well fluid sent by subsea pipeline to a facility on Zirku Island for processing, storage and export.

Under the terms of the contract Petrofac will deliver approximately 130 miles of subsea pipelines for well fluid, water injection, gas injection, flare and export, along with two miles of onshore pipeline and 32 miles of subsea power and communication cables. The offshore scope of the contract includes the provision of two riser platforms and four flare platforms with four interconnecting bridges and one single point mooring (SPM) buoy located at the north of Zirku Island.

The onshore scope of the contract includes the following: drilling utilities, foundations on SARB1 and SARB2, transport, install, hook up and assistance in the commissioning of the accommodation modules.

Yves Inbona, managing director of Petrofac's Offshore Capital Projects (OCP) business, commented in a company statement:

"We are delighted to have been chosen to deliver this important project as part of the high priority SARB development. This award is further confirmation of the increased demand we see for Petrofac to broaden its market leading EPC capability offshore, and we look forward to cooperating with ADMA-OPCO and meeting its fast track requirements on this highly significant development." 

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Petrofac Awarded Satah Al Razboot Contract

Petrofac announced Tuesday that it has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) package 3 project offshore Abu Dhabi. The $500-million contract will start shortly and will be delivered by April 2016, Petrofac said.

The SARB Project is described by the firm as a high-priority and new field development off the northwest coast of Abu Dhabi. Drilling will be conducted from two artificial islands (SARB1 and SARB2) with the well fluid sent by subsea pipeline to a facility on Zirku Island for processing, storage and export.

Under the terms of the contract Petrofac will deliver approximately 130 miles of subsea pipelines for well fluid, water injection, gas injection, flare and export, along with two miles of onshore pipeline and 32 miles of subsea power and communication cables. The offshore scope of the contract includes the provision of two riser platforms and four flare platforms with four interconnecting bridges and one single point mooring (SPM) buoy located at the north of Zirku Island.

The onshore scope of the contract includes the following: drilling utilities, foundations on SARB1 and SARB2, transport, install, hook up and assistance in the commissioning of the accommodation modules.

Yves Inbona, managing director of Petrofac's Offshore Capital Projects (OCP) business, commented in a company statement:

"We are delighted to have been chosen to deliver this important project as part of the high priority SARB development. This award is further confirmation of the increased demand we see for Petrofac to broaden its market leading EPC capability offshore, and we look forward to cooperating with ADMA-OPCO and meeting its fast track requirements on this highly significant development." 

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Friday, May 31, 2013

Petrofac Training Services Unveils O&G eLearning Course

Fresh on the heels of its recent acquisition of eLearning specialist Oilennium, Petrofac Training Services (PTS) has announced the launch of "Introduction to Oil and Gas," a new eLearning course.

Developed by Oilennium, the course offers an engaging, interactive overview of the oil and gas industry that can be used to enhance a trainee's in-class training experience, and made available to thousands of employees around the world.

The Introduction to Oil and Gas course, which can be accessed any time online, offers a concise summary of how the industry works, from exploration and production upstream to processing and transmission downstream. This user-friendly course, which features full voiceover guidance and colourful 3D animations technology throughout, is completely interactive. When a module is successfully completed, a certificate is issued to reward the user's efforts, fuelling the learning process. Upon completing the 12-module course, the user will have a good understanding of how hydrocarbon fields are found and developed, industry terminology, and technical know-how.

Effective, Quality Training

At a time when unemployment is rising and major businesses are closing, the oil and gas industry continues to buck the trend. Not only is it thriving, the industry is actively recruiting and searching for ways to effectively train new employees, while simultaneously reducing training costs. According to Oilennium, this is where eLearning courses like "Introduction to Oil & Gas" come in.

"For years, operators and services companies have been struggling to offer standardised, quality training that complements the traditional classroom approach by reinforcing key points long after the trainee leaves the classroom," said Kevin Keable, managing director of Oilennium. "Not only is 'Introduction to Oil & Gas' cost-effective, it's the perfect starting point for employees new to the industry. It's an excellent method of training non-technical staff so that they can work more effectively with their engineering and technical counterparts. On the flip side, it's useful for technical staff. Even today a drilling engineer may have little understanding of how a process system operates and vice-versa. This course is ideal for anyone who needs to understand the industry as a whole," he added.

The accessibility offered by eLearning addresses another common challenge faced by training managers in the oil and gas industry: how to train technical staff working on rotation or offshore. Traditional classroom training demands that they be physically present. Because eLearning courses can be accessed from any device with internet access, this is no longer the case, saving thousands in employee expenses.

Engaging 3D Animation

Already, "Introduction to Oil & Gas" has been purchased by oil and gas companies of all sizes, individuals and many others. Why is it so popular? Oilennium began developing these courses, just as 3D animation technology improved dramatically. This made it possible to offer much more visual content, making them more attractive and compelling. The result: improved knowledge transfer and better knowledge retention. If Oilennium were to use only 2D animations, the courses could become slow and expensive to develop. However, by using its unique blend of techniques, Oilennium has kept costs down and quality up.

Charlie Mattocks, who recently landed a highly sought after apprenticeship in the UK with a major oil and gas operator following completion of the course, feels that taking it helped boost his prospects, especially during the interview. "I found the course easy to follow and liked being able to work at my own pace. The 'Rigs and Installations,' 'Drilling' and 'Offshore' modules were especially useful," said Mattocks.

"During my interview, I produced the certificates to show I had completed the course, in addition to my A levels and GCSEs. I believe they demonstrated my commitment, initiative, and willingness to learn, which helped me stand out from the other candidates," he added.

To mark the launch of 'Introduction to Oil & Gas,' PTS is offering the course at a reduced rate, either as a standalone or bundled with its best-selling training courses "Basic Offshore Safety Induction and Emergency Training" (BOSIET), Universal BOSIET and "Minimum Industry Safety Training" (MIST). These courses provide safety and emergency training for the oil and gas industry, and are essential for those about to begin working offshore or are pursuing a career in this specialist environment.

Petrofac Training Services (PTS) is a division of the Petrofac Group, the international oil and gas facilities service provider. Founded in 1983, PTS is a leading provider of onshore and offshore safety, survival and emergency response training. It is based in Aberdeen, Scotland.

Oilennium is a division of Petrofac Training Services. Oilennium provides a broad range of learning programmes to numerous corporate clients, including Weatherford International, Perenco, EnerMech, Halliburton, AMEC SES, ECITB, Hydratight, Noble Drilling, Pacific Drilling, Marathon, Dolphin Geophysical, Seajacks and Tervita.

Copyright 2013 Oil & Gas News - Hilal Publishing and Marketing Group. All Rights Reserved.

(This article was originally published on March 25.)

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Tuesday, April 23, 2013

Petrofac Wins Deepwater Contract, Offshore Mexico

Petrofac announced Monday that it has been awarded a project management contract by Petróleos Mexicanos (PEMEX) for the Lakach project, offshore Mexico.

The contract, which Petrofac's Engineering & Consulting Services business won in partnership with Doris Engineering of Houston, covers specialized technical assistance and supervision for the construction, installation, commissioning, testing and start-up of deep-water subsea wells and infrastructure for the project. The scope also involves drilling activities and tie-ins to existing onshore facilities.

Initially involving around 25 engineers, based in Mexico and Houston, the project is scheduled to complete towards the end of 2015.

Petrofac ECS Managing Director Craig Muir commented in company statement:

"I am delighted that Petrofac's Engineering & Consulting Services business has been selected to support such a significant project for PEMEX with this its first major deepwater development. PEMEX will benefit from the full breadth of Petrofac's specialist subsea pipeline consulting and engineering services in addition to our well management capabilities. We look forward to working closely with PEMEX on this significant project and further building Petrofac's presence in Mexico."

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Monday, April 22, 2013

Petrofac Wins Deepwater Contract, Offshore Mexico

Petrofac announced Monday that it has been awarded a project management contract by Petróleos Mexicanos (PEMEX) for the Lakach project, offshore Mexico.

The contract, which Petrofac's Engineering & Consulting Services business won in partnership with Doris Engineering of Houston, covers specialized technical assistance and supervision for the construction, installation, commissioning, testing and start-up of deep-water subsea wells and infrastructure for the project. The scope also involves drilling activities and tie-ins to existing onshore facilities.

Initially involving around 25 engineers, based in Mexico and Houston, the project is scheduled to complete towards the end of 2015.

Petrofac ECS Managing Director Craig Muir commented in company statement:

"I am delighted that Petrofac's Engineering & Consulting Services business has been selected to support such a significant project for PEMEX with this its first major deepwater development. PEMEX will benefit from the full breadth of Petrofac's specialist subsea pipeline consulting and engineering services in addition to our well management capabilities. We look forward to working closely with PEMEX on this significant project and further building Petrofac's presence in Mexico."

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Sunday, April 21, 2013

Petrofac Wins Deepwater Contract, Offshore Mexico

Petrofac announced Monday that it has been awarded a project management contract by Petróleos Mexicanos (PEMEX) for the Lakach project, offshore Mexico.

The contract, which Petrofac's Engineering & Consulting Services business won in partnership with Doris Engineering of Houston, covers specialized technical assistance and supervision for the construction, installation, commissioning, testing and start-up of deep-water subsea wells and infrastructure for the project. The scope also involves drilling activities and tie-ins to existing onshore facilities.

Initially involving around 25 engineers, based in Mexico and Houston, the project is scheduled to complete towards the end of 2015.

Petrofac ECS Managing Director Craig Muir commented in company statement:

"I am delighted that Petrofac's Engineering & Consulting Services business has been selected to support such a significant project for PEMEX with this its first major deepwater development. PEMEX will benefit from the full breadth of Petrofac's specialist subsea pipeline consulting and engineering services in addition to our well management capabilities. We look forward to working closely with PEMEX on this significant project and further building Petrofac's presence in Mexico."

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Monday, April 8, 2013

Petrofac Enters 2013 with 'Record' Backlog

UK oilfield services firm Petrofac reported Wednesday that it has entered 2013 with a "record" backlog of orders in its Offshore Projects & Operations business, and that it continues to see high levels of bidding activity in both operations support contracts and offshore capital projects.

Announcing its final results for 2012, Petrofac also highlighted that it has a strong pipeline of bidding opportunities for onshore engineering and construction projects, particularly in the Middle East, Africa and the Commonwealth of Independent States (the former Soviet Union).

In its Integrated Engineering Services division, Petrofac said that this year it will be focused on delivering important milestones on several projects. The firm said it is making good progress on its transition activities on the Pánuco and Arenque contract areas in Mexico, where it expects to commence field operations during the first half of 2013. On Block PM304 in Malaysia, Petrofac expects to begin production from the West Desaru fault block and the second phase of the Cendor field during 2013.

Petrofac added that it is also seeing strong industry demand for commercially-innovative integrated oilfield services and that it is looking at a number of additional opportunities with both national oil companies and niche explorers.

Oil sector analysts at JP Morgan Cazenove commented that while Petrofac did not announce any new orders in its 2012 financial report, it hoped to see confirmed of the award of three large contracts this month. These include the estimated $500 million EPC-3 package on Sarb in Abu Dhabi, the $1.5 billion EPC-2 package on Upper Zakum in Abu Dhabi and the $1 billion Jurassic gas project in Kuwait.

In its results, Petrofac reported that its revenue for last year increased nine percent to $6.3 billion, while its net profit improved 17 percent to $632 million.

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

Petrofac Enters 2013 with 'Record' Backlog

UK oilfield services firm Petrofac reported Wednesday that it has entered 2013 with a "record" backlog of orders in its Offshore Projects & Operations business, and that it continues to see high levels of bidding activity in both operations support contracts and offshore capital projects.

Announcing its final results for 2012, Petrofac also highlighted that it has a strong pipeline of bidding opportunities for onshore engineering and construction projects, particularly in the Middle East, Africa and the Commonwealth of Independent States (the former Soviet Union).

In its Integrated Engineering Services division, Petrofac said that this year it will be focused on delivering important milestones on several projects. The firm said it is making good progress on its transition activities on the Pánuco and Arenque contract areas in Mexico, where it expects to commence field operations during the first half of 2013. On Block PM304 in Malaysia, Petrofac expects to begin production from the West Desaru fault block and the second phase of the Cendor field during 2013.

Petrofac added that it is also seeing strong industry demand for commercially-innovative integrated oilfield services and that it is looking at a number of additional opportunities with both national oil companies and niche explorers.

Oil sector analysts at JP Morgan Cazenove commented that while Petrofac did not announce any new orders in its 2012 financial report, it hoped to see confirmed of the award of three large contracts this month. These include the estimated $500 million EPC-3 package on Sarb in Abu Dhabi, the $1.5 billion EPC-2 package on Upper Zakum in Abu Dhabi and the $1 billion Jurassic gas project in Kuwait.

In its results, Petrofac reported that its revenue for last year increased nine percent to $6.3 billion, while its net profit improved 17 percent to $632 million.

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

Sunday, April 7, 2013

Petrofac Enters 2013 with 'Record' Backlog

UK oilfield services firm Petrofac reported Wednesday that it has entered 2013 with a "record" backlog of orders in its Offshore Projects & Operations business, and that it continues to see high levels of bidding activity in both operations support contracts and offshore capital projects.

Announcing its final results for 2012, Petrofac also highlighted that it has a strong pipeline of bidding opportunities for onshore engineering and construction projects, particularly in the Middle East, Africa and the Commonwealth of Independent States (the former Soviet Union).

In its Integrated Engineering Services division, Petrofac said that this year it will be focused on delivering important milestones on several projects. The firm said it is making good progress on its transition activities on the Pánuco and Arenque contract areas in Mexico, where it expects to commence field operations during the first half of 2013. On Block PM304 in Malaysia, Petrofac expects to begin production from the West Desaru fault block and the second phase of the Cendor field during 2013.

Petrofac added that it is also seeing strong industry demand for commercially-innovative integrated oilfield services and that it is looking at a number of additional opportunities with both national oil companies and niche explorers.

Oil sector analysts at JP Morgan Cazenove commented that while Petrofac did not announce any new orders in its 2012 financial report, it hoped to see confirmed of the award of three large contracts this month. These include the estimated $500 million EPC-3 package on Sarb in Abu Dhabi, the $1.5 billion EPC-2 package on Upper Zakum in Abu Dhabi and the $1 billion Jurassic gas project in Kuwait.

In its results, Petrofac reported that its revenue for last year increased nine percent to $6.3 billion, while its net profit improved 17 percent to $632 million.

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here