Page 13 - MEOG Week 41 2021

MEOG NEWS IN BRIEF MEOG

OPEC+ ministers next plan to meet Nov. 4 office in Sharjah and consolidating its Middle integrated Gas Master Plan, which seeks
to decide on December production levels. East-based staff in Abu Dhabi. to ramp up natural gas supplies to support
Iraq is the second-largest crude producer Many staffers are said to be “concerned” several industries across the United Arab
in OPEC behind Saudi Arabia and the third- about the move from Sharjah to Abu Dhabi, Emirates. The contractor is also said to
largest in the wider OPEC+ alliance behind even though both locations are in the United be involved in several Adnoc tenders that
Russia. Iraq pumped 4.18 million bpd of Arab Emirates. lend more confidence to its Abu Dhabi
crude in September, according to the latest It could not be confirmed whether any consolidation move, Upstream understands.
Platts survey of OPEC+ output. jobs would be lost as a result of this corporate One Malaysian project it is currently
S&P PLATTS reorganisation and, if so, how many people tendering for is the front-end engineering
would be searching for new positions. and design-to-engineering, procurement,
While not completely turning its back on construction and commissioning contract
SERVICES the Southeast Asian market, Saipem intends for a newbuild floating liquefied natural gas
to consolidate its strengths around the Middle vessel for national oil company Petronas.
Saipem shuts shop in East while availing itself of operational Saipem, which has teamed up with China’s
Hudong-Zhonghua Shipbuilding for this bid,
synergies within the company.
Malaysia and consolidates Aramco’s lucrative long-term agreement with is vying against JGC with Samsung Heavy
Saipem is a key member of Saudi
Industries and the Technip Energies-Daewoo
in Middle East international offshore contractors that are Shipbuilding & Marine Engineering combine
for the lucrative prize.
together responsible for all of the kingdom’s
Italian offshore and onshore contracting giant brownfield and maintenance works. The Saipem’s Karimun yard – its main
Saipem has shut down its Kuala Lumpur, Italian contractor also has a significant construction facility in Asia – has an annual
Malaysia office and is scaling back its support presence in Qatar and is involved in multiple capacity of 10 million man-hours and is
facilities in Indonesia after failing to secure tenders involving the giant North Field, worth capable of building jackets weighing up to
significant contracts in Southeast Asia over billions of dollars. 30,000 tonnes and modules topping the scales
the past five years. One project watcher said Saipem aims to at up to 40,000 tonnes.
Many Indonesian field development further expand its footprint in Abu Dhabi, Comprising a marine supply base and a
projects on Saipem’s hit-list to date have which is likely to offer multiple big-ticket fabrication area of more than 780,000 square
failed to get beyond the drawing board in the developments in the next few years. metres and with an annual production
wake of the two most recent oil price crashes A second person also said that the capacity of 35,000 tonnes, Karimun is one of
and fallout from the ongoing coronavirus contractor is pinning its hope on the buoyant the largest fabrication facilities for the energy
pandemic. It is understood the contractor will Abu Dhabi market, with the multi-billion industry in the Asia Pacific region and it also
retain its fabrication facility on the Indonesian dollar Hail & Ghasha sour gas development serves projects worldwide.
island of Karimun, some 30 kilometres from likely to be tendered next year. The contractor has six other yards around
Singapore, although its Jakarta office will Saipem scooped an engineering, the globe – in its native Italy, Angola, Saudi
operate as a smaller satellite office of its new procurement and construction deal earlier Arabia, Brazil, Congo-Brazzaville and Nigeria.
APAC and Middle East base in Abu Dhabi. this year, worth $510 million from Adnoc Saipem said it “preferred not to comment”
Several sources with direct knowledge of Sour Gas for the expansion of its Shah sour in response to Upstream’s request for
Saipem’s reorganisation told Upstream of the gas facility in Abu Dhabi. The Shah expansion comment regarding the closing of its Malaysia
closure of the Kuala Lumpur office, adding project is a crucial part of state-owned giant office.
that the company is also scaling down its Abu Dhabi National Oil Company (Adnoc)’s UPSTREAM

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