Page 14 - MEOG Week 05

MEOG
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MEOG
2018. Oman’s gross domestic product (GDP) declined by about 1.9 per cent at the end of the second quarter of 2019, totalling RO 14 bn ($36.4 bn), compared to RO 14.3 billion ($37 bn) at the end of the same quarter of 2018.
Gas
KBR wins Ghasha EPC deal
KBR has announced the award of a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.
Under the terms of the contract, KBR will act as the main PMC contractor responsible for managing the successful Engineering, Procurement and Construction (EPC) contractors for Packages A & B of the Dalma Gas Development Project, Packages 1-5 of the hail & Ghasha Development Project, hail & Ghasha Islands Project as well as the Deep Gas Project. is work is expected to be performed over four years with an optional extension for two more years.
e Ghasha mega-project has the potential to meet about 20 percent of the UAE’s gas demand by around the second half of the decade. In addition, more than 120,000 barrels per day of oil and high-value condensates are
expected to be produced when the project
is on stream. “We deeply appreciate the tremendous amount of trust that ADNOC
has placed in KBR to project-manage such
a signi cant share of this strategic Ghasha Concession program,” said Stuart Bradie, KBR President and CEO. “ is award highlights ADNOC’s con dence in KBR’s reputation as the industry leader in the provision of value- added PMC services for similar mega gas- eld development projects.”
“We look forward to continuing our long-term relationship with ADNOC and
to demonstrating once again our world class ability to manage large-scale, complex projects such as this on time, within budget, but most of all with a strict safety culture,” Bradie continued. “We are con dent that the Ghasha Concession Project will signi cantly boost In- Country Value. As always, KBR remains fully committed to act as one of ADNOC’s strategic partners to achieve the targeted In-Country Value objectives.”
kbr
Iran installs latest South Pars Phase 14 platform
Iranian oil and gas rms have successfully installed the last stage of South Pars Phase 14
called Platform 14D, according to ShANA on February 1.
South Pars is considered the largest gas eld in the world and is situated between Iranian and Qatari waters in the Persian Gulf. Qatar has had more success in extracting
gas and oil from several areas of the eld.
is is while Iran has been hampered with
US sanctions repeatedly over the past
decade, slowing its production output and development with no help from international rms. e 2400-tonne platform which was shipped from Sadra yard to its o shore spot at the end of January should add 500mn cubic feet (14.2mn c/m) of gas to the eld’s output, according to Pars Oil and Gas Company (POGC), which is solely in charge of the development.
Mohammad Mehdi Tavasoli-Pour,
the manager of phase 14, said that by the installation of the mentioned platform, the o shore section of phase 14 will be completed and production of 56 mcm/d of rich gas would be extracted from the project.
A previous platform, Platform 14B, was installed on its designated o shore spot in mid-July 2019. e platform was built in a 115-month period by Iranian rms.
e rst platform of phase 14 started operation in summer 2018 and the second platform namely 14C was shipped in September 2018 and the installation operation of this platform was completed in October 2018.
P14
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Week 05 05•February•2020