Page 11 - AfrOil Week 43 2019

AfrOil
NEWS IN BRIEF
AfrOil
Petroleum Operating Company consortium, which is led by China National Petroleum Cor- poration – a major investor in South Sudan’s oil sector.
“The new discovery in the Adar oil field is going to be a game changer because this is the first discovery that we have made since inde- pendence, giving hope to investors interested in South Sudan’s energy sector. There is still more oil to be discovered,” the Minister said.
Africa Oil & Power, October 24 2019
DOWNSTREAM
Cepsa and Derhem Holding
start their service stations
network in Morocco
Cepsa and Derhem Holding have launched their network of service stations in Morocco. It is another step in Cepsa’s international expansion and the reinforcement of its integrated business model. Both companies will operate in this country through a 50:50 joint venture partner- ship. Derhem Holding is bringing its knowledge of the country in which it has been operating for over 50 years, and Cepsa is bringing its brand and the successful model developed in Spain and Portugal. The proposition is based on prod- uct quality and customer service, backed by its 90 years of experience in the sector.
This agreement, with an expected investment of €120mn, also includes developing direct sales to other operators, industrial customers and the public sector, among others. Furthermore there are plans to build a storage terminal at the port of Jorf Lasfar, one of the largest in the country.
Through this partnership, Cepsa becomes the first Spanish brand in the Moroccan service stations market. The first stage aims to see at least 100 points of sale (4% of the market share) in the next five years, the goal thereafter being to achieve sustainable growth. The aim of both companies is to contribute to generating com- petitiveness in the growing Moroccan energy market.
In the words of Álvaro Díaz Bild, Director of Marketing at Cepsa, “Morocco is a key region for Cepsa. We have had a presence in the country for the last 30 years and we are now eager to embark on this new project in partnership with a local expert, Derhem Holding. The proximity of our refineries and our extensive experience allow us to enter solidly in this growing market, where we expecttocontinuetoincreaseouractivity”.
For Mr. Dahman Derhem, President of Der- hem Holding, “this joint venture is part of the strategic partnership between Morocco and Spain initiated by his majesty King Mohamed
VI, may God assist him, to strengthen economic agreements with the aim of consolidating eco- nomic relations, including the energy sector”.
Cepsa has been supplying the Moroccan mar- ket for over three decades. The proximity of its refineries has enabled the sale of fuels, asphalts and lubricants. Cepsa exports over 2mn tons of fuel for land and air transport per year.
Cepsa is a global energy company, which operates in an integrated manner at all stages of the hydrocarbon value chain. In addition to manufacturing products from plant-based raw materials, it also has a presence in the renewable energysector.
It has 90 years of experience and a team of some 10,000 employees, who combine techni- cal excellence with adaptability. It is present on all five continents through its Exploration and Production, Refining, Chemicals, Marketing, Gas and Electricity, and Trading business units.
Derhem Holding is a Moroccan holding company present in several activity sectors (including hydrocarbons, maritime fishing, transport and logistics...) through its subsid- iaries based in the areas of Laayoune, Dakhla, Smara and Boujdour.
The company has positioned itself as a leader in its field through its subsidiaries working in the oil and gas sector. It has more than 50 years of experience in the purchase, import and distri- bution of petroleum products, with a wide net- work of stations, exceptional logistics capacity and a continuous investment and development program.
Cepsa, October 21 2019
SERVICES
McDermott Awarded
Fabrication Subcontract
for Greater Tortue Ahmeyim
Natural Gas Project
McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* fabrication subcontract for the Greater Tortue Ahmeyim natural gas project.
“This award reflects the value of holistic project planning to get the best outcomes for the project and the customer. Fabrication for both the SPS and subsea, umbilicals, risers and flowlines (SURF) scope for the Greater Tortue Ahmeyim project will now be undertaken in McDermott’s yard in Batam, which enables a fast-tracked fabrication schedule to be deliv- ered,” said Ian Prescott, Senior Vice President for Asia Pacific.
The scope of work for fabrication of the SPS
includes: project management; fabrication engi- neering; procurement; pre-assembly; fabrica- tion; acceptance tests; and system-integration tests. The work is scheduled to begin in the third quarter 2019 and is expected to be completed by third quarter 2020 in McDermott’s fabrication facility in Batam, Indonesia. As part of a previous award, McDermott is also fabricating the pipe- line structures and riser structure for the Greater Tortue Ahmeyim Project in Batam.
The award will be reflected in McDermott’s third quarter 2019 backlog.
(McDermott defines a sizeable contract as betweenUSD$1mnandUSD$50mn.)
McDermott is a premier, fully integrated pro- vider of technology, engineering and construc- tion solutions to the energy industry. For more than a century, customers have trusted McDer- mott to design and build end-to-end infrastruc- ture and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, inte- grated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to com- missioning. It is called the “One McDermott Way.” Operating in over 54 countries, McDer- mott’s locally focused and globally-integrated resources include approximately 32,000 employ- ees, a diversified fleet of specialty marine con- struction vessels and fabrication facilities around the world.
McDermott International, October 24 2019
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