Page 9 - MEOG Week 33

MEOG PROJECTS & COMPANIES MEOG

Output increases at South Pars 22-24

IRAN THE completion of three new wells at Iran’s a combined 18.6bn cubic metres per year by
South Pars Phase 22 has raised output from the March 20, 2019, but a lack of foreign currency
overall SP 22-24 project by 200mn cubic feet after the US withdrawal from the nuclear deal
(5.7mn cubic metres) per day. derailed these ambitions.
Speaking to official energy sector outlet Phases 22, 23 and 24 are being developed
Shana, Mehrdad Kazemi, head of the SP 22-24 with the aim of producing 56 mcm of natural gas,
development at Pars Oil and Gas Co. (POGC), 75,000 barrels per day (bpd) of gas condensate
said: “By observing safety requirements, and 400 tonnes per day of sulphur. These phases
hook-up activities and launching three wells in will also yield 1.05mn tonnes per year of LPG
the SPD22 platform, the number of wells in the and 1mn tpy of ethane.
production operation of this platform increased.” This progress follows the withdrawal by
He added that hook-up work had been Chinese firm China National Petroleum Corp.
completed within 10 days, using only local (CNPC) from a multi-billion dollar deal to
contractors. develop Phase 11 in October 2019 on the back
The announcement follows the installation in of increased pressure from the US government.
June of the final offshore platform at SP 22-24, The project was seen by Tehran as heralding a
which raised the giant reservoir’s production by new dawn for Iranian oil and gas development.
14mcm per day. As with the rest of the projects in the coun-
In November last year, the local Petropars try, Iranian firms are having to go it alone and it
Group, a subsidiary of the National Iranian Oil was previously announced that Iranian company
Co. (NIOC), installed a 2,500-tonne structure at Petropars would “carry out the job” in place of
Phase 23 to act as the second main platform for the Chinese investor.
Phases 22-24 (SP22-24). Earlier it was reported Workers recently went on strike at complexes
that Petropars was carrying out the platform in Assaluyeh dedicated to SP22-24, with indus-
assignment in place of a Chinese investor. trial action having been taken several times pre-
SP22-24 had been earmarked to produce viously there over the past three years.™

NPCC, NMDC merger to create services giant

UAE NEWS broke this week that the Abu Dhabi Gen- Chinese services firms.
eral Holding Corp. (Senaat) and other minority The agreements were signed with China
shareholders in the National Petroleum Con- National Petroleum Corp. (CNPC) subsidiary
struction Co. (NPCC) had made an offer to China Petroleum Engineering & Construction
merge with the National Marine Dredging Co. Corp. (CPECC) and China National Chemical
(NMDC). Engineering Co. (CNCEC).
If approved, the tie-up would create one of Under the deal with CPECC, NPCC will
the largest integrated oil, gas and marine service explore seek opportunities for the pair to col-
engineering, procurement and construction laborate on projects to create value for both
(EPC) companies in the Middle East, with a companies and exchange information, data and
combined 2019 revenue of $2.42bn. insights.
The companies have an established footprint The memorandum of understanding (MoU)
in key markets throughout the Middle East and agreed with CNCEC will see the parties co-oper-
North Africa as well as southern Asia. ate on potential projects for Abu Dhabi National
NPCC is heavily involved in the development Oil Co. (ADNOC) as well as seeking opportuni-
of oil and gas assets throughout the Gulf, being a ties for financing services on ADNOC projects
leading player in the UAE and having been inte- in the Middle East and North Africa.
grated into Saudi Aramco’s pool of contractors NPCC is joined in Aramco’s LTA pool by
for sought after long-term agreements (LTAs). Italy’s Saipem, McDermott of the US, a consor-
The company is part of a consortium bidding tium of India’s L&T and UK-based Subsea 7,
on Abu Dhabi’s $1.5bn Umm Shaif gas cap pro- US firm Dynamic Industries, a consortium of
ject, alongside UK-headquartered TechnipFMC, UAE-based Lamprell and Dutch company Royal
and is a near constant presence in the emirate’s Boskalis Westminster, Sapura Energy of Malay-
upstream developments. sia, a consortium of TechnipFMC and Malaysia’s
In mid-2019 it signed deals to explore collab- MMHE, China Offshore Oil Engineering Co.
orative opportunities on- and offshore with two and South Korea’s Hyundai Heavy Industries.™

Week 33 19•August•2020 www. NEWSBASE .com P9