Page 18 - MEOG Week 40

MEOG NEWS IN BRIEF MEOG

the income does not commensurate with Complex is currently contributing to 75% of Petrofac of the UK and Malaysia’s Sapura
spending. the country’s total natural gas output. Energy were also believed to have shown
Hariri indicated that statistics of the past According to the National Iranian Gas initial interest, they are unlikely to have bid.
six months show that export revenues will be Company (NIGC), Mohammad Shafi Those said to be among the bidders include
$30 billion until the end of the year, noting Moazeni told a meeting with regional Abu Dhabi’s National Petroleum Construction
that Iranian revenues had dropped to $10 executive and a group of officials in Bushehr Company (NPCC), Target Engineering,
billion, compared to $40 billion in the last province that the share of the complex in Iran’s Adyard, Fortune Engineering & Energy
year. The Iranian official did not reveal the natural gas output would reach 82 percent in services and compatriot CAE, a second
details of Iranian oil sales in light of the US the near future. person said.
sanctions that prevent Tehran from exporting He described the complex as a strategic However, those names could not be
oil. Iranian Oil Minister Bijan Zangeneh had facility in Iran which played an instrumental individually confirmed by Upstream.
earlier refused to disclose details of oil exports role in the country’s energy production. Egypt’s ENPPI and a few additional local
as well. Last June, Iran VP Eshaq Jahangiri The director of the third refinery of South bidders are also said to be in the fray.
said that his country’s oil revenues fell from Pars Gas Complex underlined the importance Another United Arab Emirates-based
$100 billion to $8 billion last year. of the complex in energy sustainability and player, Valentine Maritime, is expected to
Hariri believes that Iran will get between creating welfare and security in the country, team up with one of the interested players for
$35 and $40 billion at best, while foreign adding: “According to forecasts made in the the pipelay work, project watchers said.
currency expenditures are $50 billion in the near future, 70% of the energy mix of the The Umm Al Dalkh early production
event of austerity. He recommended reducing country will be produced by South Pars Gas scheme aims to ramp up the field’s oil output
the government’s spending policy to be able Complex.” capacity to 20,000 bpd by 2022 and sustain
to manage matters “in any way possible” until SHANA this level for three years.
the end of the year. The expert believes the The field is currently producing about
government will not be able to do something 15,000 bpd from the existing offshore
under the sanctions, noting that political SERVICES infrastructure.
decisions in the country are taken by the The additional production is likely to
regime. He warned that if the current situation Players start chase for involve the drilling of three producer wells
persists, things will be more difficult in the and two water-injector wells at wellhead
coming year. Last Saturday, Iranian President Adnoc offshore oilfield platform-15 (WHP-15), another person said.
Hassan Rouhani said that Iran’s economy is The project’s scope involves the supply
in a better state than Germany’s, which was scheme of treated water from the central processing
highly ridiculed on social media. facility to WHP-15 by laying an eight-inch-
US President Donald Trump said last A clutch of contractor giants are said to be diameter subsea pipeline.
month he aims to bring Iranians back to lining up for a key engineering, procurement In addition, it includes two new water-
the negotiating table due to the economic and construction contract from Abu Dhabi injection wells and three new oil producers,
sanctions that brought Tehran on the brink of National Oil Company (Adnoc) for work on with associated topsides modifications at
bankruptcy, indicating that the country’s GDP the further development of its Umm Al Dalkh WHP-15.
recorded negative growth of 24 percent. offshore field in the Persian Gulf. Replacement of an existing four-inch
Rouhani responded by saying the negative While the project is a relatively modest water-injection manifold and a new eight-inch
rate did not exceed 0.06 percent. development, the job is of strategic water-injection manifold at WHP-5 are also
ASHARQ AL AWSAT importance to Abu Dhabi, which aims to included.
ramp up its oil production capacity to 5 The preferred EPC contractor will be
million barrels per day by 2030. responsible for setting up several other
GAS Multiple people familiar with the associated offshore facilities that are a part of
development said technical offers for the the early production scheme, one person said.
South Pars accounts for project were recently submitted by at least six of the offshore field at a later stage to sustain
Adnoc aims to carry out full development
players.
75% of Iran gas output mostly by local players,” one person its oil production capacity of 20,000 bpd until
“Technical bids have been submitted,
2032. The Umm Al Dalkh field is located 25
The director of the third refinery of the South confirmed. kilometres north-west of Abu Dhabi.
Pars Gas Complex stated: South Pars Gas While international players such as Its existing offshore facilities involve seven

P18 www. NEWSBASE .com Week 40 07•October•2020