Page 16 - MEOG Week 31.indd

MEOG NEWS IN BRIEF MEOG

POLICY COMPANIES MMSCFD (56,633,693 m3/d) of gas.
Siemens Energy received the order from
ME Geoscience conference MEA leads industry deals Samsung Engineering, who was awarded the
engineering, procurement, and construction
postponed to October 2021 with $11.29bn in Q2 (EPC) contract for the entire project earlier
this year.
The 14th Middle East Geosciences Conference According to GlobalData’s deals database, the The project, located 162 miles (260 km)
and Exhibition (GEO), previously scheduled Middle East and Africa oil and gas industry east of Saudi Arabia’s capital, Riyadh, includes
for 14-17 September 2020 in Bahrain, has deals totalled US$11.29bn in Q2 2020. a plant that will inject surplus pipelines gas
been postponed until 4-7 October 2021. While the global oil and gas industry into an existing depleted area in the winter
The organiser, Informa Markets, in deals for Q2 2020 were worth US$28.01bn. months. It can be withdrawn from here when
consultation with the Minister of Industry, The value was 106.2 per cent higher than the needed to meet the high demand in the
Commerce and Tourism, have agreed to move previous quarter and 68.1 per cent lower than summer.
GEO to October 2021. the last four-quarter average of US$87.85bn. Siemens Energy will supply the required 20
The organisers stated that safeguarding the In terms of number of deals, the sector saw compression trains. Ten trains will be built for
health, safety and well-being of all participants a 30.5 per cent drop over the last four-quarter the plant’s injection portion, and another 10
remains the top priority. average with 405 deals against the average of trains will be used for the plant’s withdrawal
They also consulted with major 583 deals. portion.
stakeholders and believe this new date Oil and gas industry top deals in Q2 2020: Arja Talakar, senior vice-president,
provides an excellent opportunity to position The top five oil and gas deals accounted for Industrial Applications Products for Siemens
the event at a time of year when the weather 63.6 per cent of the overall value during Q2 Energy, said, “We have a track record of fastest
allows it to continue hosting field trips and 2020. The combined value of the top five oil delivery times and a dedicated local workforce
enhancing the student-faculty participation. and gas deals stood at US$17.83bn, compared to produce these units in our Dammam
“We sincerely apologise for any with the total recorded monthly value of facility in line with our commitment to
inconvenience this postponement may have US$28.01bn. Aramco’s In-Kingdom Total Value Add
caused and would like to thank you for your OIL REVIEW programme.”
patience and support. We wish to assure you This order builds on Siemens’ recent
that your participation is still valid for the Siemens chosen for Aramco successful supply of compressor trains for
new October 2021 dates, and we very much other Saudi Aramco projects, including the
look forward to welcoming you then,” the gas storage project new Fadhill gas plant and the Hawiyah gas
organisers added. expansion project.
For 26 years, the GEO exhibition and Siemens Energy has been selected to provide Patrice Laporte, head of North America
conference has been at the forefront of centrifugal compressor systems for Saudi Industrial Applications Products, said,
petroleum geoscience. Aramco’s Hawiyah Unayzah Gas Reservoir “Siemens Energy is honoured to receive
GEO has fast become a next generation Storage (HUGRS) project. this order, which we believe is due to our
energy event, hosting major NOCs, IOCs, The plant includes a gas injection facility proven ability to deliver better compressor
manufacturers, technology providers and with a capacity of 1,500 million standard cubic performance and flawless execution, which
service companies – all of whom play an feet per day (MMSCFD) (42,475,270 cubic ultimately results in lower life cycle costs.”
active role in the global energy value chain. metres per day, or m3/d) and a withdrawal OIL REVIEW
OIL REVIEW facility capable of processing up to 2,000

P16 www. NEWSBASE .com Week 31 05•August•2020