Page 13 - MEOG Week 42

MEOG
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MEOG
prestigious organization that shares our vision of promoting skills advancement through the excitement of Formula 1 and motorsport. Yas in Schools is a vital tool in providing students with access to STEM-related learning in an interactive environment and has long-term community benefits for nurturing talent in the uAE’s engineering and manufacturing sectors.”
Yas in Schools will also will be present at the 7th Young ADIPEC event, taking place at Abu Dhabi National Exhibition Centre on 11th-14th November.
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oil
Oman crude oil solid at strong premium
Oman’s Ministry of Oil and Gas (MOG)
sold a cargo of Oman blend crude via DME Auctions, achieving once again a premium above the Official Selling Price (OSP) that reflects the current market in the Middle East and Asia.
The 2-million-barrel cargo of December- loading Oman blend crude was awarded
at a premium of $0.25 per barrel over the December OSP.
The DME Auction platform saw 14 participants with 17 active bids placed during the 2 minutes. The Oman OSP is calculated
on a volume-weighted average of daily DME Oman Crude Oil (OQD) Marker Prices over the month.
Raid Al Salami, managing director, DME, said: “Once again DME auctions proved to be the ideal platform and the most transparent mechanism to buy and sell spot cargoes.
It gives buyers an equal opportunity to access the extra crude oil in the market and transact cargoes in just 2 minutes.
The platform has auctioned 41.6 million barrels from 4 different grades, including Oman Crude Oil, basrah Light, basrah Heavy, and Kimanis, and generated premiums of $17.8 million above the official selling price.” times oF oman
Gas
Two South Pars platforms loaded
Two platforms belonging to Phases 22 to 24 of South Pars gas field were loaded on Wednesday.
The two structures, including a satellite and a main platforms, are the final structures to be installed in the offshore project.
According to the Pars Oil and Gas Company (POGC), Ali Asghar Sadeghi, deputy director of the project, said the main platform of Phase 23 and the 24b satellite platform were loaded on FLb124 barge to be
installed on their designated offshore spot in the Persian Gulf.
He added that the simultaneous transfer operation of the two gas platforms was scheduled to take place next week, but thanks to the round-the-clock efforts of all the operating groups, the transfer of the 2,500-tonne super-structures took place earlier than anticipated.
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Gas recovery resumes at SPD9
Production of gas has resumed at a South Pars platform for Phases 6-8 (SPD 9) that had caught fire in June.
According to the CEO of the Pars Oil and Gas Company (POGC), reconstruction of the platform had finished and it was producing natural gas from the offshore field in the Persian Gulf.
He said the operation to repair the platform took less than 4 months.
The platform is one of the three platforms in South Pars Phases 6 to 8 and can operate with 28 mcm/d of production capacity.
Iran shares the massive gas field with Qatar.
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Week 42 22•October•2019
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