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2016-05-10 18:00:00

SHAH DENIZ $1.5 BLN

SHAH DENIZ $1.5 BLN

 

SHAH DENIZ PIPELINE MAP

 

BP PLC, on behalf of the Shah Deniz consortium, has let a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 offshore Azerbaijan to the BOS Shelf LLC, Saipem Contracting Netherlands BV, and Star Gulf FZCO consortium.

The scope of work is for management and operation of the Khankendi newbuild subsea construction vessel (SCV) for the transport and installation of the deeper water subsea production systems and subsea structures at all five flanks of the project.

"The new flagship vessel Khankendi, which is currently under construction by Baku shipyard, will provide essential support for the installation of the Stage 2 subsea structures—the biggest subsea production system ever built in the Caspian," said Frank Wilson, BP's vice-president for the Shah Deniz Stage 2 marine and subsea program.

"The construction of the Khankendi is making excellent progress with the hull strips and bow block already integrated," he added.

The contract scope is planned for completion by the middle of 2022, with a 5-year option to extend the contract to cover the installation of remaining trees, flying leads, and jumpers at the east-south, east-north, and west-south subsea flanks between 2022 and 2027.

The scope also includes the reactivation of the pipe-lay barge Israfil Huseinov and the second pipe-lay installation campaign of the deeper water flow-lines in 2019.

Work on Shah Deniz Stage 2 and South Caucasus pipeline expansion (SCPX) projects continue to move forward with more than 70% of all first gas work across Azerbaijan and Georgia already complete in terms of engineering, procurement, and construction.

The project remains on schedule to start gas production in 2018.

ogj.com

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Earlier: 

SOUTHERN CORRIDOR FUNDING 

BP & AZERBAIJAN COOPERATION 

TURKISH GAS RHETORIC 

TANAP PARADOXES 

AZERBAIJAN GAS UP 6% 

TURKEY: GAS MEGA HUB 

TAP IN EUROPE

 

 

 

 

Tags: SHAH, DENIZ, BP, AZERBAIJAN, GAS, TURKEY

Chronicle:

SHAH DENIZ $1.5 BLN
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

SHAH DENIZ $1.5 BLN
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

SHAH DENIZ $1.5 BLN
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

SHAH DENIZ $1.5 BLN
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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