Oilfield Technology - May/June 2020

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World news May/June 2020
In brief
May/June 2020 Oilfield Technology | 5
Eni splits business into upstream and renewables units
Eni has announced a new business structure, involving the creation of two new business groups.
Natural Resources will aim to build up the value of Eni’s oil and gas upstream portfolio, with
the objective of reducing its carbon footprint by scaling up energy efficiency and expanding
production in the natural gas business, and its position in the wholesale market. Furthermore, it
will focus its actions on the development of carbon capture and compensation projects.
The business group will incorporate the company’s oil and gas exploration, development
and production activities, and natural gas wholesale via pipeline and LNG. In addition, it
will include forestry conservation and carbon storage projects, and sustainability which will
continue to integrate across all Eni’s activities.
Energy Evolution will focus on the evolution of the businesses of power generation,
transformation and marketing of products from fossil to bio, blue and green. In particular, it
will focus on growing power generation from renewable energy and biomethane, coordinating
the bio and circular evolution of the company’s refining system and chemical business, and
further developing Eni’s retail portfolio, providing increasingly more decarbonised products for
mobility, household consumption and small enterprises.
The business group will incorporate the activities of power generation from natural gas and
renewables, the refining and chemicals businesses, Retail Gas&Power and mobility marketing.
Equinor and Aker BP to
develop North Sea assets
Equinor and Aker BP have entered into an
agreement on the commercial terms for
the coordinated development of the Krafla,
Fulla and North of Alvheim (NOA) licences,
located on the Norwegian Continental Shelf.
Equinor is the operator of the Krafla
licence and Aker BP is the operator of the
NOA and the Fulla licences.
The area, located between Oseberg
and Alvheim, consists of a number of
licences and complex reservoirs that contain
several oil and gas discoveries with total
recoverable resources estimated at more
than 500 million boe, with further potential
exploration and appraisal opportunities
having been identified by the partners in
the licences.
The contemplated development
concept for the area consists of a processing
platform in the south, operated by Equinor,
with possibilties to several satellite
platforms and tiebacks to cover the various
discoveries.
The partners in the licences are
Equinor ASA, Aker BP AS and LOTOS
Exploration and Production Norge AS.
Tecnimont awarded EPC
contract for Algeria project
Maire Tecnimont S.p.A.’s subsidiary
Tecnimont S.p.A. has been awarded an
EPC contract by Groupement Bir Seba for
the execution of the Bir Seba Phase II and
Mouiat Outlad Messaoud Field Development
Project in Algeria.
Groupement Bir Seba is composed
of Algeria’s state-owned Sonatrach,
Petrovietnam Exploration Production
Corp., and PTT Exploration & Production
Algeria, a subsidiary of Thailand’s national
oil company PTTEP. The project will be
implemented in the Bir Seba and Mouiat
Outlad Messaoud oilfields, located in the
Touggourt area. The overall contract value is
approximately US$400 million.
The project entails the expansion of
an existing oil central processing facility,
with the installation of a new oil separation
train to double the total capacity up to
40 000 bpd. The project also includes
the installation of two additional remote
gathering stations and more than 400 km of
pipelines to connect the new oil production
wells, along with the implementation of gas
lift and water injection facilities.
Gabon
Gabon’s Directorate General of
Hydrocarbons and PGS have expanded
the Gabon MegaSurvey coverage,
increasing access to 3D seismic over the
35 blocks on offer under the ongoing
12th Offshore Licensing Round. Over
65 000 km2 of 3D seismic data and over
21 000 km of 2D seismic data are now
on offer. Well data is also now available
for 167 wells within the MegaSurvey
area, in order to support the evaluation
of the blocks on offer.
Malaysia
McDermott International has completed
the Pan Malaysia Transportation and
Installation projects for Sarawak Shell
Berhad and SapuraOMV offshore
Miri, Sarawak. The projects included
the transport and installation of
jackets, topsides and pipelines for the
Gorek, Larak and Bakong gas fields.
McDermott’s vessel, the Derrick Barge
30, was used to install the structures
and pipelines, including the longest
corrosion resistant alloy pipeline in
Malaysia.
Iraq
Petrofac has secured a further
six-month contract extension with
Basra Oil Co. (BOC) for its long-standing
Iraq Crude Oil Export Expansion Project
(ICOEEP). The offshore facility handles
approximately 50% of Iraq’s crude
oil exports and comprises a central
metering and manifold platform and
four single point moorings which
facilitate oil export onto awaiting
crude carrier tankers. Petrofac is also
responsible for almost 300 km of subsea
pipelines, 1800 m of subsea and floating
hose infrastructure and a marine spread
comprising 14 vessels.