Tag Archive | "Saipem"

Iraq Shortlists Candidates for Jordan Pipeline


By John Lee.

The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country’s first such pipeline in decades.

Iraq’s oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build a section of the 1,040-mile pipeline from Basra to Jordanian Red Sea port of Aqaba.

The short-listed companies and consortiums are:

  • Lukoil (Russia);
  • China National Petroleum Corporation (CNPC);
  • Marubeni Corporation (Japan);
  • Mitsui (Japan);
  • Toyota Tsusho (Japan);
  • Punj Lloyd (India) and Mass Global International (Iraq);
  • Saipem (Italy);
  • Daewoo International Corporation (Korea);
  • Consolidated Contractors Company (CCC) (Greece);
  • Go Gas (India), Larsen & Toubro (L&T) (India), and Fius Capital (Dubai);
  • Petrofac (UK) and Stroygazconsulting (SGC) (Russia); and,
  • Orascom (Egypt) and Petrojet (Egypt).

It is understood that the State Company for Oil Projects (SCOP) will invite the short-listed companies to receive the tender package, and then submit their offers by November or December.

Iraq and Jordan signed a preliminary agreement in April to build the section of the pipeline that would stretch from an Iraqi oil pumping station in Haditha, west of Iraq, to Aqaba. The rest of the pipeline, which is 680 kilometers long, linking a Basra pumping station with the one in Haditha would be built and financed by the Iraqi oil ministry.

Iraq hopes the pipeline will make it less dependent on Persian Gulf export terminals, providing an alternative route if Iran closes the Strait of Hormuz.

A third section of the pipeline, running to Syria’s Banias port in the Mediterranean, has been postponed because of the conflict in the neighboring country. It would have a capacity of 1.25 million barrels a day.

(Sources: WSJ, Reuters)

Posted in Construction & Engineering, Oil & GasComments (7)

Saipem Negotiating $1bn Iraq Contract


By John Lee.

The Chief Executive Officer of Italy’s Saipem has said that the company is negotiating a contract worth around $1 billion in Iraq.

According to Reuters, Pietro Franco Tali (pictured) said on a conference call that the negotiations could be finalised by the end of the year.

Iraq Business News believes the contract being discussed is a 1,500 megawatt power plant in western Iraq.

(Source: Reuters)

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Iraq picks Petrofac for $95m SPM Contract


Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq’s new offshore terminals and sub-sea pipelines at the Gulf.

The contract involves maintenance work to ensure there are no leakages in the pipelines or any faults at the two new single point mooring (SPM) terminals that may delay the loading of crude.

Iraq’s South Oil Company awarded the deal to Petrofac ahead of the also shortlisted Saipem of Italy and Australia’s Leighton Holdings.

“Petrofac’s offer was picked for the service contract and the one year extendable contract has been referred to the oil minister for final approval,” the oil official, who declined to be named, said.

Two of Iraq’s four new SPM terminals, built by Leighton, have already started operation and have boosted oil exports significantly.

(Source: Reuters)

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Bidders Named for $1bn Iraqi Power Plant


Iraq  has announced the names of foreign companies bidding to build a $1 billion, 1,500 megawatt, power plant in western Iraq, according to a report from Reuters:

  • South Korea’s Hyundai Engineering & Construction;
  • Italy’s Saipem;
  • Greece’s Metka;
  • Turkey’s Gama; and,
  • a consortium of Turkey’s Calik Enerji and Italy’s Techint.

The plant will consist of six units: four gas units and two “thermal” units, deputy minister of electricity, Salam Qazaz told the agency.

The plant is due to be completed in 33 months.

(Source: Reuters)

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Fairstar Wins $9.6m Saipem Contract in Iraq


Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Saipem S.p.A. to provide float-over and installation services to Saipem for the 8,000 tonnes CMMP Platform in the Persian Gulf, off-shore Iraq. Saipem has contracted the new 50,000DWT semi-submersible vessel FINESSE for the transportation of the CMMP module from the fabrication facility in Karimun, Indonesia in the second half of 2013.

Philip Adkins, Chief Executive Officer of Fairstar commented on the new Saipem contract and provided a fleet update:

The Saipem contract to install the CMMP Platform in the Persian Gulf is another example of Fairstar’s competitive dominance at the high value segment of the marine heavy transport industry. A float-over operation of this magnitude requires significant engineering skills and a broad range of project management experience. Fairstar has already established itself as the leading provider of module transportation for major LNG projects. Gorgon and Ichthys validated our on-shore dominance. Golden Eagle and the CMMP float-over show an equal facility to deliver safe and reliable transportation of high-value off-shore assets to our EPC clients.

The FJORD [pictured] is now ‘on contract’ for Gorgon and is expected to load the first modules for transport to Barrow Island in May. The FJELL has safely loaded two power generating barges in Bonny, Nigeria and will sail to Escravos, Nigeria tomorrow. Once the power generating barges have been discharged near the Chevron EGTL facility, the FJELL mobilize towards Asia and undergo preparations for Gorgon.

(Source: Fairstar)

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Design of Kerbala Refinery Needs to be Changed


Iraq’s deputy oil minister, Ahmed Shamma (pictured), told the Iraq Refinery conference in London on Tuesday that the FEED (front end engineering and design) of Iraq’s 140,000 barrel a day Kerbala refinery will have to be changed to reduce the fuel oil output of the proposed plant, reports Dow Jones.

The Kerbala plant, one of four major new refineries planned by the Iraqi government, was originally designed to supply large volumes of fuel oil to a nearby power plant, but that plant has now decided to use natural gas instead.

A consortium including Italy’s Saipem and Eni made a preliminary agreement in July to develop the Kerbala refinery; the agreement was only valid for an initial six months and Shamma described talks with the consortium as “interrupted”.

French engineering company Technip did FEED for the Kerbala project, but according to the report, Shamma did not say if they would be doing the redesign.

Dialogue continues with one potential investor in a 150,000 barrel a day refinery in Missan province, Shamma said. There have been initial talks over plans for a 140,000 barrel a day refinery in Kirkuk and a 300,000 barrel a day plant in Nassiriya, he said.

The total investment to build the four plants could range between $24 billion and $27 billion, he said.

Iraq will encourage private companies to invest in domestic refineries, particular international operators, by allowing them to sell fuel they produce at international prices and market it in their own retail network, Shamma said.

Iraq’s refining throughput averaged 567,000 barrels a day last year and is expected to reach between 600,000 and 620,000 barrels a day this year, thanks to work to improve existing plants, said Shamma. Capacity should reach 750,000 barrels a day by the start of 2013, due to an expansion of the Basra refinery, he said.

(Source: Dow Jones)

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Samsung Wins $1bn Oil Contract


Iraq’s cabinet announced that it had approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna 2 oilfield, according to Reuters.

While the memo did not name the company, Samsung Engineering was the only South Korean company on the final shortlist.

Iraq and its partners, Russia’s Lukoil and Norway’s Statoil, had shortlisted five companies to compete for the West Qurna Phase Two oilfield development contract.

The other companies were Saipem, SNC Lavalin Group Inc, Punj Lloyd Ltd, Globalstroy Engineering and South Korea’s Samsung Engineering, an oil official said.

The tenders announced were for the construction of an oil export pipeline, a tank farm at Tuba, a power distribution station and an associated gas processing plant, and also an oil gathering system, central processing facilities and a water supply system.

They are expected to help production at the field hit 150,000 barrels of oil per day (bpd) in January 2013, an Iraqi oil official said.

(Sources: Reuters, AKnews)

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Saipem Wins Contract for Basra Oil Export Expansion Project


Iraq’s South Oil Company has awarded Italy’s Saipem the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal (ABOT), off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad.

The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres, along with associated facilities.

Fabrication of the CMMP topsides will be carried out at Saipem’s yard in Karimun (Indonesia), while the jacket and piles will be fabricated at the Saipem Taqa Al-Rushid (STAR) yard in Dammam (Saudi Arabia). Offshore activities will be performed in the third and fourth quarter of 2013.

(Source: Saipem)

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