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Lamprell revealed Wednesday that it has been awarded a large Engineering, Procurement, Construction and Installation contract by Saudi Aramco.
Lamprell revealed Wednesday that it has been awarded a “large” Engineering, Procurement, Construction and Installation (EPCI) contract by Saudi Aramco.
The deal is part of Aramco’s Long-Term Agreement Program (LTA) with Lamprell. Work under the contract comprises two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan field, which is located in the Arabian Gulf, off Saudi Arabia’s East Coast. Lamprell defines a large contract as being worth between $51 million and $150 million.
“We are delighted to have received our first LTA contract award since joining the program in 2018,” Christopher McDonald, Lamprell’s chief executive officer, said in a company statement.
Petronas announced two separate discoveries on Wednesday; Hidayah-1, an oil discovery offshore Indonesia, and Dokong-1, a gas discovery offshore Malaysia.
The deal will facilitate front-end design, engineering, procurement, construction, installation, and operations of the Anchois project.
Chariot Oil & Gas Limited (AIM: CHAR) reported Monday that it has signed a collaborative agreement with Subsea Integration Alliance to fast-track the Anchois Gas Development project on Morocco’s Atlantic coast.
Subsea 7 (OTCMKTS: SUBCY) and Schlumberger (NYSE: SLB) unit OneSubsea make up Subsea Integration Alliance. According to a written statement from Chariot, the deal will facilitate the front-end design, engineering, procurement, construction, installation, and operations of Anchois – located in the Lixus Offshore License just south of Spain.
“We are pleased to be starting a journey with Chariot on the exciting Anchois gas development in Morocco,” Subsea Integration Alliance CEO Stuart Fitzgerald remarked in a written statement emailed to Rigzone. “We believe the Subsea Integration Alliance ‘One-team’ collaboration with Chariot w
OPEC and its allies no longer need to be worried about competition for market share from the US, according to Pioneer s CEO.
(Bloomberg) Strong demand for crude oil and low growth rates from shale mean OPEC and its allies no longer need to be worried about competition for market share from the U.S., according to Pioneer Natural Resources Co.
“I’m still a strong believer that demand is going to come back strong, both on airlines and also driving around the world once we get herd immunity,” Chief Executive Officer Scott Sheffield said on a conference call today. “I’m confident that we can assume the Iranian barrels into the marketplace over time and then U.S. shale is no longer going to be a threat to OPEC and OPEC+.”