Allan Domingo, CPA, US CMA’s Post

The TR Engineering Consultancy LLC (a tecnicas reunidas group of companies) Reunidas (MERAM) project, officially known as the Maximizing Ethane Recovery and Monetization (MERAM) project, is a significant initiative undertaken by ADNOC Gas in collaboration with Tecnicas Reunidas and the National Petroleum Construction Company (NMDC Group ). This project is part of a broader strategy by ADNOC Group to expand and enhance its gas processing infrastructure within the UAE, particularly at its existing onshore installations in the southwestern Abu Dhabi Emirate, specifically the Habshan complex Project Scope and Objectives: The MERAM project aims to increase ethane extraction capability at the Habshan site by 35-40% from current levels. This enhancement is achieved through the construction of new gas processing units. Additionally, the project aims to unlock further value from existing feedstock, which will be delivered to the Ruwais Industrial Complex via a dedicated 120-km natural gas liquids (NGL) pipeline Contract and Execution: On August 9, 2023, ADNOC Gas awarded a $3.6 billion contract to a joint venture between Tecnicas Reunidas and NMDC Dredging & Marine . This contract covers engineering, procurement, construction, and commissioning (EPCC) services for the new gas processing installations at the multi-train gas processing complex at Habshan, Al Gharbia.  Economic Impact and ICV Program: More than 70% of the contract award’s value will flow back into the UAE’s economy under ADNOC Group's In-Country Value (ICV) program. This program is designed to support local economic growth and diversification, aligning with the UAE's broader economic strategies.  Strategic Importance: The MERAM project is a critical component of ADNOC’s integrated gas masterplan, which aims to link every part of the UAE’s gas-value chain. This plan not only ensures sustainable and economic gas supplies to meet both domestic and international demand but also incorporates new approaches and technologies to boost gas recovery from existing fields and develop untapped resources.  Timeline: The project reached its final investment decision during the first quarter of 2023 and is scheduled for commissioning during the third quarter of 2025

L&T wins largest cross-country pipeline EPC project in Mideast India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its hydrocarbon vertical has secured a major onshore gas pipeline project - valued in the range of Rs50 billion to Rs100 billion ($603.5 million to $1.2 billion) - from a major client in the Middle East. As per the deal, L&T Energy Hydrocarbon (LTEH) will provide engineering, procurement and construction services for two new 56-inch pipelines along with associated scraper receivers and launchers as well as set up main line isolation valve (MLIV) stations running parallel to the existing pipeline corridor. Commenting on the big order win, Subramanian Sarma, the Whole-time Director and Senior Executive Vice President (Energy) for L&T said: "This is the largest cross-country pipeline EPC project awarded to us till date and we are excited to bring our expertise to this strategic project." Organised under offshore, onshore EPC, modular fabrication, offshore wind farm business and AdVENT (advanced value engineering and technology) groups, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, LTEH has been setting global benchmarks in all aspects of project management, corporate governance, quality, health safety environment (HSE) and operational excellence. According to L&T, this comes close on the heels of LTEH's recent win of an onshore and offshore order from another prestigious client in the Middle East. Its scope of work for the onshore order included engineering, procurement and construction of an enclosed ground-flare system and demolition of existing facilities as well as reducing flame and smoke visibility to the nearby ongoing large scale residential developments. The offshore order involves mainly brownfield work including upgradation of shutdown systems in existing offshore platforms. L&T said its Energy Hydrocarbon unit has been executing several domestic and international projects and remained committed to building its regional presence in the geographies that it operated. This will be done by boosting local skills and talent, improving procurement from local vendors and engaging commercially with local contractors on the foundation of a sustainable workload, it added.-TradeArabia News Service #contract #epc #pipeline #mideast https://lnkd.in/dBYqZ8H2

ADNOC Reaches Key Milestone in $17 Billion Hail & Ghasha Offshore Megaproject Insights: 1. Key Milestone Achieved: • Abu Dhabi National Oil Company (ADNOC) has reached a significant milestone in the Hail & Ghasha offshore development project with the first cut-of-steel for the project’s subsea structures. • This marks a crucial step in the construction phase of the largest gas project in ADNOC’s history. 2. Project Overview: • The Hail & Ghasha project is part of Abu Dhabi’s Ghasha Concession. • It is expected to produce more than 1.5 billion cubic feet per day (Bcfd) of gas by 2030. • The project is integral to the United Arab Emirates’ ambitions for gas self-sufficiency and ADNOC’s plans for gas growth and export expansion. 3. Economic Impact and Local Involvement: • ADNOC emphasized its commitment to working with high-quality local suppliers through its in-country value (ICV) programme. • Since 2018, the ICV programme has driven more than $51 billion back into the UAE economy, highlighting the project’s significant economic impact. 4. Strategic Importance: • The Hail & Ghasha project is a cornerstone of ADNOC’s strategy to enhance the UAE’s energy security and boost its role in the global gas market. • The development of this megaproject underscores ADNOC’s capabilities in executing large-scale, complex offshore projects. 5. Timeline and Future Prospects: • The project is on track to meet its production targets by the end of the decade. • Achieving the first cut-of-steel milestone indicates that the project is progressing as planned, ensuring timely delivery of its gas production goals. This milestone underscores ADNOC’s strategic focus on expanding its gas production capabilities and contributing to the UAE’s long-term energy security and economic growth.

Adnoc Awards $1.7 Billion Contracts for South East Oilfield Expansion Project Insights: 1. Major Contracts Awarded:The Abu Dhabi National Oil Company (Adnoc) has awarded two significant engineering, procurement, and construction (EPC) contracts valued at $1.7 billion as part of its efforts to expand the South East oilfield asset. 2. P5 Production Enhancement Plan:These contracts are part of Adnoc’s P5 production enhancement plan, which aims to boost Abu Dhabi’s crude oil production capacity to 5 million barrels per day by 2027. 3. Strategic Importance:The expansion of the South East asset is critical for Adnoc’s long-term strategy to increase production and maintain its position as a leading oil producer in the region. 4. Investment in Upstream Projects:Adnoc has been actively investing in upstream oil and gas projects, with billions of dollars allocated to various contracts and initiatives over the past year, indicating a robust growth trajectory. 5. Bidding Stage for Additional Projects:Several additional projects are currently in the bidding stage, suggesting ongoing opportunities for contractors and service providers in the oil and gas sector. 6. Market Context:The expansion aligns with broader trends in the oil industry, where companies are focusing on increasing production capacity to meet future demand, even in the face of fluctuating oil prices. 7. Economic Implications:The contracts awarded by Adnoc are expected to have positive economic implications for the region, potentially creating jobs and stimulating local economies through increased activity in the oil and gas sector. 8. Focus on Operational Efficiency:As Adnoc pursues its expansion goals, there will likely be a focus on operational efficiency and technological advancements to optimize production processes and reduce costs. 9. Investor Confidence:The substantial investment in the South East expansion project may enhance investor confidence in Adnoc’s long-term growth potential and commitment to maintaining its production levels. 10. Regional Energy Landscape:Adnoc’s initiatives are significant not only for Abu Dhabi but also for the broader Middle Eastern energy landscape, reinforcing the region’s role as a key player in global oil production.

Adnoc Launches Tenders for Wellhead Jackets as Part of Expansion Plans Insights: 1. Tender Opportunities: • Abu Dhabi National Oil Company (Adnoc) has opened tenders for two significant contracts related to multiple wellhead jackets needed for its offshore oil and gas fields. • At least four major contracting firms are expected to compete for these lucrative contracts. 2. Production Capacity Goals: • Adnoc is on a trajectory to increase its oil production capacity from the current 4.85 million barrels per day (bpd) to 5 million bpd by 2027. • This expansion is part of Adnoc’s broader strategy to enhance its operational capabilities and meet rising energy demands. 3. Strategic Expansion Projects: • In addition to increasing oil production, Adnoc is pursuing multibillion-dollar expansion projects aimed at scaling up domestic gas production. • The company is also focused on building a substantial liquefied natural gas (LNG) export facility and is aggressively seeking international acquisitions across the gas value chain. 4. Market Positioning: • The tenders for wellhead jackets signify Adnoc’s commitment to modernizing and expanding its infrastructure to support its ambitious production goals. • The involvement of leading contracting firms indicates strong market confidence in Adnoc’s growth plans and the potential for substantial investment in the region’s energy sector. 5. Future Outlook: • As Adnoc moves forward with its expansion initiatives, the successful awarding of these contracts will be pivotal in bolstering its offshore operations and achieving its production targets. • The focus on both oil and gas production highlights Adnoc’s strategic approach to diversifying its energy portfolio and ensuring long-term sustainability. This analysis underscores Adnoc’s proactive steps in enhancing its offshore capabilities and expanding its energy production, reflecting its position as a key player in the global oil and gas industry.

Kalpataru Projects International Limited wins major EPC contracts from Aramco India's KPIL secures major EPC contracts from Aramco for Saudi gas project, bolstering its presence in the oil market by Dean Mikkelsen March 13, 2024 12:21 PM GST SHARE FBTWMAILLN India-based Kalpataru Projects International Limited (KPIL) has announced securing significant engineering, procurement, and construction (EPC) contracts from Saudi oil giant Aramco for its pivotal Master Gas System Network (MGS‐3) project in the kingdom. KPIL, formerly known as Kalpataru Power Transmission Limited, stands as one of India’s largest engineering, procurement, and construction (EPC) companies. Kalpataru revealed that the EPC scope encompasses laying over 800 km of lateral gas pipeline. The precise contract value of the three packages will be finalised upon contract execution, as stated. The MGS‐3 project aims to expand the current gas network to provide gas supply to various industrial consumers in the region. This augmentation of the gas network is anticipated to bolster the capacity to meet the burgeoning energy demand in Saudi Arabia and phase out the combustion of liquid fuels, thereby aligning with Saudi Arabia’s push towards a diversified energy mix, it further asserted. Commenting on the substantial Aramco order, Managing Director & CEO Manish Mohnot stated: “We are thrilled and immensely proud to have been entrusted by Aramco to carry out EPC work for the MGS‐3 project. This represents a substantial EPC order, marking a significant milestone and reaffirmation of the global recognition of our capabilities.” “KPIL has been steadfast in bolstering its presence in the Middle East’s oil and gas market over recent years. This order stands as a strong testament to our dedication to fortifying our presence across the value chain in the global oil and gas EPC business,” he reiterated.

Saudi Aramco awarded a major offshore contract worth over $2 billion to Saipem (part of a strategic effort to expand the Marjan oil and gas field). Despite the Saudi government’s recent directive that paused the expansion of the country’s overall oil prod. capacity beyond 12 million bpd, Aramco is still pushing forward with select projects like Marjan, Berri, and Zuluf. These expansions are crucial for maintaining KSA’s current crude oil prod. levels and ensuring operational flexibility. The specific project awarded to Saipem, known as Contract Release Purchase Order 127 (CRPO 127), involves significant work (Marjan field). This includes replacing up to 8 slipover jackets (the supporting structures for offshore platforms) and several production deck modules. Additionally, Saipem will be upgrading gas lift platforms, laying more than 50 kilometers of subsea pipelines, and replacing oil flowlines. Aramco has an LTA with several contractors, including Saipem, to work on both brownfield and greenfield offshore projects. The Marjan field’s expansion, along with the Berri and Zuluf projects, is essential for Aramco to maintain its 12 million bpd prod. capacity. By 2025, the Marjan and Berri projects are expected to add 300,000 bpd and 250,000 bpd, respectively. The Zuluf project aims to process 600,000 bpd of crude by 2026. Aramco's strategy is clear: even as some projects are paused, the company is focused on sustaining its maximum sustainable capacity (MSC) by investing in strategic expansions. This ensures that Saudi Arabia remains a dominant force in global oil markets while also preparing for future growth in gas production, aiming for a 60% increase by 2030, driven by initiatives like the $100 billion Jafurah unconventional gas program. https://lnkd.in/dkkwSHaj

**TechnipFMC Scores Major Win with BP for Kaskida Development in the Gulf of Mexico** In a significant move in the oil and gas industry, TechnipFMC has secured a major integrated engineering, procurement, construction, and installation (iEPCI) contract from BP for the development of the Kaskida field in the Gulf of Mexico. This greenfield project marks a milestone in TechnipFMC’s ongoing collaboration with BP to deliver optimal subsea production solutions in the region. The contract, valued between $250 million and $500 million, encompasses the comprehensive design and manufacture of subsea production systems. This includes the creation of advanced 20,000 psi (20K) standardized subsea trees and manifolds, which are critical for effectively managing high-pressure conditions in the Paleogene reservoir. Additionally, the scope extends to the design, manufacture, and installation of subsea umbilicals, risers, and flowlines. These components are essential for linking subsea wells to floating or fixed production platforms, facilitating the efficient extraction and transportation of hydrocarbons. The award follows an integrated Front End Engineering and Design (FEED) study conducted by TechnipFMC. This meticulous planning phase lays the foundation for detailed engineering and procurement processes, ensuring that all technical specifications are thoroughly addressed. Jonathan Landes, President of Subsea at TechnipFMC, underscored the company’s dedication to pioneering high-pressure solutions. “Our innovative high-pressure solutions are key to unlocking economically attractive opportunities in the Paleogene,” he said. “Kaskida is our latest iEPCI project with BP and demonstrates our ongoing collaboration to help bp successfully deliver the project.” Kaskida will feature a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day from six wells in its first phase. Production is expected to start in 2029. The Kaskida field, located in the Keathley Canyon area approximately 250 miles southwest of the coast of New Orleans, holds significant potential for future development, with estimated recoverable resources of around 275 million barrels of oil equivalent from the initial phase. This contract solidifies TechnipFMC’s position as a preferred collaborator for major energy firms seeking dependable and innovative subsea solutions. The acquisition not only augments TechnipFMC’s project portfolio but also enhances its visibility in the Gulf of Mexico, a region recognized for deep-water initiatives. In conclusion, the iEPCI contract for BP

The rapid growth of offshore industries, including oil, gas, and renewable energy, demands innovative, efficient, and reliable solutions for both construction and maintenance operations. In this dynamic landscape, self-propelled jack-up barges (SPJUBs) have emerged as critical assets. These versatile vessels provide a range of benefits that enhance project execution, optimize costs, and increase safety and reliability, making them essential for offshore operations. I. The Role of Self-Propelled Jack-Up Barges Self-propelled jack-up barges are specialized platforms designed with retractable legs that allow them to lift themselves above sea level, ensuring stability during operations. Unlike conventional jack-up barges that require towing vessels, SPJUBs are self-propelled, providing greater mobility and reducing downtime. Their ability to transport equipment and personnel, elevate above harsh sea conditions, and operate across various water depths has positioned them as indispensable in multiple offshore industries. II. Advantages in the Offshore Oil and Gas Sector. 1. Efficient Mobilization and Deployment - SPJUBs eliminate the need for additional towing vessels, saving both time and operational costs. - With dynamic positioning and propulsion systems, these barges can rapidly transit between locations, expediting project schedules. 2. Enhanced Safety and Stability - The ability to lift the platform above the water surface ensures stable operations, even in rough sea conditions, enhancing worker safety. - By reducing dependency on external vessels, the risk of collision or accidents during towing operations is minimized. 3. Cost Savings and Flexibility - SPJUBs perform multiple functions, such as accommodation, equipment transportation, and offshore maintenance, reducing the need for multiple support vessels. - Their mobility allows operators to quickly respond to emergencies or unplanned maintenance requirements, ensuring uninterrupted production. 4. Adaptability to Multiple Offshore Operations - In the oil and gas sector, SPJUBs are used for drilling support, pipeline inspection, topside repair, well intervention, and decommissioning operations. - Their ability to carry heavy equipment and personnel directly to offshore platforms or rigs increases project efficiency. To be continued.

Offshore News - Gulf of Mexico: Congratulations DORIS Group, on the recent front-end engineering and design contract (FEED) award from Zama field partners. It covers the planning of two offshore platforms, 68 kilometers of pipelines and cables, and a new onshore facility, entirely dedicated to the Zama project, located in the Dos Bocas Maritime Terminal, in Paraiso, Tabasco. Doris will collaborate on the FEED work with two Mexican engineering companies, Nomarna and SUMMUM. With estimated gross resources of 600-800m boe, Zama is expected to significantly contribute to Mexico's energy supply over the next 25 years. At its peak, the field is projected to produce up to 180,000 barrels of oil daily, corresponding to around 10% of Mexico's current total oil production. Once these studies have been finalized, the Zama partners will proceed with the tendering process for the engineering, procurement, and construction contracts, followed by the final investment decision. Mexico's PEMEX operates the Zama field with a 50.43% stake, while Wintershall Dea, Talos Energy, and Harbour Energy hold 19.83%, 17.35%, and 12.39%, respectively. Shallow and Deepwater Mexico https://offshoremx.com/ #offshore #oilandgas #energy #upstream #gulfofmexico #shallowanddeepwaterexpo https://lnkd.in/eCnqf8zP