Engineering: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

AMEC Paragon wins contract for Turkish Black Sea gas project

Source: www.gulfoilandgas.com 9/19/2007, Location: Europe

Share |

AMEC announced that Houston-based subsidiary AMEC Paragon was selected by the Turkish national oil company, Turkiye Petrolleri A.O. (TPAO), to provide front-end engineering design (FEED) for a natural gas drilling and wellhead platform in the Western Black Sea near Akcakoca, Turkey.

As operator for the Akcakoca Gas Field Development Project, TPAO holds a 51 percent share in the development. Toreador Resources (USA) and Stratic Energy (Canada) are joint venture partners.

Prompted by Turkey's rapidly growing demand for natural gas resources, the project represents a significant milestone for the country as the Turkish Black Sea's first major gas development project. Financial details of the award are undisclosed.

Recent exploratory discoveries in the Black Sea evidence major reserves in the region, which TPAO plans to develop to reduce Turkey's dependence on imported hydrocarbons and gain a foothold as a significant player in Middle East and African oil and gas production.

"We are honored to assist TPAO in its efforts to increase Turkey's production by exploiting the much-needed energy resources from the Black Sea," said Terrance Ivers, AMEC Paragon's president. "We are bringing our worldwide project execution expertise to the Akcakoca project to help TPAO maximize efficiency by optimizing offshore infrastructure."

AMEC Paragon's work aims to expand gas production capacity, currently achieved via three minimal tripods, by 35% to 75 million standard cubic feet per day (MMscfd). A new four-legged platform in 312 feet of water will be installed over two existing exploratory wells. TPAO plans to drill three or four additional production wells from the same platform. Additional exploratory wells are planned for 2008.

After FEED, AMEC Paragon expects to provide detailed engineering and construction management for the platform facilities, pipeline and drilling rig.

Mehmet Kul, Deputy Director of TPAO's Production Division, said, "We value AMEC Paragon's design and project management experience and will look to them to help devise the offshore infrastructure to allow us efficient access to the significant Black Sea reserves."

AMEC Paragon performed a concept identification and ranking study for TPAO in early 2006 to determine the type of platform and facilities most suitable for the site.

Engineering News in Turkey >>

Balance of Supply and Demand Forecast for 2014 - August 14
Austria >>  8/21/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report, reflecting the upward adjustment of non-OPEC supply as well as th...
CB&I Awarded Technology License in Poland
Poland >>  8/21/2014 - CB&I has been awarded a contract by Polski Koncern Naftowy Orlen S.A. (PKN) for the license and engineering design of a new on-purpose propylene produ...

Refinery Operations - August 14
Austria >>  8/18/2014 - Refinery utilization rates in the US exhibited a sharp rise during July when US refinery utilization averaged 92.7%, an increase of 4.5 percentage poi...
Developments in Crude Price Spreads - August 14
  Austria >>  8/11/2014 - Since the start of 2014, crude futures prices on the two sides of the Atlantic Basin have performed differently. While the price of Nymex WTI surged b...

Oil Market Highlights - August 14
  Austria >>  8/11/2014 - Crude Oil Price Movements
The OPEC Reference Basket fell by $2.28 to $105.61/b in July amid easing worries about supply disruptions and w...

Crude Oil Price Movements - August 14
  Austria >>  8/11/2014 - The OPEC Reference Basket (ORB) fell in July by $2.28 to $105.61/b after reaching its highest value for the year a month earlier, as the market put a...



Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management  Training & Education 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management  Training & Education 


Turkey Oil & Gas 1 >>  2 |

More News

Oil & Gas Companies in Turkey >>

Related Links

Countries Quick Links

00 AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us