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
Products and vendors Services and providers Jobs

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 >>

Saipem Wins $1b Contract in Caspian Region
Italy >>  11/25/2014 - Saipem, through its controlled company ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract in the Caspian R...
Balance of Supply and Demand
Austria >>  11/13/2014 - Forecast for 2015 ...

Oil Market Highlights - November 14
  Austria >>  11/12/2014 -  Crude Oil Price Movements
The OPEC Reference Basket averaged $85.06/b in October, representing a decline of $10.92 from the previous mo...

Signs of a Continued Recovery
  Austria >>  11/12/2014 - Final figures for global manufacturing in October confirm that the world economy continues to recover gradually. Global manufacturing Purchasing Manag...

Crude Oil Price Movements - November 14
  Austria >>  11/12/2014 - The OPEC Reference Basket (ORB) plunged the most in a month since June 2012 to settle at around $85/b in October, a four-year low. Since it peaked in...
World Economy - November 14
  Austria >>  11/12/2014 - With the support of the latest GDP data from the US, some uptick in China, continued improvements in India, additional monetary stimulus in Japan and...



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

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


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 B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed