Gulf Oil and Gas accountACCOUNT

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.

FEED News in Turkey >>

Norway >>  5/24/2016 - Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities....
Austria >>  5/23/2016 - Open interest volume (OIV) increased in April for select US commodity markets such as agriculture, copper, natural gas, livestock and precious metals,...

United Kingdom >>  5/23/2016 - Subsea 7 S.A. announced the details of the major contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshor...
Norway >>  5/19/2016 - Aibel AS and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig re...

Netherlands/Holland >>  5/17/2016 - Subsea IMR Provider, N-Sea and Subsea Projects and Engineering Provider, DOF Subsea have entered into a two-year cooperation agreement to provide an i...
Austria >>  5/15/2016 - Demand for OPEC crude for 2016 remained unchanged from the previous report and is projected to increase by 1.8 mb/d, to average 31.5 mb/d. Within the ...

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

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