Royal Dutch Shell has signed a contract with Saipem SpA
Posted on October 13, 2009 – 3:43 pm | by oilandgaspress.com
US crude for November delivery fell $0.28 to $72.99 London Brent crude lost $0.19 to $71.17.
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Saudi Aramco plans to award an integrated drilling contract in South Ghawar in a bid to cut costs, according to industry sources.
Aramco is expected to award the $500m contract by mid-November, industry sources close to the bidding process told Reuters.
Baker Hughes, Sinopec, Schlumberger, Halliburton and Weatherford are bidding for the job, according to the agency.
“They want one company to provide the rigs, directional services. The objective is to cut costs,” a source told Reuters.
The five-year turnkey project will allow service providers to fully manage the drilling operations, including rigs.
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Royal Dutch Shell has signed a contract with Saipem SpA for the provision of crude oil flowlines and the installation of production facilities at the Bonga North-West project offshore Nigeria.
Under the contract, Saipem will design, fabricate, install and pre-commission the 13km subsea flowlines that will transport crude oil from Bonga to existing production, storage and offloading facilities.
The Bonga offshore project has a capacity of 200,000 barrels of crude and 150 million cubic feet of gas per day.
Shell operates the Bonga fields on behalf of the state-owned Nigerian National Petroleum Corporation, under a production sharing contract.
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The eighth auction round of exploration blocks by India saw bids for 36 of the 70 blocks offered, as the economic slump, valuations and a corporate battle over the sale of natural gas from Reliance Industries’ field made investors cautious, Reuters reported.
The provisional winners announced in the latest round include BHP Billiton, Cairn India and ONGC.
BHP Billiton has won three shallow-water blocks in the Mumbai basin, off India’s west coast.
Cairn India, a unit of Cairn Energy, is also the provisional winner for a deepwater block in the Mumbai basin.
ONGC and its partners were the provisional winners of seven deepwater blocks, the news service said.
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Tags: CONTRACT, drilling, Saudi Aramco, South Ghawar
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