Posted inProducts & Services

Weatherford nets $200m early works deal at Garraf

US oilfield services company to build two train degassing facility

Weatherford nets $200m early works deal at Garraf
Weatherford nets $200m early works deal at Garraf

US oilfield services firm Weatherfor has been awarded a works package at the Garraf field, according to a recently retired government source quoted by Dow Jones Newswires on Friday.

The Garraf field, which has reserves of around 1 billion barrels, is expected to produce 50,000 barrels a day next year, 60,000 barrels a day in 2013 and 100,000 barrels a day in 2014, Adnan Galay, who retired as chairman of the field’s joint management committee a few weeks ago, told Dow Jones.

The contract will cover early production work involves construction of a degasing facility with two trains of 50,000 barrels a day each, as well as storage tanks and infrastructure.

Weatherford – which beat Petrofac with JGC, and Saipem with Punj Lloyd – to the deal – was reportedly awarded the contract by the Malaysian company Petronas (45% stake) and its partners, Japan Petroleum Exploration (Japex) (30% stake), and Iraq’s state South Oil Company (25% stake). The consortium was awarded the technical service contract for developing the field in 2010.

Lakeshore TolTest has reportedly been retained by Weatherford as a subcontractor under the contract.

 

Staff Writer

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and...