SARB offshore project given 2016 production target

SARB offshore project given 2016 production target by Arabian Oil & Gas Staff on Sep 5, 2011 Be the first to comment Ali Rashid Al Jarwan, ADMA-OPCO's CEO. ADMA OPCO's Satah Al Razboot (SARB) full field development has been approved by ADNOC to proceed with high priority in order to start production by early 2016, according to the offshore production company's annual review. The SARB Project Team was formed under the sponsorship of ADMA-OPCO’s CEO Ali Al Jarwan, and the Front-End Engineering and Design (FEED) was awarded in 2010. The annual report reveals the target was to complete the FEED activities by April 2011. The developed scheme is based on building two artificial islands for drilling instead of the conventional Wellhead Towers approach and directs the well fluid through subsea pipelines to a new facility to be installed on Zirku Island for processing, storage and export of the SARB production of 100 MBD of crude oil. An option to export crude through Jabbel Al Dhanna is being studied. This facility will also handle the Umm Lulu production of 105 MBD in addition to the Gas and Water Injection requirement for SARB Field. ADNOC is scheduled to complete the artificial islands construction by end 2012. The layout of the falcon shaped islands has been finalized and an optimum well location for drilling and SIMOPS has been identified. The current plan is to drill 44 wells from SARB 1 and 42 wells from SARB 2. The First Stage Separation study concluded that no separation will be introduced to the artificial islands in compliance with the Select Stage findings. A combined oil and gas pipeline option has been adopted and two 26 inch combined fully rated oil and gas pipelines- one from each island (SARB 1 & SARB 2) - to Zirku Island have been selected. The start-up of drilling by a new onshore rig suitable for extended reach drilling is targeted for August 2013 from SARB 1 and by January 2014 for SARB 2. =========== Abu Dhabi receives bids on Sarb and Umm al-Lulu projects 6 November 2012, 11:58 GMT | By Mark Watts Contractors submit commercial bids for two major packages on offshore oil fields Abu Dhabi has received commercial bids on two major packages to develop its Satah al-Razboot (Sarb) and Umm al-Lulu offshore oil fields, according to sources close to the bidding process. Offshore producer Abu Dhabi Marine Operating Company (Adma-Opco) tendered the engineering, procurement and construction (EPC) contracts in the first quarter of 2012 and received technical proposals in June. The projects are part of Adma-Opco’s plan to add 300,000 barrels a day (b/d) of additional production from four new offshore fields, with about 100,000 b/d coming from both Umm al-Lulu and Sarb. Adma-Opco received bids from the same group of contractors for Sarb full field development package three on 5 November and Umm al-Lulu full field package one on 6 November, according sources from three bidding companies. The contractors are: Hyundai Heavy industries (South Korea) Leighton Offshore (Australia) McDermott (US) NPCC (UAE) Petrofac (UK) Saipem (Italy) Samsung Engineering (South Korea) Technip (France) Sarb package three covers offshore pipelines and platforms, while Umm al-Lulu package one includes the construction of wellhead towers and platforms. Commercial bids on the much-larger package four of the Sarb full field development, which covers the construction of the project’s main processing plant are expected to be submitted on 26 November. Meanwhile, Adma-Opco has not yet issued a deadline for bids on Umm al-Lulu package two. Adma-Opco is majority-owned by Abu Dhabi National Oil Company (Adnoc), with minority stakes held by the UK’s BP, France’s Total and Japan Oil Development Company (Jodco). Offshore developments are playing a key role in Abu Dhabi’s efforts to increase its crude production capacity to 3.5 million barrels a day (b/d) from today’s estimated 2.6 million b/d. Abu Dhabi’s Zakum Development Company (Zadco) is expected to award an estimated $4bn EPC contract on its Upper Zakum oil field development by the end of the year ================= FACTBOX-UAE oil and gas concessions Wed, Sep 22 03:58 AM EDT Sept 22 (Reuters) - Multinational companies hold large stakes in concessions that pump most of the oil and gas in the United Arab Emirates, the world's third-largest oil exporter. The UAE has said it aims to increase its oil production capacity to 3.5 million barrels per day (bpd) from 2.7 million bpd now and it will be reliant on these concessions for the increase. [ID:nLDE6740HT] The UAE's concessions system allows oil and gas producers to acquire their own equity hydrocarbons from an OPEC country but in return they have to provide much of the investment for new production and agree margins analysts say are very tight by international standards. Following are details of the four largest concessions, with capacity based on official information and industry estimates. ABU DHABI COMPANY FOR ONSHORE OIL OPERATIONS (ADCO) * Capacity around 1.4-1.5 million bpd. * Concession expires 2014. * ADCO has said it aims to boost capacity to 1.8 million bpd by 2017, spending over $5 billion on projects. * Operates onshore and in shallow coastal waters of the emirate of Abu Dhabi. * Oil output is mainly from five fields: Asab, Bab, Bu Hasa, Sahil and Shah. All fields are linked to the storage and shipping facilities located at Jabel Dhana, where tankers load Murban crude for export. * Oil production also comes from four other fields: Jarn Yaphoure, Al Dabbiya, Rumaitha and Shanayel. * Original concession signed January 1939 with Petroleum Development (Trucial Coast). In 1962, the company became known as the Abu Dhabi Petroleum Company (ADPC), and in 1979, it became known as the ADCO. * Equity stakes: - Abu Dhabi National Oil Company (ADNOC) 60 percent - BP Plc (BP.L) 9.5 percent - Royal Dutch Shell (RDSa.L) 9.5 percent - Total SA (TOTF.PA) 9.5 percent - Exxon Mobil (XOM.N) 9.5 percent - Partex Oil and Gas 2 percent. ABU DHABI MARINE OPERATING COMPANY (ADMA-OPCO) * Capacity around 550,000 bpd. * Concession expires 2018 * First offshore oil discovery in Abu Dhabi was made in 1958 at Umm Shaif. Operations focused on offshore areas of Abu Dhabi. * Oil and gas production comes from two major fields, Umm Shaif and Lower Zakum. Crude is transferred to Das Island, for processing, storing and export. * Equity stakes: - ADNOC 60 percent: - BP 14.66 percent - Total 13.33 percent - Japanese Oil Development Co (Jodco) (owned by INPEX (1605.T)) 12 percent. ZAKUM DEVELOPMENT COMPANY (ZADCO) * Capacity 550,000 to 600,000 bpd. * Upper Zakum concession expires 2026, other fields 2018. * Zadco was established in 1977 to develop and operate the Upper Zakum field, which Zadco ranks as the world's fourth largest. It also operates Umm Al Dalkh and Satah fields. * The Upper Zakum concession was extended to 2026. * Equity stakes: - ADNOC 60 percent - Exxon Mobil 28 percent (Exxon stake taken January 2006 as part of plans to boost output from Upper Zakum to 750,000 bpd by 2010 from 500,000 bpd.) - Jodco 12 percent ABU DHABI GAS INDUSTRIES LTD (GASCO) * Set up in 1978, Gasco has the concession to handle gas processing and natural gas liquid extraction operations from the UAE's onshore fields. It draws gas from various fields, including Asab, Habshan-Bab, BuHasa and Ruwais. * The UAE holds the world's seventh-largest gas reserves, at around 227.1 trillion cubic feet, according to BP statistics. Much of the UAE's gas is sour. * The Gasco concession was renewed in April 2009 on a 20-year contract backdated to start in 2008 so is due to expire in 2028. * Equity stakes - ADNOC 68 percent - Shell 15 percent - Total 15 percent - Partex 2 percent OTHER UAE CONCESSIONS * In addition to Adco, Adma-Opco, Zadco and Gasco, the UAE also has a handful of much smaller concessions, including one granted to Occidental Petroleum (OXY.N), but none of them yet produces large quantities of oil or gas. (Reporting by Simon Webb, Christopher Johnson, David Turner, Amena Bakr and Barbara Lewis; editing by William Hardy) ====================== UAE criticizes Iran lawmakers' visit to disputed islands Mon, May 06 10:12 AM EDT DUBAI (Reuters) - The United Arab Emirates criticized on Monday a visit by Iranian lawmakers to Gulf islands near the Strait of Hormuz at the center of a territorial dispute between the two countries, who are both trade partners and strategic rivals. Tension between Shi'ite and Sunni Muslims in a Middle East shaken by two years of political turmoil has sharpened the 42-year-old dispute, complicating an ambivalent relationship in which national pride has vied uneasily with economic pragmatism. About 40 percent of the world's seaborne oil exports flow through Hormuz. Iran threatened last year to block the Strait as tensions rose with the West over Tehran's disputed nuclear program. "The Foreign Ministry strongly condemns and categorically rejects a visit by an Iranian parliament delegation to the islands," the UAE state news agency WAM said. "This visit flagrantly infringes on the sovereignty of the UAE and undermines all exerted efforts towards finding a peaceful resolution for this issue," it said. The islands, Abu Musa and Greater and Lesser Tunb, are claimed by both countries but have been held by Iran since 1971, shortly before the seven Gulf emirates gained full independence from Britain and formed the UAE, now allied with Washington. There was no immediate official comment from Iran. But a report on an Iranian website calling itself the Young Journalists Club said that a delegation of Iranian parliamentarians made a one-day visit to the three islands of Abu Musa, Greater Tunb and Sirri on April 25. Sirri is not claimed by the UAE. Iran says its sovereignty over the Gulf islands it holds is not negotiable but has called for talks with the UAE to clear up "misunderstandings". A senior UAE foreign ministry official met Iran's UAE ambassador to discussed "important issues of mutual concern", WAM said. (Reporting by Mahmoud Habboush and Yeganeh Torbati, Editing by William Maclean and Mark Heinrich)