BP, ExxonMobil, Shell, Total in concessions race

In 2013, the historical international oil companies (IOCs) BP from UK, ExxonMobil from USA, Statoil from Norway, Partex from Portugal and Total from France have been racing  to at least preserve and hopefully extend in 2014 their respective concessions rights in the onshore fields of Abu Dhabi shared in joint venture with the national Abu Dhabi National Oil Company (ADNOC) in the United Arabe Emirates (UAE).

Abu Dhabi is by far the oil and gas richest Emirate within the seven emirates community of the UAE.

With proven reserves of 98 billion barrels of crude oil and 214 trillion cubic feet (tcf) of natural gas, the UAE stand in the fifth position for the oil and forth position for the gas in the Middle East by proven reserves.

The quality of these reserves and the stability of the country, the second largest economy in the region, put its concession under the spot lights for all the oil and gas companies.

These 75 years onshore concessions will end up in January 2014, so that ADNOC is currently evaluating the bids submitted by the invited companies to take over the new concessions.

The new concessions will take affect on January 2015.

The bidders had the options to call for 5% or 10% share while ADNOC should retain at least 60%.

Most of the future developments will be related to mature fields or high sulfur content gas and unconventional oil and gas reserves. 

Therefore the expertise and technology will count on ADNOC decision, beyond the financial and political aspects.

So new companies such as Statoil or Wintershall should take their stake of the cake beside the re-elected majors among which, BP, ExxonMobil, Shell and Total should stand up again.

ADCO evaluate offers for NEB-3 Onshore EPC contract

The United Arab Emirates (UAE) Abu Dhabi Company for Onshore Operations (ADCO) is currently evaluating the offers for the third phase of the North East Bab (NEB-3) project onshore Abu Dhabi.

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 IPIC qualified bidders for Fujairah Refinery Phase-1

The Abu Dhabi-based International Petroleum Investment Company (IPIC) is preparing the call for tender for the engineering, procurement and construction (EPC) contractof the Fujairah Refinery Phase-1 in the United Arab Emirates (UAE).

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ADCO to invest $1 billion in Shahil, Qusahwira, Mender

Abu Dhabi Company for Onshore Oil Operations (ADCO) is activating the South East Full Field Development (FFD) project related to Asab Sahil, Qusahwira and Mender crude oil fields in the southeast of the United Arab Emirates (UAE).

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Dana reached agreement with Sharjah Emirate on Zora

The Sharjah-based private company Dana Gas (Dana) managed to reach an agreement with the authorities of the Sharjah and Ajman Emirates in the United Arab Emirates (UAE) regarding the offshore development of the Zora gas  field in the Sharjah Western Offshore concession.

In 2008, Dana was awarded by Sharjah Emirate a 25 years concession agreement to complete the exploration and develop a block of 1,000 square kilometers offshore the west coast of the Emirate.

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For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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Indorama takes seat in Tacaamol Al-Gharbia Complex

The Thai chemical company Indorama Ventures (Indorama) and the local Abu Dhabi National Chemicals Corporation (ChemaWEyaat) signed an agreement to establish the joint venture Abu Dhabi Chemicals Integration Company (Tacaamol) to design and build the first phase of the Madeenat ChemaWEyaat Al Gharbia (MCAG) project in the Western Region of Abu Dhabi, along the boarder of Saudi Arabia. 

For some years, the Emirates of Abu Dhabi is working to balance its upstream activities with the added value generated by the downstream sector in expanding its petrochemicals capacities.

In 2008, Abu Dhabi Emir established ChemaWEyaat as a joint venture between Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi Investment Council and the International Petroleum Investment Company (IPIC) in order to channelize the best resources from the upstream side toward the petrochemical sector.

At that time Abu Dhabi was targeting to invest up to $25 billion capital expenditure in the giant Madeenat ChemaWEyaat Al-Gharbia Master Planning project.

As Tacaamol means integration, Abu Dhabi has conceived the Madeenat ChemaWEyaat Al-Gharbia Master Planning project as an integrated petrochemical complex similar to Sadara in Saudi Arabia.

If integration favors the process optimization and related costs, it also adds complexity in the design and construction pushing forward the expected date of first production.

So ADNOC and IPIC decided to split the Madeenat ChemaWEyaat Al-Gharbia Master Planning project in three phases.

As a first phase, the Madeenat ChemaWEyaat Al-Gharbia (MCAG) project should require $10 billion capital expenditure.

This first phase MCAG will itself be also phased up in a manageable way and in respect with the different partnerships required by ChemaWEyaat to licence the best processes with international chemical companies.

In that respect the agreement signed between Indorama and ChemaWEyaat to create the joint venture Tacaamol is providing the first stone to the MCAG project.

Foster Wheeler won PMC for Tacaamol Aromatics

In this Tacaamol joint venture, ChemaWEyaat and Indorama will share the working interests such as:

 – ChemaWEyaat 51% is the operator

 – Indorama 49%

For this first phase of the MCAG project, ChemaWEyaat and Indorama intends to build through their Tacaamol joint venture an aromatics plant including:

 – 1.4 million tonnes per year (t/y of paraxylene (PX)

 –  500,000 t/y of benzene.

 – Petrochemicals tank farm

 – Export jetty

In 2012, ChemaWEyaat had selected Foster Wheeler to provide the project management consultancy (PMC) services for the MCAG project.

In September 2013, ChemaWEyaat had mandated CH2M Hill to carry out the front end engineering and design (FEED) work of the Madeenat ChemaWEyaat Al-Gharbia project.

With Indorama joint venture, ChemaWEyaat is partnering with a polyester global leader producing PET and PTA all over the world.

ChemaWEyaat and Indorama are planning to invest $1 billion capital expenditure in this Tacaamol Aromatics project as a first phase of the Madeenat ChemaWEyaat Al-Gharbia (MCAG) project to come on stream in 2020.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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