Statoil, Petoro and Exxon to tie-back Svalin to Grane Svalin is made of two fields, Svalin M which was discovered in 2008 and Svalin C which was discovered in 1992. Svalin is located in Block 25/11 in the North Sea, between the Grane and Balder fields, about six kilometers south-west of the Grane platform at […]
ReadElectrical and Instrumentation experts to meet in Abu Dhabi on November 12th &13th 2012 PCIC stands for the Petroleum and Chemical Industry Committee. PCIC Middle East is the regional representation of PCIC Europe to organize the premier Conference for the exchange of experience in electricity and instrumentation in the oil and gas, chemical and pharmaceutical industries, covering all the aspects of the upstream and downstream activities. The PCIC Middle […]
ReadDefinition Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost depletion and percentage depletion. Comments […]
ReadWorleyParsons completed FEED for PDO Zauliyah Petroleum Development Oman (PDO) is working on a new gas plant project at Zauliyah in central Oman adjacent to PDO’s existing Zauliyah Oil Production Station. The greenfield project will process non-associated gas, water and condensates from the Hasirah and Hawqa fields in the Bahja-Rima area of PDO’s concession to boost […]
ReadSitra Refinery expansion preliminary studies completed After multiple scenarios for revamping and expansion, the Minister of Energy in Bahrain, Dr. Abdul Hussain bin Ali Mirza, has announced the completion of the preliminary studies to modernize the Sitra refinery. The plan of the Bahrain Petroleum Company (Bapco) aims to increase energy efficiency and increase production of high value […]
ReadDefinition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one […]
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