Upcoming & Ongoing Projects

OVERGAS - Eastern Bulgaria License Provadia

Source:  Writer:  Time Distribution:2012-8-3

 

Name of Client Overgas Inc. AD
Estimated Budget ($ US) 4,600,000,000
Facility Type Oil & Gas Field
Sector Oil
Gas
Status EPC
Location Eastern Bulgaria
Last Updated 02-08-2012

Project Status

As of March 2010, Aurelian awarded new prospective exploration license, Provadia, with JV company controlled by Gazprom that will carry Aurelian and JKX for no less than €4,003,860 of the minimum work programme

The Company's wholly owned Bulgarian subsidiary, Balkan Explorers (Bulgaria), together with Overgas Inc. AD, a Joint Venture company controlled by Gazprom, and JKX (Bulgaria), has signed an agreement with the Minister for Environment and Waters in Bulgaria for the award of the Provadia license, onshore in eastern Bulgaria.

As part of the arrangements, Overgas will pay no less than €4,003,860 of the minimum work programme, effectively providing a free carry to Aurelian and its partner JKX through this phase of the project. 

The award of the Provadia block is a great outcome for the Company. This is a 'zero cost option' on what could be very large structures in a block close to their existing areas of operation. They are delighted to be working with Overgas and look forward to the results of new seismic acquisition which will be taking place as part of the minimum work program during the next two years.

Gazprom-controlled Bulgarian gas company Overgas is commencing the second stage of conventional oil and gas exploration in the Provadia block onshore in eastern Bulgaria at the beginning of July.

Some of the activities involving specialized equipment will take place on the territory of settlements in the region of Targovishte, Shumen, Kaspichan, Veliki Preslav and Provadiya. The work schedule is now being coordinated with landowners and tenants. All mayoral administrations in the area have been notified about the launch of the exploration works.

Overgas assures that the oil and gas exploration activities it will carry out on the Provadia block have nothing to do with shale gas drilling. The company emphasizes that the methods it uses have been deployed in Bulgaria since the middle of the 20th century. Overgas notes that the measurements are only taken on the surface using hi-tech equipment and pose no risks to the environment and the local population.

Jun 2012 Overgas to start second stage of drilling at Provadia Block (Topco)

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Order List

1.Oil equipment, accessories

 

2.Steel pipe, valves, wellhead equipment etc 

 

3.heat exchangers, pressure vessels, towers, reactors, steel model, and bulk materials (valves, fittings etc)

 

4.Upstream exploration materials and equipment

 

5.Project supplies

 

6.Upstream construction and operation equipment, supplies, services

 

7.Petrochemical, chemical industry related products

 

8.Steel, equipment, piping materials etc

 

9.Oilfield equipment and materials

 

10.Oil equipment, pipes, and other refining equipment

 

11.Oil and gas projects supplies,equipment and products

 

12.Oil and gas refining and chemical supplies

 

13.Pressure vessels, structures (such as various brackets, rails, grille, aluminum structure etc), plumbing, electrical instruments, internal outfitting,rope for anchor

 

14.Petrochemical materials

 

15.Fittings, flanges, seals and other MRO materials, pipeline, construction equipment, I / E

 

16.Steel, pipe fittings, valves and other oil supplies

 

17.Pipe Lines, OCTGs, Drilling Chemicals, Valves, Pressure Vessels, Cables etc

 

18.Upstream construction and operation equipment,supplies, services

 

19.Steel, pipe fittings, valves, corrosion products, electrical power equipment etc

 

20.Equipment and materials

 

21.Steel, bulk material of electrical instrumentation , cables, polyvinyl fluoride, safety equipment, building decoration, water treatment systems, control panels, generators, lifting machines, cranes, hoses, hose fittings  

 

22.Equipment and materials

 

23.Oil and gas gathering and transportation, oil and gas processing, long-distance pipelines, offshore engineering, petroleum refining, petrochemical, oil and gas reservoirs and other large projects supplies

 

24.Petrochemical, textile and chemical fiber, coal chemical industry, environmental engineering, construction and other project materials

 

25.Petroleum Machinery,equipment and material

 

26.Pipes and valves and other products

 

27.Fittings, valves, refractory

 

28.Steel, pipe fittings, valves etc.

 

29.Oil and gas projects supplies,equipment and products

 

30.Oil equipment, accessories

 

31.Steel pipe, valves, wellhead equipment etc 

 
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