CENTRICA - Continental Shelf Block 9/24d
|
Name of Client |
|
|
Estimated Budget ($ US) |
3,000,000,000 |
|
Facility Type |
|
|
Sector |
Oil |
|
Status |
EPC |
|
Location |
|
|
Last Updated |
20-09-2012 |
Project Status
Oil and gas firm Trapoil has entered into an agreement to farm out 80% of its working interest in its Kew asset (P.1864, Block 9/24d) on the UK Continental Shelf to Centrica North Sea Oil Limited (60%) and JX Nippon Exploration and Production (20%).
The farm-out agreement is subject to approval of the UK Department of Energy and Climate Change (DECC).
Under the deal, Centrica and JX Nippon will undertake preliminary seismic based work, following which they will, at their election, provide Trapoil with a full carry on an appraisal well designed to fully evaluate the Kew discovery.
If the appraisal well proves to be successful, the P.1864 Group will seek to complete and submit a field development plan to DECC.
Under the new farm-out agreement, Centrica will assume operatorship of Kew.
Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (UKCS) region of the North Sea announced that it has been informed by Centrica North Sea Oil that Centrica has elected not to drill an appraisal well on the Inverewe, formerly known as the Kew, prospect (License P.1864, Block 9/24d) in which Trapoil currently has a 20 per cent. working interest.
Trapoil is in discussions with its other partner in the prospect, JX Nippon Exploration and Production (U.K.), and understands that JX Nippon remains supportive of drilling an appraisal well, subject to the involvement of a new partner to replace Centrica as operator by January 2013, being the end of the Promote Period to the license. Trapoil has already commenced preliminary discussions with a number of potential farm-in partners and will make further announcements as appropriate.
Under the terms of the farm-in agreement, dated November 2011, Centrica will pay Trapoil a walk away fee of £1.5 million. As a result, Trapoil will have an 80 per cent. working interest in Inverewe. Trapoil remains of the view that Inverewe represents an exciting opportunity and is committed to finding a partner to work alongside it and JX Nippon to exploit the potential that exists within the license area.
Nov 2011 Trap Oil to farm-out interest in Kew asset
Sep 2012 Trap Oil seeking partner for Inverewe Prospect drilling (Topco)
Ministry Of Commerce Of China
aState Administration of Taxation
Supply Chain Council
API
Key Equip Office, China Machinery Industry Federation
China General Machinery Industry Association
China Petroleum & Petrochemical Equipment Industry Association
Jiangsu Association of Petrochemical Equipment
Research Ins. of Economics and Tech, Sinopec
Research Ins. of Economics and Tech, CNPC
CNPC
Sinopec
CNOOC
BP
Shell
Statoil
Chevron
Aramco
Roral
BARIVEN
ANADARKOA
Roc Oil
YPF
BASF
BASF-YPC
Dow
Bayer
Exxon Mobil
Changqing Oilfield
Schlumberger
Weatherford
HALLIBURTON
COSL
Saipem
Fluor
Amec
Petrofec
Kvaerner
Technip
HQC
CPECC
Cameron
BGP
Beijing Petroleum Machinery Factory
Baoji Oilfield Machinery
Honghua Group
Lilin Petroleum Machinery
Forenergy Inspection
SHK
China Sufa
WUZHOU VALVE
Fangzheng Valve
Neway Valve
Morimatsu
Suzhou Douson Pressure Control
China First Heavy Machinery Group
China Second Heavy Machinery Group
LTI Steel Wire Rope
Beijing HTN Pipeline Equipment
Jiangsu Jinshi Machinery
Shandong Kerui Group
Freet
CPTDC
TFI
Accenture
IBM
Siemens
CSCS
UPS
DHL
COSCO Logistics
SINOTRANS
Agility
Huayou Logistics
BDP
CEVA
IBM
Jinneng Law Firm
Wikborg Rein & Co. Law Firm
BV
Import & Export Bank of China
Chaoda Valve
China Petroleum Pipeline Bureau
Shanghai Lankelec
NOV Tuboscope
Henan Tianfon Energy-saving Panel Co.,ltd
VETZ Valve
Sinopec Oilfield Service Corporation
Dialog Group
AMEC China
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
