New base special 08 april 2014

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 1
NewBase 04 April 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Kuwait to invite bids for new refinery
Gulfnews.com
Kuwait City: Opec member Kuwait will invite bids for a new multi-billion-dollar oil refinery next month as
part of a drive to modernise the key sector, a top executive said on Monday. “We will invite bids for the
new refinery project in May,” CEO of national conglomerate Kuwait Petroleum Corp. (KPC) Nezar Al
Adasani said. “Another project costing $1 billion (Dh3.67 billion) for the development of heavy oil from
northern oilfields will be awarded later in April,” Al Adasani told reporters on the sidelines of the second
Gulf Petroleum Forum. The cost of the new
615,000 barrels per day Al Zour refinery is
estimated to be around $15 billion.
Contracts for another $12-billion project to
upgrade two of the three existing refineries,
awarded in February, will be signed next week
with three consortia led by British, US and
Japanese companies. Kuwait has been
working to modernise its oil sector which
provides around 94 per cent of public
revenues.
Former CEO of KPC Faruq Al Zanki said in
November 2012 the emirate had earmarked
$100 billion to spend on oil projects. Adasani
said the new projects are needed to achieve
Kuwait’s strategic target of raising its crude
oil production to 4 million barrels per day
(bpd) by 2020.
He said Kuwait’s current production capacity
is 3.3 million bpd and is planned to hit 3.5
million bpd by 2015 and 4.0 million bpd by
2020 and stay unchanged until 2030. When
the two refinery projects are completed by
around 2018, Kuwait’s refining capacity will
increase to 1.4 million bpd from 930,000 bpd
currently.
Mega oil projects have been repeatedly
delayed because of political disputes between parliament and the government. Kuwait says it sits on 10 per
cent of the world’s proven crude reserves and is pumping 3 million bpd. It has a native population of 1.25
million and 2.75 million foreign residents.

Iraq: Shell lifts first crude oil from the Majnoon oilfield
Source: Shell
Shell announced Monday that the Majnoon oilfield it operates in partnership with South Oil Company
(SOC), Petronas and Missan Oil in Southern Iraq has successfully exported its first shipment of crude oil to
Shell trading, a significant milestone for the oilfield.
The achievement comes as production at the Majnoon oilfield has reached a current average of 210,000
barrels of oil per day, well in excess of the 175,000 barrels per day (bpd) First Commercial Production
target which initiates the commencement of cost recovery and was achieved after extensive rehabilitation
works at the oilfield.
'This is a historic event for Iraq’s energy industry. The lifting of Shell’s first oil shipment from Majnoon has
great significance to us and our partners in the Government as it is a testimony to our shared progress and
signals the start of Majoon’s long-term journey toward generating further revenue for Iraq’s economy, and
as an investment in Iraq’s future' said Hans Nijkamp, Vice President and Chairman of Shell in Iraq. Mr.
Nijkamp added that progress on the Majnoon field would not have been possible without the support of the
South Oil Company and our partners Petronas and Missan Oil Company.
Shell and its partners successfully recommenced production from Majnoon in September 2013 following the
completion of major overhaul works, including 28 sq kms of mine clearance, extensive refurbishment of
brownfield facilities to meet safety standards, and the construction of a new greenfield central processing
facility – the largest to be built in Iraq in the last decade – to allow for increased production capacity. To
date, 18 new wells have been drilled, while the project has created more than 2,850 jobs for Iraqi’s from the
neighbouring communities.

Iraq: Petroceltic provides update on Kurdistan drilling operations
Source: Petroceltic International
Petroceltic International, the independent oil and gas exploration company focussed on the Middle East,
North Africa, Mediterranean and Black Sea regions, has provided an update on its operations in the
Kurdistan Region of Iraq.
On the Shakrok licence (Petroceltic 16%, Hess (Operator) 64% and Kurdistan Regional Government 20%),
the Shakrok-1 well reached its total depth of 3,538m on 30th March 2014, in the Triassic Geli Khana
formation. Wireline logs and fluid sampling via Modular Depth Testing (MDT) tool have established the
presence of a 27m gas-condensate column in the Triassic formation. The co-venturers have decided not to
test this Triassic zone, and the interval will now be plugged and abandoned.
The forward plan for the well is to carry out a comprehensive testing programme over a number of
prospective oil zones in the Jurassic – the primary objective of the well. This program is expected to
continue until mid-May.
On the Dinarta licence (Petroceltic 16%, Hess (Operator) 64% and Kurdistan Regional Government 20%),
preparations for drilling continue. The Parker rig 247 is currently being mobilised to the Shireen-1 location,
and the well is expected to commence drilling in early May. The Shireen-1 well is forecast to take circa 150
days of drilling to reach its forecast total depth. The well is targeting oil in both the Jurassic and Triassic
formations, with mean unrisked Gross Prospective Oil Resources of 706 MMbbls*.
Brian O’Cathain, Chief Executive of Petroceltic, commented:
'This is our first exploration well in the Kurdistan
Region of Iraq. While the secondary Triassic
objective has found limited hydrocarbons, we
believe that the outcome of the testing program
on the primary Jurassic objective is independent
of the Triassic result. We will continue to update
shareholders on the outcome of the Shakrok well
testing and Dinarta operations as soon as material
results are available.' *706 MMbbls oil is the
mean unrisked Gross Prospective Oil Resources
for the Shireen Prospect in the DeGolyer &
MacNaughton Competent Persons Report of July
2012 for Petroceltic International.

FuelCell Energy Solutions to Highlight the Advantages of Ultra-Clean,
Efficient and Reliable Fuel Cell Power Generation at Hannover Mess
By Reuters
FuelCell Energy Solutions GmbH , which manufactures, sells, operates and services ultra-clean,
efficient and reliable fuel cell power plants, announced today that the Company will be exhibiting
alongside Energy Saxony and Fraunhofer IKTS at the H2FC Fair in Hannover, Germany on
Monday, April 7th
through Friday, April 11th
. Participation includes a collaborative group exhibit
focused on megawatt-class stationary fuel cell power plants as well as forum presentations by
company management.
Chip Bottone, President and Chief
Executive Officer FuelCell Energy, Inc.
and Managing Director, FuelCell Energy
Solutions GmbH will speak at the
"Megawatt-Class Fuel Cells in Industry:
Why Powering Your Business With
FuelCell Energy Solutions" public forum
on Tuesday, April 8th
. Additional
speakers on this topic include Klaus
Wolf, CEO of Friatec AG; Michael
Schäfer, Head of Production
Engineering at Friatec AG; and
Christoph Hiesgen, Senior Origination
Manager at E.ON Connecting Energies
GmbH.
At the technical forum presentation on
Wednesday, April 9th
, Torsten Hohe,
Director of Business Development for FuelCell Energy Solutions will address "Stationary MW-
Class Fuel Cells: Examples of Economic, Efficient and Low-maintenance Industrial CHCP,"
focusing on the combined heat and power capabilities of the FCES fuel cell power plants.
FCES offers both a 1.4 megawatt and 2.8 megawatt on-site power generation solution that is
scalable for multi-megawatt fuel cell parks. One megawatt of power is adequate for approximately
1,900 homes. Stationary fuel cell power plants provide continuous on-site power and electric grid
support in a highly efficient electrochemical process that is virtually absent of pollutants. Ultra-
clean, quiet, and requiring only modest space, fuel cell power plants are easy to site in populated
areas.
FCES, with its German manufacturing base, is the sales, manufacturing and service business for
the European Served Area for FuelCell Energy, Inc. FCES is a joint venture between Fraunhofer
IKTS and FuelCell Energy, Inc. (Nasdaq:FCEL).
About FuelCell Energy Solutions, GmbH
FuelCell Energy Solutions manufactures, sells, installs, and services stationary fuel cell power
plants that efficiently and economically generate electricity and usable high quality heat suitable
for making steam. Administrative offices are located in Dresden, Germany and manufacturing
operations are located in Ottobrun, Germany.

Continuous power generated at the point of use with the virtual absence of pollutants supports
energy security and power reliability as well as sustainability initiatives. Ultra-Clean baseload
distributed generation is attractive to electric utilities, universities, hospitals, government facilities,
industrial operations and other locations with significant power needs. For more information
please visit our website at www.fces.de
This news release contains forward-looking statements, including statements regarding FuelCell
Energy, Inc.'s plans and expectations regarding the continuing development, commercialization
and financing of its fuel cell technology and business plans. All forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially from those
projected.
Factors that could cause such a difference include, without limitation, general risks associated
with product development, manufacturing, changes in the regulatory environment, customer
strategies, potential volatility of energy prices, rapid technological change, competition, and
FuelCell Energy, Inc.'s ability to achieve its sales plans and cost reduction targets, as well as other
risks set forth in the FuelCell Energy, Inc. filings with the U.S. Securities and Exchange
Commission.
The forward-looking statements contained herein speak only as of the date of this press release.
FuelCell Energy, Inc. expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statement to reflect any change in FuelCell Energy, Inc.'s
expectations or any change in events, conditions or circumstances on which any such statement
is based.
How do Fuel Cells Work? (http://www.fces.de/technology/overview/?lang=en )
Fuel cells cleanly and efficiently convert chemical energy from hydrogen-rich fuels into electrical power
and usable high quality heat in an electrochemical process that is virtually absent of pollutants.
Similar to a battery, a fuel cell is comprised of many individual cells that are grouped together to form a fuel
cell stack. Each individual cell contains an anode, a cathode and an electrolyte layer. When a hydrogen-rich
fuel such as clean natural gas or renewable biogas enters the fuel cell stack, it reacts electrochemically with
oxygen (i.e. ambient air) to produce electric current, heat and water. While a typical battery has a fixed
supply of energy, fuel cells continuously generate electricity as long as fuel is supplied.
As illustrated in the diagram on this page, fuel is supplied to the fuel cell stack where methane (CH4) from
the fuel is internally reformed to create hydrogen (H2) and carbon dioxide (CO2). Spent fuel exits the anode
and is consumed to supply oxygen (O2) and CO2to the cathode. Heat and water vapor (H2O) exit the
cathode. The resulting electrochemical reactions in the fuel cell anode and cathode produce direct current
(DC) power, which is then converted to alternating current (AC) power by the electrical balance of plant.
The cathode exhaust supplies heat to warm the incoming fuel and externally to the customer for facility
heating and cooling or for making steam.
Because there is no combusting of fuel, virtually no harmful emissions are generated by the fuel cells. This
results in power production that is almost entirely absent of nitrogen oxide (NOx), sulfur dioxide (SOx) or
particulate matter (PM).

Japex Begins Japan's 1st Commercial Shale Oil Production
by Reuters
Japan Petroleum Exploration Co (Japex) said on Monday it has begun the country's first
commercial production of shale oil in Akita prefecture in northern Japan this month. Daily
production from shale layers deep below the Ayukawa oil and gas field was about 220 barrels of
crude (35 kilolitres), the company said in a statement.
The company also said it would begin drilling for shale oil in Fukumezawa oil field in Akita from
late May. Japan's total oil and gas production was about 77,000 barrels per day (bpd) of oil
equivalent in the year ended March 2013, including 25,400 bpd of oil and gas from Japex.
The country's oil and gas needs have spiked as its nuclear power stations have slowly been shut
down due to the Fukushima nuclear disaster three years ago, forcing Tokyo to spend billions of
dollars more on fuel for electricity generation.
Japan imports almost all of its energy needs, and has been trying to prove up domestic oil and
gas reserves or other energy sources for decades without much success.
Shale oil, also known as "tight oil" because it is sandwiched between hard layers of shale rock, is
one of the world's fastest-growing sources of oil and mass production has taken off in the United
States and Canada.
Japex has estimated that up to about 100 million barrels of shale oil - equivalent to about 8
percent of Japan's annual domestic oil demand - lie under Akita prefecture.

Nigeria enjoys high rates of growthOman Observer in Business By Ola Awoniyi -
Nigeria became Africa’s biggest economy, leap-frogging South Africa, after the government
announced a long-overdue rebasing of the country’s gross domestic product.The new calculations
take into account changes in production and consumption since the last time the exercise was
carried out in 1990, including an added focus on
communications and the movie industry.
The data indicated that the economy grew to $453 billion in
2012, instead of $264 billion as measured by the World Bank
for that year. South Africa’s economy was at $384 billion in
2012, according to the World Bank. Estimates for 2013
indicated further expansion to $510 billion, Nigeria’s chief
statistician, Yemi Kale, told a news conference in the capital,
Abuja.
“Nigeria has moved to be the largest economy by GDP size in Africa and has moved to be the
26th largest economy in the world,” finance minister Ngozi Okonjo-Iweala said.“On a per capita
basis, Nigeria is number 121 in the world. So, we have a total GDP size where we have moved up
to 26th,” the former World Bank managing director added.
The widely expected results are based on calculations taking into account a range of new sectors
and industries that were negligible or non-existent in 1990. They include the mobile telephones
market — Africa’s largest — music and the hugely popular local film industry, Nollywood.
Nollywood, for example, was now worth 853.9 billion naira ($5.1 billion, 3.7 billion euros) or 1.2
per cent of GDP.
“The rebased GDP numbers imply that the level of economic activity is much higher than
previously reported,” the finance ministry said in a statement, adding that the economy was
becoming more driven by the
service sector. “It indicates a
clearer picture of Nigeria’s
economic landscape, and the
significant opportunity for growth
and wealth creation in the Nigerian
economy.”
With 170 million people, Nigeria is
about three times the size of South
Africa and has enjoyed high rates
of growth, notwithstanding
widespread corruption, poor
governance, rampant oil theft and
a raging Islamist insurgency in the
north. According to the
International Monetary Fund,
Nigeria averaged 6.8 per cent
annual growth from 2005 to 2013 and was projected to grow this year at a rate of 7.4 per cent.

Indian Farmers and Coop fédérée start Quebec Fertilizer design
http://www.2b1stconsulting.com/indian-farmers-and-coop-federee-start-quebec-fertilizer-design/
The Indian Farmers Fertilizers Cooperative (IFFCO) and the local Coop fédérée are moving into the design
phase for a world-scale nitrogen fertilizer plant to be located in the Becancour Waterfront Industrial Park of
the Quebec Province in Canada.
Established in 1967, IFFCO is registered in India as a multi-states co-operative society representing 40,000
co-operatives of farmers in India.
Originally IFFCO main purpose was to distribute fertilizers to the Indian farmers all across the country.
In 1975, IFFCO became a producer of ammonia and urea in building and operating facilities order to secure
the critical supply of nitrogen fertilizers to the Indian farmers. As India is one of the largest importer of
fertilizers in the world, IFFCO is exploring all opportunities to produce and supply ammonia and urea in the
most competitive conditions for its farmers.
In this purpose North America offers great advantages with low gas prices coming either from the shale gas
in USA, either from the bitumen associated gas in Canada as a feeder for the nitrogen fertilizers production.
On its side, the Coop fédérée represents more than 100 co-operatives of farmers in Quebec, and also in the
Provinces of Alberta, Manitoba, New Brunswick, Ontario and Saskatchewan.
Together the Indian Farmers Fertilizers Cooperative and the Canadian Coop fédérée are planning to invest
$1.2 billion capital expenditure in the Becancour Fertilizer Project with supporting financing from the
Quebec Province.
IFFCO Becancour Fertilizer project at FEED stage

Since 2012, the Indian Farmers Fertilizers Cooperative and Coop fédérée are working on the
Becancour Fertilizer Project and secured in that purpose a corresponding site in the Industrial Park and Port
of Becancour in Quebec.
IFFCO and Coop fédérée selected Becancour Industrial Park because of its position in the vicinity of natural
gas pipeline systems for the supply, railway network and port for the export of the nitrogen fertilizers.
The Quebec utility company Gaz Métro is reported to provide the gas as feedstock to IFFCO and Coop
fédérée Becancour Fertilizer Project.
In this configuration, IFFCO and Coop fédérée are planning to produce in Becancour:
- 2,200 tonnes per year (t/y) of ammonia
- 3,850 t/y of urea
From this production 50% will be distributed in North America and the other 50% will be exported to India.
IFFCO and Coop fédérée selected the licences from:
- KBR from the USA for the ammonia production
- Stamicarbon BV from The Netherlands for the urea production
Both companies KBR and Stamicarbon benefit from decades of track records in ammonia and urea projects
respectively.
After selecting KBR and Stamicarbon to provide the front end engineering and design (FEED) work for the
ammonia and urea production units, Indian Farmers Fertilizers Cooperative and Coop fédérée are adjusting
the Becancour Fertilizer Project costs estimates in order to make the final investment decision (FID) and
move into the engineering, procurement and construction (EPC) phase.

Fracking with CO2 to replace water a distant goal - GE says
Source: Reuters via Yahoo! Finance
Carbon dioxide, used for years to force crude oil out of old wells, likely will not replace water in fracking
anytime soon because of technical challenges and limited infrastructure, says General Electric Co , which is
studying the issue under a $10 billion research program. The delay means energy companies will continue
to use more than 2 million gallons of water for each fracked well, equal to baths for some 40,000 people,
stressing water supplies in arid American states and likely delaying fracking's expansion to western China
and other water-stressed regions.
GE, which is making a push into oilfield technology, is studying how a chilled form of CO2 known as a
'super-critical fluid' - neither a liquid nor a solid - could be used as the new industry standard for hydraulic
fracturing, the process commonly known as fracking. The conglomerate is working on the project with
Statoil, the Norwegian oil and gas producer, as part of its ecomagination program, which also is focusing on
gas turbine efficiency, wind blade design and other energy projects.
'Our ultimate vision is to have a fracking process that uses no water, but we're a ways off from that,' Andrew
Gorton, a GE mechanical engineer leading the project, said during a tour of the company's research facilities
in upstate New York.
The hydraulic fracturing of rock, or fracking, has allowed the global energy industry to access vast new
supplies of oil and gas. Fracking opponents see a range of potential environmental damage from the process
but are cautiously optimistic that using CO2 instead of water could reduce those risks. CO2 fracking was
used on a small scale in the 1990s by the company Canadian FracMaster before it filed for bankruptcy
protection. Engineers say they want to figure out how to widely replicate the process across many different
geologies.
Researchers are also trying to find the best viscosity, or thickness, for the CO2 at its chilled state to carry
proppant, a type of sand that holds open cracks in rock so oil and natural gas can escape, much like water
does in current methods. 'The hope is we can find a way to do it,' said Mark Little, GE's chief technology
officer.
Studies have shown wells fracked with CO2 tend to produce more oil or natural gas from the outset because
CO2 fracks tend to occur at a higher pressure than ones that use water. Safely and cheaply transporting
CO2, a compressible gas, on trucks to remote wells is also a concern where pipelines lag.
GE is separately studying with the U.S. Department of Energy how coal-fired power plants could best
capture CO2 emissions and use the gas in fracking and other uses. GE and Statoil currently get CO2 from
industrial gas suppliers such as Linde and Air Liquide. Collecting CO2 as a power generation byproduct and
using it to frack would reduce greenhouse gas emissions. But fracking would turn CO2 from a chilled fluid
into a gas, and GE says it needs to devise a way to trap that gas back at the wellhead.
Ideally, a well's owner would be able to re-use CO2 at the next well it fracks, since nearly all CO2 injected
would return to the surface. By contrast, energy companies cannot re-use most of the water today used to
frack, though some recycling projects are trying to address that.
For years CO2 has been injected into old, conventional wells in places like California to boost pressure and
increase the amount of oil that can be pumped out. This process is much less complex than using CO2 for
fracking, as it doesn't require the CO2 to carry sand or other chemicals.

Interra Spuds YNG 3268 Well in Yenangyaung Oil Field in Myanmar
by Interra Resources Ltd. Press Release
Interra Resources Limited reported Monday that its jointly controlled entity, Goldpetrol Joint
Operating Company Inc. (Goldpetrol), has commenced drilling development well YNG 3268 in the
Yenangyaung oil field in Myanmar. Interra
has a 60 percent interest in the Improved
Petroleum Recovery Contract of the
Yenangyaung field and also owns 60
percent of Goldpetrol which is the operator
of the field. YNG 3268 is being drilled using
Goldpetrol’s ZJ 450 rig, thus drilling costs
are expected to be relatively low. Interra’s
share of the cost of drilling is funded from
existing funds on hand.
YNG 3268 is drilled in south-central
Yenangyaung field as an up-dip offset to
producing oil wells, 4 of which have been
completed over the last 8 months and a
fifth is currently undergoing testing. The
nearest of these had an initial production of
176 barrels of oil per day. YNG 3268 will
be drilled to a targeted depth of 4,000 feet
with the primary objective of accelerating
production from the oil reservoirs that
produce from wells in this fault block.
Interra estimates that the results of the
drilling and completion should be available
in approximately 6 weeks. The Company
will announce the results as soon as they
may be ascertained as well as updates
reflecting critical or unexpected events
during drilling.
Separately, Interra appointed Han Liqiang,
41, as regional operations manager with
responsibility for the company's petroleum
exploration and production operations. Li
worked for as BGP Inc., a geophysical
company, since 2003. Prior to joining
Interra, he was deputy general manager of
BGP MultiClient in China from September
2013 to January 2014, general manager of
BGP Southeast Asia (January 2009-August
2013) and deputy country manager of BGP
Saudi Arabia (October 2003-December
2008).

Statoil Starts Up Gudrun Fieldby Rigzone Staff
ASA and its partners announced Monday the start-up of the Gudrun oil and gas field in the
Norwegian North Sea. Owned by Statoil (51 percent), GDF Suez (25 percent) and OMV (24
percent), the field began production at 7:25 a.m. Norwegian time.
Discovered in 1975, Gudrun is a high-temperature, high-pressure field that remained undeveloped
for decades because new drilling technology was required to exploit it. Statoil expects to recover
184 million barrels of oil and gas from the field during its lifetime.
Oil and gas from Gudrun is being sent to the Sleipner platform, where it is processed before the oil
is sent on to Kårstø and the gas to Europe (all through existing pipelines tied in to Sleipner). Arne
Sigve Nylund, Statoil's executive vice president for development and production in Norway,
commented in a company statement:
"Gudrun is the first new Statoil-operated platform to come on stream on the Norwegian continental
shelf since 2005. This is a red-letter day for the company. "Gudrun illustrates how we can
maximize value creation and realize new projects on the Norwegian shelf by combining new field
developments with existing pipelines and facilities."

Brent climbs above $106 on Ukraine tension; Libya supply caps gains
Reuters
Brent crude climbed above $106 a barrel on Tuesday supported by increased tensions between
Russia and the West over Ukraine, while gains were capped by news that Libya prepared to load
crude onto tankers from newly reopened ports.
Oil prices were supported by renewed tensions in Ukraine, which raised concerns about the
possibility of a deeper diplomatic rift between Russia, the world's biggest oil producer, and the
West.
Read MoreWarren Buffett's latest value bet on energy
Brent crude for May delivery was up 27 cents to $106.09 a barrel at 0351 GMT after settling
down 90 cents. U.S. crude for May gained 49 cents to $100.93 a barrel after it settled 70 cents
lower. The rise in oil prices also came amid a broad retreat in global equity markets and a
weakening of the dollar.
"One of the reasons we are seeing support for Brent is that investors are returning to the basics
and the very clear underlying upward trend we have in global growth. Here, energy is one of the
prime candidates," said Michael McCarthy, chief strategist at CMC Markets in Sydney.
Gains were checked by the prospect of additional Libyan supplies after rebels agreed to gradually
end their eight-month blockade of key oil ports accounting for around 700,000 barrels per day
(bpd) that had curbed exports from the OPEC member.
At Libya's 70,000 bpd Zueitina oil port located 100 km west of Benghazi, maintenance personnel,
some of them foreign workers, in red jump suits and helmets were on Monday busy preparing to
load crude into tankers.

Petronas' Floating LNG Facility to be Complete by End 2015
Source Press release Petronas
Petronas floating liquefied natural gas (PFLNG 1) facility is expected to be complete by fourth
quarter of 2015, according to a company statement released Monday.
On April 5, the company launched the hull of PFLNG 1 facility at the Daewoo Shipbuilding &
Marine Engineering (DSME) shipyard in Okpo, South Korea.
The PFLNG1 vessel, also known as PFLNG SATU, will be moored in Malaysia’s Kanowit gas
field, 180 kilometres offshore Sarawak and will produce 1.2 million tonnes of LNG per year.
“It will play a significant role in Petronas’ efforts to unlock the gas reserves in Malaysia's remote
and stranded fields currently deemed uneconomical to develop and evacuate and will help meet
the growing demand for gas,” the company said.
According to Petronas, PFLNG 1 is also expected to change the landscape of the LNG business
where the liquefaction, production, storage and offloading processes of LNG, previously only
possible at onshore plants, will now be able to be carried out hundreds of kilometres away from
land and closer to the offshore gas fields.
About PETRONAS’ first floating LNG facility will be among the world’s leading FLNG
vessels, scheduled
for deployment in
2015. With a 1.2
million tonnes per
annum capacity, it is
expected to operate
at Kanowit gas field,
180km offshore
Bintulu. Converting
gas into LNG, its
production is
destined for
Peninsular Malaysia
and other
designated areas at
prevailing market
prices. This ground
breaking facility
which possesses a
design life of 20 years will enable PETRONAS to monetise its upstream stranded gas
assets and eliminates substantial costs required in the provisioning of fixed
infrastructure such as subsea pipelines to shore. Furthermore, it allows the Company
to leverage on its FLNG experience to explore more opportunities in the LNG industry,
regionally and globally.

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Your partner in Energy Services
Khaled Malallah Al Awadi,
MSc. & BSc. Mechanical Engineering
(HON), USA
ASME member since 1995
Emarat member since 1990
Energy Services & Consultants
Mobile : +97150-4822502
khalid_malallah@emarat.ae
khdmohd@hotmail.com
Khaled Al Awadi is a UAEKhaled Al Awadi is a UAEKhaled Al Awadi is a UAEKhaled Al Awadi is a UAE National with a total of 24 yearsNational with a total of 24 yearsNational with a total of 24 yearsNational with a total of 24 years of experience in theof experience in theof experience in theof experience in the Oil & Gas sector. Currently working asOil & Gas sector. Currently working asOil & Gas sector. Currently working asOil & Gas sector. Currently working as
Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation forTechnical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation forTechnical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation forTechnical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for
the GCC area via Hawk Energy Serthe GCC area via Hawk Energy Serthe GCC area via Hawk Energy Serthe GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operationsvice as a UAE operations base , Most of the experience were spent as the Gas Operationsvice as a UAE operations base , Most of the experience were spent as the Gas Operationsvice as a UAE operations base , Most of the experience were spent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developedhas developedhas developedhas developed
great experiences in thegreat experiences in thegreat experiences in thegreat experiences in the designing & constructingdesigning & constructingdesigning & constructingdesigning & constructing of gas pipelines, gas metering & regulating stations and in the engineering of supplyof gas pipelines, gas metering & regulating stations and in the engineering of supplyof gas pipelines, gas metering & regulating stations and in the engineering of supplyof gas pipelines, gas metering & regulating stations and in the engineering of supply
routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many MOUs forOUs forOUs forOUs for
the localthe localthe localthe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andauthorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andauthorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andauthorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcastedEnergy program broadcastedEnergy program broadcastedEnergy program broadcasted
internationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satellite ChannelsChannelsChannelsChannels ....
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 04 April 2014 K. Al Awadi
SQ International
M.D Zaidi
www.sq-intl.com
Tel: +92 21 34822200
Mob: +92 300 3482660

New base special 08 april 2014

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to New base special 08 april 2014

Similar to New base special 08 april 2014 (20)

More from Khaled Al Awadi

More from Khaled Al Awadi (20)

Recently uploaded

Recently uploaded (20)

New base special 08 april 2014