New base special 06 april 2014

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NewBase 06 April 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
ABB nets $175M Zirku Island Job (UAE)Press Release, April 03, 2014
ABB, the Swiss-based power and automation technology group, has been awarded a $175
million contract to upgrade the power generation capacity at Zirku oil and gas processing
facilities in the Gulf.
The order, which covers engineering, procurement and construction (EPC), was awarded by Zakum
Development Company (ZADCO), and booked by ABB in the fourth quarter of 2013. The project involves
the installation of additional power generation facilities to improve overall energy efficiency and operational
flexibility and reliability. ZADCO plans to increase the production rate of the Upper Zakum field from
550,000 to 750,000 barrels of oil per day. The Zakum field is estimated to be the second-largest field in the
Gulf and the fourth-largest in the world.

Zirku Island, located 135 kilometers north-west of Abu Dhabi, is considered the main industrial base for the
processing, storage and export of oil from the Upper Zakum, Umm Al-Dalkh and Satah fields. With its
advanced oil and gas installations, Zirku processes and exports ZADCO’s oil via cargo ships to the world
markets.
“ABB’s deep oil and gas industry knowledge and project execution capabilities were important factors in
winning this order,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “With over
50 years of experience and more than 300 EPC projects implemented, ABB is a player of excellence in the
oil and gas industry. New oil and gas frontiers require power and automation solutions and ABB has a
unique business scope in power, automation and power electronics.”
“This is a strategic project for ZADCO and we look forward to working with ABB to successfully deliver the
project safely and on schedule,” said Robert Talbot, SVP-Projects, ZADCO.
ABB is responsible for the engineering, procurement, construction, installation, pre-commissioning,
commissioning and testing of two gas turbine driven generators, step-up transformers, new high-voltage
switchgear, power management system and associated facilities. The scope of work includes the delivery of
a new substation to house Gas Insulated Switchgear (GIS). ABB will also provide waste heat recovery units
to utilise exhaust gas from the new gas turbines for process heating and subsequently reducing CO2
emissions. The project is currently in the design stage and is scheduled for completion and handover to
operations in June 2016.
Oil, gas & petrochemicals represent a significant share of ABB’s revenues. A combination of mature
markets; frontier markets (deep water, arctic, heavy oil); and non-conventional gas (shale, coal seam gas)
are driving investment to new levels. Higher oil prices are driving industrial productivity and energy
efficiency.

$316 billion price tag to meet Middle East energy demand
TheNational April Yee .
The Middle East must invest US$316 billion on utilities over the next five years to keep up with its
growing need for power, says a report by a regional development bank .
With demand expected to surge
8.3 per cent a year through 2019
– more than three times the global
average – the region will need to
install an extra 156 gigawatts of
capacity over the next five years
along with new transmission and
distribution infrastructure,
according to a report by the Arab
Petroleum Investments
Corporation (Apicorp), a
development bank owned by
regional oil producers.
“We have been concerned that
underinvestment in this vital
sector and the resulting shortfall in
electricity supply could impede economic growth and exacerbate social frustrations,” said Ali
Aissaoui, a senior consultant at Apicorp. “These concerns, however overstated they might seem
at first, have clearly been vindicated after the Arab uprisings.”
The warning comes as UAE government companies announce plans to expand the scale and
scope of utilities. Dubai Electricity and Water Authority expects to spend Dh20 billion on ambitious
projects, including a clean coal plant and a 1,000-megawatt solar park, and Abu Dhabi National
Energy plans to embark on its first stand-alone water desalination plants.
Summoning that capital for projects across the region will prove difficult because of perceptions of
an unfavourable investment climate and a dearth of financing after the financial crisis, said
Apicorp. Credit extended to the region’s power sector totalled $7.1bn last year, less than half of a
peak of $16.2bn in 2008.
Countries need to empower state utilities with bigger budgets – which the bank called “investors of
last resort” – and make themselves more attractive to private investment, said the report. Another
solution is an unusual approach taken by Oman, which requires some private investors to launch
initial public offerings on the Muscat bourse.
“It is a regrettable fact that, since the advent of power sectors reforms, public utilities have been
starved of funds in the belief that private investors will be forthcoming no matter how volatile and
uncertain the investment climate turns out to be,” said Mr Aissaoui. “The bottom line is that public
utilities will continue to be underfunded as long as they compete for scarce state budget
resources.”
Limited natural gas supplies could also hamper efforts to meet growing power demand,
particularly in Bahrain and Syria and to a lesser degree in Kuwait, Saudi Arabia and Libya, said
the report. Oman, Iran, Algeria and Qatar rated more favourably.

Qatar may leave group bidding for Oxy’s Mideast stake
TMESOFOMAN
Qatar's national oil company has dropped out of a group of state-backed investors seeking to buy
a stake in Occidental Petroleum's (Oxy) Middle East business, people with knowledge of the
matter said.
Still interested in a joint-bid for the stake are
Abu Dhabi's Mubadala Development and
Oman Oil, said the people, who asked not to
be identified because the matter is not public.
Qatar Petroleum is weighing buying some or
all of the stake on its own, and is seeking a
financial adviser to help it do so, the people
said. Occidental is considering breaking up
the assets and selling them to individual
countries, Chief Executive Officer Stephen
Chazen said last week. The split also creates
the possibility of a contest for the 40 per cent
stake, which is expected to fetch as much as
$8 billion, one of the people said.
"The notion that they were going to somehow
cooperate with each other in an oil investment
is difficult at best right now," Chazen said at
the Howard Weil Energy Conference in New
Orleans last week. "At their suggestions, we'll
probably make separate deals with the three
countries with somewhat different assets in
each one. In some ways, that's a lot simpler."
Calls to Qatar Petroleum, Mubadala and
Oman Oil weren't answered outside of office
hours yesterday. Melissa Schoeb, a spokeswoman for Occidental, declined to comment.
Occidental's Middle East asset sale is part of a breakup plan the Los Angeles-based company
announced last year to boost its share price. It also intends to spin off its California business and
use the proceeds to repurchase shares.
Selling the businesses will give Occidental cash to fund drilling, buy back shares, and extend
international contracts, analysts have said. Occidental's shares have gained about 12 per cent
since the company on April 25, 2013 said it would consider a breakup of US and international
assets, giving it a market value of about $76 billion.
Occidental had spoken openly since April about striking a deal to reduce its exposure in the
Middle East and North Africa, part of a broader plan to split up the fourth-largest oil company in
the United States. Wells Fargo analysts noted there was no information about what the company
plans to do with its California assets or whether the it intends to divest oil fields in Latin America.
Analysts briefed by the company have said Occidental's California unit, which analysts at Credit
Suisse value around $22 billion, may eventually be spun off to investors.
Oxy is the second-largest oil producer offshore
Qatar, where we participate in: Idd El Shargi
North Dome (ISND), located approximately 50
miles east of the Qatar peninsula; Idd El
Shargi South Dome (ISSD), about 15 miles
south of ISND; and Al Rayyan, located
northeast of the Qatar peninsula. For nearly
two decades, Oxy has worked in close
cooperation with Qatar Petroleum to develop
and operate offshore oilfields.
In Iraq, Oxy is in a consortium with the South Oil
Company of Iraq to develop the giant Zubair oilfield
near Basra in the south. In the United Arab
Emirates, Oxy is working with the Abu Dhabi
National Oil Company (ADNOC) on the Al Hosn Gas
Project to develop one of the largest natural gas
fields in the Middle East.

OXY in the Middle East Region
Oxy has been an active investor in the Middle East region for more than four decades. We are well
regarded in this key region for our strong performance record, technical expertise and effective working
relationships with strategic partners.
More than a third of Oxy’s worldwide oil and gas production comes from the Middle East region. Our net
developed and undeveloped oil and gas assets in the region total more than 15 million acres.
Oxy is the second-largest oil producer offshore Qatar, where we participate in: Idd El Shargi North Dome
(ISND), located approximately 50 miles east of the Qatar peninsula; Idd El Shargi South Dome (ISSD),
about 15 miles south of ISND; and Al Rayyan, located northeast of the Qatar peninsula. For nearly two
decades, Oxy has worked in close cooperation with Qatar Petroleum to develop and operate offshore
oilfields.
Oxy also participates in the Dolphin Gas Project, the premier transborder natural gas project in the Middle
East. One of the region’s largest energy initiatives, Dolphin supplies natural gas — produced from wells
offshore Qatar, processed at Ras Laffan and transported through a 230-mile subsea pipeline — to markets
in the United Arab Emirates and Oman.
In Oman, our operations are concentrated at the Mukhaizna Field in south-central Oman, and the Safah and
Wadi Latham fields and Block 62 in northern Oman. During its more than 30-year tenure in Oman, Oxy
has increased production, reserves and scope, and today is one of the country’s largest oil producers.
In Bahrain, Oxy is working with the National Oil and Gas Authority of Bahrain (NOGA) and Mubadala of
Abu Dhabi to redevelop the legacy Bahrain Field, site of the first oilfield discovery in an Arab Gulf state in
1932. Oxy participates in the management of the joint operating company, Tatweer Petroleum, with
Mubadala and NOGA.
In Iraq, Oxy is in a consortium with the South Oil Company of Iraq to develop the giant Zubair oilfield
near Basra in the south. In the United Arab Emirates, Oxy is working with the Abu Dhabi National Oil
Company (ADNOC) on the Al Hosn Gas Project to develop one of the largest natural gas fields in the
Middle East.
OXY MENA Production Statists

OXY Global Production Statists

Hayward in running to head Glencore Xstrata
http://www.upstreamonline.com/live/article1357595.ece
BP chief executive Tony Hayward could be named the permanent head of commodities group
Glencore Xstrata, according to reports. Hayward is currently the interim chairman and is in the
running to take the job permanently, the Wall Street Journal reported on Friday.
Also in the running is Frank Chapman, former head of oil and gas
producer BG Group. Roger Agnelli, the former chief executive of
Brazil's Vale, rounds out the reported shortlist. The Journal said it was
not clear who the front runner is, or how many candidates there are.
Hayward - who is currently the chief executive of explorer Genel
Energy, which is active in Africa and Iraqi Kurdistan - became interim chairman of Glencore in
May 2013. Glencore said at the time that Hayward had been appointed "with the intention that he
will step down once a new chairman takes up the role".
Hayward, who resigned as BP's chief executive in the wake of the 2010 Macondo oil spill, had
been a director of Glencore since early 2011 before the monster $76 billion merger with Xstrata. If
he got the job, it was not immediately clear what would become of the top spot at Genel.

Gulfsands Petroleum announces annual results 2013
Source: Gulfsands Petroleum
Gulfsands Petroleum, the oil and gas production, exploration and development company with activities in
Syria, Morocco, Tunisia, Colombia and the U.S.A. has announced its annual results for the twelve months
ended 31 December 2013.
Highlights
• Assumed operatorship in Morocco, Tunisia and Colombia
• Audited Group 2P working interest reserves of 75.8 mmboe and unrisked, best estimate working interest
prospective reserves increased to 526 mmboe as at 31 December 2013
• Conducted 2D and 3D seismic programmes and commenced drilling in Morocco
• Total bank and cash resources of $53 million at year-end inclusive of $33.8 million of cash and cash
equivalents and $19 million in restricted cash
• Significant reduction in general and administrative expenses
• Syrian assets remain shut-in and secure during continuation of sanctions
Outlook
• Drilling planned for Morocco
• Seismic programmes planned in Morocco for 2014 and Colombia and Tunisia in 2014/15
• Upgrade existing resource base to reserves status
• Continue to pursue new business opportunities in existing countries of operation
• Secure industry and strategic investor relationships to support development of business
Commenting on the Annual Results, Andrew West, Chairman of Gulfsands, said:
'The past year has been one of steady but considerable progress and consolidation. We have both diversified
and rationalised our portfolio with entry into two new countries and now have operatorship of all our
licences which represents an important milestone for Gulfsands given our proven status and reputation as a
quality Operator. We have moved swiftly to commence operations in Morocco and Colombia and have
successfully laid the foundations for future growth in both of these exciting regions. Importantly, we have
significantly reduced our overheads and will continue to focus on ensuring we operate as efficiently and
effectively as possible.
The year ahead will see increased operational activity across our portfolio with seismic activity in Morocco,
Colombia and Tunisia and a multi-well programme in Morocco which will be drilled with the benefit of the
newly acquired 3D seismic. The Board remains confident in the opportunities before us and in the
Company's ability to bring those opportunities to fruition.'

Exxon Mobil agrees to share more data on fracking risks
Source: Reuters
Exxon Mobil Corp, the world's largest publicly traded oil company, has agreed to disclose more
information about the environmental risks of hydraulic fracturing, the process known as fracking. In an
agreement with New York City's pension funds, which control Exxon shares worth roughly $1.02 billion,
the company would report on risks surrounding disposal of fracking waste water, air pollution, methane
emissions from oil and natural gas wells, and other issues. Exxon plans to compile the information and
publish it as a report on its website by September.
The New York City Comptroller's office, which controls the city's pension funds, agreed as part of the deal
to withdraw a shareholder proposal that would have put the disclosure issue up for a vote at the company's
next annual meeting. The comptroller's office said it essentially believes that without such information, it
cannot make adequate investment decisions and thus part of the pension funds' investment could be in
danger. 'Corporate transparency in this arena is truly necessary for assessing risk and ensuring that all
stakeholders have the information they need to make informed decisions,' Scott Stringer, the city's
comptroller, said in a statement. Last year a similar shareholder proposal received support from roughly 30
percent of shares cast at Exxon's annual meeting.
An agreement with the comptroller, rather than a confrontational shareholder vote, was the most
constructive way to address concerns about fracking with the public, said Exxon spokesman Alan Jeffers.
'We understand people have concerns. This activity (fracking) is somewhat new and not understood in some
parts of the country,' Jeffers said. 'People want more information and the more they know, the better.'
Exxon already discloses some information about its fracking practices through FracFocus, an online
registry listing specific chemicals used for fracking across the United States. The environmental group As
You Sow, along with several religious orders, had joined the comptroller's office in filing the initial
shareholder resolution. Last month Exxon agreed to report on how it views the risks that climate change
could post to the value of its assets.

Russia: Total gets rights to explore Russian shale oil
Source: Reuters
French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia,
according to a statement on the website of the Russian region's governor. Total will join other majors,
ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow's efforts
to at least maintain its oil output at more than 10 million barrels per day. A spokeswoman for Total in
Moscow declined immediate comment.
Total has long eyed Russian shale oil, the world's largest by estimated resources. The U.S. Energy
Information Administration puts the possible resources at 75 billion barrels, more than the 58 billion barrels
held by the United States, current leader in shale oil production.
Interfax news agency, citing a local subsoil watchdog, said that a subsidiary of Total had received the
licenses for the Vostochno-Kovensky, Tashinsky and Lyaminsky-3 blocks in Khanty-Manssiisk district,
Russia's main oil producing region. Total has also signed a memorandum to develop shale oil in Russia with
Russia's No.2 oil producer Lukoil.

Siemens’ technology for South Stream pipeline
Press Release, April 04, 2014
South Stream Transport contracted Siemens AG to provide electrical and instrumentation
systems for the South Stream Offshore Pipeline.
The German company will deliver telecommunication equipment and local control systems for the Russian
and Bulgarian landfall as well as the Central Control Room and the Backup Control Room.
The South Stream Offshore Pipeline will consist of four parallel pipelines through the Black Sea, each with
a length of 931 kilometres. During operations, more than 40 million cubic metres of gas can be transported
through each pipeline per day. All gas flows will be monitored around the clock from the Central Control
Room.
South Stream Transport signed a contract for the construction of the first offshore pipeline in March 2014.
Contracts for the supply of approximately 150,000 pipes for the first two lines are also in place. Operations
of the first pipeline are to start by the end of 2015. When all four pipelines are completed by the end of
2017, the Project can transport up to 63 billion cubic metres of natural gas to Europe per year.

New Report Examines Effects of Canadian and U.S. LNG Exports on
Global Contract Pricing
Pricing structures will be key in determining the future of LNG exports, says EY in a new report,
Competing for LNG demand: the pricing structure debate. The report describes the effect potential Canadian
and US LNG exports might have on global LNG contract pricing structures.
“It’s one of the most complicated issues for the LNG sector,” says Barry Munro, EY’s Canadian Oil and
Gas Leader. “High LNG development costs have generally required ironclad long-term off-take agreements.
And those have historically been oil price based.”
But the issue now, he explains, is that recent high oil prices have translated to high LNG prices for Asian
buyers — much higher than, on the surface, the current price of North American natural gas suggests should
be the case.
“We’re seeing expensive projects trying to sell to increasingly more price-sensitive buyers,” says Munro.
“High oil prices and low natural gas prices in North America have strained the traditional approach to
LNG pricing. Asian buyers are now looking to modify or possibly replace their long-standing and, in the
current environment, expensive pricing model of gas prices tied explicitly to oil prices.”
“When it comes to pricing, LNG developers will have to balance pressures to be competitive with the need
to generate sufficient returns,” he adds.
“Proposed increases in LNG supply have made the traditional oil-linked pricing structure more difficult to
justify,” says Munro. “We’re seeing industry players now explore alternative pricing structures to remain
competitive — often referenced to Henry Hub prices.”

While initially challenging to LNG project developers, the move toward Henry Hub pricing may increase
buyers’ and sellers’ choices, adds liquidity to markets, and allows buyers to hedge financially and
physically. It also gives suppliers the confidence to sanction projects before securing export contracts.
At the end of the day there will always be competitive pressures from new suppliers, and at the same time,
buyers will always look to obtain the lowest cost, least-risky supply, with the explicit understanding that
security-of-supply is of high strategic value but comes at a cost.
“Solving the pricing structure puzzle is just one of the many challenges Canadian LNG players must
manage to compete for capital,” says Munro. “When the price structure is right, both LNG buyers and
consumers will win. But remember — we’re not the only country looking to establish a LNG export industry.
Competition will be fierce.”
Even if Canadian and US natural gas prices remain, as expected, relatively low, LNG prices are unlikely to
collapse. For most LNG projects, the cost to supply is high and incentives to develop new capacity must be
maintained. LNG is a very expensive and capital intensive game, and prices however they are formed must
reflect this reality. New LNG projects — which buyers point to as ensuring LNG prices will decrease will
not proceed unless developers can make their economics work.

Morocco: Chariot Oil & Gas commencement of 3D seismic acquisition offshore Morocco
Source: Chariot Oil & Gas
AIM-listed Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has
announced that, in conjunction with its partner, ONHYM (25%), it has commenced a 1,700km2 3D
seismic survey across its areas of interest offshore Morocco.
As detailed on 18 March, the Company has contracted Dolphin Geophysical to carry out the 3D
seismic programme across all three of its Moroccan licence areas using the Sanco Swift vessel.
This will encompass ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in
Mohammedia. The aim of the survey is to enable the Company to mature drillable prospects in
the Mio-Pliocene and Jurassic plays identified within this region on reprocessed legacy 2D data.
The programme is anticipated to take six weeks to complete and fulfils all of the Company's work
commitments in each of its Moroccan licences during their current periods of exploration, including
that of the Mohammedia Reconnaissance Licence.

Kazakhstan: Wood Group GTS joint venture secures contract in Kashagan oil field
Source: Wood Group
KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and
KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian
Production Operating Company (NCPOC) in Kazakhstan.
The joint venture will support the critical rotating equipment on the Kashagan project to develop
the 5,600km² Kashagan oil field. The contract includes six GE Frame 6B, two GE Frame 5D, three
Siemens SGT-600 and four Rolls-Royce RB211 gas turbines plus all driven equipment, steam
turbines, standby diesels and compressors, fully utilising the diverse range of experience on these
engine types the joint venture is equipped to deal with.
The KTR-WG team was selected based on their combined capabilities and experience developed
through the provision of services to the gas turbine market. The contract is for an initial eight year
term with further extension options, and covers the supply of parts, repairs, planned maintenance
and supervisors in-country to manage the full scope of rotating equipment.
Frank Avery, President of Power Plant Services for Wood Group GTS said: 'Working with KTR we
will apply our proven experience in the gas turbine market to manage the scope of work for
NCPOC. By offering a localised service KTR-WG is able to provide capital parts, repair and 24/7
field service engineers. Our integrated approach to managed maintenance services will assist
NCPOC in ensuring high availability of their diverse portfolio of rotating equipment.'
Askhat Usserov, General Director for KazTurboRemont, said: 'Under the contract KTR-WG plans
to set up a gas turbine component repair facility in Kazakhstan, signaling our ongoing commitment
to train local supervisors.'
By NewBase About : The NCSPSA
area includes the giant Kashagan field, 80
kilometers South-East of Atyrau. The Kashagan
field is the biggest hydrocarbon discovery since
the 1960’s and the first large-scale offshore
petroleum development in Kazakhstan.
The project includes a unique combination of
technical and environmental challenges
including a deep, high-pressure reservoir with
high hydrogen sulphide content, limited
infrastructure/resources, wide temperature
variations from -40 to +40C and limited marine
access.
Kashagan will make an important contribution to the global energy supply, bringing prosperity and
international recognition to Kazakhstan as a key oil producing region in the world.
On 22 January 2009, a new operating company, North Caspian Operating Company B.V. (NCOC),
officially became Operator under the North Caspian Sea Production Sharing Agreement (NCSPSA).
The execution of operations is delegated by NCOC to four Agent companies: Agip KCO, Shell
Development Kashagan B.V. (SDK), ExxonMobil Kazakhstan Inc and NC Production Operations
Company B.V. (NCPOC). NCPOC will manage production operations of all phases.
Kashagan is World’s Most Expensive Energy Project: $136 Billion

US Net energy imports in 2013 lowest in more than 20 years
Principal contributor: Mary Joyce, eia
Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level
in more than two decades. Growth in the production of oil and natural gas displaced imports and supported
increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a
smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.
Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export
growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude
oil to decrease by 12%, accounting for much of the overall decline in imports.

These data reflect only the energy content of energy trade. For more information on the value of energy
trade, see a previous series of Today in Energy articles that examines energy trade in the context of overall
U.S. trade in goods and services.
Preliminary 2013 data for U.S. total energy consumption, production, and trade, now available in the
Monthly Energy Review, reflect the cumulative effect of changes in energy markets over the year. Other
highlights include:
• Total U.S. primary energy consumption increased 2.4% after declining in 2011 and 2012, with renewable
energy providing the largest percentage increase.
• Primary energy consumption increased in all end-use sectors. Residential sector consumption increased the
most, and transportation sector consumption increased the least.
In 2013, the value of U.S. energy net imports was 19% below its year-ago level, falling from $304
billion to $246 billion. A number of factors contributed to the decreased value of net energy
imports, including:
• A 16% decrease in the value of net crude oil imports, from $310 billion to $268 billion
• A 55% increase in the value of net exports of fuel oil and other refined petroleum products, from
$21 billion to $33 billion
• A 14% decrease in the value of net natural gas imports, from $10.3 billion to $8.8 billion
• A 16% decrease in the dollar value of net coal exports, from $3.9 billion to $3.2 billion
Net energy imports as a share of total U.S. energy consumption have decreased from 30% in
2006 to less than 20% in 2012. In the 2014 Annual Energy Outlook Reference case projections,
net energy imports as a share of total U.S. energy consumption fall to 6% by 2020 and to 3% by
2035. Increasing onshore oil and natural gas production, aided by horizontal drilling and hydraulic
fracturing technologies, will allow the United States to continue to reduce its net imports of crude
oil and to increase refined product exports (such as diesel fuel to Europe) and become a net
natural gas exporter later this decade.

Marine Contracting scores Jasmine FPSO contract (Thailand)
Offshore Energy Today Staff, April 03, 2014
Singapore’s Marine Contracting Pte Ltd has been awarded a contract to replace mooring and
flexible riser systems on the “FPF-003” FPSO, located at the Jasmine Field offshore Thailand.
The contract has been awarded by Petrofac, and, according to a press release issued by Marine Contracting,
the offshore part of the project will begin in June 2014.
As part of the contract, Marine Contracting Pte Ltd will provide Petrofac with project management,
engineering, various procurement, logistics and offshore operations, to replace portions of the FPSO’s six
mooring wires and the existing 8” flexible production riser.
Petrofac in January extended the lease for the FPSO which has been moored at the Mubadala Petroleum-
operated Jasmine field, offshore Thailand, since 2004. Oil is produced from a multi-platform complex to the
FPSO, where the crude oil is separated from water and gas and stored until it is lifted to a sales tanker.
Petrofac provides operations and maintenance services for the FPF3 through its Offshore Projects &
Operations business, on behalf of Mubadala Petroleum. In December 2013, Petrofac celebrated the
milestone of four years without a Lost Time Incident on the FPF3 vessel.

Cyprus: Poseidon subsea cable system goes live
Radius Oceanic Communications, Inc., and Cyta have announced testing and commissioning are
complete on the Poseidon submarine cable system, a fiber optic network built to serve the oil and
gas and scientific markets in the Eastern Mediterranean.
Radius and its regional telecom partner, Cyta have also completed work to establish dual landing facilities
in Cyprus, and to implement high-bandwidth end-to-end connectivity from Cyprus to the US.
The commissioning of Poseidon provides unprecedented opportunities to the developing oil and gas
industry in the region. For the first time, companies can create their development plans for deep water
production with the certainty that the benefits of fiber optic capacity are available and can be easily
extended to their platforms.
CSnet International, Inc., the initial tenant on Poseidon, and whose existing Offshore Communications
Backbone (OCB) provided an integral fiber segment for the Poseidon network, will begin migrating
scientific traffic to Poseidon in April. CSnet will use Poseidon to more efficiently offer oceanographic,
hydrographic and seismic data to all interested parties on a near real-time basis.
Κey Network Facts and Benefits:
The POSEIDON network extends for some 800 km from two shore landings in Cyprus, creating a fiber ring
that borders the Cypriot EEZ, and enveloping the offshore oil and gas lease blocks established for
development by the Republic of Cyprus.
The Poseidon network is designed as a trunk and branch system, enabling additional fiber extensions and
alternate landings as new areas for development are opened outside Cypriot waters and as customer
requirements are expanded.
Secure, high availability fiber services are easily extended to and between platforms, and can provide the
backbone for additional services necessary for surrounding operations.

The Radius operating model will offer high capacity managed broadband services, end-to-end global
capacity and 24×7 network monitoring and support.
“With the Poseidon system now live, a strategic goal is realized, that of providing secure, high bandwidth,
fiber optic capabilities throughout this highly critical oil and gas environment”, Jim Byous, President of
Radius Oceanic Communications, Inc., states. “The collaborative planning and implementation efforts of
the Radius, Cyta and CSnet International teams have achieved an industry first, bringing a widely
accessible submarine fiber network into operation in advance of full oil and gas production. Planning,
monitoring, and exploration functions will benefit greatly and we are excited about the benefits these
capabilities will bring to deepwater operators in the region.”
Cyta’s CEO, Aristos Riris, says of Poseidon, “We have been pleased to work with Radius to bring the
Poseidon network into service. This network, which will support the Eastern Mediterranean deep water
developments as they mature, meets Cyta’s objective of being a regional leader in the provision of strategic
services to the oil and gas communities.”
______________________________________________________________________________________

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
KhaledKhaledKhaledKhaled Al Awadi is a UAE National with a total of 24 yearsAl Awadi is a UAE National with a total of 24 yearsAl Awadi is a UAE National with a total of 24 yearsAl Awadi is a UAE National 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 viathe GCC area viathe GCC area viathe GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas OperationsHawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas OperationsHawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas OperationsHawk Energy Service 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 exgreat exgreat exgreat experiences in the designing & constructingperiences in the designing & constructingperiences in the designing & constructingperiences in the designing & 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 MOUOUOUOUs fors fors fors for
the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andthe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andthe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andthe local authorities. 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 06 April 2014 K. Al Awadi

New base special 06 april 2014

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