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INDUSTRYNEWS
New developments in the Energy industry
Shah Deniz agreements with European gas purchasers concluded
T
he Shah Deniz consortium, in which BP is the operator, has concluded 25-year sales agreements for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas in Italy, Greece and Bulgaria. The Shah Deniz Stage 2 project is set to bring gas directly from Azerbaijan to Europe for the first time, opening up the Southern Gas Corridor. In total 16 BCMA of Shah Deniz Stage 2 gas will be delivered through more than 3500 kilometres of pipelines through Azerbaijan, Georgia, Turkey, Greece, Bulgaria, Albania and under the Adriatic Sea to Italy. Visit: ww.bp.com
Shell announces successful bid for giant field in deep water Brazil A
Peter Voser, CEO
consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, have won a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator, Agência Nacional do Petróleo (ANP), estimates Libra’s recoverable resources of between 8 to 12 billion barrels of oil. Shell holds 20% in the
GDF SUEZ invests in UK shale gas exploration
consortium, with Petrobras 40% as operator, Total 20%, CNPC 10% and CNOOC 10%. The consortium will work together in an integrated fashion to support Petrobras, the most experienced operator in the Brazilian pre-salt, and will incorporate each company’s deep water skills, people and technology for the success of the venture. Visit: www.shell.com
Jean-Marie Dauger
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DF SUEZ E&P UK has entered into an agreement with Dart Energy to acquire a 25% share in 13 UK onshore licences located in Cheshire and the East Midlands, overlying the Bowland Shale. Dart Energy will retain a 75% interest and operatorship of the licences. This acquisition represents GDF SUEZ’s first entry into licences with shale gas potential and onshore exploration activities in the UK. “We are very confident about the potential of shale gas in the UK, and its anticipated contributions to UK energy security. GDF SUEZ is pleased to enter its first investment in UK shale gas as it complements the large presence of the group in the UK. We look forward to working with our partner, Dart Energy, to unlock the potential of these licences,” says Jean-Marie Dauger, executive vice-president GDF SUEZ, in charge of the Global Gas & LNG business line. Visit: www.gdfsuez.com
E.ON opens Kårehamn offshore wind farm in Sweden
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.ON has officially opened the Kårehamn offshore wind farm near the Swedish island of Öland in the Baltic Sea. The wind farm had already been connected to the grid a few weeks earlier after only 19 months of construction. Kårehamn has a capacity of 48
megawatts and costs 120 million euros to build. 16 Vestas V112 turbines, each with a capacity of three megawatts, will produce enough electricity to power some 28,000 homes. Kårehamn was built using the MPI Discovery, an ultra-modern installation vessel which E.ON had commissioned especially for its offshore wind farms and
has exclusively chartered for the next six years. It has six jack-up legs which lift the whole 140 metre long and 40 metre wide vessel out of the water to provide a stable platform from which foundations and wind turbines can be efficiently and safely installed even in rough seas. Visit: www.eon.com
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