Proserv Controls secured a “significant contract,” the Aberdeen-based global controls technology company said, to manufacture and supply an order of wellhead control panels (WHCPs) for the Majnoon Oil Field in southern Iraq.
The value of the contract awarded to Proserv by the Basra Oil Co. (BOC) was not disclosed. The deal was arranged through Houston-based KBR Inc., which is the engineering, procurement and construction management lead on BOC’s plans to significantly ramp up production capabilities at the field, according to a release by Proserv on July 27.
“This contract award has been achieved through the excellent reliability and quality of our products and our fabrication processes,” commented Geert Kooi, Proserv’s vice president of operations, in the release.
“We have provided support on the Majnoon Field for eight years now,” Kooi continued, “delivering high levels of service expertise, and building both relationships and trust in the meantime.”
At present, Majnoon has a capacity of just over 200,000 bbl/d of production, but BOC’s strategy is to more than double this to above 400,000 bbl/d in the next two years.
Proserv’s contract comprises 22 WHCPs, each with the capability of controlling up to four wells. The WHCPs, according to the Proserv release, have been earmarked for use on 70 new wells, which are currently in the development phase.
In the release, Proserv said it will make use of its “well-developed footprint in the Arabian Gulf” to deliver the order, with the WHCPs being manufactured at the company’s dedicated site in Jebel Ali, Dubai. The WHCPs will be delivered in three lots, with the first due toward the end of the third quarter. The second lot is scheduled for the fourth quarter and the final tranche is set to arrive in March 2022.
“Across the entire company, we have enjoyed a very encouraging first half to 2021, with some major wins both subsea and topside,” added Davis Larssen, CEO of Proserv Controls, in the release. “We have not only achieved success in our traditionally strong markets, such as the Gulf of Mexico, but also in south-east Asia and right across the Middle East.”
Proserv’s deal with BOC at the Majnoon asset coincides with another significant gain for its topside controls business, with a sizeable order from Pakistan for its WHCPs, which will also be manufactured in the United Arab Emirates.
“This valuable contract from BOC in Iraq demonstrates the full scope of our abilities across the Middle East and North Africa region,” Larssen continued. “We have the bandwidth to deliver expert service support, as we have done previously on Majnoon, but also the know-how and infrastructure to manufacture high-quality topside controls equipment at scale.”
Recommended Reading
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
ProPetro Agrees to Provide Electric Fracking Services to Permian Operator
2024-12-19 - ProPetro Holding Corp. now has four electric fleets on contract.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
Reliance Exercises Four-Well Option on Transocean Rig
2024-12-18 - Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Petrobras Awards Seadrill Two Drillship Contracts Off Brazil
2024-12-18 - Seadrill said the West Jupiter and West Tellus contracts both have a three-year duration and will add nearly $1 billion to the company’s backlog.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.