The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku today during the meeting between the President of the Republic of Azerbaijan H.E. Ilham Aliyev and Bob Dudley, Group Chief Executive of BP, the Operator of Shah Deniz, who is on a working visit to Azerbaijan.
The Shah Deniz Stage 2 project will bring gas from the Caspian Sea to markets in Turkey and Europe, opening up the ‘Southern Gas Corridor’. Achieving this important milestone allows the consortium to maintain its target for first gas exports around the end of 2017.
The Shah Deniz 2 project is set to produce 16 billion cubic metres of gas per year. The entry into FEED represents the start of a key phase in the project during which engineering studies will be refined, further wells will be drilled, commercial agreements will be finalised and key construction contracts will commence.
During the FEED phase of the project, the Shah Deniz consortium will finalise its selection of export routes across Turkey and into Europe.
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ZUG, Switzerland--(BUSINESS WIRE)--Mar. 27, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by PT Pertamina (Persero) ("Pertamina"), the national oil company of the Republic of Indonesia, to provide project management consultancy services for the Residue Fluid Catalytic Cracker (RFCC) Project at the Cilacap Refinery, on the island of Java, Indonesia. Foster Wheeler will manage the engineering, procurement and construction contractor on behalf of Pertamina. The value of Foster Wheeler's contract was not disclosed and will be included in the company's first-quarter 2012 bookings.
Technip has been awarded a front-end engineering design (FEED) contract by PETRONAS for its proposed Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia.
Warrendale, Pennsylvania, USA, 2012-Mar-26: Guodian Northeast Environmental Protection Industry Group, Ltd. has selected Siemens Industry Automation Division to supply an IPS composting system using the new Mechanically Enhanced Biodrying (MEB) process for the Shenyang Wastewater Treatment Plant Sludge Treatment Project in Shenyang, China. It will be the largest IPS composting facility ever built, and one of the largest sludge treatment processes in the world using non-thermal processing. The IPS composting system is scheduled to be commissioned in the fall of 2012.