Weekly HEG Global Energy Digest

Oil:

BP awards key contracts for $6 billion worth Caspian Sea project

BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels of oil per day. The project is expected to achieve 1st production in 2023 and produce up to 300 million barrels over its lifetime.

 

The contract for the fabrication of the jacket for the ACE platform and skirt piles has been awarded to the consortium consisting of BOS Shelf and Star Gulf FZCO. The value of this contract is around $260 million.The construction works have already started and are expected to be completed in 2021.

 

The 2nd contract is for the fabrication and integration of the topsides unit for the ACE platform. This contract was awarded to Azfen in July 2019. The value of the contract is more than $486 million. The construction works under this contract have already started and are expected to be completed in 2022.

Article Source: https://www.energymarketprice.com/energy-news/bp-awards-key-contracts-for-6-billion-worth-caspian-sea-project

Wind:

Germany’s Notus to add 270 MW wind capacity in Ukraine

Germany-based Notus Energy Group intends to build 270 MW of wind parks in Ukraine that will kick off operations by 2021, it said last week.

The plan envisages the installation of three separate wind power plants on private land in the municipalities of Roksolany, Ovid and Libental, respectively, in proximity to Odessa. The German firm acquired the rights for the particular projects in April when all of them were in an advanced development stage.

 

Notus Group is responsible for the financing, technical planning and the construction of the wind parks and will also take care of their operation, once completed. A total of 54 turbines, each with a capacity of 5 MW, will be used for the plants.

 

Notus Energy has installed 1,340 MW of wind turbine capacity, of which it currently owns 170 MW. Its pipeline of projects, meanwhile, stands at 2,310 MW, including the three Ukrainian schemes.

Article Source: https://www.energymarketprice.com/energy-news/germany-s-notus-to-add-270-mw-wind-capacity-in-ukraine

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