WORLD PROJECTS
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Energy projects and business intelligence in the energy sector
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The EIC delivers high-value market intelligence through its online energy project database, and via a global network of staff to provide qualified regional insight. Along with practical assistance and facilitation services, the EIC’s access to information keeps members one step ahead of the competition in a demanding global marketplace.
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USA - Venture Global Plaquemines LNG Export Terminal $13.2 billion
Venture Global has reached a final investment decision (FID) on the Plaquemines LNG export project and associated Gator Express pipeline after securing US$13.2 billion in financing for the terminal's initial phase (13.3 mtpa). An FID on Plaquemines' second phase is expected by the end of the year.
2 THAILAND - PTTEP Arthit Offshore Gas Field – Carbon Capture and Storage Project $600 million Feasibility studies have been completed to develop carbon capture and storage at the offshore field. The project is currently in the Pre-FEED phase and with CCS operation expected to commence by 2026.
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5 CANADA - Cenovus Energy Inc
BRAZIL - Petrobas Buzios Oil Field
BELGIUM - INEOS Antwerp Ethane Cracker Plant
(Phase 9 – P-80 FPSO)
(Project ONE Phase 2)
West White Rose Extension Project (WREP) Offshore Oil Field
$3.5 billion
$2.2 billion
$3.1 billion
Bids for the P-80 FPSO have been submitted with Keppel the lowest bidder. The ninth FPSO on the prolific Buzios field is expected to process 225,000 barrels of oil per day and 12MMcm/d of gas.
INEOS has awarded Tecnicas Reunidas a project management, engineering, procurement, and construction management contract covering the Antwerp Ethane Cracker project. For the development of the project, Tecnicas Reunidas will mobilise up to 450 people, along with 225 people to supervise construction at the Antwerp site and at the centre where the construction of the large scale modules (designed by Tecnicas Reunidas) will be carried out.
Cenvous Energy and partners have agreed to restart work on the project. The partners in the project have worked to significantly to firm up cost estimates, rework the project plan, and de-risk the project over the last 16 months. Given that the project is already about 65% complete, they are confident to restart the project in 2023. Operations are planned to start in the first half of 2026, reaching a peak output of 80,000 b/d by the end of 2029.
The vessel will be linked to eight production wells and seven wateralternating-gas (WAG) wells.
www.ogv.energy I July 2022
6 ROMANIA - OMV Petrom Neptun Block – Domino-1 Gas Field $1.3 billion OMW Petrom and Romgaz SA, which is taking over the ExxonMobil share of the development, are looking to make a final investment decision for the projectcas early as the end of 2022. This comes after the parliament approved the offshore law, allowing Black Sea gas projects to progress. First gas should be no later than 2026.
