February 25, 2011 14:27
Total signs $400 mln contract with Globalstroy for Kharyaga phase three
MOSCOW. Feb 25 (Interfax) - France's Total has signed a contract worth $400 million with Globalstroy Engineering for phase three of the Kharyaga production-sharing project, Total said in a statement.
This is the Kharyaga project's biggest contract so far.
Phase three involves bringing new reserves on stream, sustaining daily output of 30,000 barrels a day (1.4 million tonnes of oil per year) and achieving 95% associated gas utilization.
Globalstroy-Engineering will design, procure, supply, build and commission installations for the modernization of the central production facility and will build a technological complex to treat associated gas.
The Kharyaga field's associated gas has high sulfur content and it is thought phase three of the project will also involve building a plant capable of separating this from the gas and producing 5,000 tonnes of granulated sulfur per year. The cost of this plant has been estimated at $200 million.
The contract with Globalstroy enters into effect on March 1, 2011, and will take 26.5 months to complete.
The Kharyaga production-sharing agreement was signed back in 1995.
Total is the project operator with 40%, Russia's Zarubezhneft has 20%, StatoilHydro - 30% and OJSC Nenets Oil Company - 10%.
(Our editorial staff can be reached at email@example.com)
May 01, 2016
Two DPR servicemen killed, four injured in attacks - Basurin
Truce observed in Eastern Ghouta, Aleppo truce talks underway - Russian Defense Ministry (Part 2)
Truce observed in Eastern Ghouta, Aleppo truce talks underway - Russian Defense Ministry
ACTIVE NEGOTIATIONS UNDERWAY TO REACH TRUCE IN ALEPPO PROVINCE - RUSSIAN DEFENSE MINISTRY
Russian Investigative Committee: Three persons with origins in Central Asian republic detained in inquiry into murder in Samara region (Part 2)
Russian Investigative Committee: Three persons with origins in Central Asian republic detained in inquiry into murder in Samara region
THREE PERSONS WITH ORIGINS IN CENTRAL ASIAN REPUBLIC DETAINED IN INQUIRY INTO MASS MURDER IN SAMARA REGION - RUSSIAN INVESTIGATIVE COMMITTEE
Russian Investigative Committee: Perpetrators of murder of six people in Samara region detained (Part 2)
Russian Investigative Committee reports detention of suspected killers of six people in Samara region (Part 2)
Russian Investigative Committee reports detention of suspected killers of six people in Samara region
Police: Easter services in Moscow attended by approx. 660,000 people
Ukraine breaches 'Easter truce', shells LPR territory - LPR Defense Ministry
Russian Foreign Ministry confirms Lavrov's attendance at 'Normandy Four' ministerial meeting in Berlin on May 11