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 firstname.lastname@example.org)
January 31, 2015
Kuchma, Zurabov, Tagliavini arrive in Minsk for Trilateral Contact Group talks on Ukraine (Part 2)
Ukrainian information minister confirms deportation of Russian TV journalists
Self-proclaimed Donbas republics' heads to go to Minsk if ceasefire observed, final document drawn up - envoy (Part 2)
Self-proclaimed Donbas republics' heads to go to Minsk if ceasefire observed, final document drawn up - envoy
Russian humanitarian convoys reach Luhansk, Donetsk
Envoys of self-proclaimed Donbas republics return to Minsk to take part in talks
SELF-PROCLAIMED DONETSK REPUBLIC ENVOY PUSHILIN: WE ARE READY TO COME TO MINSK ANYTIME TO DRAW UP FINAL DOCUMENT
SELF-PROCLAIMED DONETSK, LUHANSK REPUBLICS' HEADS ZAKHARCHENKO, PLOTNYTSKY TO TAKE PART IN MINSK TALKS AFTER CEASEFIRE SIGNED, FINAL DOCUMENT CLEARED - PUSHILIN
POROSHENKO REPORTEDLY APPOINTS KUCHMA KYIV'S OFFICIAL REPRESENTATIVE AT NEGOTIATIONS IN MINSK - SELF-PROCLAIMED DONETSK REPUBLIC ENVOY PUSHILIN
Fifteen Ukrainian troops killed, 30 injured in Donbas over past 24 hours - defense minister
Russia won't reject basic European value even if pulls out of Council of Europe - Duma chairman
Duma chairman against death penalty regardless of Russia's Council of Europe membership
FIFTEEN UKRAINIAN SERVICEMEN KILLED, 30 INJURED IN DONBAS OVER PAST 24 HOURS - UKRAINIAN DEFENSE MINISTER