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)
May 23, 2017
Russian, Finnish children's ombudsmen sign memorandum on cooperation
Ulyukayev charged with bribery by public servant - final indictment (Part 2)
Protecting against massive disarming strike requires conceptually new air defense systems - Almaz-Antey general director
Dadin to receive prize for fighting for democratic values
Kyrgyz citizen, who was extradited from Turkey to Tajikistan for attempt to join ISIL, on wanted list for hooliganism in Russia
Interfax journalist received Russian Defense Ministry award
Russian Deputy FM Morgulov, his Uzbek counterpart discuss bilateral interaction in SCO
Moscow concerned by spike in tensions in Libya, urges all parties to refrain from use of force - Foreign Ministry
Alrosa to take part in Luaxe through Catoca, could buy 8% directly - Ivanov
Russian military-technical cooperation officials meet with Qatari, Chinese representatives at Minsk show
Main indexes of the Russia stock market for May 23
Ukrainian Agrarian Policy Minister Kutovy resigns
Ruble strengthens against dollar, euro as oil prices resume growth