澳大利亚Cue Energy Resources周三公布消息称:Cue Energy Resources已经获得SKK Migas批准,将印度尼西亚East Kalimantan省Kutai盆地的Mahakam Hilir产量分成合同(PSC)勘探期限延长四年,截止日期至2020年5月。
在这四年的延长期限中,前两年Cue将建设两口井 ,Cue可以选择开采也可以选择撤出该产量分成合同,并进行地质研究和预FEED(前端工程设计)研究;还包括后两年的开发计划。
Cue持有该项目100%的资产,并且是Mahakam Hilir产量分成合同的作业商。
Naga Selatan-2发现
2月3日,Cue对外公布消息称其成功钻得Naga Selatan-2 (NS-2) Exploration号井,并且采出油气。当钻更深的区域时,天然气也冒出地面。因此该井暂停作业,留待未来进行产量测试。
NS-2所得结果证明了Cue对该地区地质模型的正确性,并提供了关于更深地层中存在天然气的相关信息。相关人员正在分析此次探测活动的所得结果,Cue希望能够在今年后半年对该地区资源储量做出内部估计。石油圈原创www.oilsns.com
来自/Rig Zone 5月4日消息 编译/赵宁
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Australia's Cue Energy Resources Ltd. reported Wednesday that it has been notified by SKK Migas of the approval of its request for a four year extension to the exploration period of the Mahakam Hilir Production Sharing Contract (PSC) in Kutai Basin, East Kalimantan, Indonesia until May 2020.
The 4 year extension includes 2 contingent wells in the first 2 years, which Cue can elect to drill or withdraw from the PSC; and geological studies, pre-FEED (front end engineering and design) studies and a Plan of Development in the latter 2 years.
Cue has 100 percent equity and is operator of the Mahakam Hilir PSC.
Naga Selatan-2 Discovery
As announced on Feb. 3, Cue successfully drilled the Naga Selatan-2 (NS-2) Exploration well and recovered oil and gas to surface.
While drilling the deeper section, gas was also flared to surface. The well was suspended to allow for future production testing.
The results from NS-2 confirmed Cue’s geological model of the area and have provided new information regarding the existence of a potential deeper gas play. Results from the exploration activity are being analysed and Cue expects to be able to announce an internal estimate of volumes in the second half of the year.
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中国石化新闻网讯 据路透社基尔库克1月18日报道,一名伊拉克石油官员表示,伊拉克石油官员说,伊拉克计划于周四与英国石油公司BP.L签署一项协议,以提高北部基尔库克油田的产量。 他对路透表示,协议将在伊拉克国营北方石油公司(North Oil Company)的办事处签署。 蔡小全 编译自 路透社 原文如下: Iraq, BP to sign agreement to boost Kirkuk oil production Iraq plans to sign an agreement with BP BP.L on Thursday to boost production from the northern Kirkuk oilfields, an Iraqi oil official said. The agreement will be signed at the offices of Iraqi state-run North Oil Company which operates the fields, he told Reuters.
How Will The UK's Abandonment Of The EU Impact The O&G Industry? Peter Thompson writes, "Brexit – or, if you prefer the longhand version, Great Britain and Northern Ireland leaving the European Union – has turned something that many thought was unimaginably dull (European matters) into something pulsating and vital."[Oilpro]
OTC 2016: Drone Leader Announces Opening Of Houston Office To Serve US O&G. As OTC-2016 got underway Monday, Cyberhawk Innovations has announced the opening of a Houston office, marking its entrance into a burgeoning U.S. O&G market demand for drone technology. [Oilpro]
Oil Down Early Tuesday. Oil fell on Tuesday, as rising output from the Middle East and North Sea renewed concerns about a global supply overhang. Brent was down 25 cents at $45.58 per barrel at 7:23 a.m. ET (1123 GMT). U.S. crude futures were fell 39 cents to $44.39 a barrel. [CNBC]
Anadarko Hits Off Ivory Coast. Anadarko Petroleum reported that in Q1 the company drilled its first horizontal deepwater well offshore Ivory Coast at Paon-5A, the independent announced in its operations report released on 2 May. [oedigital.com, Oilpro]
Hercules Offshore Extends Forbearance Putting Newbuild Jackup In Jeopardy.Houston-based offshore drilling company Hercules Offshore has given itself some breathing space as it faces bankruptcy having defaulted on a $450m loan. [Splash 247, Oilpro]
2 More O&G Bankruptcies: Ultra & Midstates Petroleum. Two more oil and gas companies have filed for Chapter 11 bankruptcy protection: Midstates Petroleum and Ultra Petroleum. According to court documents filed over the weekend in Houston, both companies have a total debt of $5.8 billion. [Oilpro]
Oil Price Rally Isn't as Deep Rooted as It Looks at First Glance. At first glance, oil prices have rallied -- a lot. Look closer, however, and the market is still pricing the "lower-for-longer" mantra, much as it did at the beginning of the year. [Bloomberg]
Saudis To Sell A Portion Of ARAMCO. Tim Pollard writes, "The sale of such a small portion of Aramco assets or production represents such an insignificant amount of the company capitalization and net worth that any purchase would simply be a tiny hiccough in the royal family's holdings." [Oilpro]
Anadarko Beats 1Q Expectations. "During the first quarter, we maintained strong operating performance and continued to improve our cost structure and efficiencies,while taking significant steps to strengthen our financial position without diluting equity," said Al Walker, Anadarko CEO. [Anadarko]
Encana Continues Cost-Cutting In 1Q. CEO Doug Suttles said, "Our teams are drilling some of the fastest, highest performing and lowest cost wells in our core four assets and we continue to find greater efficiency in every part of the business. We are on track to deliver $550 million of year-over-year cost savings." [Encana]
Searcher Seismic在西澳大利亚Carnarvon Basin地区启动“Olympus 3D Reprocessing”项目。
6.俄罗斯年底前完成私有化
周一俄罗斯一位副部长表示:本国石油产业和海运公司私有化将在今年年底前完成。
7. Aker Solutions与Idemitsu签订前端工程设计合同
Aker Solutions与Idemitsu油气公司签订合同,将为越南海上Nam Con Son区域油气资源的开发提供前端工程设计服务。
8. Dril-Quip获4000万美元合同
Dril-Quip子公司Dril-Quip Asia Pacific Pte六月底获得Kangean Energy Indonesia公司一份价值4000万美元的合同。该合同向Kangean Energy Indonesia提供海底钻探和生产设备,以支持印尼海域Terang/Sirasun/Batur气田项目的开发。
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OPEC Sees Rising Demand In 2017. OPEC said in its monthly report that U.S. oil production has fallen to two-year lows, while Saudi Arabia's output rose last month to near record levels. This as oil prices have recovered more than 70% from the 12-year lows seen earlier this year. Next year, the group sees rising demand and the tightening of supply. [Oilpro]
Nigerians Begin Talks Over Strike. The strike by about 10,000 Petroleum and Natural Gas Senior Staff Association of Nigeria members, including refinery workers and office staff, began on Thursday over issues the union said were "critical to the survival of the oil and gas industry in the country". [Reuters]
Petrobras Production Soared In June. Brazil's Petrobras said it achieved record high O&G production in June after in recent months falling to two-year lows due to platform maintenance. [Oilpro]
Oil markets on edge after South China Sea ruling. Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea. [Reuters]
Searcher Starts Olympus 3D Reprocessing. Searcher Seismic has commenced processing the Olympus 3D Reprocessing Project in the Carnarvon Basin, Western Australia. [Oilpro]
Russia Eyes Privatization by Year End. Privatization of Russian oil production and maritime shipping companies could be completed before the end of the year, a deputy minister said Monday. [UPI]
Aker Solutions Wins Engineering Contract in Vietnam. Aker Solutions secured a contract from Idemitsu Oil and Gas Co. Ltd. to provide engineering services for the development of oil and gas resources in the Nam Con Son basin offshore Vietnam. [Oilpro]
Dril-Quip Awarded $40 Million Contract. Dril-Quip Asia Pacific Pte Ltd, in conjunction with its local representative, was awarded a contract in late June valued at approximately $40 million to supply subsea drilling and production equipment to Kangean Energy Indonesia Ltd. for the development of its Terang/Sirasun/Batur gas fields project located offshore Indonesia. [Oilpro]
Amec Scores Two North Sea Contract Wins. Amec Foster Wheeler says it has been awarded two long-term major services contracts as part of Repsol Sinopec Resources UK’s long-term transformation and long-term commitment to the North Sea.
BP's Mad Dog (12 Amazing Photos). We usually do not feature image galleries in the daily top 10, but this gallery was just too good: view 12 slides [Marc Morrison, Oilpro]
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开发该许可区域的合作商Tap Pil持有9.778%的权益。据透露,Noble Tom Prosser自升式钻井平台于2016年8月1日开始钻探“Driftwood-1”号勘探井,目前已钻至水下99米深处,目标总钻探深度为2081米。如能进行无障碍干井钻探,钻井预计持续19天。Quadrant持有WA-320-P许可区40.665%的股份,其他两位合作商OMV和JX Nippon Oil and Gas分别持股 39.557%和10%。
来自/Offshroe Energy Today 8月2日消息 编译/赵美园石油圈原创www.oilsns.com
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Quadrant Energy has started drilling the Driftwood-1 exploration well on the WA-320-P permit, offshore Western Australia. Quadrant-operated WA-320-P permit is located in the Carnarvon Basin, offshore Western Australia and the Driftwood-1 exploration well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, approximately 1km north of the Rosily-1A exploration well which had minor oil shows.
According to Tap Oil, a partner in the permit with a 9.778% participating interest, the Noble Tom Prosser jack-up drilling rig spudded the Driftwood-1 exploration well on August 1, 2016. The well is being drilled in 99 metres of water and will be drilled to approximately 2,081 metres measured depth. The well is expected to take 19 days on a trouble free dry hole basis. Quadrant has 40.665% interest in the permit, while its other partners, OMV and JX Nippon Oil and Gas have 39.557% and 10%, respectively.
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BG has asked the National Petroleum Agency (ANP) to suspend the contracts for the blocks that it operates in the Barreirinhas Basin. The oil company wants an extension of the contract deadlines in the area equal to the delays in obtaining the environmental licenses for activities in the region.The request covers the contracts for blocks BAR-M-215, BAR-M-217, BAR-M-252, BAR-M-254, BAR-M-298, BAR-M-300, BAR-M-340, BAR-M-342, BAR-M-344 and BAR-M-388. The areas were sold in 2013. The first exploratory period for the blocks ends in August 2018. BG contracted a 1,3500 km2 survey of 3D data in the area by CGG, but approval for the project by the regularoty agency Ibama took almost a year and a half and work on the survey did not begin until the end of 2015.
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Brazilian giant only seeing output of 19,000 barrels per day of oil at flagship development in Campos basin, but is optimisticBrazilian state-controlled oil company Petrobras is facing on¬going challenges at the Papa Terra heavy oil field, a groundbreaking offshore development in the deep waters of the Campos basin.It is proving tough for the company to boost output amid high water production at the field.Petrobras started production from Papa Terra in November 2013 by means of the P-63 floating production, storage and offloading vessel.Converted from the very large crude carrier BW Nisa at Cosco Shipyard in China, the P-63 is able to produce 140,000 barrels per day and 1 million cubic metres per day of natural gas, with re-injection capacity of 340,000 bpd of water.However, more than two years after first oil, Papa Terra is only producing 19,000 bpd of oil, and as much again of water.The operator is staying optimistic.“Papa Terra is still at its early phase of production development and, at this stage, variations in the production curve are normal,” Petrobras said.
To deal with the considerable amount of water that is already being produced and in an effort to increase recovery, Petrobras is studying using a pilot project of polymer injection at the field next year.The use of the polymer solution is designed so that the injected water is mixed with the polymer to increase the viscosity of the water, enabling Petrobras to extract more oil.“From the information obtained to date, the company is working to adjust the project so it can increase oil production,” said Petrobras.The combined Papa Terra development also features the P-61 dry-tree tension-leg wellhead platform, which is linked to the Beta tender assist rig, and helps serve the P-63.The P-61 was finally deployed in the field in March 2015 after a complex marine installation process that lasted over a year due to severe weather conditions.Papa Terra was planned to be developed using 17 subsea completed wells, including six oil producers, 10 water injectors and one gas injector connected to the P-63 through flexible risers with electric heating, and another 13 surface completed wells at the P-61.
All 19 oil production wells are to be fitted with submersible centrifugal pumps, with output from the TLWP transferred in a multi-phase flow to the FPSO, located some 350 metres away.“The system itself is very complex and expensive. In addition, the use of the TLWP is something new to Petrobras. This is the first such unit ever to operate in Brazil, but despite the novelty of the project, the oil flows from Papa Terra are definitely disappointing,” said one source.Well PPT-16, the first with dry completion linked to the P-61, is only producing about 3500 bpd, almost half the average of the wells connected to the P-63 FPSO.That same well was disconnected from the P-61 last June for maintenance due to problems at the submersible centrifugal pump, and output was only restored two months later.Papa Terra produced a record 33,900 bpd in June 2014 with five horizontal wells linked to the FPSO on stream.
According to data from market regulator ANP, there are now only three of these wells in operation, plus the PPT-16 at the P-61. Papa Terra is producing 15 degrees API oil from three turbidite sandstone reservoirs, comprising one of Eocene age and two of Cretaceous age.According to Petrobras, there is no estimated date to reach peak production of 140,000 bpd at Papa Terra, as future flows will depend on the productivity of new wells that have yet to be drilled by the Beta tender assist rig.Petrobras operates Papa Terra with a 62.5% stake and is partnered by US supermajor Chevron with the remaining 37.5%.
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BRAZILIAN independent Parnaiba Gas Natural (PGN) has started production at its third natural gas field in the onshore Parnaiba basin.Output at the Gaviao Branco field, estimated to hold 3.24 billion cubic metres of gas in place, began on 1 February. PGN expects to link a total of eight wells in the area to reach production of 1.5 million cubic metres per day of gas.PGN also finished constructing the infrastructure — 80 kilometres of pipes that cost 500 million reais ($126.2 million) — to receive the gas from Gaviao Branco and other fields expected to enter production soon in the Parnaiba basin.The gas treatment unit is able to handle 5 million cubic metres per day and will also process gas from the Gaviao Branco Sudeste, Gaviao Caboclo and Gaviao Branco Norte fields.In late December, PGN started production from the nearby Gaviao Vermelho field. PGN is currently producing about 4.9 MMcmd, mostly from the Gaviao Real field, but estimates output will grow to 8.4 MMcmd by the middle of the year.
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Petrobras reported that its proven reserves fell 20% in 2015 to 10.516 billion barrels of oil equivalent, reaching their lowest level since 2001.Petrobras booked proven reserves of 8.774 billion barrels of oil and 278.4 billion cubic metres of natural gas in 2015. The figures are in accordance with US Securities & Exchange Commission standards.Petrobras added just 20 million barrels of oil equivalent of new proven reserves in 2015, related to the discovery of new accumulations close to existing infrastructure in the Albacora Leste and Golfinho fields in Brazil, and the El Mangrullo field in Argentina.Petrobras produced a total of 932 million boe last year and chopped its proven reserves by 1.69 billion boe based on technical criteria and economic factors amid sharp falls in oil prices.
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Petrobras will decommission all of the platforms of the Marlim field in the campos Basin, and replace them with two new units foreseen in the asset’s revitalization plan. The measure is part of a review of the agreed development plan as approved by the National Petroleum Agency (ANP) at the end of last year. The two new FPSOs that will be installed in the area willhave capacity to process 100,000 bopd.Currently, installed processing capacity in the fields is 750,500 b/d, distributed between seven production platforms. However, only a quarter of that capacity is busy with oil production. In 2015, Marlim produced 184,800 bopd.The problem is that for every barrel of oil produced, the field produces almost a barrel and a half of water. In 2015, Marlim produced 256,000 b/d of water, totaling 440,000 bopd and water.The requirements of the ANP call for investments to boost the recovery factor of the assets, managing the production of water and access to new sections of the reservoirs.Asked to comment, Petrobras had not responded by the time this article was prepared for publication.
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Brazilian oil production grew 8.8% in 2015, reaching 2.436 million barrels/day, which represents the highest result in history. This growth was possible thanks to the Santos Basin, where pre-salt operations offset losses in the nation’s major oil province, the Campos Basin, which lost an average of 50000 b/d.On February 2, Brazil’s National Petroleum Agency (ANP) released data from December, when production stood at 2.532 million b/d, which was 6.42% higher than in November.
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Galp, Statoil, Shell and Chevron are hiring law firms to file individual lawsuits against Law 7182 and Law 7183 imposing new taxes on companies with oil and gas production in Rio de Janeiro, sanctioned by Gov. Luiz Fernando Pezao in the end of 2015. The tendency is that the individual suits will emphasize obtaining preliminary injunctions against the new measures. The legal disputes must be initiated between February and March of this year.In addition to the individual initiatives, the Brazilian Petroleum Institute (IBP) will file a joint suit representing all of its member companies.The two laws will come into force at the end of March, if Pezao does not veto the new measures. The new tax rates also threaten Petrobras, BG and Petrorio, companies that also have production projects in the state.
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Petrobras is working on the final details of its new five-year business plan, and intends to make a formal announcement to the market within the next few weeks, writes Fabio Palmigaini.According to Petrobras chief executive Aldemir Bendine, the new investment plan that will run to 2020 will factor in the sharp drop in oil prices and the depreciation of the Brazilian real versus the US dollar.“The current level of Brent prices is something quite challenging for the company, and these price swings seen in recent weeks are one of the main reasons why we are debating with caution the new business plan,” Bendine said.He said Brent prices are not expected to recover in the short-term, adding that Petrobras is investing to improve its efficiency, so it can be prepared for tough times in the near future. “We will be competitive, no matter if Brent prices remain on the low side, said Bendine.“We think about our projects for the long run, some 10, 20 years ahead, but I admit the current mindset is for low oil prices.“Of course we are worried with Brent trading at $30 per barrel, but it’s not the end of the world. We need to have discipline to be able to do our job in this scenario.”Pre-salt remains “extremely competitive”, said Bendine, adding the company will use all its technology and expertise to increase its efficiency to better develop its projects beneath the salt canopy.Bendine said: “We want the company to have a good capital structure. We want to be a low-cost company when it comes to the pre-salt development.”Bendine refused to set a specific date to release the new business plan, but suggested an announcement may happen in March.In mid-January, Petrobras revised down its investment plan through 2019, slashing spending by 25% to $98.4 billion, the lowest level since the $87.1 billion allocated to the 2007 to 2011 plan.
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The Cabiunas consortium – consisting of Petrobras, BG, Petrogal and Repsol Sinopec – received autorization on February 5 from the National Petroleum Agency (ANP) to operate Rota 2. The gas pipeline connects the Santos Basin pre-salt cluster to the Cabiunas Terminal (Tecap) in Macae, in the state of Rio de Janeiro.The 24” diameter Rota 2 is 402 km in length (398 km offshore, 4 km onshore), and can transport up to 13 million m3/day of natural gas. The project investment was valued at 4.9 billion reais and is Brazil’s longest offshore pipeline.The consortium has up to 90 days to send the agency a detailed timeline of the actions necessary to ensure the adequacy of pipeline’s measurement systems to Tecap.
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Brazilian oil giant Petrobras is due to receive bids on 15 February in a re-tender for the contracting of a new 3D seismic survey covering the south-eastern portion of the Libra field in the Santos basin pre-salt province, writes Fabio Palmigiani.Upstream understands that Petrobras has invited major seismic players, including CGG, Petroleum Geo-Services, Fugro, Polarcus, FairfieldNodal, TGS-Nopec and Seabed Solutions, to submit offers in the tender.The campaign will feature the acquisition, processing and interpretation of 1056 square kilometres of 3D seismic, preferably using multi-azimuth techniques, to be carried out in the beginning of the second half.The re-bid follows a tender launched in late 2014 that was cancelled after Petrobras received no proposals from contractors.One source said Petrobras is expected to launch a separate tender later this year, this time covering the seismic mapping of the north-west portion of Libra. The data to be collected will assist Petrobras in the future production development of the whole area.First oil from Libra is eyed for the first quarter of 2017 by means of the Pioneiro de Libra floating production, storage and offloading vessel.The 50,000-barrel per day unit will conduct a series of extended well tests at the field.Meanwhile, Petrobras is currently tendering for a larger FPSO to start output at Libra in 2020.The state-controlled company has recently postponed the date to receive commercial offer to 8 April from 11 February.Petrobras operates Libra with a 40% stake and is partnered by European majors Shell and Total with 20% each, and Chinese oil companies China National Petroleum Corporation and China National Offshore Oil Corporation with 10% each.
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The Brazilian government is preparing a stimulus package in an effort to inject new life into the country’s battered oil and gas sector, writes Fabio Palmigiani.Mines & Energy Minister Eduardo Braga said the government is drafting a proposal designed to extend concession contracts for blocks awarded in the first 10 licensing rounds, reduce oil royalties, give greater flexibility for local content rules and prolong the Repetro tax exemption for an additional 20 years.Meanwhile, the government is also preparing to send out an ultimatum, giving operators up to 180 days to resume output at non-¬productive onshore and offshore fields, or areas that risk being returned and re-tendered at a future date.According to Braga, the goal is to make it easier for oil companies to invest in the Brazilian hydrocarbons sector, even at a time when oil prices are trading near their lowest level in 12 years.The extension of concession contracts will mainly benefit Petrobras and will cover areas awarded in the so-called Round Zero, held in 1998, which ratified the company’s rights over dozens of producing fields.The concession rights for big fields such as Marlim, Barracuda and Albacora are due to expire in 2025, and it is understood that the government is looking to provide an extension for an extra 27 years.Braga said the same logic will likely be applied for blocks acquired in the subsequent 10 ¬licensing rounds.The plan also involves prolonging the Repetro initiative — a special tax regime in Brazil that allows for the import of goods destined for research and production activities in the oil and gas sector — for two more decades.Created in 1999 to help boost interest in the country after the end of Petrobras’ monopoly, the Repetro tax loophole is due to expire in 2020. Braga also said a possible reduction in oil royalties and changes to local content rules need more discussion, and will likely be presented at a later date.The government is also trying to secure more investments in the short term at existing fields by forcing oil companies to spend money to continue producing at areas where output ceased in the past year.According to data from market regulator ANP, there are 39 small fields in such conditions — 31 ¬onshore and eight offshore.The list of offshore fields where production has been halted by more than a year includes Namorado NE, Coral, Dourado,Piranema South, Cacao, Biquara, Dentao and Abalone.All but one are operated by Petrobras. Abalone is operated by Shell.
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Dutch vessel contractor SBM Offshore said the US Department of Justice has re-opened a previous inquiry into bribery allegations involving the company.The investigation into the floater specialist follows a record $240 million settlement that the company reached in November 2014 with Dutch and US authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea.Those allegations against SBM involved an estimated $200 million in bribes paid between 2007 and 2011.As for the re-opened investigation, SBM said it is "seeking further clarification about the scope of the inquiry"."(SBM) remains committed to close-out discussions on this legacy issue, which the company self-reported to the authorities in 2012 and for which it reached a settlement with the Dutch Public Prosecutor in 2014," SBM said.SBM said in an annual financial update on Wednesday that ongoing discussions with with Brazilian authorities and state-owned Petrobras "have progressed".The contractor has now set aside $245 million "for a possible settlement"."While discussions are at an advanced stage, timing of a settlement announcement as well as the size of any potential final settlement amount remain to be confirmed," SBM said.SBM has been in talks with the Brazilian comptroller general's office about a leniency deal related to the corruption scandal at Petrobras.Last December, Brazilian prosecutors charged 12 people with involvement in the bribery scheme.SBM said the Justice Department has "made information requests in connection with that inquiry".SBM reported net income of $24 million in 2015, a drop from $84 million in 2014.The result included non-recurring items that generated a net loss of $157 million - "all relating to compliance issues", SBM said.
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集工程设计和承包服务于一身的阿联酋Lamprell公司已决定任命Christopher McDonald担任首席执行官兼公司主管。Lamprell周三表示:现任CEO Jim Moffat即将退休后,McDonald将接替Jim Moffat的工作。职位交接将于10月1日生效。早在2015年8月,Lamprell便公布了Moffat将要退休的消息。Moffat本应于2016年6月30日退休离职,但后与公司协定:在新任CEO尚未落实之前,继续履行工作职责。
来自/Offshore Energy Today 8月3日消息 编译/赵美园石油圈原创www.oilsns.com
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Lamprell, a UAE-based provider of fabrication, engineering and contracting services to the oil & gas industry, has appointed Christopher McDonald as its new Chief Executive Officer (CEO) and director. Lamprell said on Wednesday that McDonald will be succeeding Jim Moffat who will be retiring from the company. The company added that the changes will become effective on October 1. Lamprell announced Moffat’s decision to retire back in August 2015. The retirement was supposed to become effective on June 30, 2016 but Moffat agreed to extend his role while the search process to find a new CEO continued.
Before his appointment, McDonald held the position of Executive Vice-President and Group Head of Business Development with Petrofac based in the UAE where he had overall accountability for global sales for the company. Before Petrofac, he was employed at Halliburton/KBR for 18 years during which time he served on the board of MW Kellogg and led KBR’s worldwide lump-sum EPC sales and marketing activities. According to Lamprell, McDonald has extensive international experience in the EPC and oilfield services sectors having worked and lived in the USA, Asia, Australia, Europe and the Middle East.
Lamprell ended by saying that McDonald will join the company on September 13 and transition into the CEO role effective October 1. Moffat will take up his part-time consultancy role from mid-November until March 31, 2017, and will stand down from his director role on September 30.
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