Itochu News

The Central Azeri Platform. (Photo: Stuart Conway / BP)

25 More Years in the ACG Field

Statoil, together with co-venturers and the Azerbaijan Government sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA.   The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR) together with BP, Statoil, Chevron, INPEX, ExxonMobil, TPAO, ITOCHU and ONGC Videsh today sign the amended and restated Azeri-Chirag-Deepwater Gunashli (ACG) Production Sharing Agreement (PSA) which will be effective until the end of 2049. The agreement was signed today in Baku and is now subject to ratification by the Parliament (Milli Majlis) of the Republic of Azerbaijan.

Photo: Gazprom

First Pipe Produced for South Stream’s Offshore Section

lines, each exceeding 930 kilometers. Pipe supply contracts for the first line were awarded to EUROPIPE from Germany (50 percent of the total amount), United Metallurgical Company – OMK (35 percent) and Severstal (15 percent) from Russia. Pipes for the second line will be supplied by Marubeni-Itochu and Sumitomo consortium from Japan (40 percent of the total amount), OMK (35 percent) and Severstal (25 percent). Source: Gazprom  

Pipe-lay Map: Image credit Statoil

Polarled Extreme Depth Pipeline Contract

The Polarled-pipeline will export gas from Statoil's Aasta Hansteen field in the Norwegian Sea to the Nyhamna gas plant. Statoil has awarded Marubeni Itochu/JFE the fabrication contract for linepipe to the Polarled project, while Wasco has been awarded the coating contract, and Allseas the pipe-laying contract. The coating contract includes the establishment of a new production base in Mo i Rana, Northern Norway. "The Norwegian Sea is an exciting area on the Norwegian continental shelf. Polarled underpins this. Establishing new infrastructure increases the opportunities for the discoveries

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