Contract Type: Master Service Agreement
Client: NOC
FIeLD DEVELOPMENT AND EPC Projects Summary
MASTER SERVICE AGREEMENT – LIBYA
- Operating under a 5-year Master Service Agreement (MSA) to deliver well management and EPC services
- The objective is to increase oil production from various fields throughout the term of the contract
- Projects identified are split into 3 main streams:
- Engineering Consultancy Services
- Well management
- EPC for surface facilities and flow lines
| PROJECT LOCATION | DURATION | START DATE | COMPLETION DATE |
| Sirte Basin, Lybia | 5 Years | June 2024 | Ongoing |
Key Takeaways Success
- Establish new operations in Libya with rapid execution of wells management, workovers, and flowline engineering has commenced
- Improved culture, productivity and HSE standards
- Introduced new technology and operating methodology
Contract Type: Tax & Royalty
FIeLD DEVELOPMENT Project Summary
NEW TECHNOLOGY APPLICATION OF MULTI-LATERAL HORIZONTAL WELL DEVELOPMENT
- Our principals ran proprietary tool applied to drill first lined multi-lateral horizontal well
- Successfully drilled from one well bore 3 open hole sections and 2 slotted horizontal liners
- Average well productivity simulation expected to result in 150-200 bopd
| PROJECT LOCATION | DURATION | START DATE | COMPLETION DATE |
| Saskatchewan Canada | Ongoing | May 2023 | Ongoing |
Key Takeaways Success
- Well successful drilled multi-lateral with total lateral length over 1,500 meters in less than 14 days
- Junction tool successfully deployed two run two liners
- Well production and operations optimization ongoing
- Additional well development of multi-lateral planned in 2024
Contract Type: FEED, Selection of EPCC Contractor
Client: SONATRACH
EPC Project Summary
FEED STUDIES SERVICES
- FEED Study Services for New Urea Formaldehyde Unit Concentrated and Condensed “UFC85” (40,000 MT/year) at the CP1Z Complex – Arzew.
| PROJECT LOCATION | DURATION | START DATE | COMPLETION DATE |
| Algeria | 20 Months | Jun-24 | Feb-26 |
Key Takeaways Success
- Efficient Front-End Engineering Design (FEED): Delivered a thorough FEED, enabling the selection of an EPCC contractor within agreed time and quality standards.
- Budget and Schedule Adherence: Executed the project within budget and met scheduled targets, maximizing resource efficiency.
- Client Empowerment through Knowledge: Enhanced client understanding of UFC85 and formaldehyde technology, empowering informed decision-making and future planning.
- Optimized Resource Utilization: Carefully selected a qualified and cost-effective supplier, optimizing project resources and delivering value for the client.