Island Oil And Gas News

ABB, the leading power and automation technology group, has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project (STGP).The order was awarded by OMV Tunisie Production GmbH, a subsidiary of Austrian energy group OMV, and was booked in the third quarter. ABB will be responsible for the turnkey delivery of the Nawara gas treatment plant (GTP) including gas separation and Liquefied Petroleum Gas (LPG) extraction units. It will also provide key automation, communications and power components, including the control system and transformers and switchgear for the electrification of the plant.

Rolls-Royce has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the Satah Al- Razboot (SARB) offshore project in the United Arab Emirates (UAE). The contract was awarded by the Korean engineering, procurement and construction firm Hyundai Engineering and Construction (HDEC) and is the first Trent 60 gas turbine sale to a Korean EPC. The SARB project, say Rolls-Royce, will play a key role in boosting domestic oil and gas production in the UAE.

Up to $134.6m will be spent on the Irish offshore this year as part of the busiest drilling program offshore Ireland in decades, according to a report in the Independent. With the Corrib partners completing a total of five production wells on the Corrib gas find, the program is also scheduled to include drilling on the Old Head of Kinsale gas find by Island Oil and Gas, as well as the Hook Head prospect, where Providence is the operator. Providence is scheduled at the beginning of August to start a 50-day drilling program over Hook Head in the Celtic Sea, a drilling campaign designed to test a structure on which two previous wells have discovered hydrocarbon bearing sands.

Island Oil and Gas PLC said it spudded a gas appraisal well (49/23-2) in the Celtic Sea, offshore Ireland. The well is the first of this year's drilling program. It is also the company's second well at the Old Head of Kinsale and follows on from the gas discovery with its operated well 49/23-1 in 2006. The company plans to produce first gas in the fourth quarter of 2008. Source: AFX

Turkey will start oil-and-gas exploration in the eastern Mediterranean, the energy minister said, according to a TV station, weeks after Cyprus announced similar plans in deals with Egypt and Lebanon. Turkey had warned Cyprus not to search for oil and gas in the area, where it said it also has legal rights and interests. Turkey also insisted that Turkish Cypriots should have a say in the island's oil-and-gas rights. Cypriot President Tassos Papadopoulos ignored the warnings, and in remarks published Sunday said the exploration deals with Egypt and Lebanon would go ahead. Turkey's Energy Minister Hilmi Guler said Monday during an interview with NTV that Turkey would also seek oil and gas in the eastern Mediterranean…

Island Oil and Gas PLC said it has been granted two new licenses offshore Ireland. One license covers blocks in the Southern Slyne Trough. Island Oil, the designated operator, and Lundin Petroleum AB will each hold a 50 percent interest in the newly named Inishmore Licence. The second award is the newly named Inishowen licence in the Donegal Basin. Again, Island is the designated operator with a 40 pct stake, while Lundin will hold 40 pct and Endeavour Energy 20 pct. Source: Lifestyle Extra