New base special 03 april 2014

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NewBase 03 April 2014 Khaled Al Awadi

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Indian firm to set up Dh3.5bn Phosphate plant in RAK Source : Emirate24/7

Zuari Agro Chemicals Limited, a subsidiary of India’s Adventz Group, will invest $950 million (Dh3.5 billion) to set up an integrated Diammonium Phosphate (DAP) manufacturing facility in Ras Al Khaimah (RAK) Maritime City, it said a press statement. Alpen Capital has been appointed financial advisor for this project.

HH Sheikh Saud Bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, attended the formal signing ceremony in Ras Al Khaimah on March 31 along with Saroj Kumar Poddar, Chairman of Zuari Agro Chemicals, a company part of the Adventz Group; Suresh Krishnan, Managing Director, Zuari Agro Chemicals; Akshay Poddar, Executive Director, Zuari Agro Chemicals, Naser Bustami, Executive Board Director of RAK Maritime City; Rohit Walia, Executive Chairman, Alpen Capital; and Sanjay Vig, Managing Director, Alpen Capital. “Ras Al Khaimah’s diversified economic base and consistently robust growth highlight its appeal as an attractive investment destination within the UAE’s vibrant national economy. We actively encourage businesses from around the world to explore Ras Al Khaimah as their home in the region and their gateway to global markets. I am pleased to welcome Zuari Agro Chemicals to




Ras Al Khaimah, and look forward to a long and productive partnership,” said His Highness Sheikh Saud Bin Saqr Al Qasimi. “We are delighted to partner with RAK Maritime City and the emirate of Ras Al Khaimah to set up our fertiliser plant. “The different parties associated with the project have been brought together very well by Alpen Capital and we are ready to kick start the project with the signing of the definitive agreements. We are confident that this project once launched will help establish our presence in the Middle East and contribute to our growth”, said Saroj Kumar Poddar, Chairman, Zuari Agro Chemicals Limited.

“Following the MoU that was signed in 2012, a lot of work has gone into finalising the various aspects of the project and we are extremely delighted that both parties have come to a mutually beneficial agreement to commence the transaction. We are proud to be associated with RAK Maritime City and Zuari Agro Chemicals and hope that our expertise in the GCC-India corridor will add value to this landmark transaction,” said Rohit Walia, Executive Chairman, Alpen Capital. The Adventz Group is a $3 billion Indian conglomerate, comprises 23 companies in various verticals. It is a major producer of a wide range of complex fertilizers and other agricultural inputs such as seeds, pesticides, micronutrients and speciality fertilisers.

About Diammonium Phosphate (DAP) manufacturing facility :-

Diammonium phosphate (DAP) is a chemical

phosphatic fertiliser that is used extensively

for bulk blending and for direct application

in soils. It has the advantage of being

highly water soluble. DAP is used as a

fertiliser and also as a fire retardant. DAP is

also used as a yeast nutrient in winemaking

and brewing mead; as a flux for soldering

tin, copper, zinc and brass, to control precipitation of alkali-soluble

and acid-insoluble colloidal dyes on wool. When phosphoric acid

and ammonia are mixed a non-hazardous product diammonium

phosphate (DAP) is produced. Both phosphoric acid and

ammonia are generally used in large quantities and in

concentrated form and if too little phosphoric acid is added, the reaction turns out to be incomplete and ammonia is produced.

Zuari is a single-window agricultural solution provider. We partner with Indian farmers for

progress and prosperity. Zuari enables agricultural self-sufficiency and economic

independence by providing fertilisers that are both affordable and effective. We are

committed to effective utilization of resources and innovative initiatives for the well-being of

the farming community.

Zuari’s operations are spread across five key marketing areas. The company has a

manufacturing facility at Goa, with four plants, dedicated to manufacturing urea, DAP and

NPK based fertilizers. Our wide variety and reach has enabled us to diversify into additional

sectors like furniture, oil tanking, seeds, and investments, apart from agricultural inputs.




Oman may buy stake in Petronet’s unit in India http://www.timesofoman.com/News/31972/Article-Oman-may-buy-stake-in-Petronet%E2%80%99s-unit-in-India

Oman is considering buying a 10-15 per cent stake in Petronet LNG's proposed plant in India's

east coast, Mohammed bin Hamad Al Rumhy, minister of oil and gas, said yesterday. "We have

not decided on (the) stake. It will be a small (stake) — may be 10-15 per cent," Rumhy said,

adding the two sides had been engaged in talks for the past two months.

Petronet, which supplies liquefied natural gas (LNG), aims to build a 5 million tonne a year LNG

terminal at Gangavaram, in the east coast, by 2016

The visiting minister also said the energy-hungry nation aims to get 1 billion cubic feet of gas per

day from Iran from 2017-18, under a long-term agreement, if the plan materializes

Indian state-run companies Oil & Natural Gas Corp, Indian Oil Corp., and GAIL hold a 12.5 per

cent stake each in Petronet. French power company GDF Suez owns 10 per cent and the Asian

Development Bank another 5.2 per cent. The rest is held by public, insurance companies and

mutual funds. LNG importers in India are already ramping up their processing capacity to meet the

rising demand.




Abu Dhabi refinery said to be planning July diesel switch Bloomberg/Dubai

Adnoc is in the process of adding 417,000 bpd refining capacity at Ruwais by August.

Abu Dhabi’s largest oil refinery is preparing to boost production of the industry’s lowest-sulphur diesel within three months as standards for the fuel rise, two people with knowledge of the matter said.

The emirate’s 400,000-bpd plant at Ruwais will only produce diesel with 10 parts per million of sulphur by July, said the people, who asked not to be identified because they are not authorised to

speak to journalists. Ruwais will stop making 500 ppm diesel and is selling its remaining supplies of that grade, they said.

Middle Eastern oil-producing countries are expanding refining and chemicals processing to cut reliance on crude exports. At the same time, the plants need to improve the standards of the fuels to meet European regulations and help curb air pollution throughout the Gulf.

Abu Dhabi National Oil Co is in the process of adding 417,000

bpd refining capacity at Ruwais by August in an expansion that will enable the plant to double gasoline output to meet rising domestic demand. The company is upgrading a hydrotreating unit to produce the cleaner-burning diesel, said the people.

Adnoc sold 80,000 metric tonnes of 500 ppm diesel to the trading unit of Saudi Arabian Oil Co for loading in March and in April. The company agreed to sell one 40,000 tonne diesel cargo for April loading at a premium of about $2.80 a barrel to Middle East benchmarks, traders said this week. Another cargo of the same size went for a premium of about $3 a barrel, traders said March 18.

A media official with Adnoc referred questions to the company’s retail fuel division, where no one answered two calls to the public relations department or a third call to the switchboard. A public relations official at Adnoc’s refining division didn’t have an immediate comment when contacted by phone yesterday.

Saudi Aramco, as the state oil company is known, is also expanding capacity to produce clean diesel. It already exports the low-sulphur fuel from a 400,000-bpd joint-venture refinery with Total that began production at Jubail on the Gulf coast last year. The company is set to open another plant of the same size at Yanbu on the Red Sea this year, Oil Minister Ali al-Naimi said on January 30.

Abu Dhabi, the UAE capital and largest emirate, holds about 6% of world oil reserves. The emirate has an 80,000-bpd refinery located near the capital city.




Japan’s nuclear reliance could be as low as 10pc Written by Oman Observer

Three years after the Fukushima disaster prompted the closure of all Japan’s nuclear reactors, Prime Minister Shinzo Abe is moving to revive nuclear power as a core part of the energy mix, but many of those idled reactors will never come back online.

As few as a third, and at most about two-thirds, of the reactors will pass today’s more stringent safety checks and clear the other seismological, economic, logistical and political hurdles needed to restart, a Reuters analysis shows.

This means Japan is likely to remain heavily reliant on imported fuel to power the world’s third-largest economy, straining a trade balance that has been in the red for nearly two years. Electric utilities will face huge liabilities to decommission reactors and pay for fossil fuels.

Hokkaido Electric Power Co and Kyushu Electric Power Co, both facing a third year of financial losses, are seeking capital infusions totalling nearly $1.5 billion from a state-owned lender. Kyushu Electric shares dropped as much as 7 per cent yesterday to an 8-week low. Fukushima operator Tokyo Electric Power Co was bailed out by the government after the March 2011 disaster. Continuing indefinitely to burn more coal and gas also means Tokyo will find it much harder to meet targets for reducing greenhouse-gas emissions.

“Japan had 54 nuclear reactors supplying about 30 per cent of the nation’s electricity before an earthquake and tsunami destroyed the Fukushima Daiichi nuclear power station in 2011. The six reactors at that plant are shut forever, slated for decades-long decommissioning.

Of Japan’s remaining four dozen reactors, 14 will probably restart at some point, a further 17 are uncertain and 17 will probably never be switched back on, the analysis suggests. As a result, nuclear energy could remain below 10 per cent of Japan’s power supply.

The Reuters analysis is based on questionnaires and interviews with more than a dozen experts and input from the 10 nuclear operators. It takes into account such factors as the age of the




plants, nearby seismic faults, additional work needed to address safety concerns, evacuation plans and local political opposition.

It’s impossible to say how many reactors will eventually pass safety inspections and win local approval to restart, but the Reuters analysis constitutes “a very good guess,” said Tatsujiro Suzuki, who stepped down this week as vice chairman of the government’s Japan Atomic Energy Commission.

Japan previously had the third-highest number of nuclear reactors, behind France and the United States. In Asia, China currently has 21 reactors and South Korea 23.

A number at the low end of the Reuters calculations could make it impossible for Japan to reinstate nuclear as a “base-load” power source — enough to feed a constant minimum supply to the grid — as specified in a draft national energy plan that the government may adopt as soon as this week.

In a measure of the keen interest in, and lack of hard information about Japan’s nuclear restarts, shares of uranium producers such as Canada’s Cameco Corp and Australia’s Paladin Energy Ltd jumped as much as 15 per cent last month just on news that Tokyo had compiled a final draft of the energy plan.




The public has turned against nuclear power after watching Tokyo Electric (Tepco) struggle to deal with the Fukushima disaster. Recent polls put opposition to nuclear restarts at about two-to-one over support.

Abe’s government, which reversed the previous government’s policy of phasing out nuclear power by 2030, has set no timetable for restarting nuclear plants, saying the process is in the hands of a tough, more independent safety regulator set up after Fukushima.

Some power companies have business plans that assume restarts by this summer, but — with the possible exception of two reactors in southern Japan — that looks highly unrealistic, as the Nuclear Regulation Authority (NRA) says the utilities aren’t taking the process seriously enough.

Eight power companies have requested safety inspections to allow the restart of 17 reactors at 10 power stations. The NRA has fast-tracked two reactors at the Sendai plant in southern Japan after operator Kyushu Electric Power Co broke ranks with its peers and said it would provision for far greater seismic shocks to the plant.

Three reactors in southern Japan are considered next in line, among 11 pressurised-water reactors at five plants run by Shikoku Electric, Kansai Electric and Hokkaido Electric being actively vetted by the regulator.

NewBase General Data :- Replacement with Renewables

To avoid these emissions increases and replace lost generation through solar power, Japan would have to

generate 568 million kWh of solar power annually. With an assumed capacity factor for the country of 15

percent, this would require an installed solar capacity of 432 GW, more than four times the country's

planned goal of 53GW of solar PV capacity by 2030. Installation of this solar PV capacity would cost an

estimated $2.16 trillion dollars, and cover roughly 2.77 million acres.

Replacing Japan's 2030 nuclear plans with generation from wind installations would require 568 million

MWh of wind energy, a significant increase from the 3.57 million MWh currently generated by the country's

wind installations. The installation of this 324 GW of wind turbines would cost around $798 billion, and

would require 81,141 acres. Again, this number represents the area taken out of production on a wind

farm, but the wind farm itself would need to be as large as 2.8 million acres.

Finally, the replacement of the country's planned 2030 nuclear generation would require a geothermal

power installed capacity of 94,857 MW, at a cost of about $388.9 billion.




Calculating Carbon Emissions:

Emissions Factors

Coal: 0.795 tons C02 /MWh

LNG: Total: 0.474 tons/MWh

Combustion: 0.362 tons/MWh

Transportation: 0.106 tons/MWh (This includes both liquification and regasification of LNG)

These emissions factors were used to calculate the emissions that would result from switching production from

Japan's total nuclear production in 2009-- 265.76 billion kWh-- to coal or LNG-fired power plants. Japan's total

nuclear production in 2009 was calculated by summing yearly generation from each of Japan's reactors in 2009.

Japan's Current Total Carbon Emissions: 1,222 million metric tons

Calculating Construction Costs, Import Costs, and Trade Surplus:

Necessary kWh to replace Japan's nuclear generation were converted to equivalent in BTUs of either LNG or Coal.

For LNG, a heat rate of 6,719 Btu/kWh was assumed. We also incorporated the assumption that 1.5% of LNG was

retained by regasification facilities. For coal, an assumed a heat rate of 8,712 Btu/kWh was used.

Import Costs

Coal: $124/metric ton of Coal

LNG: $10/mmBTu

Construction Costs

2009 nuclear generation was converted to installed capacity of both LNG and coal-fired power plants, using 90%

capacity factors for both.

Installation Costs:

$1200 USD/kW for LNG

$3,000 USD/KW for Coal

Renewables Calculations:

Current generation from nuclear was converted to necessary installed capacity, using capacity factors of 20% for wind

power, and 15% for solar power, and 69% for geothermal power.

Land area calculations using: http://www.nrel.gov/analysis/power_databook/calc_pv.php.

Solar Costs: 5$/w of installed capacity.

Wind Costs: $2466/kw

2030 Projection:

Electricity generation in 2030 was calculated using .07% demand growth scenario.

Necessary replacement generation for lost nuclear capacity was 50% of 2030 total estimated electricity

generation.




UK could produce shale gas in 4 years in emergency – Cuadrilla Source: Reuters

Shale gas production in Britain could begin within four years if the current crisis in Ukraine escalates to such an extent that a national state of emergency is declared, the chief executive of Cuadrilla Resources said.

Britain is in the early stages of exploring for shale gas to counter its growing dependence on imports, and geologists have estimated it could have shale resources equivalent to several hundred years of demand. Cuadrilla is the only company in Britain so far to have used hydraulic fracturing, or fracking, in test wells in Lancashire.

It is two to three years away from establishing whether its British shale gas operations are commercially viable, Chief Executive Francis Egan said at an event at think-tank Chatham House on Tuesday evening. If the Ukraine crisis worsens dramatically and Britain declares a state of national emergency and removes all constraints, 'it would take two, three or four years to get up to appreciable production rates,' he added.

In an emergency situation, Cuadrilla could start constructing a drilling site immediately

and start drilling after two months. Drilling a well would take around four months, and three to four wells would be needed to demonstrate the commercial value of shale gas. In normal circumstances, it will take two to three years just to find out whether shale is commercially viable, because it has not yet been established at what rate the wells would flow. Energy consultancy Poyry has estimated it would take up to eight years for a developer to start commercial production in Britain after receiving a licence.

As Russia's occupation of the Crimea region has led to the worst East-West crisis since the Cold War, there is increasing urgency for European countries to find alternatives to Russian gas supplies, which arrive via Ukraine. Last week British Prime Minister David Cameron called the current crisis in Crimea a 'wake-up call' and said shale gas was a good opportunity for Europe to move away from Russian gas.

Russia provides around a third of Europe's gas, with most of that going to central and southeastern Europe rather than Britain, but Britain will begin to import gas from Russia under formal contract for the first time this year.

British domestic gas production from the North Sea basin is declining, and it imports most of its gas from Norway or via liquefied natural gas shipments. North Sea gas production will fall to 19 billion cubic metres (bcm) by 2030 from 108 bcm in 2000, Minister of State for Energy Michael Fallon said at the Chatham House event. 'Without shale we are forecasting we will be importing 70 percent of our gas by 2025, which equates to a 10 billion pound ($16 billion) per year import bill,' he added.

For shale gas production to begin within four years, Britain would have to opt out of all applicable EU legislation and of regulations by its local authorities. Local opposition to fracking has been another obstacle.




Russia: Rosneft acquires Orenburg Drilling Company Source: Rosneft

Rosneft has completed the acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group. Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment of Rosneft’s fleet of drilling units and implementation of the policy of the group for internal service share increase. Acquisition of Orenburg Drilling Company will provide most important regions of the Company’s activities with drilling operations subject to maximum pricing efficiency.

'The Orenburg Drilling Company fleet of drilling units is one of the most modern in terms of technology and average age of the drilling units. As a result of the transaction, Rosneft’s internal service share will increase enough to considerably improve efficiency of drilling projects implementation at the Company’s greenfields and brownfields, in particular by means of cost control at each stage of wells construction. Rosneft plans not only to concentrate on domestic drilling needs, but to carry on rendering services to third-party customers, contributing to oil production efficiency improvement,' First Vice President of Rosneft Eric Liron commented on the transaction.

“Orenburg drilling corporation”, drilling rig â„–5115, Vakhitovsky deposit




Nigeria to develop gas-based downstream industries http://www.2b1stconsulting.com/nigeria-to-develop-gas-based-downstream-industries/

The US automation and technology company Honeywell Group (Honeywell) and the United States Trade and Development Agency (USTDA) signed an agreement to jointly finance a feasibility study to develop gas-based downstream industries in Nigeria.

In Africa, Nigeria is the largest owner of proven reserves of natural gas estimated to 182 trillion cubic feet (tcf) on January 2013. With these reserves, Nigeria is ranked on the ninth position in the world while it appears only in 25th position by the production of gas with 1.2 tcf recorded in 2012.

This gap between the production and reserves of natural gas highlight the potential opportunities to increase this production significantly. With the second crude oil reserves in Africa, Nigeria saw most of the associated gas just being flared as too expensive for gathering, treatment and transportation.

This flared gas represented the equivalent of $18.3 million losses in revenues per day in addition to the carbon footprint impact.




In 2008 Nigeria put in place a Gas Master Plan with incentives and penalties system to prevent and stop natural gas flaring and encourage its monetization. Because of the lack of infrastructures and industries, Nigeria consumes less than 20% of its production.

The other 80% of the natural gas production are exported under the form of liquefied natural gas (LNG). At current and foreseeable gas market prices, the total costs to develop gas fields or collect associated gas for export through LNG plants becomes a challenge requiring alternative solutions.

In addition the production and export of crude oil and LNG plants generate minimum local employment despite a drastic local content regulation.

Honeywell and USTDA plan $3 billion chemical complex

In this context, the development of the petrochemical industries appears as the most attractive solution for Honeywell and USTDA.

The disadvantage of the depressed gas prices on the export markets turns into a competitive advantage when natural gas may be used as feedstock for downstream applications.

In addition each $billion of capital expenditure invested in the petrochemical sector generates four times more employment than the same $billion spent in exploration and production.

If the development of a petrochemical industry in Nigeria is recognized as a very promising scenario it supposes to find the technology partners to provide the required proprietary licences and the know-how to design build and operate such complex facilities.

That is where the partnership between Honeywell and USTDA comes as the cornerstone of this gas monetization program.

To be developed in phases, Honeywell and USTDA will team up to carry out the technical and commercial feasibility study of a $3 billion capital expenditure petrochemical complex in Nigeria.

After showing that Nigeria is able to support the design, construction and operation of this first petrochemical project, Honeywell and USTDA will go for a world-scale petrochemical complex in order to optimize the local value extracted from the gas production.




East Libyan rebels to end oil port blockage within days according to senior leader Source: Reuters

A rebel group in eastern Libya has agreed with the government to end its seizure of vital oil ports within days, a senior leader told Reuters on Tuesday, raising hopes for an end to an eight-month stalemate that has dried up state income and fuelled chaos.

There was no immediate comment from the Tripoli government which has been trying since summer to end the blockage of three eastern ports, which previously accounted for more than 600,000 barrels a day of oil exports.

The oil conflict is just one aspect of the turmoil in the OPEC producer where the weak central government is unable to control militias that helped topple Muammar Gaddafi in 2011 but refuse to disarm and are trying to grab a share of power or oil wealth. Still, markets are likely to remain skeptical about whether the oil ports will finally reopen after a similar deal fell through in December at the last minute.

Talks with the eastern rebels had moved forward after the U.S. Navy captured a tanker that had loaded oil at a rebel port, killing the hopes of rebel leaders to sell crude bypassing Tripoli and pressuring them to agree on a deal. The government had earlier met a rebel demand by releasing three of its fighters who had boarded the tanker at Es Sider, one of three ports seized by the group in August to press for autonomy and a greater share of oil wealth.

"The oil port issue will be solved within days," Abb-Rabbo al-Barassi, self-declared prime minister of the rebel group, said. "We agreed on all issues with the government in Tripoli." A government delegation would visit the group's home base Ajdabiya in eastern Libya within two days to hammer out the details, he told Reuters by phone. He gave no details.

The group's top leader Ibrahim Jathran had minutes earlier told a rebel television station his group had reached a solution benefiting the people of Cyrenaica, the east's historic name, and "all




honorable Libyans". "This agreement will upset all those who don't want the good for Libya and its people but it will make happy all national thinking Libyans. That's important for us. That's what we strive for," Jathran said in a speech lasting eight minutes.

He gave no details or date but swapped his often martial tone for a more conciliatory one, addressing "all Libyans" and stressing the need for consensus and stability. Jathran repeated the rebel demands for giving the east a share of oil and combating oil corruption but also talked about reaching out to all regions and cities to build a stable Libya.

MODERATE TONE

Western powers worry the conflict over oil will fuel instability or even break up the vast desert country as many in the east complain of decades of neglect at the hand of western cities such as the capital Tripoli or the main port Misrata.

Jathran mentioned his group's desire to reinstate the 1951 constitution from the era of King Idris, who had preceded Gaddafi, and introduced a federalist system sharing power between regions. But compared to other speeches, Jathran focused this time on dialogue.

"This night I'm addressing the people of Libya as a whole to talk about some truths and announce some joyous issues not only for Cyrenaica but the whole of Libya," a clean-shaven Jathran said, dressed in a suit and tie - in contrast to his days as rebel commander while fighting Gaddafi in 2011, when he wore a military uniform and sported a beard.

Jathran, who is in his early 30s, did not mention a previous demand to the government to return the oil tanker. A deal, if confirmed, would not necessarily end the shutdown of several oilfields in western Libya by a different set of protesters.

In contrast to the east, protesters at western oil facilities such as the closed El Sharara field are divided into in small groups with different demands and lacking joint leadership. Output has fallen to around 150,000 bpd from 1.4 million bpd in July when a wave of protests started across Libya. The loss of oil revenues has triggered the worst budget crisis for decades with the central bank burning through its reserves to keep the country afloat.




Malaysia: Uzma and EnQuest sign Petronas deal Source: Business Times

Petronas has awarded the fifth risk service contract (RSC) during the Offshore Technology Conference Asia 2014 (OTC Asia), a senior executive said. Petronas executive vice-president of exploration and production Datuk Wee Yiaw Hin said the agreement was signed with Malaysia-listed Uzma and British company EnQuest during the conference.

'We signed the fifth RSC contract with Uzma and EnQuest. EnQuest is the international oil company and Uzma is the local company,' he told reporters after the OTC Asia closing ceremony last week. He did not elaborate. Earlier, in his presentation at one of the conference's country sessions, Petronas vice-president for petroleum management, exploration and production business Adif Zulkifli said that the contract was signed on Thursday. He, however, did not divulge details.

An English daily recently reported that the fifth RSC was for the Tanjung Baram field in Sarawak worth between US$100 million (RM327 million) and US$200 million.

EnQuest is an independent oil and gas development and production company based in the United Kingdom and focuses on turning opportunities into value by targeting maturing assets and undeveloped oil fields.

Introduced by Petronas, the RSC model strikes a balance in sharing of risks with fair returns for development and production of discovered fields. Under this

arrangement, Petronas is the project owner while contractors are the service providers.

Upfront capital investment will be contributed by the contractors, who will receive payments commencing from the first production and throughout the duration of the contract.

Out of the five RSCs awarded, three are already in production. One of the companies which benefited from the contracts was Petronas Carigali's subsidiary Vestigo Petroleum. Other RSC contractors are consortiums comprising SapuraKencana Petroleum and UK-based Petrofac; Dialog Group and Roc Oil Co; and Petra Energy and Coastal Energy.




Maersk Intrepid to Start Mobilization to Norwegian North Sea in April by Maersk Drilling ,Press Release

Maersk Drilling revealed Tuesday that the firm has taken delivery of its first ultra harsh

environment jackup, Maersk Intrepid (482' ILC), from the Keppel FELS shipyard in Singapore on

time. Maersk Intrepid will start its mobilization to the Norwegian North Sea in approximately two

weeks, where it will commence a four year contract with Total E&P Norge AS.

Maersk Intrepid is the first in a series of four newbuild ultra harsh environment jackups to enter Maersk Drilling’s rig fleet in 2014-16. The four jackups represent a total investment of $2.6 billion. The first three jackups, including Maersk Intrepid, will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016.

The Maersk Intrepid will be drilling the demanding and complex wells on the Martin Linge fielddevelopment in the Norwegian North Sea. The contract includes four one-year options. The estimated contract value for the firm contract is $550 million.

Facts about the new ultra harsh environment XL Enhanced jackups from Maersk Drilling

With a leg length of 678 feet (206.8 meters) the rigs are the world’s largest jackups and are designed for year round operation in the North Sea, in water depths up to 492 feet (150 meters). Uptime and drilling efficiency are maximized through dual pipe handling. While one string is working in the well bore, a second string of e.g. casing, drill pipe or bottom hole assembly can be assembled/disassembled and stored in the set-back area, ready for subsequent transfer for use in the well bore thus reducing the non-productive time.

The drill floor features Multi Machine Control - a fully remote operated pipe handling system allowing all standard operations such as stand building and tripping to be conducted without personnel on the drill floor thus ensuring a high level of consistency across crews and an improved efficiency.




India’s ONGC to improve VSAT infrastructure Press Release,

Ceragon Networks Ltd. has been selected to design and build a high-capacity wireless backbone

for India’s Oil and Natural Gas Corporation Limited (ONGC).

The new network will be used to connect

offshore and onshore sites and will

replace existing VSAT infrastructure.

Ceragon will provide its Evolution™ Long

Haul solution along with a range of

services including: site-survey, system

design and engineering, project

management and installation. The full

turnkey project is valued at several

million US dollars.

ONGC is India’s largest oil and gas exploration and production company. It

produces nearly 70% of India’s crude oil and approximately 60% of its natural gas. The company plans to use Ceragon’s proven Evolution Long Haul solution. This advanced network will be used for mission critical applications such as SCADA (supervisory control and data acquisition) and video surveillance. In addition, it will enable ONGC to deliver corporate-wide IT services to all the sites, including SAP applications, internet access, emails and videoconferencing and more.

“More and more players in the oil and gas industry find that the limited bandwidth, high latency and availability of VSAT technology simply cannot support the range of value-add services they require,” said Ira Palti, president and CEO of Ceragon. “Our unique microwave solutions including specialized Offshore Radio Products and Stabilized antenna System (PointLink) for the offshore market are based on more than 30 years of experience in the oil and gas industry.

“By providing hundreds of Mbps, our systems allow exploration companies to enjoy secure, reliable and high-capacity communication at a much more favorable cost-per-bit. Coupled with Ceragon’s proven turnkey service and project management capabilities, blue-chip customers such as ONGC can benefit from a comprehensive offering that truly supports their business,” concluded Palti.

About ONGC

ONGC’s market capitalization as on 6th January 2014, was INR 240,366 Crore (US$ 38.57 billion). It is the highest valued and highest profit making Government of India enterprise. During the financial year ended 31 March 2013, ONGC Group had produced 58.7 million tonne of oil and oil equivalent gas (mmtoe) (approx. 1.2 mmboe per day), Turnover of INR 165,849 Crore (US$30.45 billion) and profit after tax of INR 24,220 Crore (US$4.44 billion). ONGC Group had total oil and gas reserves of 1,759 mmtoe as on 31 March 2013.




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Khaled Al Awadi is a UAE National wKhaled Al Awadi is a UAE National wKhaled Al Awadi is a UAE National wKhaled Al Awadi is a UAE National with a total of 24 yearsith a total of 24 yearsith a total of 24 yearsith a total of 24 years of experience in theof experience in theof experience in theof experience in the Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as Oil & Gas sector. Currently working as

Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for

the GCC area via Hawk Energy Service as a the GCC area via Hawk Energy Service as a the GCC area via Hawk Energy Service as a the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations UAE operations base , Most of the experience were spent as the Gas Operations UAE operations base , Most of the experience were spent as the Gas Operations UAE operations base , Most of the experience were spent as the Gas Operations

Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developed has developed has developed has developed

great experiences in the designing &great experiences in the designing &great experiences in the designing &great experiences in the designing & constructingconstructingconstructingconstructing of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply of gas pipelines, gas metering & regulating stations and in the engineering of supply

routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many MOUs for OUs for OUs for OUs for

the local authoritiesthe local authoritiesthe local authoritiesthe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and. He has become a reference for many of the Oil & Gas Conferences held in the UAE and. He has become a reference for many of the Oil & Gas Conferences held in the UAE and. He has become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcasted Energy program broadcasted Energy program broadcasted Energy program broadcasted

internationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satellite ChannelsChannelsChannelsChannels . . . .

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NewBase 03 April 2014 K. Al Awadi

Economy & Finance

New base special 03 april 2014