STATS Group Secures $10 Million Pipeline Repair Contract in Middle East
Pipeline engineer STATS Group announced Thursday that it has secured a $10 million ten year emergency pipeline repair contract with a "major LNG operator in the Middle East".
As part of the emergency subsea and onshore pipeline repair system and pre-planned isolation contract, STATS Group will design, manufacture and test pipeline isolation and intervention equipment for pipeline sizes from 16 to 38 inches. The equipment will be stored in Qatar in a “state of readiness”, according to the company, for pre-planned and emergency situations. STATS’ latest news follows the completion of a similar multi-million dollar contract with LNG producer Qatargas.
STATS Group’s Middle East Regional Director Angus Bowie commented in a company statement:
"Our focus on establishing our credentials in the Middle East emergency pipeline repair system (EPRS) sector has paid off and our original contract with Qatargas has now been followed with this significant award by another major operator in the Middle East. STATS’ ability to tailor the mature isolation technology to meet client expectations has allowed the EPRS systems to accommodate complex operations while maintaining the core, well proven, fail-safe features.
"Our technologies are all designed, manufactured and tested in-house and have become the industry standard for some of the leading operators in the Middle East who require peace of mind when being able to respond to pipeline integrity and repair issues. We will use the experience and our proven track record of first class delivery of these major Qatar projects to seek out other global opportunities for similar EPRS contracts."
STATS Middle East Business Development Manager Vikas Shangari said in a STATS press release:
"STATS has executed in excess of 40 isolation projects in the Middle East, ranging from 2 to 48 inches on oil, gas and utility pipeline systems. Typically projects include the replacement or installation of pig trap and main isolation valves, however we have also facilitated the removal of dead leg and redundant bypasses connected to main pipelines developing corrosion issues. Many of these projects were conducted without the need for a full system shutdown, providing an excellent value proposition and helping our clients realise operational, economic and environmental benefits in comparison to traditional maintenance techniques."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension