PSL Energy Services Garners Kazakhstan Contract

PSL Energy Services Ltd has been awarded a 1-year 4.6 million (US$8.6 million) contract by PFD International LLC in Kazakhstan.

The contract covers nitrogen and air helium leak testing and controlled bolting services at the TengizChevrOil (TCO) Second Generation Project site in Tengiz. PSL has already established a project office in Atyrau and, over the next month, will start mobilization of the required personnel and equipment. It is expected up to 35 jobs will be created and, once mobilized to site, PSL will train and hire 15 Kazakh technicians.

The contract is PSL's first significant award in Kazakhstan and is in line with the company's strategy of expanding its existing operations from its Baku headquarters in Azerbaijan to support customers throughout the Caspian region.

Since first entering the Azerbaijan market in 2003, PSL has developed an excellent reputation with Baku-based customers for flexibility and service quality. A core team of skilled national technicians form the nucleus of a 200-strong Baku workforce that operates from a 600,000 purpose-built yard and office facility.

PSL's regional manager for the Caspian, Tom Sherwin, said: "With the significant business opportunities available in the northern Caspian area it was logical that the company should look to expand its operations into Kazakhstan."

"We believe PSL was chosen by PFD to carry out this work because it is one of the few expert contractors capable of providing both leak testing and controlled bolting services in-house. In addition, the multi-functional integrated nature of our service crews maximizes productivity and produces significant savings for the end user."

The Tengiz field in western Kazakhstan is the sixth-largest oil field in the world, with recoverable crude oil reserves estimated at around 6 to 9 billion barrels.

The TCO joint venture has developed the Tengiz field since 1993. The major partners in TengizChevrOil are Chevron (50%), ExxonMobil (25%), the Kazakhstan government through KazMunaiGaz (20%), and Russian LukArco (5%).

PFD International is a limited liability company formed by an alliance between two engineering, procurement, and construction management (EPCM) contractors: Parsons Energy and Chemicals Group Inc. and Fluor Daniel Overseas Inc. PFD forms a major international organization that has been selected by TCO as the overall EPCM contractor for the TCO's SGI/SGP Project.

Related Companies
 Company: Exxon Mobil Corporationmore info

 - Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce (Mar 22)
 - Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled (Mar 21)
 - ExxonMobil Agrees to Buy 25% Stake in Mozambique's Area 4 Block (Mar 9)
 Company: Chevron Corporationmore info
 - Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce (Mar 22)
 - China's Sinopec Buys First Major African Refinery In Chevron Deal (Mar 22)
 - Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled (Mar 21)
 Company: KazMunayGasmore info
 - KazMunayGaz Offers To Buy Out Subsidiary's Minority Shareholders (Jun 17)
 - Eni, KazMunayGas Enter Deal to Explore Isatay Block in Caspian Sea (Jun 29)
 - Kazakhstan's Kashagan Aiming for 370,000 Bpd by End-2017 (Jun 9)
 Company: PSL Energy Servicesmore info
 - EnerMech Hits Double with 2 Mechanical Service Acquisitions (Oct 7)
 - Halliburton Acquires PSL Energy Services Limited (Aug 1)
 - Halliburton to Acquire PSL (Apr 26)
 Company: LukArcomore info
 - Chevron's Tengiz Expansion Doubles Production (Sep 25)
 - PSL Energy Services Garners Kazakhstan Contract (Aug 9)
 Company: TengizChevroilmore info
 - Blue Water Shipping-Led JV Bags $350M Deal from Kazakhstan's Tengizchevroil (May 12)
 - Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan (Oct 7)
 - Oil Output at Kazakhstan's TengizChevroil Seen Flat in 2015-2016 (Sep 29)

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Odessa: Field Service Quality Coordinator
Expertise: Field Service Tech|Planner / Scheduler|QA / QC / Inspection
Location: Odessa, TX
United States San Antonio/Elmendorf: Dispatcher
Expertise: Dispatcher
Location: Elmendorf, TX
Well Service Equipment Mechanic
Expertise: Well Servicing & Testing
Location: Houma, LA
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours