Global Industries Wins Pemex Pipeline Contract
Global Industries
Global Industries' subsidiary, Global Offshore Mexico S. de R.L. de C.V., has received a letter of intent from PEMEX Exploration & Production to install approximately 53 kilometers (32 miles)of 36-inch diameter pipeline in the Bay of Campeche's Cantarell Field from Pol-A to Ixtal and then to PR-1. The approximate value of this contract is $100 million and the oil pipeline will be installed using the Hercules' automatic welding system.
William J. Dore, Chairman and CEO, stated, "Global has been committed to establishing its credibility with PEMEX since entering the Mexico market in 1997. It is gratifying to our operation and its regional staff to once again receive a vote of confidence from the PEMEX organization. The award of the 36" pipeline assures us continued work in the area as it follows the project previously awarded and currently underway."
PEMEX has contracted Global Industries to install 29 kilometers of 24-inch pipeline from Enlace to Uech A in the Gulf of Mexico's Bay of Campeche. Specifically, the project calls for the installation of the 29-kilometer 24-inch pipeline, three risers, three expansion loops, and the subsea tie-in. Global will also perform trenching, five crossings, as well as hydrotesting of the pipeline and topside work. The Titan 2, Shawnee, Ingeniero I, and Ingeniero II will execute the project. Global will then install a 12.5-kilometer 8-inch pipeline later this spring. These two projects represent a mere 7% of the 600 kilometers of pipelines PEMEX has scheduled for bid or construction in 2004 and 2005.
William J. Dore, Chairman and CEO, stated, "Global has been committed to establishing its credibility with PEMEX since entering the Mexico market in 1997. It is gratifying to our operation and its regional staff to once again receive a vote of confidence from the PEMEX organization. The award of the 36" pipeline assures us continued work in the area as it follows the project previously awarded and currently underway."
PEMEX has contracted Global Industries to install 29 kilometers of 24-inch pipeline from Enlace to Uech A in the Gulf of Mexico's Bay of Campeche. Specifically, the project calls for the installation of the 29-kilometer 24-inch pipeline, three risers, three expansion loops, and the subsea tie-in. Global will also perform trenching, five crossings, as well as hydrotesting of the pipeline and topside work. The Titan 2, Shawnee, Ingeniero I, and Ingeniero II will execute the project. Global will then install a 12.5-kilometer 8-inch pipeline later this spring. These two projects represent a mere 7% of the 600 kilometers of pipelines PEMEX has scheduled for bid or construction in 2004 and 2005.
Most Popular Articles
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call