In the Persian Gulf waters of Qatar, waves rise and fall around the Medan Mezzam oil field. This old oil field, which has been in service for over 50 years, is now undergoing a transformation project that will determine its fate for the next 30 years - the PS2 life extension project. The contract for two major EPIC sections, totaling nearly 4 billion US dollars, has attracted global marine engineering giants to compete. After multiple rounds of screening, China National Offshore Engineering Corporation (CNOOC) has advanced to the final list in both EPIC-1 and EPIC-2 sections, engaging in direct competition with Vietnamese and American companies. A high-end bidding battle for Gulf oil and gas projects has entered the countdown.

Fifty year old oilfield extends lifespan by thirty years

The Medan Mezzam oil field is located about 100 kilometers east of the coast of Qatar, with a water depth of 12 to 40 meters, and has been continuously producing oil for over 50 years. The facilities are aging, but there are still a large amount of recoverable resources in the reservoir. The PS2 life extension project aims to comprehensively upgrade offshore facilities and extend the stable production cycle by another 30 years. The current daily crude oil production is 75000 barrels, and after the transformation, it will be increased to 95000 barrels. The national oil production capacity in Qatar is maintained at 500000 to 600000 barrels per day, and stabilizing the production of major oil fields is the core task at this stage.

The competitive landscape of the double section is clear

Only Vietnam Petroleum Technology Service Company and China National Offshore Engineering Corporation remain in the EPIC-1 section, while India's Larsen&Co and South Korea's Hanwha Marine have withdrawn. This section is the core infrastructure project, including the construction of a new ten leg pipeline compression processing platform, a public facility and living platform, a large riser platform, and a single well wellhead pipeline frame. The EPIC-2 section only has McDermott from the United States and China National Offshore Engineering Corporation left, while Saipan from Italy and Osas from Europe have basically missed out. This section is mainly composed of submarine pipelines, covering over 100 kilometers of pipelines, 28 kilometers of umbilical cables, and nearly 20 kilometers of cables. The total value of the two major sections is nearly 4 billion US dollars. Keywords:Engineering Information、Construction News

The competitiveness of Chinese enterprises in offshore engineering has been verified again

Previously, Qatar Energy had entrusted the $4 billion Burhanen oil field project to China National Offshore Engineering Corporation (CNOOC) for construction. This double standard segment has been included in the final list, further verifying the core competitiveness of Chinese enterprises in the Gulf offshore market. Qatar Energy is conducting special negotiations with top bidding companies and is expected to finalize the winning bidder in the next one to two months. Affected by the global increase in insurance and logistics costs, the overall project cost may further rise. Qatar continues to increase its domestic strategic oil and gas development, providing a long-term participation window for Chinese offshore enterprises.Editor/Gao Xue