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Petronet LNG and GDF SUEZ conclude a 0.6 million tons of LNG contract
GDF SUEZ and Petronet LNG Limited have just signed an agreement extending along 2012 under which GDF SUEZ will sell Petronet about 0.6 million tons (nine cargoes) of liquefied natural gas (LNG). The cargoes will be from sources within GDF SUEZ’ LNG portfolio and will be delivered to Petronet’s Dahej LNG terminal in India.

date.png14 Nov 2011 13:07 | comments.png 0 Comments | tags.png gdf-suez india lng petronet [ More ]

The inauguration of the Nord Stream gas pipeline increases natural gas security of supply in France and across Europe
Today, the first line of the Nord Stream gas pipeline between Russia and Europe was officially inaugurated by German Chancellor Angela Merkel together with Russian President Dmitry Medvedev, French Prime Minister François Fillon, Dutch Prime Minister Mark Rutte and European Energy Commissioner Günther Oettinger.

date.png12 Nov 2011 12:23 | comments.png 0 Comments | tags.png gas gazprom gdf-suez pipeline russia [ More ]

GDF SUEZ signature of the first milestone of its partnership with CIC and new LNG agreement with CNOOC
On the occasion of his visit to China, Gérard Mestrallet, Chairman and CEO of GDF SUEZ signed two agreements today with China Investment Corporation (CIC) and China National Offshore Oil Corporation (CNOOC) illustrating the development strategy of GDF SUEZ in China and in the Asia-Pacific region.

date.png31 Oct 2011 09:35 | comments.png 0 Comments | tags.png cic cnooc gdf-suez lng trinidad-tobago [ More ]

GDF SUEZ - Start-up of a gas production in the Netherlands
GDF SUEZ E&P Nederland B.V., as the operator, started-up gas production from the G16a-C offshore gas field in the Dutch continental shelf, with a brand new production platform.

date.png31 Oct 2011 07:12 | comments.png 0 Comments | tags.png gdf-suez netherlands upstream [ More ]

AMEC awarded FEED contract for GDF SUEZ E&P UK’s Cygnus field in Southern North Sea
AMEC, the international engineering and project management company, has been awarded a Front End Engineering Design (FEED) contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development, one of the most significant undeveloped gas fields in the North Sea.

date.png03 Oct 2011 09:04 | comments.png 0 Comments | tags.png amec gdf-suez north-sea services uk [ More ]

Azerbaijan: Total makes a major gas discovery in the Caspian Sea
:Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan.

date.png09 Sep 2011 11:40 | comments.png 0 Comments | tags.png azerbaijan gdf-suez socar total upstream [ More ]

Petrofac Awarded Contracts by GDF SUEZ E&P UK
Petrofac, the international oil & gas facilities service provider, announces that its Offshore Engineering & Operations (OE&O) business has been awarded two North Sea contracts by GDF SUEZ E&P UK Ltd (“GDF SUEZ E&P UK”). Valued at £30 million over three years with an additional two year option, the contracts were awarded following a competitive tender process.

date.png30 Aug 2011 07:51 | comments.png 0 Comments | tags.png gdf-suez north-sea petrofac services uk [ More ]

Appraisal drilling gets underway for Bonaparte LNG
Bonaparte LNG today announced that drilling had begun at the Petrel-7 appraisal well in NT/RL-1 in the Bonaparte Basin, in the Timor Sea.

date.png17 Aug 2011 06:57 | comments.png 0 Comments | tags.png australia gdf-suez lng santos [ More ]

GDF SUEZ and CIC have signed a Memorandum of Understanding for cooperation across businesses and regions, in particular in Asia
As a first milestone of this cooperation, advanced exclusive talks on a €2.3 billion minority investment by CIC in the Exploration & Production division of GDF SUEZ to accelerate the development and on the €0.6 billion acquisition by CIC of a 10% stake in the LNG Atlantic liquefaction plant in Trinidad and Tobago

date.png10 Aug 2011 08:00 | comments.png 0 Comments | tags.png cic gdf-suez lng [ More ]

Consolidation of its position in Norway and important discovery in Indonesia
GDF SUEZ announced today two important milestones in the development of its portfolio of exploration & production assets. These operations are located for the one in a mature area in Norway and for the other in a promising region in Asia.

Thus, the Group acquired an additional 20% share in the offshore Njord field and in Noatun discovery in Norway, from ExxonMobil Exploration & Production Norway AS. GDF SUEZ E&P Norge AS therefore becomes the first shareholder in this licence with a 40% interest, alongside Statoil (20%, operator), E.ON Ruhrgas (30%), Faroe Petroleum (7.5%) and VNG (2.5%).

Meanwhile, GDF SUEZ, with its partner Eni Indonesia (operator of Muara Bakau PSC with a 55% share), announced a discovery in the North East of the Jangkrik gas field in the Muara Bakau licence, offshore Indonesia. This result follows the success of two exploration wells and one appraisal well drilled in 2009 and 2010 in the Jangkrik field.

Jean-Marie Dauger, Executive Vice President of GDF SUEZ, in charge of the Global Gas & LNG Business Line, explained: “These two operations highlight the GDF SUEZ E&P’s strategy and successful implementation : a balanced portfolio with a strong presence in mature areas, such as Njord in Norway, and with exploration in new areas such as in Indonesia.”

The Njord area in the Norwegian Sea is very active. The North-West Flank which is part of the Njord license is currently being drilled from Njord whilst the fast track development Hyme (ex Gygrid) recently approved by the Ministry of Petroleum and Energy will be tied back to and processed at the Njord facilities. The start of the Low Pressure Production project on the Njord field in 2013 will increase the recovery rate and extend the life of the field, in production since 1997. Entered in the licence late 2000, GDF SUEZ intends to speed up development of other discoveries in this area, thus expanding the life time of the Njord platform then used as a hub for the area. The transaction is subject to approval from the Norwegian Authorities.

In Indonesia, GDF SUEZ entered into the offshore exploration Muara Bakau PSC in September 2009 with a 45% stake. This licence is located in the Eastern part of the Kutei Basin, off the Mahakam Delta, largest river of eastern part of Borneo island (East Kalimantan). Results of this exploration well indicate more than 60 meters of net gas pay in excellent quality reservoir sands of Pliocene and Miocene ages. During the production test, the well produced high quality gas at a tubing constrained rate of 30.6 MMscfd(1). The gas produced will be routed to Bontang LNG plant.

Present in 16 countries, GDF SUEZ E&P built a balanced portfolio through targeted acquisitions and operated licences, to bring cash flow and additional resources to the Group. As at December 31st 2010, the E&P business unit holds 362 licences, 206 of which (57%) are operated. The reserves are 815 MBoe(2) and the total production is 51.2 Mboe (74% gas-26% oil).

(1) Million standard cubic feet per day
(2) Million barrels of oil equivalent

date.png28 Jul 2011 11:43 | comments.png 0 Comments | tags.png gdf-suez indonesia norway upstream [ More ]
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