Posts Tagged ‘Capital expenditure (CAPEX)’

BP deploys new EOR technology on UK Clair Ridge Development

BP low sality EOR to bring 6% additional oil recovery BP and its partners ConocoPhillips, Chevron and Shell presented at the British Science Festival in Aberdeen a new technology to significantly improve the enhanced oil recovery (EOR) technology by water injection. Based on the principle of low salinity water injection, […]

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Samsung wins Statoil Heidrun Floating Storage Unit

Statoil FSU to strengthen Heidrun oil loading system Statoil and its partners, Petoro, ConocoPhillips and Eni, in the Heidrun oil and gas field awarded a new permanent floating storage unit (FSU) to the South Korean engineering company Samsung Heavy Industry (Samsung). Heidrun is an oil and gas field located in the Norwegian […]

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“BOT”

Definition BOT is the acronym of Build-Own-Transfer or Build-Operate-Transfer. BOT is a business term which defines a specific three stages contract for greenfield projects. Comments Usually an end user willing to build a new plant from greenfield goes along the investment decision process until the final investment decision (FID). Assuming that […]

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