Endeavour Energy and Utilities

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Heads of Departments

Editor-in-Chief Carley Fallows editor@littlegatepublishing.com

Space Manager Emlyn Freeman emlynfreeman@littlegatepublishing.com

Editorial Manager Andrew Williams andrew@littlegatepublishing.com

Commercial Manager James Hamilton james@littlegatepublishing.com

Lead Designer Alina Sandu Research Kristina Palmer-Holt Editorial Research Amber Winterburn

Corporate Director Anthony Letchumaman anthonyl@littlegatepublishing.com

Founder and CEO Stephen Warman stevewarman@littlegatepublishing.com

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Editor’s Note

As a staple of everyday life, energy and utility bills are something we are all too familiar with. However, have you ever stopped to think about the ins and outs of how this energy is supplied to your home, to power your hot shower, or cook your Friday night dinner? Even the screen on which you are reading this, uses energy and utilities in many different forms. As such, the production of energy is really what makes the world go round, and permeates into not only our homes, but all aspects of our lives. Hence why industries surrounding energy and utilities are deserving of a publication due to the integrity of their use in the everyday world.

In this issue, we are particularly looking at regions like South Africa, Abu Dhabi, Dubai and many more successful locations. A common aim of all these businesses, however, is to develop the industry to become more sustainable. This is vital if we are to create a safer environment for future generations. Consequently, this is a key challenge that many energy companies are combatting, in a way that uses natural resources responsibly whilst still promoting growth.

Another key objective is to provide help to the local communities in which many of these companies operate. This is really nice to see, as it suggests a symbiotic relationship between the different companies and the people, adding some heart-warming stories to the wider narratives of success.

Seatrium Limited

With over 60 years of experience in the energy and marine design and construction sector, Seatrium Limited (Seatrium) delivers innovative engineering solutions that span across the development of offshore platforms, rigs, floating vessels, and specialised vessels, as well as in its delivery of repair, upgrading and conversion services. With these extensive solution offerings, Seatrium serves the maritime and oil and gas industries well, positioning itself as a premier global player offering solutions that are underpinned by the company’s commitment to high standards, safety, sustainability and performance. With such a pivotal reputation within the energy and maritime sectors, Seatrium is now a leading engineering company operating across the world.

The Seatrium we know today was formed when Sembcorp Marine and Keppel Offshore & Marine, two heavyweights in the engineering sector, came together to form a single group that would harness both companies’ extensive expertise and knowledge in the industry. Together, these companies hoped to deliver leading solutions that could better serve their customers and stakeholders by leveraging the synergies between the two companies. Thus, Seatrium was formed in 2023, delivering high-quality and high-performance engineering solutions that are purpose-built to meet its customers’ needs. This innovative approach ensures that Seatrium can continue to work with its clients to develop offshore and maritime solutions that meet their specific needs, enhancing global energy and maritime sectors, whilst solidifying Seatrium’s place as a leading engineering company across the world.

Today, Seatrium’s operations span across the world with the company operating shipyards, engineering centres and technology facilities in places such as Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, Saudi Arabia, and the United Arab Emirates, the United Kingdom and the United States of America. Across these hubs of operations, Seatrium is set on delivering vital solutions that explore new spaces, technologies and applications even under the most challenging of circumstances. With innovation at the heart of its development, Seatrium’s key business segments include oil and gas new builds and conversions, offshore renewables, repairs and upgrades, and new energies, with a growing focus on sustainability.

For the oil and gas sector, Seatrium delivers complex rigs and turnkey solutions, which are designed to harness the global network to deliver vital energy developments. Its products include the new builds and conversions for Floating Storage and Offloading (FSO) units, Floating Production and Storage (FPSO) Units, Floating Drilling, Production, Storage and Offloading (FDPSO) units, and Mobile Offshore Production Units (MOPUs). In addition to this, Seatrium also delivers gas terminals, Floating Liquefied Natural Gas (FLNG) units, Floating Storage Regasification Unit (FSRU) and Gravifloat solutions, as well as Offshore Oil and Gas Fixed Platforms.

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Seatrium has already shown its expertise in this field, with the development of Shell Vito RPF (Regional Production Facility), a deep-water floating production unit that is delivering oil and gas in the Gulf of Mexico. The unit was delivered in late 2021 and is a compact and efficient solution that incorporates advanced technology. Shell Vito RPF was one of the first of two new build FPUs Seatrium has delivered and will provide a great model for future compact, efficient FPU developments within the deep-water sector.

In July, Seatrium further cemented its place as a leading FPSO provider across the world with the delivery of PETROBRAS 78 (P-78) to Brazil’s national oil company, Petróleo Brasileiro S.A. (Petrobras). P-78 delivers a production capacity of 180,000 barrels of oil per day (bopd), 7.2 cubic metres (mcbm) of gas per day, and provides storage capacity for 2 million barrels of oil. The FPSO will be deployed across the Búzios Field, which is one of the most prolific oil and gas deposits offshore Brazil, providing essential oil and gas production for Brazil’s energy sector. P-78 ranks among the largest in the global operating fleet of FPSOs, highlighting Seatrium’s engineering expertise and innovation in delivering the vessel

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Delivering reliable cryogenic and marine solutions for the global LNG industry.

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SSBCSPL is the first Singapore company certified by Gaztransport & Technigaz (GTT) to conduct Global Testing for LNG membrane vessels. Supported by a skilled in-house engineering team and certified by GTT to perform testing in accordance with its methodologies, the company ensures the highest standards of safety and reliability.

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The company provides cryogenic bulk liquid supply and ISO tank leasing services, supporting industrial and marine operations with products such as LIN, LOX, LAR, CO2, Ethylene, Helium, Isopentane, Ammonia, Refrigerants and more.

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to support the energy sectors across the world. In fact, Seatrium has previously delivered FPUs, FPSOs, FSRUs, drill rigs and accommodation vessels to Brazil’s energy sector already, highlighting its robust relationship with the country as a leading engineering solution provider.

Another key sector of Seatrium’s business is focused on offshore renewables and delivering new energy. For this, the company delivers turnkey solutions including fixed platforms, offshore wind and new energy solutions that focus on being cost-effective and highly adaptable, whilst also meeting the highest of technical specifications for global clients. Seatrium delivers offshore wind farm fixed platforms, including High Voltage Direct Current (HVDC) converter stations, High Voltage Alternating Current (HVAC) substations and wind turbine foundations. In addition to this, Seatrium is also focused on delivering Wind Turbine Installation Vessels (WTIVs), Floating Offshore Wind Turbines (FOWTs) and Floating Wind-HVDC and HVAC stations. This focus on delivering engineering solutions for the offshore renewables and new energies sector highlights Seatrium’s commitment to delivering

designs that are helping customers across the world to meet their sustainability goals, and in the process, solidifying Seatrium’s role as a key provider of solutions that are designed with sustainability and emission reduction in mind.

Aside from its role in the offshore energy sector, Seatrium also provide specialised shipbuilding services to deliver high-performance specialised vessels that are designed with the global energy transition and decarbonisation in mind. These vessels are ‘future-proofed’ utilising Seatrium’s award-winning, high-performance and specialised expertise in vessel construction to deliver vessels that meet the highest of technical specifications for clients across the globe, both for today and for the future. However, alongside its development of new vessels, Seatrium is also passionate about repairing and upgrading existing vessels. For this, the company has developed strong relationships with its clients to repair, refurbish, retrofit and extend the life of existing vessels, including FPSOs, FSOs and FSU units. This focus on refurbishment and repairs to existing vessels helps to promote sustainability by utilising existing vessels rather

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than developing brand new ones. Ultimately, this helps to extend the lives of vessels already in operation or give them a new purpose to limit the necessity for new vessels to be made to support the planet, whilst saving its customers both money and resources.

In August, Seatrium signed a Letter of Intent (LOI) with Karpowership for the development of 4 New Generation Powerships, with the adoption of two additional units. Karpowership will deliver the hulls and key equipment for the powerships, where Seatrium will complete the bulk of the mechanical and electrical equipment integration, mechanical completion and pre-commissioning work. The agreement also outlines the conversion, life extension and repairs to three existing LNG carriers to deliver them as FSRUs. The LOI marks a milestone agreement between Seatrium and Karpowership and deepens the strategic partnership between the two towards delivering more sustainable, mobile and scalable energy solutions for the future.

Alvin Gan, Executive Vice President of Repairs and Upgrades at Seatrium, outlined the following announcement: “This LOI marks a pivotal step in our journey to build a global franchise in floating power infrastructure. Our successful collaboration with Karpowership goes beyond FSRU conversions – its about enabling energy access through innovative maritime platforms. With four FSRUs delivered, a fifth due later this months, and two more underway, we are proud to be a long-term trusted partner in delivering greener energy and sustainable solutions; through a variety of innovative solutions in new generation powerships, FLNGs, floating battery, floating data centres and water de-salination vessels. These projects demonstrate our engineering excellence

Engineering Excellence

and our commitment to supporting the energy transition”. Gan’s comments highlight just how valuable this LOI is in strengthening Seatrium’s position as a leading engineering and development company for the energy sector. By working with other leaders in the maritime construction and engineering sector, such as Karpowership, the two can leverage their expertise to deliver more sustainable, efficient and reliable power ships for the future of energy development.

Across Seatrium’s operations, there is a primary focus on delivering engineering expertise that

can harness the energy and maritime sector, whilst working to do this in the most sustainable way possible. With sustainability taken into consideration across every single development or redevelopment, Seatrium can play a valuable role in helping its customers deliver the vital resources needed for operations, whilst meeting global sustainability goals. With a plethora of projects and developments under the company’s belt, it’s no surprise that Seatrium is now a leader in the global offshore, marine and energy sectors, focused on engineering for the future.

Chevron Corporation Guyana

On a mission to provide affordable, reliable and ever-cleaner energy, Chevron Corporation (Chevron) is a leader in the global integrated energy market. Across its wide sphere of operations, Chevron delivers crude oil and natural gas, whilst manufacturing fuels, lubricants, petrochemicals and additives to support human progress. From this basis, Chevron has been carrying out vital energy projects across the world, with Guyana being one of the newest sites for the company’s development. Following key acquisitions, Chevron is now one of the largest acreage holders along the US Gulf Coast, delivering significant energy and economic development for Guyana in the process.

Chevron is focused on delivering energy infrastructure for the demands of today, whilst delivering reliable energy systems that can tackle the energy needs of tomorrow. To achieve this, Chevron focuses on sustainability and technology across its operations. Every project delivered by Chevron is designed to progress the energy sector, whilst reducing the greenhouse gas intensity of its operations through things such as energy efficiency, flaring reduction and methane management. Along with this, the company has made major progress towards the development of renewable fuels, especially for use in transportation. As part of this, Chevron produces bio-based diesels, renewable and compressed natural gas, renewable gasoline blend, sustainable aviation fuel and hydrogen. These help Chevron deliver a world where energy is accessible, but also build towards a lower-carbon energy future.

One of the central ways Chevron can deliver such a variety of renewable and energyefficient projects is thanks to the technology that underpins every operation carried out by the company. Through technology, Chevron can deliver the lower-carbon energy that the world needs, supported by scalable technological solutions. These solutions integrate artificial intelligence (AI) and advanced technology, which can be utilised to enhance the energy industry’s operations. One of the central ways AI can be used is for improving seismic imaging in deep-water breakthroughs, which can help Chevron to transform how it finds and produces oil and gas, backed by the data to support developments. These help to deliver a more resilient energy system for the future, where lower-carbon energy can be found, produced and delivered to market.

With oil and gas production making up a significant portion of its development, it’s no surprise that Chevron has major operations in some of the world’s most important oil and gas regions across the world. Many of which are producing significant crude oil and natural gas resources for the company. In Guyana specifically, Chevron has been making significant steps towards the development of oil and gas resources within the Stabroek Block. The block is known as one of the most prolific oil and gas-producing blocks on the globe. In fact,

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the block is estimated to hold 11 billion barrels of oil equivalent, making it one of the most significant oil discoveries made in recent decades. With the oil and gas reservoir located just off the coast of Guyana it has brought significant developments to the country, while helping to deliver it as home to one of the world’s fastest-growing economies.

The Stabroek Block was first discovered by ExxonMobil in 2015, who currently hold a 45% ownership, and is the operator of the block. The initial discovery was made in the Liza-1 Well, but in the last 10 years, development across the block has vastly expanded, with numerous subsequent discoveries having been made, highlighting the true potential of the region. Stabroek Block has remained under ExxonMobil’s operation, with Hess Corporation and CNNOC holding 30% and 25% ownership, respectively. Since its discovery, the Stabroek Block has transformed Guyana into a major oil-producing region, delivering significant direct and indirect jobs for those across the region to work or supply the development of the field.

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However, in July 2025, Chevron Corporation announced that it had completed the acquisition of Hess Corporation, which would see the two energy corporations join their world-class asset portfolios, people and capabilities. Thus, along with the acquisition of Hess Corporation, Chevron acquired the company’s 30% stake in the Stabroek Block, positioning Chevron in part ownership of the block alongside ExxonMobil and CNNOC. By combining two giants in the energy sector, Chevron now has one of the most differentiated energy portfolios in the industry, with operations spanning multiple critical energy markets around the world.

Following the acquisition, John Hess will now join Chevron’s Board of Directors, subject to the Board’s approval, to enhance the synergies between the two companies and offer his experience in the sector to Chevron. In the announcement of Chevron’s acquisition of Hess Corporation, Mike Wirth, Chevron’s Chairman and CEO, outlined that “the combination [of the two companies] enhances and extends our growth profile well into the next decade, which we believe will drive greater longterm value to shareholders.” Thus, following the acquisition, Chevron now has leading positions in energy markets around the world, delivering a high cash margin production profile with an expected

production volume of 4.31 million boe/d by 2030, which significantly enhances Chevron’s existing production as a standalone company.

The acquisition now positions Chevron as the largest acreage holder along the US Gulf Coast, with access to one of the world’s largest energy markets. However, even before the acquisition, Hess Corporation and Chevron had been partners in deepwater projects for many years, delivering vital energy resources to markets across the world. Thus, the two companies will now come together to deliver their vital oil and gas expertise to enhance Guyana as a new market for sustainable energy development for Chevron.

Ultimately, Chevron’s acquisition of Hess Corporation marks a significant milestone in the company’s entry into the Guyanese energy market. We can expect to see Chevron bring together its wealth of experience across its global portfolio, supported by the frameworks laid out by Hess Corporation, to deliver vital energy resources for Guyana. As Chevron now looks towards the future, with the wealth of expertise that Hess Corporation adds to its existing portfolio, we look forward to seeing how it will expand its role across the region to bring low-carbon energy to market, whilst delivering vital economic benefits for Guyana in the process.

BP South Africa

BP is a well-known name across the global energy market, with projects ranging from upstream exploration and production to downstream energy delivery. Throughout all its operations, BP is dedicated to providing innovative services and product excellence, earning it a reputation as a leading energy provider worldwide. In Africa, BP has spent over a century delivering essential oil and gas exploration, crude oil importation, and refining services. Once refined, these products are supplied as fuel through its retail outlets, ensuring smooth everyday operations. Specifically in South Africa, BP’s operations centre around the petroleum market, where it is now one of the region’s leading petroleum companies, driven by a commitment to deliver energy for today and the future.

In South Africa, BP operates over 500 branded service stations providing vital fuel and retail products. These stations include companyowned, company-leased, and dealer-owned sites, designed to offer convenient services through BP Express and Pick n Pay Express shops, along with its Wild Bean Cafes. BP also manages six fuel storage terminals: two are fully owned by BP Southern Africa, two are jointly owned in a 50/50 partnership with Sasol, and another is an equal joint venture with Shell. The last fuel storage terminal is owned in equal partnership between Astrong, BP Southern Africa, and Engen. Across South Africa’s downstream sector, BP is focused on providing fuel products for transportation, heating, and lighting, as well as lubricants to keep engines and industries running. The supply of these petrochemicals is crucial to South Africa’s daily operations, and by providing such products, BP continues to support energy access across the country.

Across its service stations, BP delivers its BP Ultimate fuel product, which features the company’s ACTIVE technology. This fuel product is the flagship fuel product under the BP South Africa brand, which focuses on engine performance and has earned it many accolades for its enhanced performance properties. Alongside fuel products, BP has its leading lubricant brand, Castrol, which is the world’s leading manufacturer and distributor of premium lubricating oils and related services to the automotive and industrial customers of South Africa. These products are vital for car manufacturing industries, and so BP supplies a broad range of lubricants designed for a vast range of operating conditions and environments.

In May, BP launched a new programme which would see a significant increase in its presence across South Africa. The programme would see 40 new service stations added to the company’s portfolio, whilst its existing locations would be upgraded to meet the current and future demands of its customers. To facilitate the delivery of these new stations and the logistics needed to do this, BP announced it has partnered with DP World and Makwande Supply & Distribution, who will help BP to outsource specialised logistics functions, in order to improve delivery efficiency and resilience across its locations in both urban and rural areas.

With the expansion of its service station locations, BP is making both its fuel products and its retail stores more accessible for those across the country. Service stations often provide essentials alongside their fuel offerings, which ensures that locals have access to a wide variety of goods, even when traditional shops may be closed. This customer-focused service delivery is further enhanced by BP’s expansion plans, which will also see electric vehicle chargers installed at many of its petrol stations. BP plans to make electric charging more readily available across South Africa, ensuring that customers can recharge or refuel their cars with BP. The electric vehicle industry is a key sector that will shape transportation for the future, with electric vehicles being widely adopted as a sustainable option in line with global emission reduction goals. Therefore, by providing recharging for electric vehicles across more of its locations, BP can remain a leading fuel brand delivering the vital resources and services meeting the demands of its customers every day.

In line with the expansion of its service station with electric vehicle charging points, BP is continuing to expand its retail locations, with many of them now including family-friendly rest areas, readily available Wi-Fi, and a range of retail offerings.

Future Focused Energy

This necessity comes as customers will spend more time at the refuelling stations whilst waiting for their electric vehicles to charge. Therefore, with a more developed retail and rest area, customers are further incentivised to use BP’s electric vehicle charging points as they are designed to suit its customers’ needs. For BP, its integration of electric charging into its service stations in South Africa moves the country towards its wider African strategy to prioritise inclusive growth and investment into key infrastructure that will pioneer the future of sustainable energy development.

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This focus on the future through infrastructural development and sustainable practices has allowed BP to remain a leader in South Africa’s energy sector. In fact, in 2024, BP celebrated 100 years of operation in South Africa, with the celebration focused on ‘Reimaging Energy for the Future’. This goal allowed BP, along with industry leaders, to explore the pivotal themes and challenges facing the energy sector both in South Africa and on a wider scale in order to deliver solutions that meet the needs of today, whilst protecting the world of the future.

In the announcement of the anniversary, Taelo Mojapelo, CEO of BP in South Africa, highlighted that “Today the global and South African energy landscape faces new demand, including the move to a lower carbon world, changing consumer needs, increased competition in fuel retailing, and the imperative to have greater diversity in the workforce. These changes present us with new

opportunities, and we are responding by prioritising the optimisation of our supply model, focusing on high grading our forecourt and convenience portfolio as well as emphasising diversity, equity and inclusion in everything we do”. Mojapelo’s comments here highlight the vital role BP has long played and will continue to play in developing South Africa’s energy market to protect energy delivery and move towards the infrastructure, as we have seen with the EV charging development, needed for the future of energy development.

Across BP South Africa’s operation, there is a keen focus on delivering fuels and lubricants via its retail locations that keep daily life running smoothly, whilst working towards the future of energy development. For South Africa, the development of infrastructure is fundamental to BP’s role across the downstream petroleum market. From its delivery of new locations and the expansion of its existing ones, BP is working to expand its role across the country and deliver its vital fuel, lubricants and retail products to support customers across South Africa every day.

TotalEnergies E&P

TotalEnergies has long played a valuable role across the African energy sector, with operations spanning the whole value chain of oil and gas development. TotalEnergies has been serving the Nigerian hydrocarbon sector for over a century, working alongside the Government of Nigeria, as well as various private companies and associations across the country. With a wealth of oil deposits across the country, Nigeria today is one of the largest oil producers in Africa and so contributes significantly to TotalEnergies’ total hydrocarbon production. Today, the bulk of TotalEnergies’ operations centres around upstream exploration and production, through its subsidiary TotalEnergies EP Nigeria Limited (TEPNG). Across TEPNG’s operations, the company is committed to delivering vital oil resources while working with local communities to deliver socioeconomic development for the country.

Since 1962, TEPNG has been leading the exploration and production of Nigeria’s upstream sector. Working alongside the Nigerian Government, the Nigerian National Petroleum Corporation (NNPC) and several indigenous companies, TEPNG is set on developing the country’s hydrocarbon industry. Today, TEPNG holds a 40% interest in the NNPC/TEPNG Joint Venture, which has been producing oil and natural gas from multiple onshore and shallow water concessions across the country. Many of these ventures span the West Delta Basin, a prolific hydrocarbon province, delivering significant oil and gas resources for the country.

One of the most significant oil fields offshore Nigeria is the Egina field (OML 130), which was first discovered in 2003. The oil field, located 150km off the Nigerian coast, is located at depths of 1,400-1,700m and is owned in partnership between TEPNG as the operator, and NNPC, CNNOC, SAPETRO and Prime 130. The Egina field encompasses 44 subsea wells, which are connected to a Floating Production Storage and Offloading (FPSO) vessel, which has the capacity to hold up to 2.3 million barrels of oil. The FPSO is one of the largest of its type built by TotalEnergies and helps the field to produce 200,000 barrels of oil per day, accounting for close to 10% of Nigeria’s total oil production.

Over the years, the Egina field has seen vital infrastructural developments under TEPNG to help it continue to meet oil and gas demands. However, one of the most exciting developments for Egina was announced in 2019 when the oil field achieved net-zero routine flaring across the development. The field was able to achieve this thanks to the gas compression system installed at the field, which allowed it to become the first oil project in Nigeria to reach this milestone of zero routine flaring. This significant step highlights TotalEnergies’ commitment to cutting emissions to deliver a more sustainable energy sector. In fact, Nigeria was one of the first countries where TotalEnergies led projects to detect and measure the methane emissions of its oil and gas facilities, utilising its cutting-edge AUSEA technology. This technology, made available through NNPC through a corporation agreement in 2023, ensures that TEPNG can routinely monitor the emissions from its projects to help mitigate and limit the impact of its operations on global warming.

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A key example of TotalEnergies’ focus on delivering projects with low emissions was seen when TEPNG announced that it had begun production at the Akpo West site within the PML2 license. Akpo was the first deep offshore project operated by TEPNG in Nigeria, and when it began production in 2009, it had a production plateau of 180,000 barrels of condensate per day with a storage capacity of 2 million barrels of stabilised liquid hydrocarbon. However, in 2024, new developments began across the Akpo field, with the Akpo West deposit being tied back to the existing Akpo FPSO facility. The integration of Akpo West into the existing facilities added 14,000 barrels of condensate production per day and is expected to see up to 4 million cubic metres of gas per day by 2028. By leveraging the development with the existing infrastructure, TEPNG is able to keep costs low and, in the process, limit its emissions. This development highlights that by working with CNOOC (45% interest), Sapetro (15%), Prime 130 (16%) and the Nigerian National Petroleum Company Ltd on the PML2 project, TotalEnergies (24%) is utilising the expertise and experience of the partnership to bring key condensate production to Nigeria, whilst working towards its strategy to deliver low emission and low cost operations that can deliver significant gas potential to the region in the process.

Another key license for TEPNG is the OML 58 license, a mature onshore field located in the Niger Delta. The field has a production capacity of 60,000 barrels of oil per day. TEPNG operates the OML58 onshore licence with a 40% interest and is developed under the Ubeta Gas Development in partnership with NNPC, who hold a 60% interest. Estimated to be a $550 million investment, the development is set to begin production in 2027 and is designed to deliver a production lifespan of 20 years. The Ubeta Gas Field development project will

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TotalEnergies E&P Nigeria

see engineering design, construction, drilling, and commissioning of a six-well gas production cluster; the Ubeta Production Cluster (UPC). The project will deliver a stable gas supply for the operations of Nigeria Liquefied Natural Gas, a liquefied natural gas facility situated on Bonny Island, which is undergoing an expansion to increase its capacity from 22 to 30 million tonnes per annum. The drilling campaign is expected to span 1.5 years and is expected to begin operations in the second quarter of 2026, with a single rig deployed to develop the 6 wells.

As TotalEnergies expands its portfolio across Nigeria, the company announced in September that it had been awarded Two Offshore Exploration Permits following the 2024 Exploration Round, as organised by the Nigerian Upstream Petroleum Regulatory Commission. TotalEnergies will hold an 80% ownership of the PPL 200 and PPL2001 exploration licences, in partnership with South Atlantic Petroleum, which will hold a 20% ownership. Development across the licenses, which sit within the West Delta Basin, includes a drilling program for one exploration well. Announcing the awarding of the permit, Kevin McLachlan, Senior VicePresident of Exploration at TotalEnergies, outlines that “TotalEnergies is honoured to be the first international company to be awarded exploration licences in a bid round in Nigeria in more than

a decade, marking a new milestone in our longterm partnership with the country”. McLachlan continues, “These promising block captures are fully aligned with our strategy of strengthening our Exploration portfolio with drill-ready and highimpact prospects, that have the potential for lowcost and low-emissions development from new discoveries in our core areas of expertise”.

McLachlan’s comments highlight the valuable and future-focused developments that TotalEnergies, and especially TEPNG, is all about. TPENG is committed to delivering vital energy resources in a low-cost and low-emissions way that will enhance Nigeria’s energy sector and leverage its expertise in the offshore sector to deliver significant benefits for the country in the process. By doing so, TEPNG can strengthen its role across Nigeria’s energy sector, and in the process highlighting its role as a leading energy company operating across Africa.

This announcement follows TotalEnergies’ divestment of its non-operated assets in the Bonga Field in May 2025. The agreement outlines that TotalEnergies would sell its 12.5% non-operated interest in the field to Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) for $510 million. The OML 118 license is currently operated with a 55% interest, in partnership with Esso Exploration and Production Nigeria (20%), TEPNG (12.5%) and Nigerian

Agip Exploration (12.5%). The Bonga Field, located within the Niger Delta, began production in 2005 and has seen significant development within the Bonga North field in 2024. The agreement for TotalEnergies to divest its non-operated assets in the field was commented on by Nicolas Terras, President of Exploration and Production at TotalEnergies, who said, “TotalEnergies continues to actively highgrade its Upstream portfolio, to focus on assets with low technical costs and low emissions, and to lower its cash breakeven”. Terras continues, “In Nigeria, the Company is focused on its operated gas and offshore oil assets and is currently progressing the development of the Ubeta project, designed to sustain gas supply to Nigeria LNG”. Terras’ comments highlight TotalEnergies’ vital move to solidify its place within Nigeria’s energy sector by focusing on its operated assets and sustainable energy delivery options for the future of the country’s energy development.

Across TEPNG’s operation in Nigeria, there is a keen focus on developing vital oil and gas deposits that can develop alongside existing infrastructure to keep costs low. However, one of the key aspects of all of its developments is delivering its projects with low emissions in mind, to protect the sector both now and for the future. With the recent expansion of TotalEnergies’ role across Nigeria, the company continues to solidify its place as a leader in Nigeria’s energy sector, set on delivering vital hydrocarbons for the future, whilst protecting the people and planet of today.

With a portfolio of energy projects spanning across the world, Shell is today recognised for its expertise, knowledge, and proven deep-water technologies, which it utilises to unlock new resources to deliver safe and efficient energy for the globe. It is this deep knowledge of the world’s energy sector that began Shell’s deep-water development era in the Gulf of Mexico (also known as the Gulf of America) more than 40 years ago. Today, Shell is the leading deep-water oil and gas producer in the Gulf of Mexico, playing a critical role in delivering deep-water projects that are powering progress across the region.

Shell’s operations in the Gulf of Mexico began when a team of engineers, scientists and explorers came together to reimagine the future of the region’s offshore oil and gas production. The first platform developed was the Cognac Platform in 1978, which exemplified Shell’s expertise in the deep-water development field as it was the first company to produce resources at water depths of 1000 feet (ft). From the establishment of this platform, it was clear that Shell was to be a leading player in the Gulf of Mexico’s development.

Over the years, Shell has continued to invest in profitable and carbon-competitive oil and gas projects achieved through its exceptional technological milestones across the design, construction, and operation of world-class oil and gas producing assets operating at water depths. It is Shell’s innovative approach to deep-water development, often using standardised designs, which has allowed it to remain so competitive. By standardising its operations, Shell can reduce costs and provide quicker returns, and in turn, Shell’s production across the Gulf of Mexico now ranks among the lowest greenhouse gas (GHG)

THE PROSERV DIFFERENCE

FOCUSED ON ENERGY’S FUTURE

The energy landscape is evolving. Operators need partners who can keep pace, leading the way through transition.

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Powering Progress: How Proserv’s Innovative Controls Transform Energy Operations Across North America and the Gulf of Mexico

In a region defined by dynamic offshore and onshore energy activity, Proserv is charting a bold trajectory, driving operational excellence across North America and the Gulf of Mexico with cutting-edge controls technology. Whether safeguarding subsea wells or optimizing ageing infrastructure, Proserv’s solutions are built on decades of heritage, sharpened by a relentless focus on reliability, integrity, efficiency, and productivity.

At the heart of Proserv’s success lies its status as a trusted partner to industry giants like Shell. In the Shell Arran greenfield development, Proserv delivered a high-data-capacity subsea control system that supported real-time well monitoring. This sophisticated, cost-effective alternative to expensive fiber optics not only met Shell’s performance requirements, on time and within budget, reinforcing Proserv’s reputation for ingenuity and cost-efficient excellence.

But Proserv’s impact goes beyond individual projects. Through a powerful blend of hardware control systems, condition-based monitoring,

and advanced analytics, the company offers lifecycle-spanning solutions from initial deployment and performance optimization to legacy asset extension. This full-spectrum approach reflects Proserv’s deep engineering, manufacturing, and field service expertise and underscores its ability to integrate seamlessly into any existing infrastructure, at scale.

Central to this success is Proserv’s people: passionate, forward-thinking technologists with roots in decades of industry leadership. Their commitment to customer success, combined with a heritage of performance and service distinction, defines the Proserv promise: delivering lasting value, wherever energy operates.

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intensity in the world for the production of oil. It is this focus on decarbonisation alongside its project delivery that has set Shell up to deliver vital energy resources across the Gulf region, supported by innovation, research, and development focused on delivering energy now and for the future.

As the largest operator in the Gulf of Mexico, Shell operates world-class oil and gas projects, including one of the world’s deepest offshore drilling and production facilities, the Perdido Platform. The platform operates at water depths up to 2,450 metres, highlighting Shell’s ability to deliver ultra-deep-water exploration at such depths. Perdido began production in 2010, and at its peak and can produce up to 125,000 barrels of oil equivalent per day (boepd). The platform is operated by Shell, who hold a 35% working interest, with joint venture partners of Chevron (37.5%) and BP (27.5%). The platform acts as a hub and enables the development of the Great White, Tobago, and Silvertip fields, extracting oil from 35 subsea wells.

However, in recent years, Shell has been developing new and innovative platforms, which are focused on decarbonising its deep-water operations. One of the most notable recent developments for this is the Vito Platform, located 150 miles from New Orleans. The Vito Platform has brought a new era for Shell’s offshore production across the Gulf, with the platform designed to be much smaller and more compact than a typical offshore platform. With Vito being roughly 70% of the size of the platforms we typically see for offshore oil and gas production, the platform provides Shell with a more environmentally friendly development for energy production as it requires less steel, cables, space and power to operate. Therefore, Vito greatly reduces the impact of the development and operation of the platform on the environment. To further enhance its sustainability, Vito is expected to see a reduction in its estimated electrical power load consumption across the platform, whilst also delivering more efficient waste heat recovery units. The platform will have optimised turbines to better fit the required load demand needed to operate the smaller Vito. Production began at Vito in February 2023 and now serves as a clear blueprint for Shell to deliver deep-

Innovative Deep-Water Development

water projects across the Gulf of Mexico to help improve its platform delivery and development to be both economically and environmentally enhanced.

Building on the success of Vito, Shell began work on the Whale Platform, the second of three planned oil and gas platforms, which will feature a similar compact size to the Vito Platform. In contrast to many platforms along the Gulf of Mexico, Whale is roughly only a 6th of the size of the tallest offshore platform in the world. The Whale platform has been designed as a close replica of Vito, but the platform is built to withstand 30-metre waves that often occur during hurricane season. The platform was installed in February 2024, located within the Whale oil and gas fields at a depth of 2,600 metres. The platform is operated by Shell Offshore Inc., a subsidiary of Shell Plc, who have a 60% interest in the platform, alongside Chevron (40%).

In January, Shell Offshore Inc. announced that production had commenced from the Whale Platform. The platform is estimated to have a peak production capacity of 100,000 boepd, with an estimated recoverable resource volume of 480 million barrels of oil (boe). Announcing the start of production from Whale was Zoë Yujnovich, Shell’s

Integrated Gas and Upstream Director, outlined that “Whale demonstrates our focus on driving more value with less emissions from our Upstream business as we deliver the energy people need today. Yujnovich continues, “It [Whale] will make a significant contribution to our commitment to bring projects online, with a total peak production of more than 500,00 barrels of oil equivalent per day from 2023 through 2025”. With a significant production capacity expected from Whale over the coming years, this highlights the leading role Shell is playing in developing energy developments across the Gulf of Mexico.

However, with the Whale Platform replicating 99% of the hull design and 80% of the topside from Vito, Whale enhances Shell’s deep-water development, where its oil production has among the lowest GHG intensity in the world. Whale features energyefficient gas turbines and compression systems, which operate with 30% lower GHG intensity over its lifecycle compared to Vito. This development exemplifies Shell’s continual movement towards decarbonising its deep-water operations and ensuring that with every new development, it is building upon this goal.

Across its platforms in the Gulf of Mexico, Shell is proactively managing the greenhouse gas intensity of its deep-water operation through innovative

project design, efficient operations, and strategic handling of late-life assets. In fact, Shell has achieved a 40% reduction in methane emissions in the Gulf of Mexico since 2016, and in 2023, Shell’s Gulf of Mexico emissions were 5% below its planned target, with intensity levels 9% below expectations. This continual movement towards decarbonisation is underpinned by Shell’s constant investment in research and development through collaboration with more than 25 universities and research centres. This research helps Shell to continually develop its project construction, development and delivery to ensure that each platform or energy development is working towards the global company’s long-term investment towards profitable and carbon competitive oil and gas projects across the Gulf of Mexico.

Across the Gulf of Mexico, Shell is playing a leading role in developing vital platforms that are enhancing the region’s vital oil and gas deposits to bring this energy to market. However, their primary focus throughout this is to deliver energy projects that optimise its research, development and expertise to deliver energy resources in a sustainable way. With compact and energy advanced platforms such as Vito and Whale, Shell is delivering vital energy with a low GHG emission intensity that helps deliver the energy needed today, whilst protecting the planet for the future.

FUELLING A GREEN FUTURE

Paria Fuel Trading Company Limited, is transforming the Caribbean’s energy landscape.

As a key supplier of refined petroleum products and a pioneer in sustainable energy, Paria is dedicated to balancing business success with environmental responsibility.

CORE OPERATIONS:

Trading 45,000 barrels of petroleum products daily, including motor gasoline, kerosene, gas oil, and fuel oil.

Extensive distribution network serving local, regional, and international markets. Also supplying HVO starting early 2025

ENVIRONMENTAL LEADERSHIP:

Committed to sustainability with initiatives like distributing 100,000 seedlings to schools and reducing carbon emissions through employee workshops.

Proud recipient of the International Sustainability and Carbon Certification (ISCC), aligning with European environmental standards and exploring low-carbon marine fuels.

INNOVATIVE METHANOL BUNKERING:

Paria recently achieved a historic milestone in Caribbean energy by launching methanol bunkering services, positioning Trinidad and Tobago as a regional low-carbon bunkering hub by 2026.

Looking Forward, Paria is not only powering today but investing in a sustainable future. With a focus on green energy solutions and community impact.

Paria is shaping a cleaner, more sustainable energy future for the Caribbean.

Marathon Petroleum Corporation

Operating the nation’s largest refining system, Marathon Petroleum Company (MPC) is a leading, integrated downstream and midstream energy company providing energy resources to the United States of America (USA) from its headquarters in Findlay, Ohio. From its branded locations across the country (including its retail outlets), to its role in its midstream company that owns and operates processing and fractional assets, to its crude oil and light product transportation and logistics infrastructure, MPC is a powerhouse in the downstream and midstream energy sector.

MPC’s operations began almost 140 years ago, when several small oil companies across Ohio banded together to form The Ohio Company. From this company, Marathon Petroleum has grown with the development of new gas stations and the introduction of refining processes. By continuing to evolve and innovate, MPC is now proud of the role it plays in helping meet the world’s growing energy needs, while steadfastly adhering to the values of safety, environmental stewardship, integrity, inclusion, collaboration, and excellence that it places at the heart of every operation it undertakes.

The best place to start when examining MPC is its refining operations, which comprise a significant portion of its activities. MPC has 13 refineries spanning 12 states of the USA, which collectively deliver around 3 million barrels per calendar day (bpcd) of crude oil refining capacity. With such a vast network, it’s no surprise that MPC operates the nation’s largest refining system, with each refinery integrated with the others via pipelines, terminals, and barges to maximise the operating efficiency of each one. MPC’s refineries are integrated with its midstream assets to maximise its operating efficiency, and through its Midstream business, which provides the transportation links that connect its refineries and allow the movement of intermediate products between refineries, MPC can optimise its operations and produce higher margins.

The largest refinery facility operated by MPC is the Garyville Refinery in Louisiana, which is one of the largest refineries in the USA, located along the Mississippi River between New Orleans and Baton Rouge. The facility has a crude oil capacity of 606,000 bpcd and is configured to process a wide variety of crude oils into gasoline, distillates, natural gas liquids and petrochemicals, heavy fuel oil, asphalt and propane. The facility underwent a vital expansion project in 2019, which significantly increased its capacity, which in turn positioned the Garyville Refinery as one of the largest refineries in the USA. Products from the refinery are transported by pipeline, barge, transport truck, rail and ocean tanker. With access to vital export markets and multiple options for selling refined products, the refinery is a vital facility under MPC’s operation.

Another significant refinery for MPC is its Los Angeles Refinery in California, which is the largest refinery on the West Coast and a major producer for the clean fuel market. The refinery is located near the Los Angeles Harbour and has a crude oil capacity of 365,000 bpcd. The Los Angeles Refinery is a major producer of clean fuels, producing heavy crudes from California’s San Joaquin Valley and Los Angeles Basin, as well as crudes from the Alaska North Slope, South America, West Africa and other international sources. In terms of clean fuel, the Los Angeles refinery manufacturer produces cleanerburning California Air Resources Board (CARB) gasoline and CARB diesel fuel. CARB is focused on improving air quality and reducing greenhouse gas emissions through regulations on gasoline, and so the Los Angeles Refinery produces gasoline to these standards, highlighting its role in developing clean energy. In addition to this, the refinery also produces conventional gasoline, distillates, natural gas liquids and petrochemicals, heavy fuel oil and propane. These products are shipped via the refineries connected distribution pipelines and terminals, and are connected to the Watson Cogeneration Plant, which produces 400 megawatts and is the largest cogeneration facility in California.

Marathon Petroleum Corporation

The Los Angeles and Garyville refineries add to MPC’s portfolio of 13 refineries across the USA, which are on a mission to deliver vital crude oil products to market, underpinned by a commitment to doing so with sustainability in mind. This focus on sustainable energy delivery is something that remains a priority for MPC throughout its operations, so much so that the company has 5 renewable fuel and feedstock facilities in operation, which collectively produced 600 million gallons of renewable fuels in 2024, with 2.8 billion gallons of traditional fuels delivered in the same period. This section of MPC is committed to meeting the energy demand of the world, whilst lowering the carbon intensity of its operations and the products it manufactures.

Across MPC’s renewable fuels portfolio is the Dickinson Renewable Diesel Facility, located in North Dakota. The facility delivers renewable diesel and naphtha fuel, with a capacity for 184 million gallons per year. The facility became fully operational in 2021 and is now the second-largest facility of its kind in the USA. Other facilities include the Martinez Renewables, Cincinnati Aggregation Facility, Beatrice Pretreatment Facility, Green Bison Soy Processing Facility and LF Bioenergy. These all provide vital renewables for MPC’s portfolio. One of the most exciting ones is LP Bioenergy, which is focused on

developing a portfolio of renewable natural gas (RNG) production facilities on US dairy farms. MPC holds a 49.9% equity interest in LF Bioenergy, and the portfolio’s planned production has the potential to reach over 6,500 MMBtu (million British Thermal Units) per day by the end of 2026. Interest acquisition was announced in 2023, as part of an agreement that included the potential for additional investment.

To fully appreciate the scope of MPC’s midstream business operations, we must look to MPLX LP, which covers the bulk of the company’s operations in this segment. MPLX is MPC’s sponsored master limited partnership, which gathers, transports, stores and distributes the company’s crude oil, refined products (including renewable diesel), and other hydrocarbon-cased production through its regaining logistics assets, pipelines, terminals, towboats, and barges. MPLX gathers, processes and transports the natural gas, whilst also transporting, fractionating, storing and marketing natural gas liquids. Utilising its assets, MPLX includes a network of crude oil and refined product pipelines, an inland marine business, light-product terminals, storage caverns, refinery tanks, docks, loading racks and associated piping, as well as crude and lightproduct marine terminals. With the ownership of many crude oil and natural gas gathering systems and pipelines, as well as natural gas and natural gas liquid processing and fractionation facilities in key US Basins, the subsidiary plays a vital role in supporting the development and delivery of MPC’s crude oil and associated products delivery from its refineries and across to end markets.

Turning to MPC’s downstream operations, the company has two key brands under the MPC name, with Marathon and ARCO-branded locations. These locations include Marathon-branded gas stations, where customers can purchase Marathon-branded gasoline, which is available across retail outlets in the USA. Each station is primarily owned and operated by independent entrepreneurs, and each location offers a range of services, including convenience store products, car washes, and co-branded food products. The other branded locations are the ARCO Gas stations. ARCO has been the leading gasoline provider in the USA for more than 50 years, with its primary locations focused along the West Coast and Upper Midwest, with stations also located in Mexico. The stations offer quality TOP TIER™ gasoline, which exceeds EPA standards to help improve engine performance, efficiency, and cleanliness. Across these service

stations, MPC is providing vital gasoline to the public to help power the daily lives of those across the country. Thus, highlighting MPC’s integrated role across the energy sector.

MPC plays a valuable role across the energy sector of the USA, with both vital refineries and a plethora of retail locations across the country that are delivering a significant amount of crude oil products across the nation. With every aspect of its operations closely intertwined from its refining to its midstream infrastructure and logistics development, and then to its retail outlets and end customer delivery of petrochemical products, MPC maintains an efficient and leading role as an integrated downstream and midstream energy company. However, across these operations, there is always a focus on sustainability and the community. By ensuring that its projects are delivering a better world for all, especially through the development of renewable energy, MPC continues to drive towards a future where energy accessibility continues to evolve and innovate to meet the demands of the population and the planet.

TotalEnergies is a leader in the global energy sector, as a multi-energy company set on delivering affordable, accessible, and sustainable energy across its 130 countries of operation. With the global demand for energy continuing to rise, TotalEnergies is delivering energy projects that can deliver the vital resources needed for today, whilst doing so in a way that protects the energy resources of the future. TotalEnergies achieves this through close work with the local communities in which it operates to ensure that every development across its energy portfolio is towards one cohesive goal. In recent years, we’ve seen TotalEnergies’ operations expand rapidly across Africa, utilising the rich deposits across the coast of the continent to deliver energy resources to its respective countries. One project that has been of particular interest is TotalEnergies Tilenga Project within Uganda, which is delivering significant oil for the country and neighbouring markets.

TotalEnergies has been operating in Uganda for 70 years, with its operations today spanning from downstream petrol and retail locations to upstream activities in offshore development. Its initial role in Uganda was via TotalEnergies Marketing Uganda Ltd, the marketing and services subsidiary of the global operation in the country. Across this division, TotalEnergies operates more than 200 stations countrywide, positioning the company as the leading downstream retailer for the country. However, as TotalEnergies’ role in Uganda has continued to expand, it began operations within the upstream development, with its operations falling under TotalEnergies E&P Uganda. It was this upstream affiliate which began work offshore and is now home to two of Uganda’s most vital oil projects: Tilenga and EACOP.

TotalEnergies E&P Uganda is part of a joint venture partnership with CNNOC Uganda and the Uganda National Oil Company (UNOC). TotalEnergies holds 56.67% interest in the subsidiary, with CNNOC and UNOC holding 28.33% and 15% respectively. The central purpose of the joint venture is to oversee and develop the upstream sector of Uganda, making the most of the deposits in Lake Albert. The most notable development across this region is the Tilenga project, which spans 6 fields of operations, including the districts of Bulisa and Nwoya. Across these fields, TotalEnergies E&P Uganda are drilling 400 wells across 31 well pads. At peak production, the project is expected to deliver 190,000 barrels of oil per day (bopd), delivering significant oil development for Uganda.

TotalEnergies E&P Uganda

The Tilenga project is being developed with TotalEnergies’ commitment to limit social, environmental and biodiversity impacts in mind. In fact, Phillippe Groueix, Country Chair of TotalEnergies Uganda and the General Manager of TotalEnergies EP Uganda, outlined on the company’s website that as a company, “we are proud to be part of Uganda’s energy journey by supporting the development of not only oil and gas resources but also renewables in line with our multi-energy ambition. Our ambition is anchored on our desire to achieve together with society net zero emissions by 2050 and to foster sustainable development in the countries where we operate”. Grouiex’s comments highlight how TotalEnergies E&P Uganda’s projects are founded on a commitment to deliver vital energy resources but in the most sustainable way possible, whilst supporting the local communities in which they operate at every step.

Oil produced from the Tilega project will then be transported via the East African Crude Oil Pipeline (EACOP), the second of TotalEnergies E&P Uganda’s key developments in the upstream energy market. EACOP is operated by EACOP Ltd., and shareholder TotalEnergies East African Midstream with a 63% share, whilst UNOC (15%), CNOOC (8%) and the Tanzania Petroleum Development Corporation

UGANDA

PETROLEUM INSTITUTE KIGUMBA

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(TPDC) (15%) hold the remaining shares. EACOP is vital for Tanzania, as it will connect the oil developed from Tilenga to the country via the pipeline and to the Port of Tanga in Tanzania, where the oil reserves will be stored in a terminal, and then loaded onto a jetty and distributed to end markets. The pipeline connects directly with the central processing facility, flow lines, lake water abstraction facility, and feeder lines, as well as to construction camps and support bases.

Both the Tilenga Project and EACOP are vital to the local community surrounding the developments as they provide close to 80,000 jobs, with at least 11,000 of these being direct jobs given to the local community. Therefore, through the development of both projects under TotalEnergies, the company remains committed to ensuring that its operations support the local community on both a social and economic level. This approach, which centres its employees, is further reflected in TotalEnergies E&P Uganda’s commitment to safety, where the company continues to foster a culture of safety and responsibility across its operations. In fact, in 2023, the Tilenga project announced it had reached a new milestone of 20 million man-hours achieved without lost time accidents. With the announcement of this milestone, it is clear that throughout all operations

Sustainable Energy Development

TRAINING PROGRAMMES

The Institute offers both National Diploma Programmes and International Vocational Qualifications (IVQ). The National Diploma Programmes are accredited by the National Council for Higher Education while the IVQs lead to Certifications awarded by various International Assessment bodies including:

Offshore Petroleum Training Organisation (OPITO), City & Guilds, Engineering Construction Industry Training Board and American Welding Society

We currently offer the following programmes:

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Coded Welding up to 6G

Scaffolding Work at Heights

Environmental Awareness Rigging

TotalEnergies E&P Uganda

RESOURCE. PERFORMANCE. SAFETY

under TotalEnergies in Uganda, the company remains committed to ensuring that safety is a central pillar of its operations.

For TotalEnergies E&P Uganda, it has relentlessly worked to build a culture across its more than 8,000 employees and contractors where risk mitigation and safety are paramount for all operations. This sentiment was reiterated by Groueix, TotalEnergies E&P Uganda General Manager, in the announcement, that “At TotalEnergies, safety is the cornerstone of the company’s values because at the end of the day, a company that is not safe is not sustainable. We are therefore uncompromising when it comes to safety”. Groueix continues, “This achievement of this milestone reflects our collective commitment towards delivering this complex and large-scale project without accidents and puts us well on our way towards becoming one of the best performing TotalEnergies affiliates in safety”. This commitment to safety remains such a vital priority for TotalEnergies E&P Uganda and is evident across the company’s organisation structure, filtering down to the stakeholders and suppliers that help maintain this vital level of safety across its operations.

Across TotalEnergies E&P Uganda’s operations, there is a keen focus to bring the vital energy resources needed to power everyday lives across

the country and the surrounding region, whilst also working to support health and safety across its operations. From Tilenga to ECAOP, TotalEnergies is consistently bringing and developing vital resources for Uganda’s energy sector, and in the process, strengthening Uganda’s position as a key energy provider across both neighbouring countries and the world. We look forward to seeing how Tilenga will continue to be developed with sustainability, safety and energy delivery in mind to support Uganda’s ongoing role as a leading energy supplier across the region.

Photo Credit Perenco

Perenco Brazil

As part of the global Perenco Group, Perenco Brazil brings together the expertise and know-how developed across the global company and utilises this in developing new and exciting offshore developments for Brazil. A key area for oil exploration offshore Brazil is within the Campos Basin, where the first well was drilled as early as 1971. For over 50 years, the field has seen vast exploration, and now, through Perenco Brazil, the company has begun vital production from the Pargo Cluster within the basin, now producing up to 20,000 barrels of oil per day. In delivering such vital oil production for Brazil, Perenco can achieve its central mission to deliver solutions that unlock stranded reserves whilst extending the economic life of the fields it works across. With this mission in mind, Perenco Brazil’s exploration of the Pargo Cluster is vital and looks to deliver valuable oil resources for Brazil.

Perenco Group currently operates across 14 countries worldwide, and across these locations, the company produces a gross total of 500,000 barrels of oil per day (boepd). In recent years, the company’s development in Brazil has been a key focus, especially following its acquisition of key oil fields from Petrobras in October 2019. However, Perenco Brazil, the Brazilian subsidiary of Perenco Group, has been operating in the country for many years, with the company awarded 5 deep water exploration licences in 2008 following a 9th round of licensing. The exploration block awarded to Perenco is held in partnership between the company and OGX and is located within the Espirito Santo Basin.

Whilst its other licences have been vital for Brazil’s energy development, it is the company’s acquisition of the Pargo Cluster from Petrobras in 2019 that has shaped Perenco’s current developments across Brazil. The Pargo Cluster is held 100% by Perenco and comprises a group of oil fields in the Campos Basin offshore Brazil, including the Pargo, Carapeba and Vermelho fields. The assets upon acquisition were mature developments and would require a revitalisation project to enhance their production. To achieve this, the Pargo Cluster Development Plan was developed and formally approved in 2021. The aim was to revitalise the oil fields across the Pargo Cluster and increase the production from these fields whilst extending their operational life.

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Perenco Brazil

DOF Brasil

DOF Brasil celebrates 25 years of expertise and commitment, delivering integrated offshore services across the energy sector.

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DOF supports key segments in the O&G and Renewables markets, including:

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As we celebrate this milestone anniversary, we look forward to continuing and expanding our successful journey.

One of the central revitalising projects of the Pargo Cluster Development plan was the installation of a Floating Storage and Offloading (FSO) vessel, FSO Pargo. The FSO Pargo project saw the conversion development of a double-hulled vessel, with a 750,000 barrel capacity, that would receive oil from the Pargo platform. The vessel received its first oil from the Pargo Cluster at the end of 2023 and is now anchored by 9 moorings, which connect to a new integrated turret system. The oil is passed through the 2.8km pipeline to connect the FSO with the platform. Currently, the Pargo Cluster produces around 20,000 barrels per day, which is a stark contrast to the production level at 2,800 barrels per day when Perenco took it over in 2019. Today, the development of FSO Pargo forms part of Perenco’s $400 million investment into the Pargo Cluster and provides essential oil production for the country.

Photo Credit Perenco

Upon the announcement of the first oil delivered to FSO Pargo in December 2023, Yves Postec, General Manager of Perenco Brazil, outlines that “FSO Pargo first oil represents a major landmark for the consolidation of Perenco’s long term strategy for the Pargo Cluster. It will be able Perenco Brazil to structure a new scheme for marketing of Pargo oil, one that reinforces the company’s independent and bold values. This project perfectly illustrated the Group capacity to innovate and execute independently. Perenco is very proud of this important milestone”. As we can see from Postec’s comments, the development of the FSO and the overall development of the Pargo Cluster is a valuable field that is delivering significant results for Brazil. Therefore, with the development of FSO Pargo and the continued revitalisation of the Pargo Cluster, Perenco’s operations in Brazil add to the company’s broader strategy to maximise production and extend the life of the assets within the cluster for many years to come.

SULNORTE

Brazilian Oil Exploration

However, Perenco has only continued to build on its operation in Brazil, and in April 2024, it acquired the Cherne and Barge oil field concessions. The acquisition deal is between Perenco Brazil and Petroleo Brasileiro S.A. (Petrobras) and will see the Cherne and Barge fields and two fixed platforms taken over. The platforms, PCH-1 and PCH-2, are located about 30km from the Pargo Cluster at water

Photo Credit Perenco

Perenco Brazil

depths of 120-140 meters and had previously been hibernated by Petrobas in early 2020 and scheduled for decommissioning. Upon the completion of the transaction this year, Perenco is set to implement a vast redevelopment project for these fields and, in turn, restart production. The Cherne and Barge fields are expected to reach a target production rate of 10,000-15,000 barrels of oil per day, whilst Perenco looks to unlock more than 50 million stock tank barrels (mmstb) of reserves. Once in production, these are hoped to be linked with the FSO Pargo to continue enhancing the oil fields of the Campos Basin via a new export pipeline.

Armel Simondin, Chief Executive Officer at Perenco, outlined, “The acquisition is a new milestone for the Perenco Group in Brazil. Since the takeover of the Pargo assets in 2019 at a rate of 2,800 bopd, we have increased production to over 20,000 bopd and successfully installed our own FSO. Perenco is proud to deploy its know-how to extend the life of these mature fields and grow our footprint in Brazil”. What we can see from Simondin’s

Photo Credit Perenco

comments is that Brazil remains a vital development for the company, and through its constant focus on enhancing existing assets, Perenco can achieve its central mission to unlock and develop existing reserves to extend the economic life of fields by leveraging its solutions and expertise to add value to the industry’s existing mature field challenges.

Across Perenco Brazil’s operations, you can really sense the company’s appetite and capacity to develop the mature assets of the oil industry, in order to maximise production and deliver assets for a much longer life cycle. By investing in mature fields across Brazil, Perenco Brazil has delivered vast oil production for the region and, in turn, delivered the Pargo Cluster as a resource for the future of Brazil’s oil industry. With its vital Pargo Development Plan to the more recent acquisition of further fields across the Campos Basin, Perenco Brazil is aligning itself as a leading energy company on a mission to deliver a fair energy industry that brings together its expertise and innovative global spirit into solutions to enhance Brazil’s energy industry for the future.

Brazilian Oil

Photo Credit Perenco
Photo Credit Perenco

Noble Drilling Guyana

As a dynamic leader in offshore energy development, Noble Corporation Plc has long facilitated innovative offshore drilling operations as a contractor for the oil and gas industry. The company’s central mission is to deliver vital drilling activities that can power the world responsibly, aiming to be the leading global driller for offshore energy projects. Therefore, Noble Drilling has positioned itself as the first choice for employees, customers and investors alike to facilitate drilling projects across the world. To achieve this, Noble boasts one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. This fleet is recognised for high quality and performance, and that is why it is one of the largest offshore drilling contractors in the world today.

Noble has been operating globally for over a century, beginning in 1921 with a single rig. From this initial vessel, Noble has continued to expand its fleet and now delivers vital drilling operations across both established and emerging energy regions worldwide. The company’s international growth has been driven by its central values to deliver the highest quality service and performance across its drilling operations. Most of Noble’s activities are conducted through its subsidiaries and contract drilling services. Across these, the company has a fleet of 25 offshore drilling units, including 12 drillships and semisubmersibles, and 13 jack-ups. These vessels are focused on delivering oil in ultra-deepwater and highspecification jack-up drilling projects worldwide.

A key place of Noble’s current drilling expansion is in Guyana, where its subsidiary Noble Drilling (Guyana) Inc. operates to deliver key drilling vessels to support the country’s oil field development. In Guyana, key oil developments are primarily located in the Stabroek Block, which is home to an expansive offshore oil and gas reservoir. The block is operated by energy giant ExxonMobil, in partnership with Hess and CNNOC. One of the most notable developments in the Stabroek Block is the Liza-1 development. The initial Liza-1 discovery was announced in 2015 by ExxonMobil and was the first significant oil find offshore Guyana. In 2020, Noble announced a drilling services agreement with ExxonMobil. The agreement outlines that Noble would facilitate the drilling services for ExxonMobil across the Liza-1 development within the Stabroek Block of the GuyanaSuriname Basin.

The agreement outlines that Noble will deliver ultra-deepwater drillships, which are already in operation in Guyana for ExxonMobil, and utilise them for delivering new drilling for the project. The vessels include the Noble Bob Douglas, Noble Tom Madden, Noble Sam Croft and Noble Don Taylor, which are Gusto P-1000 design ultra-deepwater drillships that can operate at depths of up to 12,000ft. The rigs, which commenced operation in 2013 and 2014, are equipped with the necessary advanced drilling system and subsea control technology to facilitate the drilling of ExxonMobil’s oil project across Liza-1 for Guyana.

Thus, the agreement signed between Noble and ExxonMobil is vital in helping to deliver valuable resources to Guyana’s energy sector. For this, Noble plays an important role as a leading drilling contractor, helping global energy giants such as ExxonMobil deliver vital drilling solutions for the future. The president, CEO and chairman of Noble in 2020 outlined that “The Guyana-Suriname basin stands as one of the world’s premier offshore exploration and development opportunities. Since establishing an operational presence offshore Guyana in March 2018 with the Noble Bob Douglas, we have continued to expand our footprint in the region”. The CEO’s comments highlight the pivotal and expansive role that Noble has continued to play across Guyana’s energy sector, as its drillships have long been used to deliver vital energy development projects for the benefit of the country’s energy delivery and economic growth.

Furthermore, Noble’s role across Guyana has only continued to expand, and in the months following its agreement with ExxonMobil, Noble announced it had extended its contract with

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ExxonMobil just 6 months after the announcement of the previous agreement. In October of 2020, Noble announced that its ultra-deepwater drillship, Noble Tom Madden, was awarded roughly 6.5 years of additional contract terms under the Commercial Enabling Agreement with ExxonMobil for work offshore Guyana. This agreement extends the existing agreement that was set to end in 2024 until 2030.

Upon the announcement of the contract extension, the CEO of Noble outlined that “We are extremely pleased to further our relationship with ExxonMobil and their partners offshore Guyana. This award demonstrates the capability of the Commercial Enabling Agreement to align the interests of Noble and ExxonMobil while continuing our participation in one of the world’s premier offshore exploration and development opportunities and supports additional investment by Noble in local content”. The CEO’s comments here exemplify how pivotal Noble remains in bringing such valuable resources to market, thanks to its modern fleet of drillships.

Enhancing Global Energy Development

However, Noble’s role alongside ExxonMobil doesn’t end there, as ExxonMobil is continuing its pursuit of more oil and gas resources with the support of Noble Drilling. Since it began operations in Guyana, ExxonMobil has made over 30 new discoveries, which equate to more than 11 billion barrels of oil equivalent (boe). Therefore, as ExxonMobil continues to expand its reach across Guyana’s Stabroek Block region, it looks set to hand more work out to the four drill ships currently in operation by Noble in Guyana. The Noble Tom Madden, Noble Sam Croft, Noble Don Taylor, and Noble Bob Douglas have secured an additional 4.8 rig years of backlog in Guyana, which has extended

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each rig’s contract. In particular, the Noble Bob Douglas rig is conducting vital activities with assistance from multi-purpose subsea vessels that are designed for well intervention, subsea construction and equipment installation, as well as inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services.

One of the central focuses of Noble in Guyana is delivering its drilling operations with sustainability in mind. For the global company, Noble is focused on reducing its carbon intensity by 20% by 2030. To achieve this target, the company is committed to trying and testing energy consumption methods, including monitoring, energy management, behaviour programs, and natural energy efficiency upgrades that help its vessels and operations remain as sustainable as possible. In fact, with

more than 100 years of experience behind it, responsible drilling is a core value of the business. Today, the company has developed such initiatives as the Energy Efficiency Insights (EEI) program, which monitors the energy consumption across its rigs. Through EEI, and with the support of the sustainable behaviour programme, Noble could deliver a 6-10% reduction in fuel consumption and derived emissions. This aims to help the company move towards global net-zero targets and ensures that when customers choose Noble for its drilling operations, they know that they are supported by a company pushing towards sustainable targets.

As part of Noble’s sustainable development, the company has developed the world’s first green methanol drilling rig design. The conceptual design for the jack-up rig would be powered by

Enhancing Global Energy Development

green methanol in place of traditional diesel. By making this switch, the rig could result in up to a 95% reduction of carbon dioxide emissions. This development could pave the way for an exciting next step in the company’s development to bring energy efficiency, safety and sustainability to the forefront of its drilling operations across the world.

Across Noble’s operations on both a global and local scale, there is a real focus on delivering drilling operations that help companies achieve their energy operations to bring vital oil and gas resources to market. Through Noble’s fleet of modern, versatile and technically advanced vessels, the company is the leading offshore drilling provider. With energy operations across the world utilising Noble’s drilling

solutions, the company plays a valuable role in supporting the energy sector and in turn helps bring economic development to countries across the world as they make the most of the energy resources offshore their countries. One of the most vital parts of Noble’s operations is its commitment to sustainability. By fostering sustainable practices from its design to its delivery, Noble can deliver vital energy development whilst working to protect the planet for future generations. We look forward to seeing how Noble’s fleet continues to service ExxonMobil’s developments in the Stabroek Block off Guyana’s coastline for many years to come.

The oil and gas industry throughout South America is extensive, with many international energy companies working to bring essential oil and gas resources to market. For Shell, it has been active in the South American energy sector for many years, and today it is a major energy company with a diverse portfolio of oil and gas assets in the region. Within this portfolio, Shell has played an active role in all parts of the energy supply chain, from offshore exploration and production to establishing trading and infrastructure to support delivering these resources to market. Shell currently holds vital assets in Brazil, Argentina, Trinidad and Tobago, Peru, Colombia, and Guyana. Recently, the company has begun work on new offshore developments in Suriname to bring the important resources of the Guyana-Suriname Basin to market.

Shell has a long history with Suriname, with initial exploration dating back to the late 1920s. Although the initial exploration was not commercially successful, the company currently operates two offshore tracts in Suriname, though these have yet to yield a commercially viable discovery. However, over the past century, Suriname’s energy sector has experienced extensive exploration and development, particularly following the establishment of Staatsolie Maatschappij Suriname NV, the government-owned oil and gas company. Staatsolie, alongside other key players in the energy sector, has undertaken vital exploration projects that provide oil and gas resources for the country. Consequently, Shell’s announcement in December 2024 regarding its planned new offshore exploration well project in the country was an exciting development for Suriname’s energy sector and marked a significant return for the company to the region. Shell’s re-entry is expected to bring crucial new exploration to the largely underexplored Block 65 in the Demerara Plateau area, facilitating the discovery of new oil resources for Suriname’s growing energy industry.

Block 65 was awarded to Shell (60%) in 2023, in consortium with Qatar (40%) by Staatsolile following a licensing round of the Demerara Plateau region. The Demerara Plateau forms an underwater feature located on the southeastern margin of the GuyanaSuriname Basin, off the Suriname and French Guiana coastlines. Across Block 65, Shell plans to drill up to 4 wells, starting with the Araku Deep-1. Araku Deep-1 will be the first of 4 wells planned by Shell and is expected to set spud in the second quarter of 2025. The wells are to be located at a depth of 960 metres and will add to part of a wider effort to bring a broader regional focus to enhance Suriname’s offshore energy resources. Part of the reason these wells are so exciting is that they’re located on the block adjacent to Block 58, where Guyana’s prolific Stabroek Block is producing more than 600,000 barrels of crude oil per day across three major oil developments.

To carry out its exploration campaign within Block 65, Shell has signed a contract with Stena Drilling for the charter of the Stena DrillMax drill ship. Shell will use the Stena DrillMax to deliver two firm

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Shell Suriname

wells and two optional wells as part of the Araku Deep-1 development. The Stena DrillMax is the first in Stena Drilling’s DrillMax series vessel, which is a hard environment DP Class 3 ship that is capable of drilling at water depths between 10,000 and 35,000 feet. The vessel will be used in the second half of 2025 and will help Shell deliver its vital exploration project into the under-explored Demerara Plateau. This partnership with a global drilling company highlights Shell’s commitment to working with local and international leaders in the offshore development industry to bring its projects online.

Shell’s exploration will be vital in enhancing Suriname’s existing role as a major oil and gas producer across South America. The project will bring together Shell’s expertise as a leading energy company across the globe and deliver this as a vital development project set to support Suriname’s

New Offshore Developments in Suriname

BDO Suriname

BDO Suriname is a full member firm of BDO International, the world’s fifth-largest accounting and advisory network. We are the largest full-service firm in Suriname, and we operate across the areas of Audit & Assurance, Tax & Legal, Business Advisory, and Business Services Outsourcing. Our vision is to maintain the recognition by the market as the leading provider of exceptional client service, and the preferred partner—both locally and regionally—for Surinamese and international public and private companies operating in or from Suriname. We aim to support them in achieving their strategic and operational business goals. With deep industry knowledge, BDO Suriname is also a trusted advisor to clients in the oil and gas sector, providing tailored solutions that address the unique challenges and regulatory demands of this evolving industry. Our mission is to deliver exceptional client experiences that go beyond expectations—experiences that are high-quality, riskconscious, cost-effective, and value-driven. We strive to enable our clients to realize their strategic aspirations, needs, and expectations.

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growing energy sector. We have seen Shell utilise its global expertise across South America for many years, including in countries such as Brazil, where Shell has significant operations focused on the exploration, production and sale of oil and natural gas. In Brazil, Shell has significant investments in deep-water projects, including Parque das Conchas and the Mero Field. These deep-water projects are located within the Santos Basin, a major oil and gas producer, known for its prolific pre-salt reservoirs already delivering significant resources for Brazil’s energy sector.

In May, Shell’s subsidiary, Shell Brasil Petróleo Ltd., announced that it was starting production on a floating production storage and offloading facility (FPSO) on the Mero Field of the Santos Basin. The FPSO will be delivered as part of the Mero-4 Project, a deepwater oil and gas development, and will be responsible for 12 wells across the project. The FPSO will have an operational capacity of 180,000 barrels

of oil production and 12 million cubic meters of gas compression per day. The Mero developments are part of the Libra Production Sharing Contract, and the project is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%) and PréSal Petróleo S.A. (PPSA) (3.5%) representing the Government in the non-contracted area.

The Mero Field adds to the existing Gato do Mato development, a pre-salt gas condensate discovery that encompasses two contiguous blocks. The Gato de Mato Consortium is held by Shell as the operator with a 50% stake, alongside Ecopetrol (30%), TotalEnergies (20%), and Pré-Sal Petróleo SA (PPSA), who act as the manager of the production sharing contract (PSC). The project includes the installation of an FPSO vessel, which can produce up to 120,000 barrels of oil per day. It is estimated that the recoverable resources at the Gato do Mato project are approximately 370 million barrels. Therefore, the

Shell Suriname

development highlights a vital offshore exploration project for Shell in South America, which brings together its offshore expertise to deliver significant oil resources for Brazil.

With Shell having so many vital projects across local regions, including those in Brazil and Guyana, the company can utilise its networks and expertise in offshore exploration along South American coastlines, and bring this to its current new development in Suriname. Thus, through Shell’s partnering with local and international stakeholders to deliver vital oil resources, the company can play a pivotal role in enhancing Suriname’s existing and expansive offshore energy development sector through the vital drilling in the underexplored Demerara Plateau region. In fact, energy giant Petronas is also currently advancing gas development efforts in Suriname with ExxonMobil in

the nearby Sloan Gas Field of Block 52. Thus, across both Shell and Petronas’ development projects, the two companies are strengthening Suriname’s position as key players in the oil and gas sector, whilst laying the foundation for significant and sustained economic growth through the natural resources at the country’s disposal.

As we have seen, Shell’s new exploration projects in Suriname mark a significant milestone for the company’s expansion across South America. With the drilling of 4 new wells across Block 65, Shell is on track to unlock a new facet of resources for the country, as it hopes its development will enhance its portfolio for the benefit of Suriname’s energy sector. We look forward to seeing how the Araku-1 development, with the help of Stena Drilling, will bring these vital wells to Block 65 online and deliver valuable oil resources across the South American region.

FUELLING A GREEN FUTURE

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Paria is shaping a cleaner, more sustainable energy future for the Caribbean.

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Globally, Perenco is a leading international independent hydrocarbon producer, focused on operations that span the entire lifecycle of energy projects from exploration to decommissioning. The company brings a wealth of knowledge of the global hydrocarbon market, and it is this that it builds upon to produce oil and gas in a safe and reliable way. With 14 partner countries of operation, the global company hinges on providing safe and smart solutions that meet its customers’ needs to deliver vital oil and gas production. In recent years, the company has seen vast developments in the Trinidad and Tobago division of the company, Perenco T&T, with the vital acquisitions and drilling operations that are set on delivering the future of Trinidad and Tobago’s hydrocarbon industry.

Perenco T&T have been operating in Trinidad and Tobago since 2016, when it took over the operatorships of the Teak, Samaan and Poui (TSP) fields. The TSP fields are located off the south-east coast of Trinidad and have continued to provide valuable gas exploration and production activities for Perenco T&T for almost 10 years. Across these fields, Perenco T&T is passionate about constantly improving its knowledge base through training and experience to deliver the most tailored and accessible hydrocarbon-producing solutions possible. These are made possible as Perenco T&T delivers innovative drilling, construction and production operations across its sites to enhance the potential of deposits and bring gas to market.

One of the most vital fields for Perenco T&T’s current development is across the Onyx Field within the TSP field licence. The field is home to a largely underdeveloped gas discovery at a depth of 180ft. The Onyx Field is part of the TSP joint venture between Perenco T&T, Heritage Petroleum Company Limited, and the National Gas Company of Trinidad and Tobago. The Onyx development includes the drilling of a new well and sidetrack on the eastern part of the Onyx Field, located between the Poui and Teak fields. In May, Perenco T&T announced that its drilling operations had been largely successful, and the company had encountered significant columns of natural gas in two separate geological

compartments. Thus, this drilling development is vital for the future of Trinidad and Tobago’s gas industry, and the wells provide a new gas potential that can help grow the region’s footprint as a major gas supplier across both local and international markets.

The General Manager of Perenco T&T, Gregoire de Courcelles, outlined in the press release announcing the success in the drilling of the Onyx field, “I am very proud of the successful results of the Onyx wells. Our objective was to prove sufficient gas reserves to unlock field development. The wells’ findings are testimony to the hydrocarbon potential which remains in the TSP acreage and highlights Perenco’s commitment to provide future supplies of natural gas to Trinidad and Tobago”. The General Manager’s comments highlight the valuable role the Onyx field will play in the future delivery of hydrocarbons for Trinidad and Tobago. With the expertise and drilling solutions supplied by Perenco T&T, the site is one that is expected to undergo continued exploration over the coming years as Perenco hopes to bring these resources online.

The Onyx development joins the existing Greater Angostura oil and gas producing assets, onshore

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oil terminals, and associated production and transportation facilities that the company owns and operates in the northeast of Trinidad. The assets were acquired by Perenco in March from Woodside Energy, which previously held working control and operatorships over the 2(C) and 3(A) Production Sharing Contracts, inclusive of the Greater Angostura offshore fields. The Greater Angostura fields include the development of 7 fixed platforms and additional subsea facilities targeting the Angostura and Ruby oil and gas fields. These fields are valuable as they are currently producing more than 50,000 barrels of oil equivalent per day, which is served directly to the markets of Trinidad and Tobago. This field is responsible for 12% of the region’s total national gas production, making it a valuable and important development both for Perenco T&T and the energy markets of Trinidad and Tobago. The Greater Angostura fields will add to Perenco’s existing presence in the Columbus Basin as it grows its presence along Trinidad and Tobago’s hydrocarbon sector.

CEO of Perenco, Armel Simondin, outlined in the press release announcing the acquisition from Woodside Energy, that “We are delighted to be further expanding our portfolio in Trinidad & Tobago. Following the recent safe and smooth transition of the CAFI perimeter to Perenco operatorship in late 2024, Perenco has proven itself to be a partner

of choice to safeguard the Greater Angostura gas production for Trinidad & Tobago”. Simondin’s comments refocus Perenco T&T’s presence in Trinidad and Tobago, as its operations now span a vast portfolio of assets that are set on building on its unique know-how to produce oil and gas in a safe, innovative and pragmatic way delivers resources that will to develop and extend the economic life of fields for the benefit of Trinidad and Tobago.

One of the most significant divestments across Trinidad and Tobago’s gas sector was in 2024, when BP divested its mature field assets to Perenco T&T. The Imortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities were divested from BP Trinidad and Tobago (BPTT) in an agreement with Perenco T&T. This divestment comes as BPTT, which was the sole owner of each of the assets, simplified its gas developments offshore Trinidad and Tobago to help build the company up as a highvalue company. In the process, the divestment to Perenco T&T allowed the company to vastly expand its footprint across the hydrocarbon sector of Trinidad and Tobago and allow it greater opportunities to unlock additional gas reserves and increase the production potential of these fields.

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Simondin outlined in the press release that the divestment is mutually beneficial for both companies and highlighted, “This is a welcome opportunity for Perenco to grow our Trinidad and Tobago portfolio, validating our entry into the country in 2016. Over the past eight years, Perenco T&T has completed several ambitious projects at the mature TSP asset and has become a sizeable supplier of gas for the domestic market. We will apply our mature field expertise to further develop the resources from these newly acquired fields.” Simondin’s comments highlight the vital skills and expertise that Perenco T&T offers to these gas fields, as it has the network and scope to enhance its operations to continue to deliver valuable resources for the region, and in the process help BPTT to simplify its operations.

With all of the fields included in the divestment, except the Parang field, being mature fields, the area is of significant value for Trinidad and Tobago. These fields have been in operation for many years, with some producing resources since 1993. With more than 30 years of production history behind many of them, these fields are home to some of the richest

Investing in the Future of Hydrocarbons

gas deposits along the region’s coastline, with the fields collectively producing around 30 thousand barrels of oil equivalent per day. This figure is not just significant for the growth of Perenco T&T’s span of the region’s gas sector, but the fields are vital in delivering essential gas resources needed to power the nation.

Across Perenco T&T’s operation in Trinidad and Tobago, there is a real focus on delivering the resources needed to support the national energy sector. Each operation is underpinned by Perenco’s central focus to deliver an energy industry where host countries can benefit from its fit-for-purpose solutions, all whilst guided by the company’s central focus to deliver modernised and redeveloped assets founded on its core values of responsibility, excellence and passion. With Perenco T&T expanding its footprint across Trinidad and Tobago’s hydrocarbon industry, we look forward to seeing how it continues to acquire and develop its portfolio to deliver vital resources for the longterm benefit of the country’s oil and gas sector.

Shell Nigeria

Shell is present in more than 70 countries worldwide using leading technology and its innovative approach to develop a more sustainable energy future. For Shell, its primary mission is to meet the energy needs of society in a manner that prioritizes the economic, social and environmental impact of energy generation, now and for the future. One of the key focuses for its developments over the last 50 years has been in Nigeria, where Shell has been at the forefront of the country’s oil and gas development. With almost 90% of Nigeria’s export income, and 75% of the country’s overall government revenue coming from the oil and gas sector, Nigeria, with the help of Shell, is primed to deliver significant energy for the country for many years to come.

Shell has been in operation in Nigeria for more than 50 years with its first developments beginning in 1937. Over the years, Shell has been vital in delivering pioneering onshore, shallow and deep-water oil exploration and production projects. These projects are delivered by one of the four subsidiary companies as part of Shell Companies in Nigeria which collectively contribute majorly to the economy thanks to the energy they produce and the revenue this generates for the country. Aside from the development of energy, these companies are also vital in supporting the supply chains, local content and social investment of the country’s energy industry.

The largest Shell company in Nigeria is Shell Petroleum Development Company of Nigeria Limited (SPDC), a joint venture between Shell and the government-owned Nigeria National Petroleum Corporation (NNPC). As part of the SPDC JV, NNPC holds a 55% share, with SPDC holding 30%. The remaining shares are owned by Total E&P Nigeria (10%) and ENI-owned Agip Oil Company Limited (5%). SPDC was responsible for producing the country’s first commercial oil exports in 1958. Today, the joint

Over 50 Years of Oil and Gas Development

venture is focused on onshore and shallow water developments to produce oil and gas in the Niger Delta, with assets spanning 50 oil-producing fields. Across these assets, SPDC JV has a network of 5,000km of oil and gas pipelines and flowlines, 5 gas plants and two major oil export terminals. For deepwater oil development, Shell holds 100% interest in Shell Nigeria Exploration and Production Company (SNEPCo) which has focused its development primarily on the Bonga Field. Across the Bonga field, Shell is responsible for the production of more than 200,000 barrels of oil per day (bpd) and 10 million standard cubic feet of gas per day (mmscf/d). As the first deepwater development for Nigeria’s oil and gas sector, Shell has played a key role in pioneering this industry for the country, which in 2005 saw Shell increase the country’s offshore capacity in Bonga. Today, almost a third of Nigeria’s deep-water production comes from the Bonga and Erha oil fields, reaching depths of more than 1,000 metres.

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REDEFINING MARINE SERVICES ACROSS THE CONTINENT

For over four decades, Python Engineering Company Ltd. has set the standard in West Africa’s marine sector. Operating from its expansive 9-acre marine base in Warri, Nigeria, Python Engineering offers a full suite of marine services—from vessel construction and dry-docking to steel fabrication and offshore support.

Boasting one of Africa’s most diverse and modern fleets, Python’s vessels are built to exacting European & US standards and are tailored for the demanding conditions of both inland and offshore operations.

OUR SERVICES INCLUDE

MARINE SERVICES

From the maintenance of marine vessels, barges and tugboats in her shipyard at 47 Enerhen road, Warri, in the early 90s, PECL has acquired a vast experience in shipyard services and then progressed to the construction of different marine vessels, such as houseboats, ramp barges, flat top barges, fuel barges, water barges, dredgers, pontoons, offshore and onshore Port A Cabins and even tugboats. PECL provides wide range of offshore support services in the oil and gas sector from the logistics and transportations to security patrol services to supporting rigs in their daily drilling operations through provision of various types of offshore vessels

CIVIL & CONSTRUCTION SERVICES

Our Civil design and construction team has executed several projects starting from residential projects, roads & infrastructure, helipads and runways, office complex buildings, to integrated projects ( as Field logistics bases and plant buildings)

FABRICATION & ERECTION OF CAMPS

Python Engineering Company Ltd has combined its expertise both in marine & civil services and has designed, fabricated, installed and executed several camps both on land and on offshore barges and locations by construction of accommodation units, office units, kitchen and messing units, recreational units, self-contained toilet units and technical units.

FACILITIES MANAGEMENT & MAINTENANCE SERVICES

Python Engineering Company Limited is a leading Facilities Management & Maintenance Services Company; since incorporation PECL was & still rendering her services successfully to the Major Oil & Gas Companies with the highest safety standards.

Whether it’s accommodation barges, tugboats, or offshore logistics vessels. Python ensures every asset delivers comfort, safety, and efficiency.

Trusted by leading IOCs, energy and infrastructure firms, Python Engineering is more than a marine services provider—it’s a strategic partner powering progress across the continent.

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BUILT ON EXCELLENCE. DRIVEN BY PRECISION.

Since 1990, Elshcon Nigeria Limited has been the go‑to, ISO 9001:2015‑certified partner for integrated maritime logistics, steel fabrication, and construction—serving both energy and non‑oil sectors.

In 2014, SNEPCo continued its expansion of the country’s deepwater developments with the establishment of additional deepwater developments in Bonga North West. These offshore deepwater projects have been vital to the social and economic development of Nigeria, with the developments delivering much-needed employment, training and business opportunities for local people. In fact, the Bonga Field developments have helped establish the first generation of Nigeria’s oil and gas engineers with experience in deep water development.

For gas development, Shell Nigeria Gas (SNG) is the only international oil and gas company established as a gas distributor to industry customers across Nigeria. SNG, incorporated in 1998, has spent more than 25 years focused on the downstream distribution of gas to industries across Nigeria. The company provides manufacturing and industrial customers with access to a clean, reliable and lowcost alternative to liquid fuel. To achieve this, SNG operates a growing world-class gas transmission and distribution network spanning 138km of the

Whether you need heavy‑duty offshore barges, inland tugboats, supply base management, equipment lifting solutions, shipbuilding, or on‑site repairs, Elshcon delivers safety first, quality assured results with innovation rooted in local expertise. With operational bases in Port Harcourt, Lagos, and Singapore, we’re strategically positioned to support your mission critical projects—on time, every time.

Over 50 Years of Oil and Gas Development

country. In recent years, SNG has been focused on a growth phase, and so in recent years has expanded its gas distribution capacity by over 150%. Its network is now able to distribute over 150 mmscf/d of dry processed gas to more than 300 industrial customers nationwide, with more than 100 industrial customers already connected to its gas grids.

To help support SNG’s networks, the company has built strong relationships with virtual pipeline operators, which are focused on developing compressed natural gas and miniLNG grids across the country. By working closely with these operations, SNG can continue to deliver vital energy infrastructure to meet the needs of the country, and in turn bring more social investments into the local communication through its value chains, revenues and employment opportunities. For this reason, SNG has established itself with a firm identity as a safe and credible gas distributor.

The final company operating under Shell Companies in Nigeria is Nigeria LNG Limited (NLNG). The company is a joint venture with Shell holding

25.6% share, and NNPC, Total E&P Nigeria and ENI holding 49%, 15% and 10.4% respectively. The focus of its operations centres around the NLNG Plant on Bonny Island, where the facility has 5 processing units with a total processing capacity of 22 million tonnes a year of LNG. In addition to this, the facility can produce up to 5 million tonnes of natural gas liquid (liquefied petroleum gas (LPG) and condensate). The facility is responsible for powering more than 200,000 homes and businesses on Bonny Islands, through a rural electrification scheme, Today, NLNG accounts for approximately 7% of the world’s total LNG supply, highlighting the valuable role Nigeria and Shell play in delivering this vital energy to market for a more sustainable future.

In recent months Shell completed the sale of SPDC to a consortium called Renaissance for $1.3 billion. The divestment of SPDC is set on helping Shell simplify its presence in Nigeria, through its exiting from the onshore oil production in the Niger Delta. Instead, its focus for the future would remain on investing and developing Nigeria’s deepwater and integrated gas positions. Renaissance, renaming SPDC to Renaissance Africa Energy Company (RAEC), will therefore take over Shell’s

Shell Nigeria

previous 30% stake in the joint venture, leaving the company now owned by Renaissance, NNPC, Total E&P Nigeria, and Agip Energy.

Across Shell’s operations in Nigeria, there is a keen focus on making the most of the country’s oil and gas reserves to serve the people and economy of Nigeria. With every aspect of the oil and gas development sector focused on delivering vital resources, Shell continues to invest in people

and businesses across Nigeria delivering a better future for the country both now and in the future. With the announcement of the divestment of SPDC to Renaissance, we look forward to seeing how Shell will continue to expand its deepwater and integrated gas positions across Nigeria to deliver vital resources for the future of energy development.

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ExxonMobil Nigeria

Nigeria is one of the largest oil and gas producers in Africa. Consequently, many global energy players have vital operations throughout the country aimed at bringing these essential resources to market. For ExxonMobil, its operations in Nigeria focus on exploring and producing crude oil and natural gas, while manufacturing petroleum products to support the country’s energy sector. Given Nigeria’s reputation for substantial energy production, it is unsurprising that the oil and gas sector contributes significantly to the country’s economic growth. Through a variety of affiliate companies, ExxonMobil has long played a crucial role in Nigeria’s energy sector, delivering energy resources to meet global energy demands in the most responsible manner possible.

Across Nigeria, ExxonMobil is heavily focused on the upstream aspects of oil and gas production, with its primary focus covering the exploration and production of crude oil and natural gas. Across these operations, the company then covers the transportation and sale of crude oil, natural gas and petroleum products. For this reason, ExxonMobil is a vital manufacturer and marketer of such commodities across Nigeria and the global market. In Nigeria specifically, ExxonMobil has 5 upstream affiliate companies which cover 5 deepwater blocks. These include Esso Exploration and Production Nigeria Limited, Esso Exploration and Production (Offshore East) Limited, Esso Exploration and Production Nigeria (Deepwater West) Limited, Esso Exploration and Production Nigeria (Upstream) Limited and Esso Exploration and Production Nigeria (Deepwater Ventures) Limited. Across these 5 companies, ExxonMobil spans some of the most vital offshore fields surrounding Nigeria to deliver vital oil and gas products to market.

One of the most notable fields for ExxonMobil and Nigeria’s energy development is the Erha Field

located off the Nigerian coastline, roughly 85 nautical miles from the Port of Lagos. Within this field, Esso Exploration and Production Nigeria Limited (Esso E&P Nigeria) operate the Erha development inclusive of the Erha terminal. The terminal consists of a spread-moored floating production and offloading (FPSO) unit, which can store 2.2 million barrels of crude oil. The development of the terminal began over 10 years ago in 2003, with production starting in the first quarter of 2006. The terminal remains a key focus for Esso E&P Nigeria today and is now one of the largest FPSO platforms in the world. Today, the Erha Terminal can store 2.2 million barrels of oil (MMbbl), with a capacity to handle 210,000 barrels per day (b/d). In addition to this, the terminal has a capacity of 340 thousand cubic feet per day (Mcf/d) of gas for reinjection, with a 150,000 barrels per day capacity for water reinjection.

Across Erha there are three subsea centres, these are named Erha DCE, DCW and DCN. Both DCE and DCW have a total of 24 wells, of which 15 are producers, whilst 4 are water injection and the remaining 5 are gas injection. DCN has 8 wells, half

are used for production and the other half are used for water injection. The development is operated by Esso E&P Nigeria, which holds a 56.25% participating interest in the OML 133 production-sharing contract area where the terminal is located. The remaining 43.7% is owned by Shell Nigeria Exploration and Production Company (Shell Nigeria E&P Co.).

A field that is currently undergoing vital development is the Usan Field located in the OML Block 138. The field, which is operated by

ExxonMobil Nigeria

TotalEnergies Exploration & Production Nigeria (Total E&P Nigeria), is held jointly between Total E&P Nigeria (20%), Chevron Petroleum Nigeria (30%), Esso Exploration and Production Nigeria (Offshore East) (30%) and China National Offshore Oil (20%). Oil was first discovered in the region in 2002 and was approved for further development in 2008. Just 4 years later, the Usan field began production in 2012, and now the project spans 34 subsea production and injection wells, which are supported by 8 subsea manifolds.

Aside from ExxonMobil’s focus on delivering vital energy resources in Nigeria, the company remains committed to achieving its operations in a sustainable way. ExxonMobil is committed to improving the quality of life and so continues to invest in solutions and initiatives that will support tomorrow whilst delivering the vital energy resources for today. ‘Protect Tomorrow’ is the guiding principle

behind ExxonMobil’s sustainability approach, and it is with this in mind that the company is aiming to pursue $30 billion in lower-emission investment between 2025 and 2030. This is a mission that the company is already largely on track with, as it is actively focusing its business plans on reducing its overall emissions.

For ExxonMobil, achieving a more sustainable future is only possible through the implementation of technology and policies which are targeted to help the company achieve net-zero emissions by 2050. With this focus, the company strives for environmental excellence in every aspect of its operations. Beyond its sustainability measures within the company, ExxonMobil is also focused on working with local economies, communities and its workforce to deliver a culture and community that is respected, supported and safe surrounding its operations.

Whilst ExxonMobil’s operation in Nigeria remains vast, there is a key central focus to deliver the vital infrastructure, investment and development to help the country’s energy sector thrive. With vital operations spanning some of the most lucrative deposits along the West African coastline,

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ExxonMobil Nigeria is set on delivering vital economic growth to the region supported by its dynamic and reliable energy delivery operations. As the company moves towards the future, it continues to balance the need for energy resources with a focus on reducing emissions on a global scale. Therefore, through vital energy delivery operations, it is set to continue to enhance the country’s energy development and help deliver these resources to key markets across the world.

On a mission to deliver engineering operations to build a more sustainable future, Saipem is a leader in the design, construction and operation of a range of complex infrastructures and plant facilities for the energy sector. Saipem is passionate about overcoming engineering challenges to deliver essential solutions that help move its customers’ operations, and the world to a more sustainable future. Therefore, across its operations, technical innovation remains at the forefront, and it is through this that the company can deliver the most efficient and sustainable engineering solutions possible.

Saipem has been in operation since 1957 when the company delivered its first offshore platform as an independent company in Scarabeo. From this very first platform, Saipem exemplified its expertise in construction and engineering, and it is with this foundation that the company continues to develop today. Over the last 65 years, Saipem has only continued to build its portfolio of engineering and construction projects and now has played a vital role in many projects across the globe. Today, Saipem is a global leader in engineering with operations with its business broken down into 6 central business lines. These business lines include drilling, asset-based services, energy carriers, offshore wind, suitable infrastructure, robotics and industrialised solutions. Throughout its portfolio, Saipem works across every stage of project development, taking these operations from process and structural engineering, all the way to procurement and construction. Then, once constructed, Saipem offers maintenance, modification, and daily operations services which help to keep its customers’ projects running smoothly. Beyond the construction and delivery of such projects, Saipem also provides decommissioning services across plants and

platforms when they are no longer in use. By staying so close to every project, Saipem can ensure that it is delivering the maximum economic return of offshore field development whilst maintaining high levels of safety, reliability and performance.

Saipem employs over 30,000 employees spanning more than 50 countries of operation. Across the world, the company’s operations are often split into various region and country-wide divisions, for example in Singapore where Saipem’s operations are run by Saipem Singapore Pte Ltd. Saipem has been operating in Singapore since 1988 providing the company’s essential engineering services across the country and the surrounding region. Here, the company offer a vast array of services and solutions that help its customers in Southeast Asia design, procure, engineer and construct their energy projects.

Projects in Singapore include the expansion of the Singapore LNG (liquified natural gas) Terminal, which spans 40 hectares on the southernmost tip of Jurong Island. The terminal is vital to Singapore’s energy security and has been operating since

Leading Engineering Services

2013. The facility currently covers two jetties, three 180,000m3 storage tanks, and a further 260,000m3 tank. The terminal is currently responsible for close to half of Singapore’s total natural gas demand for power generation and so its expansion remains vital to supporting the country’s energy development. Saipem was awarded the initial construction agreement and has continued to play a vital role

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of energy for Nigeria, it highlights the company’s role as a leader in the global engineering service sector providing the essential design, construction and operations services to support energy developments on an international scale.

Across Saipem’s operations in Singapore, there is a real focus on enhancing the region’s energy sector through its vital engineering services. From its role in the expansion of Singapore LNG to working across the Peninsular Gas Utilisation pipeline development, the company continues to invest in Singapore’s energy sector, whilst expanding its portfolio in delivering innovative, sustainable and reliable energy infrastructures across the globe. With the company’s global portfolio only continuing to grow, we look forward to seeing how Saipem will continue to expand its role across Singapore’s energy sector to help deliver vital energy resources across the country now and for many years to come.

in signing further contracts for the continued expansion of the SLNG Terminal. Saipem’s work on the fourth phase of the project expansion included engineering, procurement and construction

Another key energy development serving Singapore today is the Peninsula Gas Utilisation (PGU), which is located offshore the west coast of the Malaysia Peninsular but serves end users in both Malaysia and Singapore. The pipeline project has undergone many development stages, with Saipem appointed the main contractor in 1991 for Phase III of the development. Phase III was completed by Saipem in 1998, and saw the pipeline extended northwards along Malaysia’s west coast from Meru, Klang to Arau, Perlis. The entire pipeline spans 184km and is focused on delivering natural gas from offshore platforms to customers in Malaysia and Singapore. One of the major feats of the development was the use of PASSO Welding, which is an innovative system that utilises the automatic welding of pipes. Saipem’s role as the main contract for the third phase of the development highlights

in Nigeria. The unit was designed by Saipem and fabricated in the Singapore region, focusing its design on delivering a unit that can produce 210,000 barrels per day (bpd) of oil and 540,000 million standard cubic feet per day (mmscfd) of gas, whilst also delivering significant water and gas reinjection capacities. In addition to its production, it aims to store 2,200,000 barrels of oil. The design and construction of the FPSO included 18 modules that would come together to deliver a topside weight of 31,000 tons. Saipem will continue to oversee the management of the project until the offshore commissioning phase. With Saipem being awarded such a vital contract to help support the delivery

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TotalEnergies Suriname

Founded on a commitment to delivering energy more sustainably, TotalEnergies is a globally integrated energy company where the planet and its people are at the heart of every strategy, project, and operation it conducts. The company has a long history across the globe and is now present in more than 120 countries worldwide. Across its international network, TotalEnergies works to make energy delivery more reliable, affordable, and sustainable. However, its current offshore exploration and development projects in Suriname mark a vital step in TotalEnergies’ leading energy operations within South America, where the company already has multiple developments, including developments in the neighbouring countries of Brazil and French Guiana.

TotalEnergies has been present in Suriname for around 5 years, with 5 significant discoveries in the Block 58 offshore area. Block 58 is part of a partnership with APA Corporation, with both companies owning a 50% interest in the development. In 2023, TotalEnergies announced a significant oil project in Block 58, as well as a development study. The area includes the Sapakara South and Krabdagu oil fields, which have a confirmed combined estimated recoverable resource of close to 750 million barrels for the 2 fields. The GranMorgu oil project will be developed in Block 58 offshore Suriname and will deliver new wells at depths of between 100 and 100 metres across the Block. Oil will be produced through this system of subsea wells, which will ultimately be connected to an FPSO (Floating Production Storage and Offloading Unit) also located off the Suriname Coast. Once completed, the project is expected to have an oil production capacity of 200,000 barrels of oil per day (b/d) and contribute significantly to the development of oil across Suriname. Thus, for TotalEnergies, the project will mark a significant milestone for the company’s development of oil and gas resources in Suriname.

In October 2024, TotalEnergies and Saatsolie Maatschappij Suriname N.V. (Staatsolie) met in Paramaribo to announce the Final Investment Decision (FID) for the GranMorgu development located within Block 58. The announcement outlined how the GranMorgu project will develop the Sapakara and Krabdagu oil discoveries to build upon its successful exploration and appraisal period in 2023. The GranMorgu project, with a total investment of $10.5 billion, will be a key driver for investment on a local scale, contributing to local employment and the continued economic development of Suriname. For this reason, Paramaribo, the country’s capital, will be the centre for administrative, operations support and logistical activities for the entire project. In fact, for local companies, logistics, maintenance of the installation, as well as the subsea and FPSO operation, will see between $11.5 billion invested in local content, creating 6,000 direct, indirect and induced jobs across Suriname. Once completed, production is expected to start up in 2028.

The project is currently held in a 50% equal partnership between TotalEnergies and APA Corporation. However, following the GranMorgu project announcement, Staatsolie (Suriname’s state-owned oil company) outlined its interest in

TotalEnergies Suriname

exercising its option to enter the development project at 20% interest, making contributions towards the project following the FID. Staatsolie will finalise its interest by June 2025.

One of the key sustainable aspects of the GranMorgu development in Block 58 is that it will leverage technology to minimise greenhouse gas

emissions. The project aims to specifically cut Scope 1 and Scope 2 emissions from each barrel of oil produced. A key step in achieving this will be the GranMorgu FPSO, which will be an all-electric vessel with zero routine flaring and full reinjection of associated gas into the reservoirs. The FPSO is designed to accommodate future tie-back opportunities that would extend the duration of its production plateau. Additionally, the FPSO will have a Waste Heat Recovery unit and water-cooling system, which will optimise the power usage across the vessel and improve its overall efficiency. To help further cut down on emissions, the project aims to install a permanent methane detection and monitoring system that will rely on a network of sensors to enhance the unit’s overall sustainability by reducing methane release.

The construction of the FPSO vessel for the GranMorgu development has been contracted to Technip Energies, who will build and install the vessel, whilst SBM Offshore has been contracted to operate the platform under an operations and maintenance agreement. Technip Energies will also

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help deliver the all-electric drive platform, which will help the vessel deliver its reduced emissions, with zero routine flaring and full reinjection of associated gas into the reservoirs. A final contract has been awarded to Saipem, which will conduct the EPCI scope for subsea umbilicals, risers and flowlines. Its work will span the delivery of 100km of 10-12 inch subsea production flowlines and 90km of 8-12 inch water and gas injection, as well as the transport and installation of the flexible risers, umbilicals, and associated structures at depths ranging from 100 to 1,100 metres. These vital contracts will help TotalEnergies to deliver its sustainabl e mission for the GranMorgu development block.

The entire project at Block 58 will deliver significant oil developments for Suriname and add to TotalEnergies’ network across South America. In the FID announcement press release, Patrick Pouyanné, Chairman and CEO of TotalEnergies, outlined that “Building on TotalEnergies’ pioneering spirit, this landmark project marks the first offshore development in the country and capitalises on our extensive expertise in deep offshore innovation. Launched only a year after the end of appraisal,

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GranMorgu fits with our strategy to accelerate timeto-market and develop low-cost and low-emission oil projects.” Pouyanné’s comments here highlight the vast role the project will play within Suriname and the company’s role in delivering a project that meets its central mission to make affordable yet sustainable energy more widely available across the world.

The GranMorgu project marks the vital beginning of a long and important era for Suriname’s energy sector. The project will deliver significant growth for the country, and so the project will be essential for delivering major economic benefits for the local economy through the labour, goods and services from local content that will be required to construct, operate and maintain the project to deliver consistent oil for the country. Oil production is expected to begin from 2028, where the majority of the project’s income will be delivered to the State of Suriname in the form of royalties, profit oil and taxes. The national oil company and TotalEnergies plan to continue to work closely together, and throughout the project will focus on attracting as many local goods and services as possible,

Supporting Suriname’s Energy Sector

D.S. Belcon

D.S. Belcon is strategically positioned within the Southern Energy Triangle, operating in Trinidad, Suriname, and Guyana, offering integrated solutions excellence to the shipping industry and oil and gas sector.

Considering TotalEnergies’ recent commitment to the GranMorgu project, as a Port Agency and Logistics Company, D.S. Belcon (Suriname)

N.V. stands ready to support this monumental initiative with comprehensive integrated logistics solutions. As Suriname embarks on this historic journey to develop the Sapakara and Krabdagu fields in Block 58, the need for reliable, efficient, and integrated logistics has never been more critical.

With a deep understanding of Suriname’s operational landscape, D.S. Belcon (Suriname)

N.V’s commitment to excellence, safety, and sustainability remains at the forefront.

Solutions

TotalEnergies Suriname

N.V. Havenbeheer Suriname/ Suriname Port Management Company

With the rapid emergence of the oil and gas industry in Suriname, the Dr. Jules Sedney Port of Paramaribo has been proactively advancing its facilities to meet the demands of the future. This commitment aligns with our slogan: “Accommodating Our Future.”

As part of our preparedness, we have successfully renewed our ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, along with our ISPS certification, reinforcing our dedication to quality, environmental responsibility, and occupational health safety and well-being of our dedicated personnel.

Moving forward, we continue to strengthen our internal organization while forging strategic partnerships that enhance the value of our services and position us as a key player in the region.

With Suriname’s economy on the rise and the increasing need for port expansion, we stand as the premier choice for those seeking to invest in a port with a robust, future-ready system of control and ample room for growth. At present a new construction project for the extension of the qua to the south has commenced with even more expansion possibilities.

Section

Quay length

Draft at LWS

Deck load

Storage area

Additional

Dr. Jules Sedney

Terminal (A)

660m

7,0 – 7,5m

4,5 – 10 T/m² 20ha

119 reefer plugs

Facilities available and to be established

Heavy load quays and aprons up to 20 T/m²

Berthing spaces

Open and sheltered storage area

Medical first aid facility

Chemical storage area

Technical & mechanical support facility

Logistic support facility

Training centre – in partnership with Port Of Antwerp Bruges International

New Shore Base Area (B) 140m + 120m + 97m 7,0m

20, 10, 5 T/m²

12 + 0,8 + 2ha

Oil jetty for bunker ops

Potential Expansion Area (C)

600m

7,0m

Subjected to requirements 47ha

Multifunctional options

Services by Havenbeheer and 3rd parties

24/7 ISPS security

Logistic support

Hot works, Technical and Mechanical Support

Stevedoring & Lifting works

Waste management

Bunkering services (Fuel & Oils)

Sludge and waste water removal

Fresh water supply

Variety of supplies

Ship chandling

Husbandry

www.havenbeheer.com

Smooth Sailing for Your Business

FROM SURINAME TO THE WORLD – RELIABLE LOGISTICS, SUSTAINABLE SOLUTIONS

Discover the gateway to Suriname’s thriving trade and commerce with N.V. Havenbeheer Suriname, the nation’s premier port management company. With over 50 years of expertise, we ensure the safe, efficient, and effective operation of Suriname’s National Port and Transport System, fostering international trade and logistics.

N.V. Havenbeheer Suriname, is committed to sustainable economic growth through innovative green practices. Our vision is to become your reliable carbon-neutral logistics partner, harmonizing prosperity with environmental stewardship.

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TotalEnergies Suriname

mirroring its focus on local content as has been seen across the exploration and evaluation phase of the development.

In addition to the Block 58 developments, TotalEnergies has previously signed a sharing contract for 2 shallow offshore blocks. These blocks, 6 and 8, have been awarded to TotalEnergies following the Suriname Shallow Offshore Bid Round 2021/2021, where TotalEnergies took on the operation of the two blocks with 40% interest. The operation is in partnership with Qatar Energy, which has a 20% interest, and Paradise Oil Company (POC), a subsidiary of Staatsolie, which also has a 40% interest in the development. Blocks 6 and 8 are located towards the south of Suriname, not far from the border to Guyana, and directly adjacent to Block 58.

The Senior Vice President of Exploration for TotalEnergies, Kevin McLachlan, states in the press release for the Block 6 and 8 development that “TotalEnergies is pleased to expand its operatorship position in Suriname, a world-class emerging basin, exploring for low technical costs and low GHG emission oil resources”. He continues, “This new milestone further strengthens our strategic international partnership with Qatar Energy, marking its first entry to Suriname”. As we can see from McLachlan’s comments, TotalEnergies’ span across Suriname has established it as a key player in the country’s energy industry. With significant developments in Block 58 and Blocks 6 and 8, TotalEnergies continues working with crucial partners and players across the global industry to bring sustained economic growth and a wider sphere of energy potential to the region.

Outside of Suriname, TotalEnergies’ operations across South America remain vast. One of the largest operations in South America is in Brazil, where the company has been operating for close to 50 years. Across Brazil, TotalEnergies is present in

Supporting Suriname’s Energy Sector

almost every aspect of energy development, from exploration, production, and renewable and green gas development to marketing and services. With such a span across the country’s energy sector from upstream to downstream, TotalEnergies’ operations in Brazil are emblematic of the global company’s multi-energy strategy. Employing more than 3000 professionals, Brazil is a vital market for TotalEnergies as the country is home to presalt fields, which emit less greenhouse gases for each barrel produced than the world average. This means that TotalEnergies is focused on producing oil with low operating costs across the highest quality fields to meet the energy needs of today, whilst limiting its emissions to protect the world of the future.

TotalEnergies currently has 11 licenses across its Brazilian oil and gas portfolio, including 4 operated assets across the Santos and Campos Basins in the deep waters and pre-salt layer. One of the most notable fields is the Lapa field, where TotalEnergies became the first international company to operate a production field in the Brazilian pre-salt, and

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TotalEnergies Suriname

PPS Security - Strategic Growth & Commitment

Professional Private Security (PPS) N.V., founded on November 10, 1990, began as a family-owned business specializing in car alarm installations. With a strong foundation and a clear vision, the company steadily expanded its capabilities, evolving into a limited liability company by 1993. Today, PPS N.V. stands as a trusted security partner in Suriname, known for delivering comprehensive security solutions tailored to meet the evolving needs of businesses across a range of high-risk industries.

Our growth has been fueled by an unwavering commitment to innovation, deep industry expertise, and a focus on securing complex environments. Our long-standing presence in the country and our strong understanding of local and sector-specific risks have made us the preferred security provider for commercial enterprises, multinational corporations, and companies within the Oil & Gas sector.

PPS N.V. offers a full suite of security services designed to protect assets, people, and operations. Our electronic security systems include intrusion and fire alarms, CCTV surveillance, access control, and 24/7 technical support. We also provide continuous remote monitoring solutions, featuring real-time video analytics and rapid response teams located strategically across the region. Additional services include GPS tracking for fleet security, professional guard services (armed and unarmed), and customized training programs to boost safety awareness and preparedness.

Our expertise extends to high-level security services such as VIP/executive protection for diplomats and business leaders, as well as secure transportation and storage of valuables, including cash and precious metals, in line with international standards. With a focus on reliability, discretion, and rapid intervention, PPS N.V. is committed to delivering peace of mind in every security challenge.

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the Mero, Sépia, Atapu Fields and the Lara area, all located in the Santos Basin. With such a wide span across Brazil’s energy development, TotalEnergies expects to produce 200,000 boe/d by 2026.

In French Guiana, TotalEnergies’ operations focus on the downstream sector with the development of petroleum products and retail speciality at service stations, as well as renewable electricity. The company currently has around 10 service stations across French Guiana, which offer fuel, products and related services. Beyond its retail, TotalEnergies also operates several solar power plants across French Guiana through its affiliates Total Eren and Sunzil, which are delivering more

sustainable energy across the country every day whilst working towards a more sustainable energy future. TotalEnergies’ role across French Guiana is to deliver vital downstream resources, whilst working to develop sustainable energy solutions that can meet the demand of today, whilst limiting its impact on the planet. With the company’s presence across many neighbouring countries, it’s clear to see that Suriname and the surrounding region are primed for development, supported by the company’s expertise and network across South America. With this span of expertise being focused on Suriname, it is no surprise that TotalEnergies was a vital attendee

YOUR TRUSTED SECURITY PARTNER

Since 1990, Professional Private Security N.V. (PPS) has been a leading provider of comprehensive security solutions in Suriname. With over 30 years of experience, PPS offers a wide range of services, including electronic and manned security, catering to individuals, businesses, industrial companies, international organizations, and government agencies

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TotalEnergies Suriname

at the Suriname Energy, Oil and Gas Summit (SEOGS) 2025. SEOG is the largest energy offshore event in Suriname, which brings together leading energy companies across both regional and international audiences. The event was developed by Staatsolie Maatschappij Suriname, Suriname’s national energy, oil and gas company, and organised by Global Event Partners Ltd (GEP) and Fossil Energy Consulting. Thanks to GEP and Staatsolie, SEOGS is the leading place for discussion, development and investment into Suriname’s energy sector, facilitated largely by the office opened by the organisation in Paramaribo to continue to support the region’s energy sector and wide portfolio. Leading global partners attending the event include the likes of Petronas and TotalEnergies, who are crucial in supporting Suriname’s energy development. However, the event is also pivotal for bringing together multiple local and international key sponsors and suppliers

across the energy sector to enhance Suriname’s global energy development.

The most recent SEOGS event was held in midJune in Paramaribo in Suriname, where over 200 speakers and more than 250 exhibitors were present. The event also saw over 12,000 attendees, highlighting the event’s role as the largest energy event in the Caribbean. The 4-day summit event provides ample opportunities for attendees, the government and energy companies to share about the vital energy development and potential of Suriname’s offshore deposits. Therefore, the event encourages investment, development and project opportunities for companies looking to get involved in one of the world’s most exciting oil and gas hotspots. Beyond the summer, a 3-day technical conference event delivered pivotal networking opportunities to help local and international stakeholders develop relationships to help deliver

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TotalEnergies Suriname

partnerships working towards the longevity of Suriname’s energy development.

SEOGS 2025 marks the 5th year of the event, and this year, one of the central focuses was on sustainability. With the opening of SEOGS 2025, President Chandrikapersad Santokhi outlined Suriname’s commitment to transparency and inclusivity in the growth of the country’s energy sector, with a central focus that ‘oil and gas resources must benefit all of our people’. These words were followed by the keynote address from Chairman and CEO of TotalEnergies Patrick Pouyanné, which reiterated the company’s commitment to the sustainable development of the GranMorgu project within Block 58 and across the Suriname-Guyana Basin. Pouyanné outlined in the message that TotalEnergies’ project within Block 58 will create over 6000 jobs, inject more than $1.5 billion into the local economy, and deliver more than 750 million barrels of oil to the market at a cost below US$20 the barrel. For this reason, Pouyanné highlighted that the GranMorgu project is part of a more than US$10 million investment that is designed to address sustainable energy values.

This focus on sustainability remained a key focus for the entire event, with Pouyanné reiterating how

the project will continue to focus on sustainability features throughout its development, with a particular focus on ensuring its FPSOs are electrical and are delivered alongside a permanent methane monitoring system. In addition to this, TotalEnergies will also ensure the reinjection of associated gas throughout the project. This focus on sustainability throughout the project is set to help both TotalEnergies and Suriname meet their goal of reaching net-zero emissions by 2050.

Ultimately, TotalEnergies’ projects across South America highlight the company’s mission to make energy more accessible, sustainable, and affordable across the globe. In Suriname, in particular, the development will strategically enhance the country’s existing energy infrastructure and ensure a more seamless delivery of energy across the region. With Suriname’s continued energy development supported by the government and local stakeholders, and highlighted through the SEOGS event, the region is now a vital hub for energy investment across the Caribbean. For TotalEnergies, Suriname will now add to its vast portfolio in South America, which works cohesively to leverage its expertise across the region’s energy sector and enhance Suriname’s role within the global energy market.

Bapco Refining

Bahrain is a vital country in the development of oil across the Arabian Gulf. The country was home to the first oil well developed across the region, and so has long played a strategic role in developing Bahrain’s oil industry on both local and international scales. To oversee this expanding industry, Bapco Refining was established by the government of Bahrain to oversee the country’s oil and gas sector and deliver significant economic benefits for the country for many years to come.

Established in 1929, Bapco Refining began its operations with the discovery of vast oil potential in the region. From this first vital discovery, Bapco Refining, originally owned by the Standard Oil Company of California and now under the ownership of the Government of Bahrain, quickly took the lead in pioneering the country’s oil and gas sector. Today, the company is responsible for refining 267,000 barrels per day (bpd) of oil, and through this work, it strategically empowers and ensures the success of Bahrain’s energy industry. Throughout every aspect of its operations, Bapco Refining remains focused on leveraging its best practices to deliver significant value for its shareholders, customers and employees in the process.

Bapco Refining’s operations centre around the refining, storage and marketing of oil, with a 6th of the company’s total oil operations stemming from the rich oil deposits found in Bahrain alone. The rest of the oil refined by Bapco Refining is sourced from Saudi Arabia and is pumped through Bapco Refining’s facilities before it is stored in 170 storage tanks located across Bahrain. All of the oils delivered by Bapco Refining are marketed towards local and international downstream markets in the form of petroleum and exported on behalf of the Government of Bahrain. The entire operation of Bapco Refining aims to support Bahrain’s role in the development of its crude oil markets across the world.

Now almost a century since it began, Bapco Refining has set out on the Bapco Modernisation Programme (BMP) which will see the multi-billion-dollar venture significantly shake up the country’s oil industry to meet the needs of today and set up the foundations so that Bahrain can remain a key oil producer for many years to come. BMP aims firstly to increase Bahrain’s refining capacity to produce more products that can be sold both in and outside of the country. A key part of this is to ensure that Bapco Refining’s operations can meet an increasing oil demand, whilst also improving the energy efficiency of its operations to enhance its oil output. This aims to help maintain Bahrain’s competitive edge in international markets.

The project aims to set up 21 new operating units, 15 new substations as well as hydrocracking units, a new crude and vacuum unit and a sulphur plant. A key part of the development is the construction

Leading Bahrain’s Oil

of the Resid Hydrocracking Unity (1RHCU), which will be powered by a technology license from Chevron Lummus Global. The unit will be among one of the largest on the planet, encompassing a two-train capacity of 65,000 bpd, which will convert 78% of vacuum resid feed into intermediate production which will be processed to produce kerosene and diesel. In addition to the RHCU, a second VGO Hydrocracking Unit is planned which will receive raw feed from the new and existing crude distillation units and covert the product in the higher margin final products.

In addition to the hydrocracking units, the BMP will implement a vital upgrade to Bapco Refining’s facilities including a Crude Distillation Unit and a Vacuum Distillation Unit. These will replace the existing crude and vacuum distillation units that have been in operation for almost 80 years. The new units are designed to provide the required feedstock for further downstream processing supported by their new maximised output capacity that aims to optimise yield performance which

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Leading Bahrain’s

reduces the amount of energy used to operate. The units will transform crude oil into valuable petroleum products such as LPG, naphtha, kerosene and diesel. The remaining oil not used to produce the petroleum products, will then be fed into the hydrocracking units for further processing.

The final vital part of the BP is the development of the #3 Sulphur Plant, which will treat sulphur recovery, amine and sour water. It will encompass 11 separate integrated process units and will recover hydrogen sulphide from the BMP Units’ process and turn it into liquid sulphur. This liquid sulphur is then converted into solid pastilles which can then be exported to other countries. The plant will cover three Sulphur Recovery Units (SRUs), two Tail Gas Treating Units (TGTUs), two Bulk Acid Gas Removal Units (BAGRUs), two Amine Regeneration Units (ARUs) and two Sour Water Stripping Units (SWSs), leading

to a total sulphur production installed capacity of 1,535 metric tons a day.

As we have seen, the BMP aims to significantly step up Bahrain’s oil production capacity to bring vital petroleum products to market and solidify its place within the international energy marketplace. This vital investment into the country’s energy industry underlines the government of Bahrain’s commitment to delivering vital economic development across the Kingdom, whilst establishing itself as a key contributor towards the country’s GDP for the benefit of all those living in Bahrain.

This commitment to developing the future of global energy industries was reinforced with the announcement of a vital partnership between Bapco Refining and TotalEnergies in July. The global Bapco Energies recently signed an agreement with

TotalEnergies announcing a strategic partnership agreement between the two companies for the trading of petroleum products. The agreement marks a vital milestone between the two companies, as well as with the Kingdom of Bahrain, and aims to cement Bapco Refining’s place within the international energy markets.

The partnerships hope to create substantial value for both companies, bringing together Bapco Refining’s oil networks, with TotalEnergies’ expertise in the petroleum trading market. Together, both companies aim to utilise each other’s networks to expand their reach and influence across the global market. Furthermore, the partnership will also aim to bring social and economic development across the partnership to deliver significant economic benefits for locals in the process.

This agreement comes following the two companies announcing in March that TotalEnergies would support Bapco Energies in the optimisation of its Sitra refinery. The refinery is currently undergoing an expansive upgrading project, and once completed will be future optimized across the partnership for the trading of its petroleum products. TotalEnergies will utilise its global oil and feedstock networks, as well as expertise across the refining and trading oil market to help Bapco Refining maximise its value from the Sitra refinery for Bahrain.

Mark Thomas, Group CEO of Bapco Energies outlined that the collaboration between the two companies will “bring incremental value to the Kingdom of Bahrain and Bapco energies through the application of TotalEnergies’ global expertise in product trading and feedstock optimization.”. Thomas continues, “We are looking forward to

Leading Bahrain’s Oil Industry

partnering with TotalEnergies to building the Bapco Energies brand as a reliable and trusted global supplier of quality products”. We can see from Thomas’ comments that this strategic partnership is one that aims to deliver significant value for Bahrain’s oil industry, and so meets the commitments laid out by Bapco Refining in positioning Bahrain’s oil as a key player in the global oil and energy markets. Overall, we have seen how Bapco Refining remains a vital company set on delivering significant economic and social value for the Kingdom of Bahrain through its strategic partnership with global players in the energy industry such as TotalEnergies, as well as in its current modernisation programme which looks set on bringing the vital infrastructure needed to supper the country’s energy demand of today, whilst actively working to protect the world of tomorrow.

TotalEnergies E&P Angola

TotalEnergies is an international integrated energy company on a mission to develop its energy portfolio spanning from oil to biofuels, natural gas, green gases, renewables and even electricity. With more than 100,000 employees across its 120 countries of operation, TotalEnergies works to strategically develop vital energy resources to ensure that people across the world have access to reliable, affordable and more sustainable energy options. A key area for development in recent months has been in Angola, where TotalEnergies has a diversified portfolio of deep offshore operated assets which account for almost 50% of the country’s oil production. The global giant has set out on a range of partnerships with leading local and international energy brands to bring the offshore potential of Angola into economic benefits.

The Kwana Basin in Angola is home to rich and economically lucrative hydrocarbons which are vital for the production of petroleum. The basin is the first to have undergone vital exploration and development, and so has played a vital role in the continued expansion of the energy sector for Angola and the surrounding countries of west southern Africa. Across this area, TotalEnergies operates several deep and ultra-deep offshore oil licences in production, including Block 17 containing 4 major oil fields including the Girassol, Dalia, Paxflor and CLOV which combined have developed the block into a thriving hub for Angola under TotalEnergies. Other key development includes Block 32 with the Kaombo Development, and Blocks 0, 14 and 14K. All of these operations take place across the Lower Congo Basin and Kwanza Basin.

The Kaombo project in Block 32 is an innovative ultra-deepwater offshore project in Angola spanning the Gengibre, Gindungo, Caril, Canela, Mostarda, and Louro oil fields. The project, in which TotalEnergies has a 30% stake, is unique and complex as its operations take place in water depths of up to 1950 metres, and so is subject to extreme temperature and pressure conditions. This requires a specialised type of technology to achieve, however, the entire project aligns with TotalEnergies’ strategy of developing ultra-deep offshore projects. The project’s reserves are estimated to produce 658 million barrels, with 230,000 barrels per day capacity. However, to access all of the oil deposits across the 6 fields under the project it required TotalEnergies to install 59 wells. These wells make it one of the largest subsea well systems in Angola, and a great technical achievement for TotalEnergies.

To manage the capacity and control the cost of the operations, TotalEnergies built two new floating production storage and offloading (FPSO) vessels; Kaombo Norte and Kaombo Sul. Production began from Kaombo Norte in 2018 across the Gengibre, Gindungo and Caril fields, with Kaombo Sul producing oil just eight months later from the remaining Canela, Mostarda and Louro fields. Each vessel can produce 115,000 barrels per day and continues to develop the oil industry for Angola every day. A recent development for TotalEnergies in Angola is the Kaminho Project which is the first

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TotalEnergies E&P Angola

large deepwater development to take place in the Kwanza Basin. The project will take place in Block 20/11 to develop the Cameia and Golfinho fields which are located just 100km off the coast of Angola at a depth of 1700 metres. The project just saw a Final Investment Decision announced between TotalEnergies (40%), Petronas (40%) and Sonangol (20%). The project would see a very large crude carrier (VLCC) converted to a FPSO to be connected to the two oil fields. However, the FPSO has been designed to be sustainable, with its role to process large capacities of oil underpinned by a system which would minimise greenhouse gas emissions and eliminate routine flaring throughout the operations. The project is expected to start production in 2028 and deliver a plateau of 70,000 barrels of oil per day from the oil fields onboard the FPSO.

However, the development of the Kaminho project will do so much more than just deliver significant oil potential for the region, instead, it will bring with it significant employment with over 10 million man-hours of construction and development needed to get the project running. This will provide significant employment and business opportunities to local people and yards across the country and add economic benefits to those in Angola in the process.

Chairman and CEO of TotalEnergies, Patrick Pouyanné, highlighted in the press release that “Building on our pioneering spirit and our longterm partnership with Angola, we are pleased to launch the Kaminho project along with our strategic partners, Sonangol and Petronas, and with the strong support and confidence of the Angolan authorities. This project, which leverages innovation to fit our investment criteria - breakeven under 30 $/b and carbon intensity of 16kg CO2 –will become our seventh FPSO in the country and the first to ever develop in the Kwanza Basin”. Pouyanné’s comments here highlight the vast and expansive role the project will play in Angola, and the first of its kind to develop in this rich deposit basin. Its strategic partnerships with these other giant energy companies signify a joint commitment to developing the energy industry towards a future of accessible and reliable energy access.

However, Pouyanné continues “We look forward to joining forces with Sonangol in technology to promote innovation and low-carbon technology for the energy industry in Angola, in particular to slash methane emission and contribute to the diversification of Angola’s energy mix”. Here Pouyanné highlights the push towards sustainability that underpins all operations facilitated by TotalEnergies. Throughout every operation, the company is focused on delivering energy facilities in the most sustainable way possible, and here in Angola, this is the same with the strategic signing of a Memorandum of Understanding with Sonangol EP. Sonangol will share its expertise in research and technology in order to deliver the FPSO for the project that focuses on decarbonizing the oil and gas industry. In particular, the pair will focus on reducing methane emissions and developing renewable energies to continue to develop the Kaminho project and Angola’s energy industry towards a sustainable future.

TotalEnergies EP Angola has spent the last 70 years developing Angola’s energy industry towards a sustainable and economically viable future thanks to its work to develop the upstream oil and gas industry. With multiple key offshore licenses across the coast of Angola, TotalEnergies has formed itself as a leading offshore operator in the country and along the African coastline. As it continues to work towards a future where sustainability and energy security can go hand in hand, TotalEnergies continues to expand Angola’s oil and gas industry with the help of strategic partners and its teams of employees across the country.

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A CCIONA, a trusted partner .

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Delivering tomorrow's top infrastructures.

Delivering tomorrow's top infrastructures.

Delivering tomorrow's top infrastructures.

We continue to successfully complete highly complex and acclaimed infrastructure projects. The challenges are tough and demanding, and we face them with confidence thanks to our leadership, experience and capacity for innovation.

We continue to successfully complete highly complex and acclaimed infrastructure projects.

We continue to successfully complete highly complex and acclaimed infrastructure projects.

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The challenges are tough and demanding, and we face them with confidence thanks to our leadership, experience and capacity for innovation.

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