Saipem has secured a $1.5bn (€1.28bn) contract from the Turkish Petroleum Offshore Technology Center (TP-OTC) for the third phase of the Sakarya gas field development project in Türkiye. The Sakarya gas field, said to be Türkiye's largest offshore natural gas discovery, is situated roughly 170km off the coast of Filyos, Zonguldak. The third phase involves a new dedicated floating production unit (FPU) connected to 27 wells across the Sakarya and Amasra fields by a new trunkline. The scope of work, under ...

Core Viewpoint - Perenco has achieved a record oil production of 90,000 barrels per day in Cameroon, solidifying its position as a leading oil and gas operator in the country [1] Group 1: Production and Operations - Perenco's oil and gas production is evenly split between natural gas and oil, contributing to its operational success [1] - The company operates under production-sharing contracts and manages a diversified portfolio of oil assets, allowing significant control over operations and production optimization [1] - Perenco holds various stakes in key offshore blocks in Cameroon, including 25.5% in blocks C-11 to C-18, 40% in block C-24, and 75% in blocks AEE-38 and AEE-42, which directly influences its production capacity [1] Group 2: Economic and Social Impact - Perenco's operations have significantly contributed to Cameroon’s economy, including the establishment of a power plant that provides 15% of the national electricity supply [2] - The company launched a groundbreaking liquefied natural gas project, marking Cameroon as a player in the LNG export market and enhancing the country's energy profile [2] - A 20-year gas contract signed in 2022 aims to create hundreds of jobs and strengthen local industrial structures, while reducing LPG imports by 25% and increasing energy independence [2]