Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Engineering Co Ltd    028050   KR7028050003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

BADRA OIL FIELD DEVELOPMENT PROJECT

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/05/2017 | 12:28pm CEST

Company : GAZPROM NEFT BADRA

Address : Royal Tulip Al-Rasheed - Hotel,
International Green Zone,
Yafa Street, 8070,
Baghdad
Gazprom Neft Badra, Office 335-338

Email : [email protected]

Website : http://www.gazpromneft-badra.com/

Country : Iraq

Location : Iraq

Funding Agency : No

Description : Badra oil field with estimated reserves of over 3 billion barrels of oil is located in Wasit Province in Eastern Iraq. In order to develop the oil field, an operator company, Gazprom Neft Badra, has been established, representing the interests of the international consortium comprising Gazprom Neft (Russia), KOGAS (Korea), Petronas (Malaysia), TPAO (Turkey), and the Iraqi Government. The project is scheduled for 20 years. Preliminary estimates indicate total oil in place at the Badra field to be in the order of three billion barrels. The contract for development of the field is expected to run for 20 years, with potential for extension by a further five. The contract was signed with the Government of Iraq in January 2010, on behalf of a consortium comprising Gazprom Neft (operator), KOGAS (Korea), PETRONAS (Malaysia), and TPAO (Turkey). Gazprom Neft's share in the project is 30 percent, KOGAS' 22.5 percent, PETRONAS' 15 percent and TPAO's 7.5 percent. The share held by the Iraqi government, represented by the Iraqi Oil Exploration Company (OEC), is 25 percent. The consortium signed a contract with Baghdad to develop the Badra oil field in January 2009. The consortium plans to increase production from the field to 170,000 barrels a day by 2017, according to a development plan agreed with the Iraqi government. Iraq's cabinet approved an USD 879 million oilfield service contract with Samsung Engineering for design and building phase two of a central processing facility (CPF) for oil production in the field. Work on the CPF is expected to take two years to complete. The initial production from the field is expected to be 15,000 barrels a day at the end of September 2013. Badra's reserves are estimated to be around 3 billion barrels of oil.

Updates : August 23, 2017:
Gazprom Neft Badra has begun trial shipments of liquid petroleum gas (LPG) to Iraq’s state-owned Gas Filling Company. All equipment at the gas plant that is currently being built at the Badra field, Iraq, is now undergoing performance testing. As part of the comprehensive testing of equipment at the gas plant, gas is also being sent to the Az-Zubaydiyah power station, located some 100 kilometres from the field.

March 27, 2017:
Gazprom Neft Badra, a subsidiary of Gazprom Neft, has produced the five-millionth tonne of oil at its Badra field, Iraq. This outcome has been achieved in just over two and a half years' of commercial production. Total cumulative oil production since the start of 2017 is now in excess of 679,000 tonnes (five million barrels).
Four wells, with a total production rate of 27,000 barrels per day, have been commissioned at the field in 2017, bringing the total number of production wells at the field to 14, with total daily production increasing to 80,000 barrels. All wells are operating under free-flow production.
Pursuant to the agreed field development programme, Gazprom Neft is continuing the construction of oil and gas infrastructure. Pre-commissioning works are currently ongoing at the field's gas treatment plant, with piping connections being installed, as well as electrical fixtures and automatic control systems. The first stage of this project will be commissioned in 2Q 2017 and the second in 3Q 2017.

January 15, 2013:
Iraq and Gazprom Neft has awarded an USD 879 million contract to South Korea's Samsung Engineering to develop the Badra oil field in eastern Iraq. Samsung will design and build phase two of a central processing facility, or CPF, for oil production in the field.

(c) 2000 - 2017 Al Bawaba. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMSUNG ENGINEERING CO LTD
09/05 Badra oil field development project
08/25 SAMSUNG ENGINEERING : Bapco to hold talks with group in expansion push
08/24 Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'
08/17 SAMSUNG ENGINEERING : to build two PTT plants
08/16 SAMSUNG ENGINEERING : receives US$500mil contracts from Thailand`s PTT
08/16 SAMSUNG ENGINEERING : receives two contracts worth $ 500 million USD from Thaila..
08/09 SAMSUNG ENGINEERING : Petrofac JV in Line for $2bn Oman Refinery Contract
08/09 SAMSUNG ENGINEERING : Petrofac JV in line for $2bn Oman refinery contract
08/09 SAMSUNG ENGINEERING : Petrofac JV in line for $2bn Oman refinery contract
08/08 PETROFAC : Seals $2bn Oman Oil Deal
More news
Financials ( KRW)
Sales 2017 5 808 B
EBIT 2017 126 B
Net income 2017 71,0 B
Debt 2017 857 B
Yield 2017 -
P/E ratio 2017 29,71
P/E ratio 2018 13,88
EV / Sales 2017 0,54x
EV / Sales 2018 0,46x
Capitalization 2 274 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 12 919  KRW
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Jung-Heum Park President, Chief Executive Officer & Director
Ho-Chul Choi Managing Director & Head-Plant Operation Team
Seon-Jin An Managing Director & Head-Construction Operations
Ho-Hyeon Lee Managing Director, Head-Finance & Economy
Gyu-Yeon Gang Managing Director & Head-Finance
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ENGINEERING CO LTD2 010
CN NATIONAL CHEMICAL ENGINEERING CO.,LTD-0.44%5 024
FLSMIDTH & CO42.29%3 426
NICHIAS CORPORATION23.12%1 660
TAIKISHA LTD11.42%1 027
TOYO ENGINEERING CORP322.44%448