Bond Breakers

The Aegean Refinery Project, officially known as the SOCAR STAR Oil Refinery, is an oil refinery located in Aliaga, Turkey. It is the largest refinery project in Europe, Middle East, and Africa (EMEA) with a processing capacity of ten million tonnes (Mt) of crude oil a year, which is equivalent to 214,000 barrels a day. STAR Refinery meets approximately 20% of Turkey’s demand for processed crude oil products and reduces the country’s petroleum products imports.

The Scarabeo 5 is a semi-submersible offshore unit belonging to Saipem, originally designed as a 4th-generation drilling floater for exploration and production activities in harsh and subarctic environments. In 2023, Saipem was awarded a contract by Eni Congo to convert the unit into a Floating Production Unit — FPU for the Congo LNG Project. Once installed offshore the Republic of Congo, northwest of the Djeno Terminal, the unit will separate gas and liquids and compress the gas to feed a nearby FLNG unit.

The FPSO Florence will enable the start-up of production from the Baleine field, currently the largest hydrocarbon discovery in Côte d’Ivoire, with an estimated 2.5 billion barrels of oil in place and 3.3 trillion cubic feet of associated gas. The Baleine development is also expected to become Africa’s first net-zero upstream project. Upon its arrival in Ivory Coast, the vessel will be renamed FPSO Baleine. The unit has been refurbished and upgraded to process up to 15,000 barrels of oil per day (bbl/d) and approximately 25 million standard cubic feet per day (MMscf/d) of associated gas. All produced gas will be transported onshore through a newly constructed export pipeline.