New base special 08 may 2014

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NewBase 08 May 2014 Khaled Al Awadi
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UAE announces major investment project in Greece
WAM
Athens: H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Foreign Minister, yesterday announced
the launch of a major Emirati-Greek investment project for development of the site of Athens old
airport, at a total cost of over 7 billion Euros. Al Maabar International Investment will execute the
multi-phase project.
Sheikh Abdullah said the project is expected,
when complete, to generate more than 50,000
job opportunities. H.H. Sheikh Abdullah also
announced that Abu Dhabi Investment Council
had offered a bid for acquiring the luxurious
Astir Palace Resort, Athens, and that Abu
Dhabi National Energy Company PJSC (TAQA)
and Greece's Terna Energy would sign a
framework agreement for exploring potential
investment opportunities in the energy sector in
Greece.
The UAE Foreign Minister announced these
multi-billion developments during his opening remarks at the second meeting of the UAE-Greece
Joint Ministerial Committee in the capital, Athens, which he co-chaired with Greek Deputy Prime
Minister and Foreign Minister, Evangelos Venizelo, in the presence of Dr. Sultan bin Ahmed Al
Jaber, Minister of State.
In his speech, Sheikh Abdullah emphasised that the UAE was eager to boost its economic,
investment and trade relations with Greece in accordance with the political will of the governments
in both countries. Sheikh Abdullah expressed his thanks to the Greek Minister for hosting the
second meeting of the committee, stressing the UAE's sincere desire to strengthen its relations
with Greece.
The UAE Foreign Minister also expressed gratitude to the Government of Greece for its support
for the UAE's bid to get the Schengen visa exemption for UAE citizens as well as its support for
the UAE's bid to host the World Expo 2020. 'The UAE and Greece maintain distinguished, historic
ties and today's meeting allows us to reiterate our commitment to enhance these ties to reflect the
ambitions and aspirations of the higher leaderships in the UAE and Greece in a manner that
serves the mutual objectives and interests of our friendly countries,' H.H. Sheikh Abdullah said.
He emphasised that cooperation between UAE and Greek officials was continuing unabated,
expressing his hopes for broader joint coordination and action in international organisations and

conferences, as well as the key agenda issues in international gatherings and mutual support for
candidacies of each country in international organisations.
Sheikh Abdullah said he was looking forward to Greece's support for the UAE's candidacy for non-
permanent membership of the UN Security Council for the period 2022-2023, nomination for re-
election of members of the UN Human Rights Council for 2016-2018, nomination for re-election to
the International Telecommunication Union (ITU) for 2015-2018, and finally for the nomination for
re-election to the ITU's Radio Regulations Board
(RRB) for 2015-2018.
Sheikh Abdullah emphasised the UAE support for
Greece's presidency of the EU, stressing the
importance of the achievement Greece had made
in riding over the difficult economic challenges
and circumstances. The next period, he added,
would be promising for both countries especially
in terms of investment opportunities available in
Greece in areas of energy. He also stressed the
need for both countries to harness their
capabilities to serve mutual interest.
H.H. Sheikh Abdullah said, "Greece is one of the
key partners for the UAE, and I would like to confirm that the second meeting of the joint
committee provides a precious opportunity to strengthen and leverage bilateral ties and to present
practical ideas and solutions that could help in removing any obstacles hindering progress of
these ties.' He went on to say, 'The meeting will underpin the success of and the many objectives
achieved by the first meeting in terms of strengthening our ties.
We will continue our diligent work to deliver more objectives that serve our friendly countries.'
Sheikh Abdullah commended the work teams, co-chaired by Dr. Sultan bin Ahmed Al Jaber, UAE
Minister of State, and Notis Mitarachi, Greek Vice Minister for Development and Competitiveness,
who, he said, had worked diligently to bolster joint cooperation, coordinate some projects to reach
feasible results, in addition to reviewing unfinished agreements, particularly the one on avoidance
of double taxation on income and protection of investment.
Sheikh Abdullah expressed his pleasure at the ever-developing ties, noting that Greece would
emerge as a major destination for attracting investment and tourism from around the world. Turing
to the agenda of the committee meeting, the UAE foreign minister said the two sides explored
mechanisms of joint cooperation in investment, economic, financial, banking, consular, cultural,
tourism, sports, agricultural, energy and aviation sectors.
Citing trade statistics, Sheikh Abdullah said that trade exchange stood at 438 million Euros, a
figure which doesn't match the rapid progress of bilateral ties and this requires finding better
mechanisms and channels to increase trade exchange. Sheikh Abdullah stressed the important
role the private sector can play in this respect. Concluding his speech, Sheikh Abdullah
emphasised the need for following up and implementing recommendations of the committee so as
to advance bilateral cooperation.
He also expressed his thanks to heads and members of the preparatory committee for their hard
work which contributed to the success of the second meeting. He said that Abu Dhabi would host
the third meeting of the committee. For his part, Evangelos Venizelo welcomed Sheikh Abdullah

and his accompanying delegation, describing his visit as 'extremely important' as it underpins the
significance of ties between the two countries, which based on joint cooperation and mutual trust.
He said Greece and UAE have a true partnership and today have the legal framework to take
these investment relations to new heights. The Greek minister expressed his pleasure that the two
countries had begun to harvest fruit of their ties. Afterwards, Sheikh Abdullah and Venizelo
attended the signing of a series of agreements and Memoranda of Understanding and minutes of
the second meeting of the UAE-Greece Joint Ministerial Committee.
The two countries signed the Bilateral Investment Protection and Promotion Agreement (BIPA)
and a memorandum of understanding (MoU) on sports cooperation. Yousef Al Nowais, Managing
Director of Al Maabar International Investment, Mariana Latsis, Executive Director of Latsis Group,
and Odisseas Athanassiou, CEO Lamda Development, signed a cooperation agreement for
provision of expertise on real estate development.
Dr Saif Al Sayari, CEO of the Energy Solutions division, Abu Dhabi National Energy Company
(TAQA), and George Peristeris, CEO of GEK TERNA Group, signed a MoU for exploring potential
investment opportunities in energy sector. Brigadier Pilot Fares Khalaf Al Mazrouie, Chairman of
the Critical Infrastructure and Coastal Protection Authority (CICPA), and Major General
Athanasius Macres of Greece inked an initial MoU on joint military cooperation.

Oman may cut petrol subsidies, no bond plans
Reuters
Oman's government is looking closely at cutting costly subsidies, with petrol an obvious target, the
minister for financial affairs said on Wednesday, as the country grapples with rising pressure on its
public finances.
The Gulf Arab sultanate ramped up state spending by more than 27 percent from 2011 to 2013.
The money went to welfare, public-sector wages and tens of thousands of new state jobs after
protests demanding employment and an end to corruption. But realizing the deteriorating health of
public finances, the small non-OPEC oil exporter has shifted towards a more cautious policy in
2014. It is budgeting for spending of 13.5 billion rials ($35.1 billion), slightly less than in 2013.
Asked what steps the government would take
to make its budget more sustainable, Darwish
al-Balushi said that subsidies were an
obvious target. "Petrol is one of them, the
obvious one of course, because now there is
a huge gap between prices that are
implemented today and international prices,"
he told reporters, in some of his first
comments on the topic.
"We have to calculate all the issues that are
related. These subsidies are social
objectives, so we have to strike a balance
between the monetary side of it and the social
impact," he said on the sidelines of a Gulf
finance ministers meeting in Kuwait. Asked
when Oman was going to decide on potential
changes to subsidy levels, Balushi said: "It's an exercise that is going on. It could be this year, it
could be next year."
The International Monetary Fund has said that it would be difficult for Oman to put its state
finances on a sustainable footing without changing subsidies, mainly on fuel, adding that domestic
fuel prices should be raised gradually. How Oman deals with the subsidies bill will be relevant to
other states in the Gulf Arab region that provide reduced-cost petrol and electricity to their
residents. Kuwait plans to report the findings of its own subsidies review later this year.
Subsidies on petroleum products in Oman rose 5.5 percent to 1.0 billion rials in 2012, accounting
for 53 percent of the overall 1.9 billion rials of state support for the private sector, a central bank
report showed last year. The IMF painted a bleak picture of Oman's public finances last month. It
said the sultanate was likely to slide into a deficit of 3.0 percent of gross domestic product in 2015,
which would widen to 11.4 percent in 2019 as weaker oil prices eroded export receipts.
Balushi said he did not agree with the IMF projection. Expenditure will grow less in 2015 than
before, he said, and oil production was expected to rise, increasing the comfort zone. No extra
spending was planned this year, he added. "This year, we are not expecting any surprises. The
expenditure is under control so hopefully we will end up with the budgeted expenditure and we will
not exceed it," he said.

Balushi said that Oman would not issue an international sovereign bond this year, with timing
dictated by 2015 budget requirements. "The conventional bond is not this year. It will be decided
based upon the fundamentals on which our next year's budget will be prepared," he said.
"The priority is for the Islamic sukuk, but the final decision for the timing is not yet taken. The
process is on, but whether we will eventually go to the market this year or perhaps the beginning
of the next year, that is to be decided," he said. Further privatisations of state-owned companies
were also unlikely in 2014, he added. "If not this year, next year they will be definitely (privatized),"
Balushi said, adding the further sales will be decided during 2015 budget preparations in October
and November. Balushi said in March that Oman was likely to privatise one more state company
this year.

OPWP invites bids for new Salalah power project
Written by Conrad Prabhu in Business, Oman Observer
Oman Power and Water Procurement Company (OPWP), the sole procurer of all new power generation and
water desalination capacity in the Sultanate, has issued a Request for Proposals (RfP) to six prominent
international utilities inviting them to participate in a competitive process for a licence to build a new
Independent Power Project (IPP) in Salalah.
The new gas-fired plant, dubbed
Salalah2 IPP, will have an
installed capacity of between 300
to 400 MW and will be located
adjoining the Raysut site of the
existing 273MW capacity power
project owned and operated by
Dhofar Generating Company.
According to officials, RfPs have
gone out to six major developers
that have been prequalified by
OPWP to participate in the
competitive process for the IPP
licence award. The list comprises
European energy heavyweight
EDF International; Japanese
conglomerates Mitsui & Co, Marubeni Corporation and Sojitz Corporation; Korea Electric (Kepco) of South
Korea, and the International Company for Power and Water (ACWA).
The successful bidder will secure a 20-year licence to develop, finance, design, engineer, construct, own,
operate and maintain a gas-fired power station of a maximum capacity of around 400 megawatt capacity at
Raysut. In addition, the successful developer will acquire the assets of Dhofar Generating Company
comprising primarily a 273 MW capacity gas-fired plant that was commissioned in 2003.
Financial submissions from the bidders in question will not only include an offer for the new IPP, but for the
assets of Dhofar Generating Company as well, say officials.Dhofar Generating Company itself is the
product of the newly completed unbundling of Dhofar Power Company (DPC) into separate generation,
transmission and distribution entities.
DPC was originally licensed to operate as a vertically integrated power generation, transmission,
distribution and billing company that established Dhofar’s first Independent Power Project more than a
decade ago. The licence structure was modified after a new Independent Water & Power Project (IWPP),
developed by Sembcorp Salalah Power and Water Company, came into operation at Taqah two years ago.
DPC’s consequent unbundling led to the creation of Dhofar Generating Company whose generating assets at
Raysut are now up for grabs.
In effect, the successful bidder for the Salalah2 IPP will develop and manage generating assets totalling a
minimum of around 570 MW and a maximum of 670 MW, thereby becoming the largest power utility in
Dhofar Governorate. Global professional services firm PricewaterhouseCoopers (PwC) is providing
financial advisory services to OPWP on the implementation of the privately funded project. International
engineering and consultancy services firm Fichtner is the Technical Adviser, while multinational law firm
DLA Piper is providing Legal Advisory Services.
Salalah2 IPP is slated for commercial operation during 2018.

Qatar Petroleum organizes fire and safety research forum
Press Release, QP
Qatar Petroleum’s Industrial Cities Directorate recently organized a meeting of the LASTFIRE
Group, which was hosted at Ras Laffan Emergency and Safety College.
The venue provided a fitting setting for the delegates of the international oil & gas industry who discussed
the results of recent studies and research on fire safety.
The LASTFIRE Group comprises fire and emergency response personnel from major international oil and
gas companies and was initially set up to look at developments in large storage-tank fire risks. The group
has achieved much in terms of theoretical and practical research work over the years and continues its role
as the recognized international oil, gas and petrochemical industry forum developing best practices for all
aspects of storage tank fire hazard management.
“QP is actively involved with other oil & gas majors in fire and safety research and development
programs,” said Abdullatif Ibrahim Al-Mohannadi, Manager of Operations at QP’s Industrial Cities
Directorate.
“It is a shared top priority. The State of Qatar is committed to a sustainable and consistent exploitation of
natural resources, which requires among other things the dissemination of knowledge, training, experience.
It also demands the setting up, constant update and strict implementation of top safety standards,” said Al-
Mohannadi.
“Qatar Petroleum’s participation in the LASTFIRE project has endowed it with a wealth of knowledge in
cutting edge technologies, which are today put to good use in various forms to enhance the safety and
security of our operations,” he added.
The three-day forum provided its members with the latest studies, statistics, research results and future
research plans. Another meeting, which also took place at the RLESC, included live demonstrations using
the facility’s modern set of props.

CAMAC signs Petroleum Agreement with Ghana for ESWT
Press Release, CAMAC
CAMAC Energy Inc. has signed a Petroleum Agreement with the Government of Ghana covering
the Expanded Shallow Water Tano block located in the Tano Basin offshore Ghana, about 15-
35 km off the coast of Ghana.
The ESWT block size is 1,508 square kilometers (370,000 acres) in water depths ranging from 55 meters to
116 meters (180 feet to 380 feet) and contains three discovered fields: Tano North, Tano West and Tano
South. Significant quantities of oil and gas have been discovered in these fields, and drill stem tests carried
out also established producibility of the reservoirs. The agreement requires that the partners evaluate the
feasibility of economic development of the discovered fields over the next 9 months.
The ESWT block is bounded on the north by the Ghana Coastline, on the west by the Maritime Border with
Cote D’Ivoire, on the south by the Deepwater Tano Block, which hosts the Tweneboa/Enyenra/Ntomme
(TEN) fields, and on the east by the West Cape Three Points Block, which hosts the Teak-Akasa discoveries
as well as the largest offshore oil discovery in West Africa over the last decade, the Jubilee field. Companies
currently active in the Tano Basin include Tullow Oil plc, Kosmos Energy Ltd., Anadarko Petroleum
Corporation, and Hess Corporation, among others.
CAMAC Energy Ghana Limited, an indirect 50%-owned subsidiary of the company, is the operator of the
ESWT block with a 60% participating interest. GNPC Exploration Company Limited holds a 25%
participating interest and Base Energy Ghana, Ltd., an indigenous Ghanaian company, holds a 15%
participating interest. Ghana National Petroleum Company will initially have a 10% carried interest and
have the right to acquire an additional paying interest of up to 10% following a declaration of
commerciality.

KrisEnergy Gains Approval for 30% Stake in Block G6/48 in Gulf of Thailand
by KrisEnergy Ltd. Press Release
KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, reported Wednesday
that it has received approval from the Government of the Kingdom of Thailand to acquire a 30 percent working
interest and operatorship of Block G6/48 in the Gulf of Thailand. The completion of the transaction marks
KrisEnergy’s first operatorship in the Gulf of Thailand, a core area in the Company’s portfolio.
KrisEnergy signed in March 2013 a farm-out agreement with Pearl Oil (Amata) Ltd, an affiliate of Mubadala
Petroleum. Following government approval, Mubadala Petroleum holds 30 percent working interest in G6/48 and
Northern Gulf Petroleum Pte Ltd. holds the remaining 40 percent.
Keith Cameron, CEO, commented: “This is an important addition to our portfolio and provides us with our first
operated asset in a region where our team has a successful track record in exploration and in the development of oil
fields. We will seek to continue to build our position in the Gulf of Thailand, preferably as operator. I would like to
thank the Thai authorities for approving the farm-out and look forward to bringing many transactions to the approvals
process going forward.”
G6/48 covers 218.5 square miles (566 square kilometers) over the Karawake Basin on the southern margin of the
Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 246 feet (75 meters). It lies north
of the G10/48 development block and to the south of the B8/32 oil and gas producing area. Directly to the east of
G6/48 is the Erawan field, which was the first field to produce hydrocarbons in the Gulf of Thailand in 1981. The
block contains the Rossukon oil discovery over which a 104.2 square miles (270 square kilometers) 3D seismic
acquisition program was completed in August 2013. KrisEnergy plans an appraisal drilling program to delineate the

Rossukon discovery in 2014.
In addition to G6/48, KrisEnergy holds non-operated working interests in the B8/32 and B9A oil and gas producing
complex, in G11/48 where the partners are currently developing the Nong Yao oil field, and in G10/48, which
contains the Wassana oil development project. Also in the Gulf of Thailand in Cambodian waters, the Company is a
partner in Block A, which contains a series of oil discoveries with a plan of development.
Separately, KrisEnergy announced Wednesday that together with Mubadala Petroleum (the operator of G11/48), it has
signed a farm-out agreement with Palang Sophon Limited (PSL) for PSL to acquire a 10 percent working interest in
the G11/48 development block in the Gulf of Thailand, to become the Thai participant in the contract area.
The farm-out has been approved by the government of the Kingdom of Thailand. KrisEnergy’s working interest in
G11/48 has reduced to 22.5 percent from 25 percent and that of Mubadala Petroleum has decreased to 67.5 percent
from 75 percent.
PSL, as a Thai participant (being a Thai national or a Thai company majority owned by Thai nationals), is entitled to
acquire up to a 10 percent working interest in G11/48 from the participants in the block on a pro rata basis under the
petroleum concession when the commerciality of a well was first demonstrated and a production area was defined.
Under the terms of the farm-out agreement and the petroleum concession, PSL will reimburse both Mubadala
Petroleum and KrisEnergy on a pro rata basis 10 percent of all the expenditure incurred in G11/48 prior to the
effective date of the farm-out agreement. After the effective date, PSL will be responsible for its 10 percent working
interest share of all expenditure in respect of G11/48.
G11/48 covers 1,302.7 square miles (3,374 square kilometers) over the southern margin of the Pattani Basin and the
northwest margin of the Malay Basin in water depths of up to 246 feet (75 meters). The contract area contains the
Nong Yao oil discovery, which is currently under development and is expected to produce first oil in the first half of
2015.

GE Oil & Gas unveils new BOP system at OTC 2014
Press Release, GE Oil & Gas
GE Oil & Gas today unveiled its next-generation blowout preventer (BOP) program that will
make 20,000 pounds per square inch (20 ksi) subsea formations the next frontier in offshore
oil and gas exploration.
BOPs are critical pieces of subsea drilling equipment—in effect, 60-foot tall valves weighing several
hundred thousand pounds—that are designed to isolate pressure in oil and gas wells during drilling. Current
GE subsea BOPs are only rated for 15 ksi, thus creating an industry demand for a new generation of BOPs
that have the ability to access more challenging reservoirs.
However, because the physical demands of 20-ksi drilling (at depths of up to 12,500 feet) are so different
from existing 15-ksi systems, GE utilized its global technology teams to completely reengineer the new
BOP stack’s components and also developed several new techniques and technologies with its project
partners. Key features of the new 20-ksi BOP system include:
*Upgraded GE Ram and Annular BOPs, designed for the specific demands of containing high-pressure,
high-temperature reservoirs. *GE’s SeaONYX™ BOP Control System, based on mission-critical GE Power
& Water systems, designed to provide maximum system uptime. *GE’s SeaLytics™ BOP Advisor software,
designed to provide real-time performance and maintenance data to significantly reduce unscheduled BOP
maintenance requirements.
*The new 20-ksi BOPs will be manufactured at GE Oil & Gas’ Drilling Systems facilities in Houston, with
key technical support provided by GE centers of excellence worldwide.
“GE’s new BOP system will enable operators to explore deepwater basins that are currently inaccessible
with conventional 15-ksi BOP systems,” said Andrew Way, president and CEO of GE’s Drilling & Surface
business—GE Oil & Gas. “Our new BOP system utilizes all of GE’s latest “Predictivity™”
communications software solutions to allow for real-time remote monitoring of equipment status and
performance, thus offering new degrees of reliability and performance.”

GE Oil & Gas has been honored with two 2014 Spotlight on New Technology Awards for its innovative
SeaLytics™ BOP (Blowout Preventer) Advisor and GFI™ Ground Fault Immune Electric Submersible
Pump (ESP) Monitoring System products. In keeping with the criteria for winning technologies, GE’s
technologies offer broad appeal for the industry, provide significant benefits beyond existing technologies
and have been proven through full-scale application or successful prototype testing. GE is one of two
companies to receive multiple 2014 Spotlight awards.
SeaLytics BOP Advisor
Technology: GE’s SeaLytics BOP Advisor monitoring and predictive maintenance solution enables drilling
contractors to monitor the performance of BOPs and plan their maintenance by using predictive analytics
based on actual component performance data.
Customer Benefit: When a BOP is offline for unplanned service, the cost to the drilling contractor can be
significant, both in terms of idled crews and missed opportunities. A lengthy downtime event can ripple
through a rig’s drilling schedule well beyond the initial system outage. GE’s SeaLytics BOP Advisor is
designed to improve BOP system uptime and reduce unnecessary maintenance, which leads to better cost
forecasting, all of which provide significant performance benefits to the user.
SeaLytics BOP Advisor enables jackup and drillship contractors to move from a “when it breaks, fix it”
approach to a predictive maintenance planning mode. The technology communicates beyond the drilling
operator’s cockpit, or “doghouse,” letting the rig share its status with operations leaders located onshore or
with drilling teams on other vessels. Because SeaLytics BOP Advisor can identify components that may
need service in advance, the contractor can service equipment when scheduling opportunities arise.
How It’s Different: SeaLytics BOP Advisor is designed to help the operator predict the optimal time for
maintenance in the context of existing operations, in a way that can help ensure smooth operational
schedules.
Deployment: SeaLytics BOP Advisor has completed rigorous testing, including Hardware in the Loop
(HIL) testing with actual BOP components. GE has secured its first two orders with drilling contractors
Atwood Oceanics and QGOG Constellation.
GE Cross-Business Technology Sharing: SeaLytics BOP Advisor was the first product to be developed at
GE’s new Software Center of Excellence (COE) in San Ramon, California. The Software COE brings
together the biggest ideas and latest technologies from across GE, enabling products like SeaLytics BOP
Advisor to take full advantage of the company’s development expertise and broad investment across all of
GE in Industrial Internet technologies and solutions.
Why It Matters: “SeaLytics BOP Advisor collects and analyzes high-fidelity information about an
operator’s complete BOP system, enabling the operator to predictively manage equipment performance,”
said Chuck Chauviere, president of drilling systems—GE Oil & Gas. “Most importantly, SeaLytics BOP
Advisor data empowers the offshore driller with critical information needed to maintain a high degree of
safety to protect the crew and the environment.”
GFI Ground Fault Immune ESP Monitoring Gauge
Technology: With conventional monitoring systems for ESPs, when a ground fault occurs on the ESP
power cable, the gauge’s power supply is cut off. Although the pump continues to run, its performance is no
longer monitored, thus reducing the operator’s ability to effectively monitor activities and optimize
production. To address this decades-old problem, GE’s Zenith GFI ESP Monitoring System is the first

ground fault-immune gauge that is designed not to be disturbed by cable ground faults, allowing operators
to manage against production losses and equipment failure through continued, reliable data delivery despite
ground fault conditions.
GE’s Zenith GFI solution includes a unique new power and communications system that enables the gauge
to operate with imperfect insulation on the ESP cable. The new system also provides faster data sampling
than alternative gauges and delivers ESP cable condition measurements in addition to standard industry
parameters.
Customer Benefit: This pioneering technology is set to have a significant impact on the artificial lift
market, with an average of 15 percent of existing ESP gauges losing production data due to ground faults
within the first year of operation, resulting in up to a 25 percent reduction in fluid output compared to
pumps optimized with a live downhole gauge. A 25 percent loss from a well producing 800 BPD at $100
per barrel would equate to $7.3 million per year in lost revenue from a single well. The GE Zenith GFI
system enables operators to help avoid such losses.
How It’s Different: Customers witnessing recent fault demonstrations proved to be impressed with the GFI
gauge’s ability to operate smoothly, unaffected by faults created on the live producing well. In addition to
enabling continuous operation despite fault conditions, the gauge delivers higher logging rates than
alternative gauges and incorporates pioneering sensors to monitor cable conditions in real time. With high-
speed, high-quality data delivery, the benefits of the system justify the investment.
Deployment: In the process of successfully achieving the objectives of the technology’s development, the
team set up extensive test facilities and ran the gauge in a test well, with full ESP systems of varying design
and sizing. In May 2013, the team successfully installed the first GFI ESP gauge for a Middle East
customer, proving the system to be effective and enabling the operator continues to receive data in the event
of any cable ground fault. The full evaluation activities included:
Extensive testing with an ESP motor test rig at the Zenith facility in Aberdeenshire, U.K.
Two campaigns of test well trials in the Middle East, with faults deliberately created. The Middle East
customer was able to witness and verify testing prior to operational installation. In the coming weeks, seven
system installations are planned across the Middle East, Africa and South America.
GE Cross-Business Technology Sharing: The Zenith technology and its experts joined GE Oil & Gas as part
of GE’s July 2013 acquisition of Lufkin Industries.
Why It Matters: “All too often in ESP operations, a ground fault will cause downhole monitoring systems
to fail and leave operators running blind,” said Dave Shanks, development manager for GE’s Zenith
technologies—GE Oil & Gas. “This can result in up to a 25 percent reduction in fluid output when
compared to a pump optimized with a live downhole gauge, resulting in a significant loss of production.
Our Ground Fault Immune gauge offers a monitoring solution that is designed not to be disturbed by these
types of faults for the first time.”

EIA releases complete Annual Energy Outlook 2014 report
Source: U.S. Energy Information Administration
The U.S. Energy Information Administration released today the full content of the Annual Energy Outlook
2014 (AEO2014). The complete report includes a Legislation and Regulations section that discusses
evolving policies incorporated in the projections, a Market Trends section that highlights projections for
energy demand, supply, and prices, a comparison of the AEO2014 Reference case with projections from
other organizations, and descriptions of the 29 alternative cases completed as part of AEO2014. The
Reference, or base, case by itself was released on December 16.
TO DOWNLOAD http://www.eia.gov/forecasts/aeo/pdf/0383(2014).pdf
The full-content version of AEO2014 also includes components that were released over the past several
weeks, including several Issues in Focus articles, which provide in-depth discussions on topics of special
significance.

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the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were sthe GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were sthe GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were sthe GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operationspent as the Gas Operationspent as the Gas Operationspent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , heManager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developedhas developedhas developedhas developed
great experiences in the designing & constructinggreat experiences in the designing & constructinggreat experiences in the designing & constructinggreat experiences in the designing & constructing of gas pipelines, gas metering & regulof gas pipelines, gas metering & regulof gas pipelines, gas metering & regulof gas pipelines, gas metering & regulating stations and in the engineering of supplyating stations and in the engineering of supplyating stations and in the engineering of supplyating stations and in the engineering of supply
routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many Mroutes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with many MOUs forOUs forOUs forOUs for
the local authorities. He has become a reference for many of the Oil & Gasthe local authorities. He has become a reference for many of the Oil & Gasthe local authorities. He has become a reference for many of the Oil & Gasthe local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andConferences held in the UAE andConferences held in the UAE andConferences held in the UAE and Energy program broadcastedEnergy program broadcastedEnergy program broadcastedEnergy program broadcasted
internationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satelliteinternationally , via GCC leading satellite ChannelsChannelsChannelsChannels ....
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
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