Synertec wins two offshore contracts for Caspian Sea
Australia-based SML's subsidiary Synertec has secured two design and supply contracts from North Caspian Operating Company NV (NCOC) for operations off the coast of Kazakhstan.
Under the contracts, Synertec will be responsible for the design and supply of instrumentation, electrical and mechanical equipment associated with NCOC’s offshore business in the Caspian Sea.
Synertec managing director Michael Carroll said: “The contracts with NCOC, whilst initially small, were secured following their extensive pre-qualification process of international organisations and will provide future opportunities for Synertec.
“In our view, the contracts are testament that Synertec can secure highly complex projects, both domestically and internationally and supports the strategy of adopting a more global perspective.”
NCOC is the operator of activities under the 5,600km² North Caspian Sea production sharing agreement (NCSPSA) area.
The area hosts the Kashagan field, which is claimed to be one of the largest petroleum developments in the world.
Located in a harsh offshore environment at the Kazakhstan sector of the Caspian Sea, the field includes an area of approximately 75km by 45km.
The petroleum reservoir is nearly 4,200m below the shallow waters of the northern part of the Caspian Sea.
Development of the field involves technical and supply chain complexity and includes safety, engineering, logistical and environmental challenges for the company.
Synertec provides specialist engineering and compliance services across various industries such as oil and gas, biotechnology, industrial automation, and petrochemical.