Regulatory News
Corinth Pipeworks is awarded Fenix offshore gas field in Argentina by TotalEnergies
Brussels, 26 September 2022
Cenergy Holdings announces that Corinth Pipeworks, its steel pipes segment, has been selected by TotalEnergies and his Partners (WintershallDea and Pan American Sur) to manufacture and supply approximately 40km of 24” longitudinally submerged arc welded steel pipes for the Fenix Phase 1 gas export pipeline.
The Fenix gas field is part of the Cuenca Marina Austral (CMA-1) license, operated by Total Austral in Tierra del Fuego, Argentina since the 1990’s, one of the world’s most southern offshore development locations. Fenix will be the latest addition, developed with a minimum wellhead platform, and sending production towards the Vega Pleyade platform for subsea connection to the existing pipeline to onshore.
The pipes will be manufactured in Corinth Pipeworks’ facilities in Greece, and installation work will commence according to schedule in 2023. Scope of supply also includes external 3LPE anti-corrosion coating and concrete weight coating applied at the same location as pipe manufacturing in Thisvi, Greece.
Corinth Pipeworks’ CEO, Ilias Bekiros noted: “We have made fantastic progress in offshore markets in recent years we look forward to working with the TotalEnergies team in Argentina to make sure this is a successful project.”
About TotalEnergies in Argentina
TotalEnergies has been operating in Argentina since 1978, through its Total Austral affiliate, and is the country’s leading international gas producer, with some 25% of production. The Company’s equity shares of production averaged 81,000 barrels of oil equivalent per day in 2021. In Tierra del Fuego, alongside partners WintershallDea (37.5%) and Pan American Sur (25%), TotalEnergies (37.5%) operates the Cuenca Marina Austral 1 (CMA-1) concession, which includes the onshore Ara and Cañadon Alfa fields and the offshore Hidra, Kaus, Carina, Aries, Vega Pleyade and Fenix fields. TotalEnergies also has Marketing & Services and Renewables activities in Argentina through its Total Erenaffiliate, with operated capacity of 180 MW coming from one solar plant and two wind farms.
For more information, please visit http://www.totalenergies.com/argentina
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Their more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
For additional information, please visit https://totalenergies.com/
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors.
For more information, please visit our website at www.cenergyholdings.com.