Black Cat Engineering & Construction and PGNiG (Polish Oil and Gas Company) have signed a memorandum of understanding to co-operate on oil and gas production projects.
Black Cat and PGNiG will co-operate on hydrocarbon production. The companies wish to combine their experience and technological capabilities to prepare a joint offer for the markets of the largest crude oil and natural gas producers.
Paolo Borchetta, CEO of Black Cat Engineering and Construction said: “Black Cat has broad expertise in EPC projects, including infrastructure for hydrocarbons transport and storage. In addition to our extensive track record of successful projects, the company’s strength is its ownership structure, our agile operating model, international project management expertise and result-driven culture.”
As a 100% Qatari owned company, Black Cat is free to operate in the member states of the Gulf Cooperation Council (GCC), which are among the world’s leading hydrocarbon producers. Last year their combined production was about 937m tons of crude oil and 407bn cubic metres of natural gas. The proven hydrocarbon reserves of the Council's member states are about 71bn tons of oil and 39tn cubic metres of natural gas.
Paweł Majewski, President of the Management Board of PGNiG SA said: “The shared ambition of PGNiG and Black Cat is to dynamically develop our foreign operations. Our strive for excellence is deeply rooted in our values and backed by extensive, long-standing experience. I am convinced that by joining our forces we will be able to offer state of the art services, which will secure us a competitive advantage even in the most demanding and mature oil and gas markets.”
The potential joint offer will include digital solutions developed by PGNiG as a part of the company’s Smart Field programme, which employs such tools as computer modelling, artificial intelligence and machine learning to increase efficiency and profitability of hydrocarbon production. PGNiG has been successfully implementing the Smart Field programme in Poland, where it allowed the company to increase its recoverable natural gas reserves by more than 11bn cubic metres, approximately 12% of the proven recoverable reserves at the company’s disposal.
The potential co-operation with PGNiG is another step in strengthening Black Cat’s presence in Qatar and the Gulf region. The company has operated in Qatar since 1981 and has since expanded its capabilities from a construction contractor to an end-to-end services provider covering concept study, feasibility study, front-end engineering design (FEED), detailed engineering design, EPC (engineering, procurement and construction) projects and operations and maintenance services across the energy sector. The scope of common interest also includes hydrocarbon-rich countries in the Middle and Far East, Central Asia and Africa.
For more information visit Black Cat’s website.