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March 26, 2018 - Contax Partners’ Energy Feed

Mubadala fund in talks to buy renewable energy arm of Brazil's QGEP | Mubadala plans to invest >USD 1bn in Malaysia Pegaga Gas Field project  | Jacobs awarded Pre-Feasibility study contract for KPC


Mubadala fund in talks to buy renewable energy arm of Brazil's QGEP

Mubadala in talks to buy energyMubadala Development Fund - UAE’s sovereign wealth fund - is close to finalizing a deal to buy Queiroz Galvao Energia SA (QGE), the renewable energy arm of Brazil’s Queiroz Galvao Participacaoes. The deal is believed to be valued at USD 1.2bn. QGE has wind farms in Ceara, Piaui & Rio Grande Do Norte with a total capacity of approximately 535MW and hydroelectric power plants in Mato Grosso, Minas Gerais & Santa Catarina with a total capacity of approximately 300MW.



Mubadala plans to invest >USD 1bn in Malaysia Pegaga Gas Field project

Mubadala plans to investMubadala Petroleum and its partners - Petronas and Royal Dutch Shell - are planning to invest more than USD 1bn in the development of an offshore gas field in Malaysia with first gas expected by Q3 2021. Mubadala is the operator of the block and will hold 55% share while Petronas Carigali and Sarawak Shell will hold 25% and 20% share respectively. The Pegaga gas field development in Block SK 320 is located in the Central Luconia province, offshore Sarawak and has a gas capacity of 550mn standard cubic feet of gas per day plus condensate. Sapura Fabrication Sdn Bhd - a subsidiary of Sapura Energy Berhad - has been awarded the EPCIC contract for the development of the offshore integrated central gas processing platform for the gas field.


Jacobs awarded Pre-Feasibility study contract for KPC

Jacobs awarded Pre-FeasibilityJacobs Engineering has been awarded a contract for a pre-feasibility study - with an option of proceeding to a detailed feasibility study - for Kuwait Petroleum Corporation (KPC) and its subsidiaries. These studies will support KPC's strategic directions and downstream long-term plans for the period up to 2040. As part of this study, Jacobs will evaluate how domestic refining capacity can be best expanded in a cost-effective way, while providing advantaged feedstocks for integrated petrochemical production. Additionally, the studies will cover evaluation & optimization of alternative process configurations using an integrated Linear Program model, various technical studies, licensor evaluation, cost estimation, financial modeling, risk assessment and management, with a focus on increasing refining capacity and optimum petrochemical integration.





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