Examples of El Furrial in a sentence
WilPro Energy Services (El Furrial) Limited Notes to Financial Statements (continued) 2.
WilPro Energy Services (El Furrial) Limited Notes to Financial Statements (continued) 3.
WilPro Energy Services (El Furrial) Limited Notes to Financial Statements (continued) 8.
At the end of the contract, PDVSA has the option to 1) renew the current service agreement, allowing the Company to retain ownership of the assets, 2) purchase the El Furrial assets at book value, which is expected to be an insignificant amount, and either retain the Company under an operations and management agreement or terminate its relationship with the Company, or 3) require the Company to dismantle the assets and restore the land to its original condition.
WilPro Energy Services (El Furrial) Limited Notes to Financial Statements (continued) 6.
Williams International El Furrial Limited, a subsidiary of Williams International Company, owns all 25,000 outstanding Class A common shares, and Production Operators Cayman, Incorporated, a subsidiary of Hanover Compression Limited Partnership, owns all 12,500 Class B common shares of the Company.
The Company provides installation, engineering, procurement and construction services, as well as operation and maintenance services for natural gas compression facilities at El Furrial oil field, property of PDVSA Petróleo, S.A. (PDVSA) in Venezuela.
WilPro Energy Services (El Furrial) Limited Notes to Financial Statements (continued) 7.
WilPro Energy Services (El Furrial) Limited Statements of Shareholders’ Equity Additional Common Stock Paid-In Retained Class A Class B Capital Earnings Total See accompanying notes.
The Company has not recorded an asset retirement obligation based on a 100% probability assessment that PDVSA, under the contract terms, will purchase the El Furrial facility and assume all retirement obligations at the end of the contract term.