Oil Egypt accountACCOUNT King Tut

Saipem Awarded New E&C Contracts Worth over Euro 1.5b

Source: www.gulfoilandgas.com 7/7/2016, Location: Egypt

Share |
Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project for the “supergiant” Zohr gas field, located off the Egyptian coast in the Mediterranean sea.

Petrobel has awarded Saipem an Engineering, Procurement, Construction & Installation (EPCI) contract for the accelerated start-up of the development project for the Zohr Gas Field. Petrobel, a joint venture between Eni and EGPC (Egyptian General Petroleum Corporation) is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and Eni.

The scope of work of the contract encompasses the installation of a 26-inch gas export trunkline and 14-inch and 8-inch service trunklines, as well as EPCI work for the field development in deep water (up to 1700 metres) of 6 wells and the installation of the umbilical system. Work will start in July 2016 and is due to be completed by the end of 2017.

In order to ensure that the accelerated development schedule is met, Saipem will mobilize a highly capable fleet of vessels to carry out offshore operations, consisting of the ultra-deepwater last generation pipelayer Castorone, the semisubmersible pipelayer Castoro Sei, the trench/pipelay barge Castoro 10, and other specialized vessels.

“We are very pleased to have been selected for the important objective of delivering first gas from Zohr before the end of 2017”, commented Stefano Cao, Saipem CEO. “We will mobilize a fleet of vessels with last-generation capabilities, and leverage on our proven expertise and consolidated presence in the area, in order to ensure our clients achieve their targets.”

The Zohr gas field was discovered by Eni in August 2015, using the drillship Saipem 10000, which is still operating in the area.

Furthermore, Saipem has agreed to various changes in the scope of work on existing E&C Offshore contracts in other countries.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  2/19/2018 - Noble Energy, Inc. has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limit...
Egypt >>  2/18/2018 - Egyptian Natural Gas Holding Company (EGAS) has arranged for the delivery of three liquefied natural gas (LNG) cargoes from France’s Engie in the seco...

Egypt >>  2/14/2018 - C-Kore Systems closed off an excellent 2017 with an installation/commissioning campaign for the Egyptian Atoll project in collaboration with Subsea 7’...
Egypt >>  2/13/2018 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to provide an operations update. ...

Egypt >>  2/13/2018 - Kuwait Energy is pleased to announce an oil discovery in the Area A concession situated in the Eastern Desert, Egypt. ...
Egypt >>  2/13/2018 - The Egyptian Petroleum Ministry signed an agreement with Baker Hughes, a GE company, to establish an online portal to promote Egypt's oil and gas expl...

Related Categories: Consultants  Design/construction/Engineering Graphics  Engineering  General  Production Engineering  Project & Resource Management  Training & Education 

Related Articles: Consultants  Design/construction/Engineering Graphics  Engineering  Production Engineering  Project & Resource Management  Training & Education 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us