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Saipem wins Zohr job worth over $1.2 billion

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion.


Milano, December 21 - Neftegaz.RU. Italian offshore contractor Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion. Saipem said that the contract is for engineering, procurement, construction and installation (EPCI) activities in relation to the Ramp Up to Plateau phase of the Egyptian Zohr field development project.

 

Petrobel is a 50-50 joint venture between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and IEOC, Rosneft, BP and Mubadala Petroleum.

 

The current addendum to the work includes the installation of a 2nd 30-inch diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deep water (up to 1700 meters) of 10 wells.

 

The Ramp Up to Plateau phase is scheduled to start in January 2019, in direct continuity with the Optimized Ramp Up phase which has been completed in a 17-month project execution period from its contract award.

 

To remind, Saipem and Petrobel in July 2017 finalized offshore contract variations worth $900 million for EPCI activities in relation to the Optimized Ramp Up phase of the giant Zohr development project. This scope of work included the installation of a 30-inch diameter gas export pipeline and an 8-inch diameter service pipeline, as well as EPCI work for the field development in deep water of four wells and the installation of umbilicals.

 

In this new phase of works, Saipem will deploy a range of highly specialized vessels including the Castorone, the latest generation of ultra-deep water pipelayer; the FDS, a subsea field development ship; the Heavy Lift Vessel S7000; the DP3 subsea construction vessel Normand Maximus; the subsea construction vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.

 

Source : Neftegaz.RU