USD 63.8881


EUR 70.4111


BRENT 63.34


AI-92 42.36


AI-95 46.15


AI-98 51.58


Diesel 47.38



Baker Hughes wins subsea contract for Phase 2 of Egypt’s supergiant Zohr gas field

Baker Hughes has won a major subsea contract from Petrobel for phase 2 of the supergiant Zohr gas field off the Egyptian coast.

Egyptian Petroleum Minister Tarek el-Molla witnessed on September 9, 2017, the signing of a subsea contract between Baker Hughes and Petrobel for the development of phase 2 of Egypt’s Zohr gas field.


Under the contract, Baker Hughes will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, including 7 manifolds, tie-in systems, long offset subsea and topside control systems, SemStar5 HIPPS (high integrity pressure protection) Systems, workover systems and tools. It will also support the installation, commissioning and start-up operations.


Molla said that the new contract comes in light of the ministry’s efforts to complete development works of Zohr field, whose 1st phase is set to start operations before year-end.


«This landmark agreement reinforces our commitment to provide competitive offerings for our partners, strengthened by companys’s local presence and cutting-edge technology,» Lorenzo Simonelli, CEO of BHGE, said.

He added that Zohr gas field is one of the most significant developments of its kind and that it has the potential to meet Egypt’s increasing gas demand and save the country billions of dollars in gas imports.


Atef Hassan, Chairman and Managing Director of Petrobel, said that the partnership with BHGE comes on the back of the company’s leading investment and expertise across oilfield services and equipment.


Zohr is the largest natural gas field found in the Mediterranean and was discovered in 2015 by Italian energy company Eni.

The field has an area of 100 square meters at a depth of 1,450 meters.


Investing around $10 billion in the project, Eni is estimating total output of the field to be approximately 30 trillion cubic feet of gas.


To read the news in Russian.


Source : Neftegaz.RU