Saipem and Petrobel have negotiated a contract addendum worth more than $1.2 billion for engineering, procurement, construction, and installation (EPCI) activities in relation to the ramp up to plateau phase of the Zohr field in the Egyptian sector of the Mediterranean Sea.
Petrobel is a 50-50 joint venture between Egyptian General Petroleum Corp. 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), IEOC, Rosneft, BP, and Mubadala Petroleum.
The current addendum to the work includes the installation of a second 30-in. diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deepwater (up to 1,700 m/5,577 ft) of 10 wells. The ramp up to plateau phase is scheduled to begin next month, in direct continuity with the optimized ramp up phase, which was completed in a 17-month project execution period from its contract award.