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Monday, July 31, 2017
Saipem and Petrobel have finalized offshore contract variations worth $900 million for EPCI activities in relation to the “Optimized Ramp Up” phase of the Zohr Field Development Project offshore Egypt in the Mediterranean.
Petrobel is a JV between IEOC (ENI’s subsidiary in Egypt) and EGPC and is in charge of the development of Zohr on behalf of PetroShorouk, a JV between EGAS and IEOC.
The current variations to the scope of work include the installation of a 30-inch diameter gas export pipeline and an 8-inch diameter service pipeline, as well as EPCI work for the deepwater field development of four wells and the installation of umbilicals. Work will commence in July 2017 and is due to be completed by the end of 2018.
In order to meet the requirements set by the client, Saipem will deploy several vessels from its highly specialized fleet, including the Castorone; the subsea field development ship Saipem FDS2; the Saipem 3000, the Castoro 6 and the trenching barge Castoro 10.
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