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ENPPI and Wood Group Ink E&P Partnership Deal

Thursday, September 27, 2018

Egyptian state company Engineering for Petroleum and Process Industries (ENPPI) and Wood Group signed an agreement on September 22 in the field of subsea development, according to ENPPI. The pair will take on a technical and engineering partnership for natural gas exploration and production through deepwater drilling.

The agreement was signed in the presence of H.E. Eng. Tarek El Molla, the Egyptian Minister of Petroleum & Mineral Resources. The minister commented that the agreement aims to transfer technology and necessary experience between both sides to undergo the needed engineering work for natural gas exploration and drilling in the offshore, as Egypt moves forward with executing mega projects for the development and production of natural gas from the Mediterranean Sea.