Saipem And Petrobel Finalize $900-million Contract for EPCI Activities


Saipem and Petrobel have finalized offshore contract variations worth $900 million for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimized Ramp Up” phase of the giant Zohr field development project, situated in the Mediterranean Sea off the Egyptian coast.


Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and EGPC (Egyptian General Petroleum Corp.) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Co.) and IEOC.

The current variations to the scope of work include the installation of a 30-in. diameter gas export pipeline and an 8-in. diameter service pipeline, as well as EPCI work for the field development in deep water (up to 1700 m) of four wells and the installation of umbilicals. Work will commence in July 2017 and are 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 latest generation ultra-deepwater pipe layer); the subsea field development ship DSSaipem F2; the Saipem 3000 (a subsea construction vessel) and, finally, the Castoro 6 and the trenching barge Castoro 10.

Source: Oil&Gas People