SAN DONATO MILANESE, Italy – Saipem has finalized offshore contract variations valued at $900 million with Petrobel for activities related to the “Optimized Ramp Up” phase of the deepwater Zohr gas field development offshore Egypt.
Petrobel, a joint venture between IEOC, an Eni subsidiary in Egypt, and Egyptian General Petroleum Corp., is managing the development on behalf of PetroShorouk, a joint venture between Egyptian Natural Gas Holding and IEOC.
Current variations to the agreed workscope include installation of a 30-in. gas export pipeline and an 8-in. service pipeline, and EPCI work in up to 1,700 m (5,577 ft) for four wells and installation of umbilicals.
Works are due to be completed by the end of 2018.
Saipem will deploy various vessels including its deepwater pipelayerCastorone, the subsea field development ship Saipem FDS2, the subsea construction vessel Saipem 3000, the Castoro 6, and the trenching barge Castoro 10.