Saipem and Petrobel have negotiated an offshore contract addendum value greater than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) actions in relation to the “Ramp Up to Plateau” section of the supergiant Zohr Field Development Project located within the Mediterranean Sea off the Egyptian coast.
Petrobel is a 50-50 three way partnership between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) and is in command of the event of Zohr on behalf of PetroShorouk, a three way partnership between EGAS (Egyptian Natural Gas Holding Company) and IEOC, Rosneft, BP and Mubadala Petroleum.
The present addendum to the work consists of the set up of a second 30-inch diameter fuel export pipeline, infield clad strains, umbilicals and electrical/fiber optic cable, in addition to EPCI work for the sector improvement in deep water (as much as 1700 metres) of 10 wells.
The Ramp Up to Plateau section is scheduled to begin in January 2019, in direct continuity with the Optimised Ramp Up section which has been accomplished in an excellent 17-month mission execution interval from its contract award.
In this new section of works, Saipem will deploy a spread of extremely specialised vessels together with the Castorone, the most recent era of ultra-deep water pipelayer; the FDS, a subsea discipline improvement ship; the Heavy Lift Vessel S7000; the DP3 subsea development vessel Normand Maximus; the subsea development vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.
Stefano Cao, Saipem CEO, stated: “This additional award of works on the Zohr improvement represents a brand new recognition of our confirmed capability to embrace our shopper’s targets on the early levels of cooperation and produce them to a conclusion. The progressive belongings and applied sciences already used within the earlier phases, and the flexibility to construct strong native partnerships, may even make sure the success of this newest section”. (Source: Saipem)
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