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Saipem and Petrobel

Saipem and Petrobel have negotiated a contract addendum worth more than $1.2 billion for engineering, procurement, construction, and installation (EPCI) activities in relation to the ramp-up-to-plateau phase of the Zohr field in the Egyptian sector of the Mediterranean Sea. Petrobel is a 50-50 joint venture between Egyptian General Petroleum Corporation and IEOC (an Eni subsidiary in Egypt) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company), IEOC, Rosneft, BP, and Mubadala Petroleum. The current addendum to the work includes the installation of a second 30-in.-diameter gas-export pipeline, infield clad lines, umbilicals, and electrical/fiber-optic cable, as well as EPCI work for the field development in deep water (up to 1700 m) of 10 wells.


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