Saipem wins $1.2 bln Zohr ramp up contract

Dec 23, 2018
2 min read
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Italian firm Saipem said it won a US$1.2 billion EPC contract for Egypt’s offshore Zohr field development ramp up, including installing a second gas export pipeline.

The contract, awarded by Petrobel - a 50-50 joint venture between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) – includes a second 30-inch 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 metres) of 10 wells.

The ramp up to plateau phase is scheduled to begin in January 2019, Saipem said in a statement. This follows the ‘optimised ramp up phase,’ which has been completed in its 17-month project execution period from its contract award.

In this new phase of works, Saipem said it will deploy a range of highly specialised vessels including the Castorone, the latest generation of ultra-deep water pipelayer; the FDS, a subsea field development ship; the Heavy Lift Vessel S7000; the DP3 subsea construction vessel Normand Maximus; the subsea construction vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.

“This further award of works on the Zohr development represents a new recognition of our proven capacity to embrace our client’s objectives at the early stages of cooperation and bring them to a conclusion,” said Stefano Cao, Saipem CEO. “The innovative assets and technologies already used in the previous phases, and the ability to build solid local partnerships, will also ensure the success of this latest phase.”