In Egypt, Baker Hughers, a GE company, has been awarded a major subsea contract from Petrobel for phase two of the ‘supergiant’ Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast.
The signing ceremony was attended and hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt.
Subsea gas contract
According to BHGE, the contract stipulates that it will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, including seven manifolds, tie-in systems, long offset subsea and topside control systems, SemStar5 HIPPS (high integrity pressure protection) Systems, workover systems and tools, and will support the installation, commissioning and start-up operations.
H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, Egypt, said: “Maximising domestic energy resources and optimizing reliability of their supplies are core elements of Egypt’s vision.
“We are able to increase the value and efficiency of the sector by driving a sustainable and energy-efficient economy through the ministry’s Modernisation Programme in partnership with companies such as BHGE.”
The Minister added: “The Zohr gas field is playing a major role in the development of Egypt’s domestic energy resources, revenue generation and economic growth.”
According to Lorenzo Simonelli, president and CEO, BHGE, “this project has the potential to meet Egypt’s growing gas demand and save the country billions of dollars that would otherwise be spent on importing gas.”
Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and Egyptian General Petroleum Corporation (EGPC) and is in charge of the development of Zohr Field on behalf of PetroSherouk, a joint venture between Egyptian Natural Gas Holding Company (EGAS), IEOC and BP, BHGE explained in a statement.
Eng. Atef Hassan, Chairman and Managing Director, Petrobel, stated: “Partnering with BHGE on this project demonstrates the growing need for long-term service and equipment providers that complement our efforts in driving optimised production.
“The Zohr Field will contribute to the development and sustainability of Egypt’s resources, and BHGE’s investment and expertise across oilfield services and equipment will help us drive further efficiencies along the way.” Read more…
Featured image: Stock