Al-Amal Petroleum Company assigned the implantation of developing Al-Amal field, located in Gulf of Suez, to the Petroleum Projects & Technical Consultations Co. (Petrojet) and the Engineering for the Petroleum & Process Industries (Enppi). The project total cost is expected to reach $245million, and it is included in the fiscal plan of 2010-2011.
The primal phase of the project, costing $135million, consisting of the expansion and development of the onshore processing plant and extending a 16 inch gas-supply pipeline of the production facilities to the gas processing station-104 owned by EGPC.
The company will conduct a standard pressure procedures for its producing wells to monitor its performance and the reservoir tanks in its concession area in Gulf of Suez.
It is worth mentioning that Al-Amal is a joint venture between EGPC and Egyptian Pico.