Engineering for the Petroleum & Process Industries (Enppi) signed contracts for implementing 12 national and international projects over the course of 2017, said Mohamed Hathout, head of Enppi, Egypt Oil & Gas reports.
The company also signed 33 assignment orders in the oil sector during the 12 month period.
Of all the projects undertaken by the company, 59% were local and 41% were international.
The news came during the general assembly chaired by Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s result in 2017.
The value of Enppi’s national and international contracts reached EGP 21.5 billion in 2017.
Hathout also revealed that the company is currently working on projects worth EGP 7.7 billion, adding that the company’s revenues jumped to EGP 8.6 billion in 2017, a 72% increase.
The projects implemented by Enppi include Zohr field development, Rasheed onshore production facilities, 9B field development, and Atoll field development.
Enppi is interested in developing its business and activities outside of Egypt, especially in foreign markets such as the Arab Gulf states, Iraq, Jordan and Algeria. The company won new projects in Saudi Arabia for Aramco and Yanbu Aramco Sinopec Refining (YASREF), in addition to the project to extend the 56 km north Jordan gas line.