Saipem is in talks with Belayim Petroleum Company (Petrobel) over a $1.2 billion worth offshore contract addendum for an engineering, procurement, construction and installation (EPCI) project for Zohr field’s ramp up to plateau phase, the company announced in a press release.
According to the new addendum, work will include installing infield clad lines, a second 30-inch diameter gas pipeline for exports, as well as umbilicals and electrical/fiber optic cables.
The new addendum also includes EPCI work aimed for developing Zohr field up to 1,700 meters of 10 wells.
The new phase will start in January 2019 to continue the optimized ramp up phase, which was completed in 17 months.
“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. 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,” said Stefano Cao, Saipem CEO.