Italy’s offshore contractor Saipem has won an engineering, procurement, construction, and installation (EPCI) contract in the Zohr gas field in the Mediterranean Sea. The contract, that is worth more than $1.77b, states that the operations will begin in July 2016 and are set to be completed by the end of 2017, according to Offshore Engineer.
The operations will include installing a 26-inch gas export trunkline along with 14- and 18- inch service trunklines. The contract also targets the deep-water field development of six wells and installing an umbilical system, reported Oil Price.
The source quoted Saipem CEO, Stefano Cao, stating: “We are very pleased to have been selected for the important objective of delivering first gas from Zohr before the end of 2017. We will mobilize a fleet of vessels with last-generation capabilities, and leverage on our proven expertise and consolidated presence in the area, in order to ensure our clients achieve their targets.”
According to UPI, the Zohr field was discovered by Saipem’s exploration and production counterpart in Italy, Eni, using a drillship commissioned from Saipem. The field is believed to be the largest discovery made in regional waters, and potentially the whole world.