Offshore engineering contractor Saipem has finalised $900m worth of offshore contract variations with Petrobel for engineering, procurement, construction and installation (EPCI) activities in the Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.
The current variations to the scope of work include the installation of a 30-inch diametre gas export pipeline and an 8-inch diametre service pipeline, as well as EPCI work for the field development in deep water of 4 wells and the installation of umbilicals. Work will commence in July 2017 and are due to be completed by the end of 2018.
Saipem will deploy several vessels for the project including the pipelayer Castorone, subsea field development ship Saipem FDS2, subsea construction vessel Saipem 3000 and trenching barges Castoro 6 and Castoro 10.
“We are pleased that our activities in the development of the Zohr field are in line with the challenging schedule set by the client. In the execution of this further phase of the development, we will deploy our most technologically advanced vessels and leverage our proven abilities and skills so that the achievement of the client’s requirements is ensured. This acquisition confirms and consolidates our presence in the Eastern Mediterranean Sea and is yet another milestone for Saipem in the SURF segment of offshore E&C projects,” said Stefano Cao, CEO of Saipem.