Baker Hughes, a GE company announced on Saturday the award of a subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast.
Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and Egyptian General Petroleum Corporation (EGPC) and is in charge of the development of Zohr Field on behalf of PetroSherouk, a joint venture between Egyptian Natural Gas Holding Company (EGAS) and IEOC.
BHGE said in a statement that it will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system and will support the installation, commissioning and start-up operations.
HE Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, Egypt, said in the statement that the Zohr gas field is playing a major role in the development of Egypt’s domestic energy resources, revenue generation and economic growth.
“We are able to increase the value and efficiency of the sector by driving a sustainable and energy-efficient economy through the ministry’s Modernisation Program in partnership with companies such as BHGE,” he said.
Lorenzo Simonelli, president and CEO, BHGE, added that the project has the potential to meet Egypt’s growing gas demand and save the country billions of dollars that would otherwise be spent on importing gas.
The statement said the steel structures will be manufactured in Alexandria, supporting local employment in Egypt, as well as the UK, Norway and Italy while project management services will also be supported from Egypt and from the UK.
BHGE will also provide wellheads via a separate contract awarded by Petrobel earlier this year, it added.
Zohr, discovered by Italy-based energy giant Eni in August 2015, is the largest natural gas field ever discovered in the Mediterranean with a total potential of 850 billion cubic meters of gas, according to Eni’s website.
© Zawya 2017
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