Saipem Wins Pipeline Construction Project Contract

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Saipem and Petrobel have finalized offshore contract variations valued at $900 million for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimized Ramp Up” phase of the giant Zohr field development project, located in the Mediterranean Sea off the Egyptian coast.

Petrobel is a joint venture between IEOC (an Eni subsidiary in Egypt) and EGPC (Egyptian General Petroleum Corp.) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Co.) and IEOC.

The variations to the scope of work consist of the installation of a 30-inch diameter gas export pipeline and an 8-inch diameter service pipeline, along with EPCI work for the field development in deep water (up to 1700 meters) of four wells and the installation of umbilicals. Work will begin in July 2017 and completed by the end of 2018.

To meet the requirements set by the client, Saipem will deploy several vessels from its highly specialized fleet, including the Castorone (the latest generation ultra-deepwater pipelayer); the subsea field development ship DSSaipem F2; the Saipem 3000 (a subsea construction vessel), the Castoro 6 and the trenching barge Castoro 10.

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