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Wednesday, 26 December 2018

Saipem negotiates USD 1.2 bn contract for more Zohr EPCI work

Italian contractor Saipem, 30% owned by Italian oil and gas major Eni, has landed a USD 1.2 bn contract for engineering, procurement, construction and installation work on Eni’s Zohr supergiant gas field in the Mediterranean, according to company press release. The contract is with Petrobel (a JV between the state-owned Egyptian General Petroleum Corporation and Eni’s Egyptian subsidiary IEO) and covers the installation of a 30-inch diameter gas export pipeline and the development of 10 deep water wells.

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