03 July 2018, News Wires — Italian oil and gas contractor, Saipem, in consortium with Petroleum Marine Services (PMS), has been awarded the contract for the life of field operations in the framework of Petrobel’s Zohr deepwater gas field development, LNG World News reports.
The vessel DP2 Ahmed Fadel, mobilized by PMS, will be deployed for the project, Saipem said in its statement.
Saipem’s unit Sonsub, will conduct the work on behalf of its parent company.
The Zohr field, the largest gas discovery ever made in Egypt and in the Mediterranean Sea with more than 30 tcf of gas in place, is located within the offshore Shorouk Block (some 190 km north of Port Said).
In the Shorouk Block, Eni holds a 60 percent stake, Rosneft 30 percent and BP 10 percent of the contractor’s share.
The project is executed by Petrobel, the operating company jointly held by Eni and the state corporation Egyptian General Petroleum Corporation (EGPC), on behalf of Petroshorouk, jointly held by contractor (Eni and its partners) and the state company Egyptian Natural Gas Holding Company (EGAS).