Baker Hughes awarded sub­sea con­tract by Petro­bel for phase 2 de­vel­op­ment of Zohr gas field

BHGE WILL PRO­VIDE PROJECT MAN­AGE­MENT, EN­GI­NEER­ING PRO­CURE­MENT, FABRICATION, CON­STRUC­TION,

The Daily News Egypt - - Business -

In a sign­ing cer­e­mony hosted byTarek El-Molla, the Min­is­ter of Pe­tro­leum and Min­eral Re­sources, Baker Hughes, a GE com­pany an­nounced sign­ing a ma­jor sub­sea con­tract with Petro­bel for phase two of the su­per­giant Zohr Gas Field sit­u­ated in the Mediter­ranean Sea, off the Egyp­tian coast.

The project was awarded, af­ter con­sid­er­a­tion of the com­pany’s po­si­tion as one of the world’s lead­ing in­te­grated full-stream provider of sub­sea tech­nol­ogy, prod­ucts, ser­vices, and dig­i­tal so­lu­tions.

BHGE will pro­vide project man­age­ment, en­gi­neer­ing pro­cure­ment, fabrication, con­struc­tion, test­ing and trans­porta­tion of a sub­sea pro­duc­tion sys­tem, in­clud­ing seven man­i­folds, tiein sys­tems, long off­set sub­sea, and top­side con­trol sys­tems, SemS­tar5 high in­tegrity pres­sure pro­tec­tion sys­tems (HIPPS), workover sys­tems and tools, and will sup­port the in­stal­la­tion, com­mis­sion­ing, and startup op­er­a­tions.

El-Molla said that max­imis­ing domestic en­ergy re­sources and op­ti­mis­ing re­li­a­bil­ity of their sup­plies are core el­e­ments of Egypt’s vi­sion. “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 pro­gramme in part­ner­ship with com­pa­nies, such as BHGE. The Zohr gas field is play­ing a ma­jor role in the de­vel­op­ment of Egypt’s domestic en­ergy re­sources, rev­enue gen­er­a­tion, and eco­nomic growth,” he added.

For his part, Lorenzo Si­monelli, the pres­i­dent and CEO of BHGE, said this land­mark agree­ment re­in­forces their com­mit­ment to pro­vide com­pet­i­tive of­fer­ings for their part­ners, strength­ened by BHGE’s lo­cal pres­ence and cut­ting-edge tech­nol­ogy.

He pointed out that the Zohr gas field is one of the most sig­nif­i­cant de­vel­op­ments of its kind, and through this project, they can show the ef­fi­ciency gains that such com­plex projects can achieve through the com­pany’s en­hanced port­fo­lio.

“This 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. To­gether with our part­ners, BHGE can sup­port Egypt’s needs and vi­sion for the en­ergy sec­tor and demon­strate its lead­er­ship in the sub­sea space,” he stressed.

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

Atef Has­san, chair­per­son and man­ag­ing di­rec­tor of Petro­bel, stated that part­ner­ing with BHGE on this project demon­strates the grow­ing need for long-term ser­vice and equip­ment providers that com­ple­ment their ef­forts in driv­ing op­ti­mised pro­duc­tion. He noted that the Zohr ffield will con­trib­ute to the de­vel­op­ment and sus­tain­abil­ity of Egypt’s re­sources, and BHGE’s in­vest­ment and ex­per­tise across oil­field ser­vices and equip­ment will help drive fur­ther ef­fi­cien­cies along the way.

This project draws on the ex­pe­ri­ence of BHGE in large bore, long off­set gas fields and in­cor­po­rates an in­te­grated HIPPS sys­tem and po­si­tions BHGE as an im­por­tant mar­ket player in this field.

For the first time, BHGE will also pro­vide 10 e-EH X Ts, man­u­fac­tured at its sub­sea cen­tre of ex­cel­lence in Aberdeen, Scot­land.The e-EHXTs were de­signed in col­lab­o­ra­tion with Eni as part of a stan­dard­i­s­a­tion ex­er­cise, ap­ply­ing field-proven prod­ucts and sys­tems gained from pre­vi­ous projects with Eni on a range of suc­cess­ful deep-wa­ter projects in Africa. In ad­di­tion, BHGE will pro­vide well­heads via a sep­a­rate con­tract awarded by Petro­bel ear­lier this year.

The award un­der­lines the global scope and breadth of BHGE’s full­stream port­fo­lio and lo­cal ca­pa­bil­i­ties, with en­gi­neer­ing sup­port for the project com­ing from the UK, Italy, and Nor­way.The steel struc­tures will be man­u­fac­tured in Alexan­dria, sup­port­ing lo­cal em­ploy­ment in Egypt, as well as the UK, Nor­way, and Italy. Project man­age­ment ser­vices will also be sup­ported from Egypt and the UK.Lever­ag­ing decades of ex­per­tise in-coun­try and grow­ing its lo­cal man­u­fac­tur­ing ecosys­tem, BHGE is com­mit­ted to help­ing se­cure Egypt’s en­ergy fu­ture through the de­vel­op­ment of lo­cal tal­ent and ef­fi­ciency driven so­lu­tions.

THIS PROJECT HAS THE PO­TEN­TIAL TO MEET EGYPT’S GROW­ING GAS DE­MAND AND SAVE THE COUN­TRY BIL­LIONS OF DOL­LARS

Max­imis­ing domestic en­ergy re­sources and op­ti­mis­ing re­li­a­bil­ity of their sup­plies are core el­e­ments of Egypt’s vi­sion

Newspapers in English

Newspapers from Egypt

© PressReader. All rights reserved.