Saipem, PMS Secure Zohr Life of Field Deal Off Egypt

Saipem, in consortium with Petroleum Marine Services (PMS), has secured a contract for life of field operations in the framework of Petrobel’s Zohr deepwater field development located in the Mediterranean Sea, off Egypt.

Petrobel, jointly held by Eni and the Egyptian General Petroleum Corporation (EGPC), is in charge of Zohr development, on behalf of Petroshorouk, jointly held by Eni and the Egyptian Natural Gas holding Company (EGAS).

Under the agreement, PMS will mobilize the DP2 vessel Ahmed Fadel to conduct the work.

For Saipem, operations will be conducted mainly by Sonsub, the company’s business line specialized in management and maintenance services of subsea fields and in underwater technology and robotics, targeted at enhancing the operational efficiency and ensuring the integrity of subsea assets.

Stefano Porcari, director of operations of Saipem’s Offshore E&C division, said: “We are proud to have been selected to support the operational life of the Zohr deepwater field. It is an important opportunity to foster our relationship with Petrobel and our partnership with PMS. This contract confirms Saipem’s leadership position, not only as a ground-breaking construction company but also as a provider of global offshore solutions, from concept to end-of-life of a subsea field.”

The Zohr gas field, discovered in August 2015, is located in the Shorouk Block, offshore Egypt approximately 190 km north of Port Said. The field, a largest gas discovery ever made in Egypt and in the Mediterranean Sea, has a potential in excess of 30 Tcf of gas in place (about 5.5 billion barrels of oil equivalent).

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