Baker Hughes, a GE Company Awarded Subsea Contract by Petrobel for Phase 2 Development of EgyptS Super Giant Zohr Gas Field
In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company (NYSE: BHGE) revealed a significant subsea contract from Petrobel for phase two of the "supergiant" Zohr Gas Field located in the Mediterranean Sea, off the Egyptian coastline. The project highlights the company's position as the world's very first and only integrated fullstream service provider of innovative subsea technology, products, services and digital solutions.
As a long-lasting partner to Egypt, BHGE will offer project management, engineering procurement, fabrication, construction, screening and transport of a subsea production system, consisting of seven manifolds, tie-in systems, long balanced out subsea and topside control systems, SemStar5 HIPPS (high stability pressure protection) Equipments, workover systems and devices, and will sustain the installment, appointing and start-up operations.
H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, Egypt, said: "Making the most of residential energy resources and enhancing reliability of their products are core aspects of Egypt's vision. We have the ability to increase the worth and performance of the sector by owning a lasting and energy-efficient economic situation through the ministry's Modernization Program in partnership with business such as BHGE. The Zohr gas area is playing a major duty in the advancement of Egypt's domestic energy resources, income generation and economic growth."
Lorenzo Simonelli, president and Chief Executive Officer, BHGE, said: "This site contract enhances our dedication to give competitive offerings for our companions, enhanced by BHGE's local visibility and innovative innovation. The Zohr Area is just one of the most considerable growths of its kind, and through this project we could show the performance gains that such complex projects can achieve with our boosted profile. This project has the potential to satisfy Egypt's growing gas demand and save the nation billions of dollars that would or else be spent on importing gas. Along with our companions, BHGE can support Egypt's needs and vision for the power industry and demonstrate its management in the subsea space."
Petrobel is a joint endeavor between IEOC (an Eni subsidiary in Egypt) and Egyptian General Oil Company (EGPC) and is in charge of the growth of Zohr Area in support of PetroSherouk, a joint venture between Egyptian Natural Gas Holding Company (EGAS) and IEOC.
Eng. Atef Hassan, Chairman and Managing Director, Petrobel, mentioned: "Partnering with BHGE on this project demonstrates the expanding requirement for long-term solution and devices providers that complement our efforts in owning optimized production. The Zohr Field will contribute to the development and sustainability of Egypt's sources, and BHGE's financial investment and competence throughout oilfield solutions and tools will help us drive further efficiencies along the way.
This project draws on the experience of BHGE in big bore, long offset gas fields and incorporates an integrated HIPPS system and settings BHGE as a market leader in this area. For the first time, BHGE will certainly also provide 10 e-EHXT trees, produced at its subsea center of excellence in Aberdeen, Scotland. The trees were developed in cooperation with Eni as part of a standardization exercise, applying field-proven products and systems acquired from previous projects with Eni on a series of successful deep-water tasks in Africa. On top of that, BHGE will give wellheads via a different agreement awarded by Petrobel previously this year.
The award underlines the global range and breadth of BHGE's fullstream profile and local capacities, with engineering assistance for the project coming from the UK, Italy and Norway. The steel structures will certainly be produced in Alexandria, supporting local work in Egypt, in addition to the UK, Norway and Italy. Project administration solutions will certainly likewise be supported from Egypt and from the UK. Leveraging decades of experience in-country and growing its local manufacturing ecological community, BHGE is committed to helping protected Egypt's power future through the growth of local ability and efficiency-driven solutions.
