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2016-07-07 18:00:00

SAIPEM CONTRACT: $1.5 BLN

SAIPEM CONTRACT: $1.5 BLN

 

EGYPT OIL GAS MAP

 

TO&GY wrote, Eni engineering and construction subsidiary Saipem on Thursday announced the award of offshore engineering and construction contracts with a combined value of more than USD 1.5 billion, including work related to the Zohr gasfield development project in Egyptian waters.

While not specifying an amount, Saipem noted that the Egypt contract award by Petrobel was its "most significant" one. The work awarded by the Eni-Egypt General Petroleum Corporation joint venture will see Saipem install trunklines and carry out engineering, procurement, construction and installation work on 6 wells and their umbilical systems in 1,700m of water. The company expects to fulfil the scope of its contract by the end of 2017.

"We will mobilize a fleet of vessels with last-generation capabilities, and leverage on our proven expertise and consolidated presence in the area, in order to ensure our clients achieve their targets," Saipem CEO Stefano Cao said in a press release. The company aims to deploy its Castorone pipelaying vessel, the semisubmersible pipelayer Castoro Sei and pipelay barge Castoro 10, among other vessels.

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Earlier:

EGYPT: 

ROSNEFT LNG FOR EGYPT 

EGYPT & SAUDI INVESTMENT FUND 

EGYPT SEEKS MONEY 

GAS FOR EGYPT: $10 BLN 

ROSNEFT & EGYPT DELIVERIES

 

ENI, SAIPEM: 

ENI & CYPRUS COOPERATION 

THE NEW FIND OF ENI & BP 

ENI CUTS 21% 

ENI DISCOVERS EGYPT 

ENI DOWN 70%

 

 

 



Tags: SAIPEM, ENI, EGYPT, ZOHR, GAS

Chronicle:

SAIPEM CONTRACT: $1.5 BLN
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

SAIPEM CONTRACT: $1.5 BLN
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

SAIPEM CONTRACT: $1.5 BLN
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

SAIPEM CONTRACT: $1.5 BLN
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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