Saipem wins Egyptian offshore work

29 May 2008
The Burullus Gas Company has awarded Italian oil field services company Saipem a contract for the development of Egypt’s Sequoia field, located offshore from the Nile River Delta.

Burullus is a joint venture of the UK’s BG Group, Egyptian Natural Gas Company (Egas) and Malaysia’s Petronas.

Saipem, part-owned by Italian oil major Eni, says the contract covers the engineering, procurement, installation and commissioning of the subsea development system for the Sequoia field in water depths of 70-570 metres, along with a new 22-inch gas export pipeline.

The work will be completed in the second half of 2009.

The contract follows the award by Burullus of a $400m offshore expansion package to Saipem in August 2006 and a contract to provide offshore drilling services on its West Delta Deep Marine concession in the Mediterranean in December of that year (MEED 8:12:06).

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