The other bidders for the contract included Saipemof Italy and the Norwegian/French Stolt Offshore, which is the main contractor on the deepwater elements of the nearby Scarab and Saffron fields. Technip will be responsible for tying in the Simian/Sienna field with facilities in the Scarab/Saffron system, which is already supplying gas for the domestic market at a rate of 330 million cubic feet a day (cf/d). Simian/Sienna will deliver feedstock for the first 3.6 million-tonne-a-year train at Idku when it comes on stream in 2004. Each system is expected to produce more than 600 million cf/d of natural gas at full capacity. The Sapphire field will be tied in at a later date before the second train at Idku comes on stream (MEED 26:8:02).
Burullus is a joint venture between BG Groupof the UK, Egyptian General Petroleum Corporation (EGPC) and Edison Internationalof Italy. The same three parties, together with the Egyptian Natural Gas Holding Company (Egas)and Gaz de France, are partners in Egyptian LNG(ELNG), which is in charge of the Idku complex. Edison is transferring its upstream and downstream assets in the project to Petronas of Malaysia, after agreeing to sell its 50 per cent stake in the West Delta concession and its 35.5 per cent stake in ELNG to the company in late April. The $1,750 million sales agreement is awaiting approval by the Egyptian government (MEED 2:5:03).
The WDDM concession has so far yielded 16 consecutive discoveries of gas condensate. Holding some 370 billion cubic metres (13 trillion cubic feet) of proven reserves, it is the largest offshore integrated natural gas project in the Mediterranean (MEED 10:1:03).
This latest contract marks a shift by Technip into upstream offshore work in Egypt. Until now the company has been chiefly engaged in downstream refinery work at Alexandria, Ameriya and Suez.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.