Tolfem Investments Limited: Saipem: LOI for the award of new EandC Offshore work order for the Ramp Up to Plateau phase of the Zohr Field Development Project, worth more than $1.2 billion

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Sunday 23 December 2018

Saipem: LOI for the award of new EandC Offshore work order for the Ramp Up to Plateau phase of the Zohr Field Development Project, worth more than $1.2 billion

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for engineering, procurement, construction and installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast. ...»