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Tag: Petrobel

ADES wins contract extensions for two offshore jackup rigs in the Gulf of Suez

Posted: September 13, 2017 at 7:12 pm   /   Oil & Gas

Drilling contractor ADES International Holding has secured contract renewals for two of its jackups in the Gulf of Suez offshore Egypt. General Petroleum Co. has extended the hire of the Admarine VI to March 2018, while the Admarine V will work for a further year for Petrobel, with an optional six-month extension. In addition, ADES […]

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Egypt “muscling in” on global natural gas production

Posted: September 11, 2017 at 1:21 pm   /   Oil & Gas

Baker Hughes, a GE company, announced September 9, 2017 a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. BHGE will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, and will support the installation, […]

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Baker Hughes awarded subsea contract by Petrobel for Phase 2 of Zohr Development

Posted: September 9, 2017 at 2:58 pm   /   Oil & Gas

Baker Hughes, a GE Company Awarded Subsea Contract by Petrobel for Phase 2 Development of Egypt’s ‘Super Giant’ Zohr Gas Field. • BHGE to provide engineering, fabrication and construction of subsea production system and support for installation, commissioning and start-up; • Building on existing local capabilities, BHGE will contribute to the development of Egypt’s domestic […]

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ADES announces appointment of new CFO

Posted: September 9, 2017 at 2:13 pm   /   Oil & Gas

ADES International Holding has named Ahmed El-Khatib as a Chief Financial Officer (CFO) with immediate effect. ADES is a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries. The group operates a fleet of nine jack-up offshore drilling rigs, three onshore drilling […]

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Egypt's Petrobel achieves 30% increase over target in gas production

Posted: August 23, 2017 at 11:21 am   /   Oil & Gas

Company produces 75,000 crude oil barrels. Belayim Petroleum Company (Petrobel) has achieved a 30% increase over target in gas production in the current fiscal year. A source at the company told Daily News Egypt that the production increased to 1.6 billion cubic feet of gas per day. He pointed out that the company accounts for […]

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Petrobel: Zohr gas field work 83.5% complete, progressing quickly

Posted: August 22, 2017 at 3:40 pm   /   Oil & Gas

Progress of development works of the Mediterranean’s largest gas field Zohr was given at a current rate of 83.5 percent, with $4 billion in investments so far. At the beginning of the month, Zohr works were 80 percent complete as stated by the Ministry of Petroleum, with $3.8 billion in investments. In a meeting with […]

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Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase

Posted: July 27, 2017 at 8:52 pm   /   Oil & Gas

Saipem awarded offshore contract variations worth 900 million USD for the Optimised Ramp Up phase of the Zohr Field Development Project. Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development […]

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ADES awarded series of Gulf of Suez drilling contracts by Eni

Posted: July 4, 2017 at 1:48 pm   /   Oil & Gas

Drilling and production services provider ADES International Holding Ltd said Monday it has made a series of contract agreements despite a period of oil price decline. The first contract is a new one awarded by Belayim Petroleum Co (Petrobel), a joint venture between Egyptian General Petroleum Corp (EGPC) and ENI IEOC, a subsidiary of Italian […]

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MOP - Zohr

El Molla: Zohr project 71% complete, production 1 bcf/d by end of year

Posted: June 18, 2017 at 3:04 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, Italy’s Eni, and BP to follow up on the development of the Zohr field project. EGAS Chairman , EGPC Chairman, Petrobel’s Chairman, Enppi’s Chairman, […]

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Petrojet Zohr

Petrojet completes Zohr offshore platform ahead of schedule

Posted: June 4, 2017 at 5:20 pm   /   Oil & Gas

Petrojet company managed to complete manufacturing the offshore platform of Zohr gas field four months before the due date, Petrojet said in a Saturday statement. Chairman and Managing Director of Petrojet Salah Ismail inaugurated the platform, which weighs about 6,000 tons and was manufactured at Petrojet’s marine manufacturing yard in Alexandria. Zohr gas field is […]

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