NIpetco and PetroAmriya, two joint ventures between Energean and Egyptian Natural Gas Holding Co. (EGAS) and Egyptian General Petroleum Corp. (EGPC), awarded TechnipFMC an integrated engineering, procurement, construction and Installation contract for a subsea tieback offshore Egypt on the North El Amriya and North Idku concession (NEA/NI).
TechnipFMC will design, manufacture, deliver, and install subsea equipment including the subsea production system, subsea trees, production manifolds, umbilicals, flexible pipelines, jumpers, and associated subsea and topside controls. The contract is valued by the service provider at $75-250 million.
Energean made a final investment decision on the subsea tieback project in January (OGJ Online, Jan. 21, 2021). The NEA concession contains two discovered and appraised gas fields (Yazzi, Python) while the NI concession contains four discovered gas fields, one of which is readied for development. NEA/NI is due to deliver first gas in second-half 2022 with 49 MMboe of 2P reserves, 87% of which is gas. Peak production is expected at 90 MMscfd plus 1,000 b/d of condensates.
TechnipFMC is currently partnering with Energean to develop Karish gas field in the Mediterranean Sea offshore Israel.