Baker Hughes in Egypt deal

GE’s Baker Hughes (BHGE) has been hired to work on Phase 2 of the massive Zohr gasfield offshore Egypt, the oilfield services giant announced on Saturday.

The value of the contract, which covers subsea works including the EPC of seven manifolds, tie-in systems, long offset subsea and topside control systems, and SemStar5 high-integrity pressure protection systems, was not disclosed.

The company will provide fullstream services that merge digital technology and conventional drilling tools, BHGE said in a statement.

“The Zohr field is one of the most significant developments of its kind, and through this project we can show the efficiency gains that such complex projects can achieve through our enhanced portfolio,” said Lorenzo Simonelli, the president and CEO of BHGE. “This project has the potential to meet Egypt’s growing gas demand and save the country billions of dollars that would otherwise be spent on importing gas.”