The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project is operated by Groupement Hassi Bir Rekaiz (GHBR), a joint venture between Sonatrach of Algeria and PTT Exploration and Production Plc (PTTEP) of Thailand.
According to Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, the project supports the Ministry’s strategic goal of strengthening regional cooperation and expanding the international footprint of Egyptian oil companies, especially in Arab and African markets.
PETROJET will lead the project in partnership with Italy’s Arkad S.p.A. The scope includes the construction of a central processing facility with a capacity of 31,500 barrels per day (bbl/d), along with related infrastructure and 217 kilometers of pipelines.
Additionally, PETROJET is collaborating with Sonatrach to establish joint fabrication workshops, aimed at boosting local content, maximizing added value, and generating foreign currency revenues through international operations.
Minister Badawi highlighted PETROJET’s continued success in delivering major international projects. Earlier in 2024, the company completed the manufacturing of subsea systems for Angola and delivered deepwater infrastructure components for the Baleine Phase 2 project in Côte d’Ivoire for Baker Hughes and Eni.