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Petrojet-ENPPI Selected for Oman Project Portfolio Exceeding $6bn

Egypt's petroleum ministry said that a consortium of Petrojet and ENPPI had been selected for a six-year engineering, procurement and construction framework agreement with Petroleum Development Oman covering a portfolio of projects worth more than $6 billion.

* The agreement makes the consortium one of four global consortiums eligible to bid for projects within the portfolio, according to the ministry.
* The ministry said the deal was part of Egypt's strategy to support the expansion of petroleum-sector companies abroad and increase exports of engineering and technical services.
* The consortium is expected to support Oman's in-country value targets through knowledge transfer, training Omani engineers, and increasing the participation of local companies and national supply chains, the ministry said.
* The ministry said the agreement opened new horizons for partnership between Egypt and Oman in the energy sector.

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