Petrojet has been awarded a preliminary $1.08 billion contract for the second phase of the Hassi Bir Rekaiz oil field project in Algeria.
Petrojet secured the engineering, procurement, and construction (EPC) contract after a competitive bidding process against other international firms.
Working in a consortium with Italy’s Arkad, the project will involve building a central processing facility with a capacity of 31,500 barrels per day. It also includes building 217 kilometers of pipelines.
Egypt’s Minister of Petroleum highlighted the award as a significant step in Petrojet’s ongoing international expansion.
Note by Alessandro Bazzoni