The deal, worth between $150 million and $300 million, covers engineering, procurement, construction and installation of more than 40 kilometres of rigid pipeline and associated infrastructure in a water depth of more than 900 metres.

Pharaonic, a joint venture between UK giant BP and state-owned Egyptian Natural Gas Holding Company (Egas), is developing the field with an initial three development wells tied back to the existing Taurt field, located in a water depth of 100 metres.

Subsea