The Petroleum Projects and Technical Consultations Company (PETROJET) has received a preliminary award for the general contractor contract for the second-phase development of the Hassi Bir Rekaiz conventional oil field in Algeria, valued at $1.087 billion, according to a statement by Egypt’s Ministry of Petroleum and Mineral Resources on October 20.
The award follows PETROJET’s successful qualification through a competitive bidding process against several major international contractors.
PETROJET will execute the project in collaboration with Italian engineering firm Arkad SpA, forming a PETROJET-led consortium for the Hassi Bir Rekaiz complex— a joint venture between Algerian national oil company SONATRACH and Thailand’s PTTEP.
The scope of work includes the construction of a central processing facility with a capacity of 31,500 barrels per day, along with related infrastructure and approximately 217 kilometers of pipelines.
Minister of Petroleum Karim Badawi emphasized the significance of PETROJET’s continued international expansion, highlighting its strong track record in delivering major energy projects across multiple countries.
He noted that this initiative aligns with the ministry’s strategy to enhance regional cooperation and enable Egyptian companies to undertake large-scale projects abroad, particularly within Arab and African markets.
According to the ministry, the award marks a strategic milestone for PETROJET, reinforcing its growing presence in the Algerian market. It also complements ongoing efforts to establish joint manufacturing workshops with SONATRACH, aimed at increasing local value addition, optimizing surplus capacity, and generating foreign currency revenues through international projects.
Source: Zawya