Offshore & subsea - 25 October 2019

The offshore Habi gas concession is located in Egypt’s eastern Mediterranean.

The project will last approximately 1 month and commence in 1Q20.

Prior to the drilling of well 6506/11-11 S, the operator’s resource estimate for the discovery was between 3 and 21 million m3 of recoverable oil equivalents.

GMS's customer is an international EPC contractor, for which GMS will provide support for offshore activities on behalf of a Middle East national oil company.

The scope of work for fabrication of the SPS includes: project management; fabrication engineering; procurement; pre-assembly; fabrication; acceptance tests; and system-integration tests.

The licence and assurance will allow certain US and US-owned or controlled entities and also non-US entities to continue providing goods, services and support to Rhum beyond 31 October 2019; when the current licence expires.