VOL. XL

No. 19

12-May-1997

EGYPT

Bapetco Awards Obayed EPC Contract To Brown& Root

Badr al-Din Petroleum Company (Bapetco), the joint venture owned 50% by theEgyptian General Petroleum Corporation (EGPC) and 50% by Shell, has awarded the engineering,procurement and construction (EPC) contract for development of the Obayed gas field in Egypt'sWestern Desert to Brown & Root of the US. The value of the con-tract is reportedly about$170mn. Brown & Root's competitors for the EPC contract...