Bouygues and Saipem Win Algerian Development Project

Bouygues Offshore and Saipem have won a turnkey contract for an oilfield development project in Algeria. The contract, worth US $257 million (US $128.5 million for Bouygues Offshore), was awarded after a public opening process by the Sonatrach / BHP Billiton partnership on behalf of Sonatrach / BHP Billiton / Agip. It covers the Rhourde Ouled Dejmma field and five satellite fields, all located in Berkine Basin, East of Hassi Messaoud.

This contract covers the engineering, procurement and construction of the facilities designed to:

• Gather the oil produced from the six fields.
• Process 80,000 barrels per day of oil.
• Compress gas output for re-injection into the reservoirs.
• Inject water to maintain reservoir pressure.
• Store production before shipment.

The work will be completed within two years.

Commenting on this contract, Herve Le Bouc, Chairman of Bouygues Offshore stated: "This major contract, the third in Algeria after the expansion of the Mesdar oil terminal in 2001 and the Gassi Touil gas gathering and compression station in 1999, confirms Bouygues Offshore's market leadership in the country, where it operates through its BOS Sofresid Algerie subsidiary".