Petrojet

What Petrojet does

Petrojet (The Petroleum Projects and Technical Consultations Company) is an Egyptian state-owned engineering, procurement, and construction (EPC) contractor headquartered in Cairo and founded in 1975. Operating under Egypt's Ministry of Petroleum and Mineral Resources, the company serves state-owned and international oil and gas companies (NOCs/IOCs) with integrated EPC services spanning oil and gas field development, central processing facilities, gas and hydrogen pipeline construction, LNG pre-conditioning infrastructure, and seawater treatment and injection systems for enhanced oil recovery. With a workforce of 10,000+ and a five-decade regional track record, Petrojet executes projects across Egypt, Algeria, Oman, UAE, and Jordan, with newly secured certification enabling entry into European markets.

The company's core offering is a single integrated EPC service delivered through consortium structures, often partnering with fellow Egyptian state-affiliated firm ENPPI or international partners such as Italy's Arkad S.p.A. Notable projects include the $1.087 billion Phase 2 development of Algeria's Hassi Bir Rekaiz oil field (with Arkad), the $1.24 billion LNG pre-conditioning plant for Adnoc Gas' Ruwais LNG terminal (with ENPPI), a $273 million natural gas pipeline and $250 million hydrogen pipeline in Oman for OQ Gas Networks, and a six-year EPC framework with Petroleum Development Oman positioning the consortium for projects across a portfolio exceeding $6 billion. The company also holds a subcontractor role on the $500 million Harmattan gas field development in Egypt's El Burg Offshore concession for Arcius Energy (BP-ADNOC JV).

Petrojet generates revenue through one-time, project-based EPC contracts awarded via competitive tendering, with contract values typically shared across consortium partners. Pricing is not publicly disclosed. Customer acquisition relies on direct enterprise engagement, ministerial-level bilateral relationships, and participation in industry forums such as Oman's Green Hydrogen Summit. Recurring customers include PDO, Sonatrach, ADNOC, Adnoc Gas, TAQA, OQ Gas Networks, and Arcius Energy, with bonding and working-capital capacity supported by financial partners such as Afreximbank. The company operates with no disclosed private equity or venture capital ownership and reports no publicly available revenue figures.

Name

Petrojet

Legal name

The Petroleum Projects and Technical Consultations Company

Website

https://petrojet.com.eg

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Petrojet is an Egyptian state-owned EPC contractor serving NOCs and IOCs with integrated engineering, procurement, and construction services for oil and gas fields, pipelines, LNG, and hydrogen infrastructure across MENA and now Europe.

Ownership category

akta.pro rank

Product category

Oil and Gas EPC Services

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

Keywords

• Oil and gas EPC
• Pipeline construction
• LNG infrastructure
• Hydrogen pipeline networks
• Offshore engineering

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contract Revenue: Petrojet generates revenue through one-time engineering, procurement, and construction contracts awarded via competitive tendering for oil and gas infrastructure projects. Revenue is project-based and may be shared through consortium arrangements with partners such as ENPPI.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Petrojet is an Egyptian state-owned engineering, procurement, and construction (EPC) contractor that delivers oil and gas field infrastructure for national and international oil companies. Its work spans natural gas and hydrogen pipelines, central processing facilities for oil field development, LNG pre-conditioning plants, and seawater treatment and injection systems for enhanced oilfield recovery. The company secures contracts via competitive tendering and delivers them through consortium structures with partners such as ENPPI and Arkad S.p.A.

Product overview

Petrojet (Petroleum Projects and Technical Consultations Company) is an Egyptian state-owned engineering, procurement, and construction (EPC) contractor specializing in oil and gas infrastructure. The company operates as a single integrated service offering with no modular product structure. Its portfolio includes natural gas pipeline construction (such as the 193km Fahud-Suhar pipeline), hydrogen pipeline network development (400km initial phase), oil field development with central processing facilities, LNG pre-conditioning plant construction, and seawater injection systems for enhanced oil recovery. Petrojet primarily serves national oil companies through direct contracts and framework agreements, positioning itself among international contractors competing for projects exceeding $6 billion in value.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Pipeline Construction
• Hydrogen Pipeline Network Development
• Oil Field Development Full-cycle oil field development services including central processing facilities with 31,500 barrels per day capacity and pipeline construction, demonstrated on Algeria's Hassi Bir Rekaiz field.
• LNG Pre-conditioning Plant Construction EPC services for LNG infrastructure including pre-conditioning plants as part of major terminals such as the Ruwais LNG terminal in Abu Dhabi.
• Seawater Injection Systems Engineering and construction of seawater treatment and injection infrastructure for oilfield enhanced recovery operations, including systems for ADNOC's Bab and Bu Hasa oilfields.
• EPC Framework Agreements Long-term engineering, procurement and construction framework agreements with national oil companies for competitive project tendering in multi-billion dollar portfolios.

Quantifiable outcome

• Completed 193-kilometer natural gas pipeline in Oman with 9 million standard cubic metres per day capacity
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core, significant and minor.

• ENPPIcoreStrategic or Co-development PartnerPetrojet and ENPPI, both Egyptian state-owned or affiliated companies, operate as a consortium for international EPC projects. The consortium has secured a six-year EPC framework with PDO in Oman (portfolio over $6 billion) and jointly won a $1.24 billion LNG pre-conditioning plant contract for Adnoc Gas in Abu Dhabi.
• Arkad S.p.A.coreStrategic or Co-development PartnerPetrojet leads a consortium with Italian company Arkad Spa for the Phase 2 development of Algeria's Hassi Bir Rekaiz oil field, a project valued at approximately $1.087 billion. Arkad holds 44% of the EPCCS-1 contract worth approximately $1 billion, awarded by Groupement Hassi Bir Rekaiz (Sonatrach-PTTEP JV).
• OQ Gas NetworkscoreStrategic or Co-development PartnerPetrojet secured a $273 million EPC contract from OQ Gas Networks to build a 193-kilometer natural gas pipeline (Fahud-Suhar) and will execute the first phase of OQGN's 400-kilometer hydrogen pipeline network. Announced during Oman's Green Hydrogen Summit, the combined investment is $523 million.
• Arcius Energy (BP-ADNOC JV)significantStrategic or Co-development PartnerPetrojet serves as a subcontractor alongside Petroleum Marine Services on the $500 million Harmattan gas field development in Egypt's El Burg Offshore concession. The EPCI contract was awarded to ENPPI as primary contractor, with Petrojet and PMS as subcontractors.
• Jordanian Energy EntitiesminorStrategic or Co-development PartnerEgypt and Jordan agreed to establish joint technical working groups for natural gas distribution projects in Ma'an and Al Muwaqqar. Petrojet is among the Egyptian companies (alongside Enppi and Gas Misr) already operating in the Jordanian market, with prospects for cooperation in green hydrogen and ammonia production.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Regional players

• National Petroleum Construction Company (NPCC): Abu Dhabi-based EPC contractor owned by ADNOC, executing offshore and onshore oil & gas infrastructure projects across the UAE and GCC — directly competes with Petrojet for UAE-based awards such as Estidama and Habshan.
• Galfar Engineering & Contracting: Oman-based EPC contractor with oil & gas, pipeline and infrastructure capabilities and a strong domestic footprint — competes with Petrojet for OQ Gas Networks and PDO tenders in Oman.

Direct peers

• ENPPI: Egyptian state-owned EPC contractor specializing in oil & gas, petrochemical and energy infrastructure — Petrojet's most frequent consortium partner and direct domestic competitor for the same NOC clients.
• Arkad S.p.A. Italian EPC contractor specializing in oil & gas processing and pipeline infrastructure, operating extensively in North Africa — Petrojet's consortium partner on the $1.087B Hassi Bir Rekaiz project and direct comp on similar NOC contracts.

Broad incumbents

• TechnipFMC: Global EPC and subsea contractor with significant LNG, refining and pipeline execution capability worldwide — competes with Petrojet for large LNG and gas processing EPC tenders in MENA.
• Petrofac: UK-headquartered EPC and operations services provider with strong MENA presence (historically including Egypt and Oman) — competes with Petrojet for upstream and gas-processing EPC contracts in the same geographies.
• McDermott: Global EPC contractor with extensive MENA offshore and onshore energy infrastructure experience — competes with Petrojet in GCC tenders for oil & gas processing and pipeline projects.
• Worley: Australian-headquartered global EPC and energy project services provider with significant Middle East energy infrastructure presence — competes with Petrojet for upstream, midstream and hydrogen pipeline EPC work.
• Saipem: Italian-headquartered global EPC contractor with deep oil & gas, LNG and pipeline capabilities across MENA, Africa and Europe — Petrojet competes against Saipem in tenders for large-scale NOC projects in Algeria, UAE, and Oman.
• Larsen & Toubro (L&T Energy): Indian-headquartered multinational EPC with oil & gas, hydrocarbon and pipeline execution capabilities across MENA — competes with Petrojet on cost-driven tenders in GCC and African markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Petrojet_co

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrojet