Saipem Wins Multiple Offshore Contracts Worth Over USD 500 Million

Time to read
1 minute
Read so far

Saipem Wins Multiple Offshore Contracts Worth Over USD 500 Million

Fri, 02/07/2020 - 12:00
Posted in:
1 comment
Saipem wins multiple offshore contracts worth over USD 500 million (Copyright: Saipem)
Saipem wins multiple offshore contracts worth over USD 500 million (Copyright: Saipem)

Saipem has been awarded several EPCI contracts in various countries around the world worth over 500 million USD. 

The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The scope of the offshore work encompasses the design, engineering, procurement, construction and installation of a 36” carbon steel pipeline onto the existing network around the Ju’aymah area and brownfield services at the associated offshore platform.

Furthermore, in West Africa, Saipem has been assigned a contract by Eni Angola S.p.A. related to Cabaça and Agogo Early Phase 1 developments. The scope of work includes the EPCI of risers, production flowlines, jumpers and the installation of a Subsea Production System (SPS) in water depths ranging between 400 and 600 m to be carried out by Saipem vessels FDS and Saipem 3000.

In the same region, specifically in Equatorial Guinea, Saipem has also signed a contract with Noble Energy for the offshore installation of a 70 km gas pipeline connecting the Alen Platform to Punta Europa on the coast.

Additional minor contracts awarded are related to the decommissioning of existing infrastructures located in the Thistle Field of the North Sea to be executed by the Saipem 7000 and two other offshore transportation and installation contracts in the Middle East and the Gulf of Mexico.

Francesco Racheli, Saipem E&C Offshore Division COO, commented: “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who know they can constantly rely on our support in order to pursue their safety, efficiency and reliability targets. A good start to the year for the E&C Offshore division and confirmation of the strategic positioning of the company in the Middle East and West Africa”.

Comments

Submitted by P S Balasubramanian (not verified) on Fri, 02/14/2020 - 09:18 Permalink

Nice to know that Saipem was warded multiple Off-Shore contracts. An Italian company capable of completing the project well in time. Best wishes

Add new comment

The content of this field is kept private and will not be shown publicly.

Text only

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.