Saipem Clinches USD 370 Mln in New Contracts

Saipem has secured work orders from Eni Angola in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017.

The work, which will be performed by the E&C Offshore division, encompasses the construction and installation of umbilicals, risers and flowlines (deepwater SURF) required for the development of Block 15/06, located 350 km north west of Luanda and 130 km west of Soyo.

Furthermore, in the framework of its maintenance, modifications and operations (MMO) activities, Saipem has received a contract from Eni Ghana Exploration & Production for the engineering, procurement and construction of the infrastructures needed to boost the capacity of the gas stations situated in the vicinity of the ports of Takoradi and Tema in Ghana.

Finally, among the new contracts, the company has been hired by Nord Stream 2 AG for the construction of the last section of the pipeline crossing the Baltic Sea and the shore approach in Greiswald, Germany.

The combined value of the new contracts is approximately USD 370 million.

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