Saipem Breaks Off South Stream Ops

sito

Following the latest events regarding the South Stream project, Saipem has received a “Notification of suspension of Marine Spread activities”.

South Stream Transport BV contracted Saipem to perform the offshore laying of the first line and construct the landfalls and shallow-water parts for all four pipelines, as well as complementary works on line 2.

The Swiss-based Allseas Group already confirmed it will be looking for a new engagement for Pieter Schelte after Russia decided to scrap the pipeline project, but there has been no formal proof from Sipem, until now.

The suspension notification, the company received from its client, puts a stop on all the current Saipem vessels involved in the pipe laying activities.

The Italian company said that it is not yet possible to determine the economic impact of the suspension on its business, as both the duration of the suspension and the client’s ultimate decision on the project are unknown.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Aug 2015 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Africa Oil & Gas Conference

Africa Oil & Gas Conference in September 2015 will be that the countries that will be proven most successful in managing their natural…

read more >

Deepwater Intervention Forum

The conference named as Deepwater Intervention Forum will cover areas like designing to reduce training time, developing competency in well…

read more >

Subsea UK’s Challenge Cup

Swing for victory as you compete with teams from around the sector in Subsea UK’s Challenge Cup. An opportunity for networking and fun. Includes 18 holes of golf with a shotgun start, starting with bacon rolls, refreshments at the half-way house and concluding with a late lunch and the prize-giving.

More info

read more >

Diploma in Surveying of Offshore Floating Units

This professional development Diploma in Surveying of Offshore Floating Units has been designed to provide the necessary knowledge required…

read more >