Saipem Wins USD 1 Billion in New Contracts

Saipem has been awarded new contracts and change orders in the E&C offshore segment, for an overall amount of about 1 billion dollars.

In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering, procurement, installation, construction), under the long-term agreement in force and renewed in 2015 until 2021 for activities in Saudi Arabia.

These two contracts refer to, respectively, the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf.

The contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.

Furthermore, the two contracts will also include additional maintenance and dismantling works on the existing platforms already operating in the fields.

“With these contracts, Saipem is further reinforcing its presence in the Middle East, a highly strategic area,” said Stefano Cao, CEO of Saipem. “New contracts from a long-standing customer like Saudi Aramco are also an important, strong mark of its trust in Saipem as – once again – the high quality of its services and its solid expertise in the construction and installation of offshore platforms is recognised”.

Share this article

Follow Subsea World News

Events>

<< Feb 2018 >>
MTWTFSS
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 1 2 3 4

FPSO Roundtables 2018

The entire FPSO value chain is now critically aware of how conventional modes of cooperation and project delivery must change in light…

read more >

4th FPSO Europe Congress 2018

Welcome to the 4th FPSO Europe Congress, the region’s largest platform for oil companies, FPSO contractors, investors and solution providers…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >

IADC/SPE Drilling Conference and Exhibition

The conference is co-hosted by the International Association of Drilling Contractors (IADC) and the Society of Petroleum Engineers (SPE)…

read more >