Saipem has been awarded offshore service contracts in the Middle East and West Africa with a total value of US$500 million.
The biggest portion of this combined value is for construction and installation of jackets and pipelines in Saudi Arabia. The scope of this Epic contract is for the engineering, procurement, installation and construction of 19 jackets for platforms in the Middle East Gulf.
The facilities will be installed for Saudi Aramco’s redevelopment of giant offshore oil and gas fields Marjan, Zuluf, Berri, Hasbah and the world’s biggest, Safaniya. Another aspect of this massive contract is the installation of pipelines between production facilities within these fields.
In reaction to the contract, Saipem chief executive Stefano Cao commented: “We are further reinforcing our presence in a highly strategic area such as the Middle East.”
The contract renewal in West Africa will involve Saipem providing management and maintenance services on the Gimboa floating production storage and offloading vessel offshore Angola. For another three years, Saipem will also provide personnel, materials and consumables on the oil production ship.