Italian firm Saipem has secured two new offshore engineering and construction (E&C) contracts worth more than €600m.
The first contract was awarded by Saudi Aramco Karan, which involves the engineering, procurement, transportation and installation of offshore structures.
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The company will perform these installation activities offshore Saudi Arabia.
As part of the EPCI contract, Saipem will install observation platform, wellhead production deck module, auxiliary platforms, 20in internally cladded flowline and composite power cable.
Eni has also awarded an EPCI contract for block 15/06 – East Hub Development Project, located about 350km north-west of Luanda, Angola.
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The project involves the development of the Cabaça North and Cabaca South-East discoveries located within the block.
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By GlobalDataEni operates the block holding a 35% interest, while the remaining interest is held between Total (15%), Sonangol (15%), SSI (25%), Statoil (5%) and Falcon Oil Angola Investimentos (5%).
In February 2014, Total sold its share of interest in the field to Sonangol for $750m. The block was earlier awarded to the partners during 2006 licensing round in Angola.
Under the contract, Saipem will provide five flexible risers and 20km of rigid flowlines.
In addition, SURF facilities including umbilical sections, rigid spools, well jumpers and 14 PLETs would be fabricated in Angola.
The project is slated for completion by the end of 2016.
