The contract has been awarded for the North Field Production Sustainability (NFPS) Offshore Compression Complexes Project – EPC 2.
Saipem noted that the order marks the ‘largest’ single offshore contract by total value in its history.
Under the contract, Saipem will be responsible for the engineering, procurement, fabrication, and installation of two offshore natural gas compression complexes.
Intended to sustain the production of the North Field, the offshore natural gas compression complexes will comprise interconnecting bridges, two fixed steel jacket compression platforms, flare platforms, interface modules, and living quarters.
Saipem plans to make use of its own assets along with its expertise and capabilities related to offshore installation, engineering, and fabrication to execute the contract.
In a press statement, the firm said: “With this contract, Saipem accelerates its strategic repositioning in the offshore segments (E&C and drilling), which represent the large majority of the announced order intake year-to-date, further supporting the delivery of its strategic plan.”
The North Field is located off the north-east coast of the Qatar peninsula. It spans an area of over 6,000km².
In March 2021, Qatargas awarded a $1bn contract to Saipem for offshore export pipelines and related onshore works for the North Field Production Sustainability Project.
In the same year, the Italian contractor was also selected for additional scope of work for the same project.
The additional work involved rerouting the hydrocarbons from the existing wellhead platform via the new facilities, due to the decommissioning of an existing pipeline.