Saipem secures new $1bn contract from Qatargas

23 March 2021 (Last Updated March 23rd, 2021 10:59)

Saipem has received a contract worth more than $1bn from Qatargas for offshore export pipelines and related onshore works of the North Field Production Sustainability Project.

Saipem secures new $1bn contract from Qatargas
The North Field is located offshore the north-east Qatar peninsula, Qatar. Credit: Qatargas Operating Company Limited.

Saipem has received a contract worth more than $1bn from Qatargas for offshore export pipelines and related onshore works of the North Field Production Sustainability Project.

Under the engineering, procurement, construction, and installation (EPCI) contract, Saipem will be responsible for three export trunklines starting from their respective offshore platforms to the Qatargas North and South Plants in Ras Laffan Industrial City.

Work also includes the development of associated onshore tie-in works and brownfield activities on existing onshore and offshore facilities.

DE HE and Saipem Endeavour vessels are planned to be used to undertake pipelaying operations.

In a press statement, Saipem said: “Saipem will enhance the overall project execution, comprising both EPCO and EPCL scope of work, by combining relevant planned schedules and project management and will start activities immediately. Project completion is expected by mid-2024.”

The contract is part of the development of the North Field production plateau, which also includes the EPCI of offshore facilities, which was awarded to Saipem in February.

Saipem E&C Offshore Division chief operating office Stefano Porcari said: “This additional contract awarded by our key client Qatargas strengthens our consolidated relationship and represents a further proof of the trust in Saipem’s ability to deliver challenging projects and is a sign of success of our positioning strategy in Qatar.”

Last month, Saipem secured a $1.7bn contract from Qatargas for the development of the North Field Production Sustainability Project.

Said to be the world’s biggest single non-associated natural gas field, the North Field is owned by Qatar Petroleum and is operated by Qatar Petroleum subsidiary Qatargas.