View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 23, 2021updated 25 Nov 2021 9:54am

Saipem secures new $1bn contract from Qatargas

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.

By Umesh Ellichipuram

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology