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October 16, 2018

Saipem wins three offshore engineering and construction contracts

Italian oil and gas contractor Saipem has secured three new offshore engineering and construction (E&C) contracts in Azerbaijan, the North Sea and the Republic of Congo, which together are valued at around $400m.

Italian oil and gas contractor Saipem has secured three new offshore engineering and construction (E&C) contracts in Azerbaijan, the North Sea and the Republic of Congo, which together are valued at around $400m.

The consortium comprising Saipem’s subsidiary Saipem Contracting Netherlands, Boshelf and Star Gulf has received a subsea, umbilical, riser and flowline (SURF) contract in Azerbaijan for the development of the Absheron field from 10m to 500m of water depth. The contract was awarded by Total, which owns a 50% interest in the field.

Under the contract, the consortium will undertake offshore engineering, procurement, fabrication, and installation.

The parties will offer assistance to commissioning and to performance testing of a 12in single production flowline and its Flowline End Termination structure (FLET), and of a main umbilical.

In the Southern North Sea, Humberside Gathering System, on behalf of the Tolmount Development Partners (Premier Oil and Dana Petroleum), awarded a pipeline engineering, procurement, construction and installation (EPCI) contract to Saipem for the development of the Tolmount Main gas field.

Saipem E&C Offshore Division chief operating officer Stefano Porcari said: “These new offshore contracts confirm Saipem’s success in achieving its strategy aimed at consolidating its leadership in traditional markets, such as SURF, Conventional and Pipelines, as well as at diversifying its business in Non-Oil Capex segments, such the Modifications Maintenance Operations market.

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“These new offshore contracts confirm Saipem’s success in achieving its strategy aimed at consolidating its leadership in traditional markets.”

“The SURF contract, in particular, confirms the importance of Azerbaijan, where we have been working with continuity for several years, bringing our expertise to create an enduring and fruitful relationship in the country as well as contributing and consolidating our local content endeavour.”

The third contract was secured from Eni Congo and involves the provision of maintenance services, modifications, and improvements on all offshore sites of Eni Congo in the Republic of Congo.

Set to run over 36 months, the contract will see Saipem’s subsidiary Boscongo deliver on-site maintenance activities, including troubleshooting, planned and unplanned maintenance, in addition to the supply of spare parts, materials and workshop activities.

Earlier this year, Saipem secured an offshore engineering contract from ConocoPhillips for decommissioning the UK North Sea.

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