Italian oilfield services company Saipem has secured two new offshore contracts worth nearly $850m (€786.4m) for work on separate projects in the Black Sea and offshore UK.

The first contract has been awarded by Turkish Petroleum OTC for the second phase of the Sakarya FEED and EPCI Project.

The company will be responsible for the engineering, procurement, construction, and installation of a 16in pipeline over a distance of 175km in the Turkish Black Sea at a depth of 2,200m.

The offshore operations are due to commence in summer 2024 and will be conducted by the company’s Castorone vessel.

The latest contract follows Saipem recently completing the first phase of the Sakarya Gas Field Development project.

The second contract from EnQuest Heather is for the decommissioning of the existing Thistle A Platform.

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By GlobalData

The platform is situated in a water depth of 162m in the UK region of the North Sea, around 510 miles north-east of Aberdeen.

With the potential to include additional subsea facilities, Saipem will be in charge of the engineering, topsides and jacket preparation, removal and disposal.

The Saipem 7000, a semi-submersible heavy lifting vessel, will be used to carry out the tasks.

Saipem chief commercial officer Fabrizio Botta said: “These important awards demonstrate Saipem’s excellent competitive positioning in the offshore engineering and construction market, a sector that is experiencing a full expansion momentum of which Saipem is ready to seize the opportunities.

“The contract awarded in the Black Sea is a confirmation of Saipem’s prominent positioning and of its long-standing relationships with clients. The North Sea contract, finally, is a further example of Saipem’s capabilities in a segment where the combination of innovative engineering, unique assets and safe operations is crucial”.