Saipem wins EPCI contracts for offshore Saudi Arabia and West Africa

7 February 2020 (Last Updated September 1st, 2020 14:20)

Italian oil and gas industry contractor Saipem has secured several engineering, procurement, construction and installation (EPCI) contracts worth more than $500m.

Saipem wins EPCI contracts for offshore Saudi Arabia and West Africa
Saipem 7000 vessel will execute the decommissioning of existing infrastructures located in the Thistle Field, North Sea. Credit: Saipem.

Italian oil and gas industry contractor Saipem has secured several engineering, procurement, construction and installation (EPCI) contracts worth more than $500m.

Saudi Arabian state-owned company Saudi Aramco has awarded Saipem a long-term agreement that would be in force until next year.

The work encompasses the EPCI of a 36in carbon steel pipeline onto the existing network around the Ju’aymah area. It also covers brownfield services at Saudi Aramco’s associated offshore platform.

Saipem has also secured a contract from Eni Angola for the Cabaça and Agogo Early phase one developments in West Africa.

It will provide EPCI services of risers, production flowlines, jumpers and the installation of a subsea production system (SPS).

It will perform these services at water depths ranging between 400m and 600m. They will be carried out by the company’s FDS and Saipem 3000 vessels.

Saipem E&C Offshore Division COO Francesco Racheli said: “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who know they can constantly rely on our support in order to pursue their safety, efficiency and reliability targets.

“A good start to the year for the E&C Offshore division and confirmation of the strategic positioning of the company in the Middle East and West Africa.”

Noble Energy has also contracted the company to install a 70km gas pipeline. The pipeline will connect the Alen platform in offshore Equatorial Guinea to the Punta Europa plant.

Additionally, Saipem has received a contract for decommissioning activities in the Thistle Field of the North Sea. The Saipem 7000 will execute these activities.

It also received two transportation and installation contracts in the Middle East and the Gulf of Mexico (GoM).

In November, Saipem secured a subsea contract for the proposed Payara development project in Stabroek block offshore Guyana.