Saipem has secured two offshore contracts in Saudi Arabia valued at around $400m (€339.52m) under an existing long-term agreement with Aramco.
The Italian oilfield services contractor will carry out engineering, procurement, construction and installation (EPCI) activities related to water injection facilities at the Safaniya oilfield.
The scope of the work under the first contract, designated as CRPO 154, involves the delivery of a new water injection tie-in platform, two water injection wellheads, 5km of 24in diameter pipeline and roughly 15km of 15kV cables at Safaniya.
Under the second contract, identified as CRPO 155, Saipem will undertake similar EPCI work for four additional water injection wellheads and related subsea infrastructure at the same oilfield.
Saipem will use its fleet of construction vessels currently operating in the region to support offshore operations.
Fabrication associated with these projects will take place at Saipem’s Saudi Fabrication Yard through Saipem Taqa Al-Rushaid Fabricators.
The Safaniya field, which lies approximately 260km north of Dhahran, spans almost 750km² and is one of the largest offshore oilfields globally. The field has been producing since the late 1950s.
It was first targeted for upgrades through the Safaniya Master Development Plan launched by Aramco in the late 2000s. This plan aimed to improve oil recovery and enhance operational efficiency to maintain oil production at 1.3 million barrels per day (mbbl/d).
Efforts have included upgrades to existing wellheads and the installation of electric submersible pumps as part of an artificial lift system. Other initiatives included improvements to crude-gathering installations and electrification of platforms in the central and northern areas of the field.
The Safaniya site is operated using more than 600 wells linked via a network of offshore platforms and gas-oil separation units.
The field produces associated gas, which is distributed through Aramco’s Master Gas System within the country.
Prior to this, Saipem secured an offshore contract in Saudi Arabia under an existing long-term agreement with Aramco, identified as a contract release purchase order valued at around $500m (SR1.88bn).
