Sapeim Secures Contracts Worth $1bn in Egypt, North Sea and Russia

14 June 2011 (Last Updated June 14th, 2011 18:30)

Sapeim has secured engineering and construction contracts worth $1bn in Egypt, the North Sea and Russia. In Egypt, Burullus Gas Company selected Saipem to provide engineering, procurement, construction and installation services for seven new subsea wellheads and relevant infrastructure

Sapeim has secured engineering and construction contracts worth $1bn in Egypt, the North Sea and Russia.

In Egypt, Burullus Gas Company selected Saipem to provide engineering, procurement, construction and installation services for seven new subsea wellheads and relevant infrastructures, umbilicals and flowlines in the West Delta Deep Marine Concession.

In the Norwegian and British sectors of the North Sea, Sapeim will deploy the Saipem 7000 vessel for platform transportation and installation.

The company will also deploy the Castoro 7 vessel for the installation of subsea pipelines and structures.

Offshore activities in the North Sea are slated to be performed in different periods during 2012 and 2013.

In Russia, the company secured a contract from the Caspian Pipeline Consortium for the expansion of structures relevant to the CPC marine export terminal, near Yuhznaya Ozereyevka on the Black Sea shores in the Krasnodar region of the Russian Federation.

Work under this contract includes engineering, procurement and installation of a new offshore export pipeline for hydrocarbon transportation, and installation of a new offshore mooring system for hydrocarbon export.

Offshore activities in Russia will be carried out during the second half of 2012 by the S355 vessel.