Saipem Wins $280m Indonesia Deal

13 May 2009 (Last Updated May 13th, 2009 18:30)

Italian offshore contractor Saipem has been awarded a new contract by Premier Oil Natuna Sea to develop the Gajah Baru field, offshore Indonesia. Saipem's share of the EPCI contract is worth about $280m. It includes engineering, procurement, transport and installation of the platforms a

Italian offshore contractor Saipem has been awarded a new contract by Premier Oil Natuna Sea to develop the Gajah Baru field, offshore Indonesia.

Saipem's share of the EPCI contract is worth about $280m. It includes engineering, procurement, transport and installation of the platforms and pipeline.

The field is located in the Natuna block A in the West Natuna Sea, operated by Premier Oil Natuna.

Saipem, which is part of a consortium with PT SMOE Indonesia, will work on the Central Processing Platform, the Wellhead Platform, a connecting bridge and a 16ft gas export pipeline.

The Central Processing Platform will be installed using the floatover method, while other platform facilities and pipeline will be installed using Saipem’s Castoro Otto derrick barge.

The work is scheduled to finish in the fourth quarter 2011.