Italy’s Saipem has won new global offshore contracts worth over €1bn ($1.3bn).
The contracts will be carried out between now and 2012 in offshore areas including Brazil, Caspian Sea, Mexico, Middle East, North Sea and West Africa.
One of the major contracts signed by Saipem is an extension of the Kashagan Trunklines contract up to December 2011 with Agip KCO for the installation of the pipeline system connecting the offshore production facilities.
The scope of work involves engineering, procurement, fabrication and installation of the production and service pipelines and the power and fibre optic cables.
Saipem has also signed a contract with Brazilian oil company Petrobras for installing risers and flowlines serving the semisubmersible platform in the Roncador field, Campos Basin, about 120km off the coast of Rio de Janeiro, Brazil.
The scope of contract involves engineering, procurement, transportation and offshore installation of 25km of flowlines and 16 steel catenary risers.