offshore

Italian engineering services provider Saipem has received new engineering and construction (E&C) offshore contracts, worth a total value of $500m, in Latin America.

Saipem has received transportation and installation (T&I) contracts from Cardon IV, a 50:50 joint-venture between Eni and Repsol, for the development of the Perla EP Project, in the Gulf of Venezuela.

Under this contract, Saipem’s scope of work includes transportation and installation of a hub platform and two satellite platforms, a 30in diameter and 67km long offshore export pipeline.

The company will also install two 14in diameter clad infield flowlines and other infield cables, along with the related tie-in operations.

The offshore activities will be carried out by Saipem 3000 and Castoro 7, mainly during the third quarter of 2013 and the second quarter of 2014.

In another deal, Saipem has secured an engineering, procurement, construction and installation (EPCI) contract in Brazil from Petrobras for the development of the Sapinhoa Norte and Iracema Sul Project.

"Saipem has received transportation and installation (T&I) contracts from Cardon IV, a 50:50 joint-venture between Eni and Repsol."

As part of the contract, the company will develop the platforms in the Santos Basin Pre-Salt Region about 300km off the coasts of the states of Rio de Janeiro and São Paulo.

Saipem will be responsible for engineering, procurement, fabrication and installation of two offshore pipelines, with related terminations (PLETs), to be installed in the Sapinhoà Norte and Iracema Sul fields in water depths of 2,200 metres.

These offshore activities will be carried out by Saipem FDS 2 in the fourth quarter of 2014, while pipe logistics and storage will be done at Saipem’s yard in Guarujá, which is currently under development.

In May 2012, Saipem announced that it has secured more than $1.1bn in new engineering and construction offshore contracts in Russia and the North Sea.

In December 2011, Saipem said that it had won $600m of engineering and construction contracts, offshore of South America.


Image: Nasa satellite image of the Guajira Peninsula and Gulf of Venezuela. Photo courtesy of F3rn4nd0.

Energy