Italian engineering and drilling services firm Saipem announced that it has been awarded several EPCI contracts worth over 500 million USD in various countries around the world.
A press release from the company on February 6, 2020 said that the first EPCI contract was awarded by Saudi Aramco in Saudi Arabia as part of the Long-Term Agreement in force until 2021.
It said that in West Africa, Eni Angola S.p.A. awarded Saipem a contract related to Cabaça and Agogo Early Phase 1 developments. “The scope of work includes the EPCI of risers, production flowlines, jumpers and the installation of a Subsea Production System (SPS) in water depths ranging between 400 and 600 m to be carried out by Saipem vessels FDS and Saipem 3000,” the release said.
In Equatorial Guinea, Saipem also signed a contract with Noble Energy for the offshore installation of a 70 km gas pipeline connecting the Alen Platform to Punta Europa on the coast.
It said that a number of minor contracts it received are related to the decommissioning of existing infrastructures located in the Thistle Field of the North Sea to be executed by the Saipem 7000 and two other offshore transportation and installation contracts in the Middle East and the Gulf of Mexico.
Francesco Racheli, Saipem E&C Offshore Division COO, commented: “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who know they can constantly rely on our support in order to pursue their safety, efficiency and reliability targets. A good start to the year for the E&C Offshore division and confirmation of the strategic positioning of the company in the Middle East and West Africa.”
In Guyana, Saipem has been awarded subsea contracts for the first two phases of the Liza development in the offshore deepwater Stabroek Block. The company had announced in November 2019 that it was awarded a contract for the proposed Payara development project also located in the Stabroek Block.
