Italian multinational oilfield services company Saipem has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation tool in its offshore projects, named SOCE (Saipem Offshore Carbon Estimation).
This award has been granted to the company following the successful assessment of its tool, based on criteria such as innovation and the environmental, social, and economic benefits.
The company maintains a strong commitment to providing cutting-edge and innovative solutions that meet the demands of a low-carbon future, in accordance with its strategy to be a global energy leader in making the future of its markets sustainable.
“As such, Saipem developed the new CO2 estimation tool with the aim of quantifying the carbon footprint of an entire EPCI (Engineering, Procurement, Construction, and Installation) project following the Life Cycle Assessment methodology,” the company said.
This tool aims to estimate the overall CO2 emissions of a project in each phase, based on the actual performance of Saipem assets (engineering offices, vessels, and fabrication yards) and other processes such as procurement and transportation.
“This information supports Saipem’s and its Clients’ decision-making processes, since it helps identify those activities with the largest impacts in terms of CO2 emissions, specially to demonstrate the environmental sustainability of projects, mainly the ones related to renewable energy,” Saipem stated.
The company has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction and Installation of Subsea Umbilicals Risers Flowlines for the company’s offshore developments at the Stabroek Block.