Saipem gets US$900 million contract for work offshore Norway, Brazil

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Saipem said it has been awarded two offshore contracts for a total amount of approximately US$900 million.

The first contract was awarded by TotalEnergies for work offshore Brazil on the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin in the South Atlantic, 270 kilometres off the coast of São Paulo.

Aker Solutions do Brasil is Saipem’s partner on this contract, which involve the engineering, procurement, construction, and installation (EPCI) of subsea umbilicals, risers, flowlines (SURF) as well as a subsea production system (SPS).

LAPA SW Development Project is the first ever integrated SURF and SPS project awarded by TotalEnergies. It announced a final investment decision (FID) for the project last Monday. 

Saipem said it will make use of its yard Guarujá CTCO (Centro de Tecnologia e Construção Offshore) for logistics activities and Quad Joints Fabrication and some other manufacturing activities, a move that it expects to maximise local content.

The other contract has been awarded to Saipem by Equinor for the Irpa Pipeline project. The project, located in deep waters in the Norwegian Sea, consists of the installation of 80-kms-long swagged pipe-in-pipe pipeline connecting the subsea production template of the Irpa field to the existing Aasta Hansteen platform.

Equinor seeks Norway’s approval for US$1.48 billion Irpa gas project to supply Europe | OilNOW

The offshore operations are planned to take place in 2025 and will be performed by Saipem’s flagship vessel Castorone.

Saipem is a key sub-contractor for ExxonMobil’s Guyana operations and was most recently charged with the delivery of a major subsea system for the Yellowtail project.

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