Saipem secures €850 million worth of offshore contracts in Côte d’Ivoire and Italy

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Italian oilfield services provider Saipem has announced the acquisition of two significant contracts valued at a combined total of €850 million for offshore operations in Côte d’Ivoire and Italy.

In the first contract, Saipem will collaborate with Eni Côte d’Ivoire and Petroci for the Baleine Phase 2 project situated offshore Côte d’Ivoire, operating at a water depth of 1,200 metres. The scope of work encompasses the engineering, procurement, construction, and installation (EPCI) of approximately 20 kilometres of rigid lines, 10 kilometres of flexible risers and jumpers, and 15 kilometres of umbilicals connected to a dedicated floating unit. 

The installation phase, set to take place in 2024, will be carried out by Saipem’s construction vessels.

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Saipem’s contribution to the project follows its involvement in the drilling activities of Baleine Phase 1, which included the deployment of the Saipem 10000 and Saipem 12000 vessels, along with the execution of two fast-track contracts.

In a separate contract, Saipem, in collaboration with Rosetti Marino and Micoperi through a temporary association of companies, has been awarded the contract by Snam Rete Gas. This contract entails the EPCI of facilities for a new floating storage and regasification unit (FSRU) to be located offshore Ravenna, Italy. 

The project involves the creation of a new offshore facility, connected to the existing one, for the docking and mooring of the FSRU. This will be linked to the shore through a 26” offshore pipeline stretching 8.5 kilometers in length, alongside a 2.6-kilometer onshore pipeline and a parallel fibre optic cable. A micro tunneling system will be employed for the shore crossing to minimise environmental impacts, and offshore operations will be executed using the pipelay barge Castoro 10.

These contracts mark another significant win for Saipem, following its announcement on August 11 of deals with oil majors Eni and BP worth approximately €700 million. Additionally, the company recently secured new E&C offshore contracts in Romania and Germany, with a total value of around €1.8 billion.

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