Sunday, June 26, 2022

Saipem secures two new contracts valued over US$600 million

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Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over 600 million USD.

The first contract was awarded by Chevron Australia Pty Ltd for the Jansz-lo Compression Project, the gas field located around 200 kilometres offshore the north-western coast of Australia, at water depths of approximately 1,400 meters. Jansz-lo is part of the Chevron-operated Gorgon Project, a grouping of different fields and one of the world’s largest natural gas developments.

Offshore operations are planned to start in 2024 and they will be conducted by the Constellation vessel.

The second contract regards the Sakarya Gas Field Development project, the first deepwater natural gas field discovered in Turkey in the Black Sea, about 175 km offshore the coast of Eregli. The contract entails the transportation and installation of pipelines to 2,200-meter water depth. The offshore operations are to begin in spring 2022 and will be conducted mainly by the Castorone vessel.

Francesco Caio, CEO and General Manager of Saipem, said the award of these two important contracts highlights the company’s solid expertise in subsea installation and its world-class assets as well as being a tangible sign of recovery of the offshore market.

“These new contracts in the gas sector, a fundamental element of the energy transition, provide solid indications of the improvement in demand and testify to Saipem’s capability of offering solutions in line with its clients’ needs,” Caio said.

Saipem opens offshore construction facility in Guyana

In Guyana, Saipem has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction and Installation of Subsea Umbilicals Risers Flowlines for the offshore developments at the Stabroek Block.

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