Saipem has been awarded a new offshore contract worth approximately US$2 billion under its Long-Term Agreement (LTA) with Saudi Aramco.
The contract involves the development of the Marjan field in Saudi Arabia and follows a competitive bidding process and the fulfillment of client conditions.
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Saipem’s work will include the engineering, procurement, construction, and installation of wellhead platforms’ topsides and jackets, tie-in platform structures, rigid flowlines, and submarine composite and fiber optic cables.
The company will utilize its local offshore fleet, advanced dynamic positioning vessels, and cutting-edge welding technology, while fabrication will be carried out at Saipem’s local STAR facility in Dammam, boosting local industry capabilities.
Saipem said the contract strengthens its long-standing presence in Saudi Arabia, adding to recent awards from Saudi Aramco.
