Saipem secures US$2 billion offshore contract for Saudi Arabia’s Marjan field

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

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.

Saipem to take over China-built | OilNOW 

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.

- ADVERTISEMENT -
spot_img

Partnered Events

Latest News

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

More Articles Like This