Saipem’s recent contract awards total US$650 million

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Saipem said that it was recently awarded new offshore engineering, procurement construction and installation contracts and competitive front end engineering design (FEED) contracts, totaling US$650 million. 

One award is from Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kilometres offshore Angola, about 20 kilometres west of the N’Goma FPSO (West Hub), which has been in operation since November 2014. The contract encompasses the EPCI of rigid pipe-in-pipe flowlines with associated subsea structures. Saipem will mobilise its state-of-art offshore installation vessel FDS2.

The second contract has been awarded by EnQuest for the decommissioning of existing infrastructures in the Heather oil field, located in the UK sector of the North Sea, around 460 kilometres northeast of Aberdeen. Saipem’s activities entail the engineering, preparation, removal and disposal of the upper jacket of the Heather platform, utilising the semisubmersible crane vessel Saipem 7000.

The third contract has been awarded under the Aramco LTA program in Saudi Arabia. Saipem will execute the offshore EPCI of one platform topside and the associated subsea flexible, umbilical and cable system.

Furthermore, Saipem has been awarded two FEED competition contracts for gas development projects. The first one, assigned by Shell Trinidad & Tobago Ltd., is related to the development of the Manatee natural gas field. The second contract has been assigned to Saipem, in partnership with PT Tripatra Engineers and Constructors and Daewoo Engineering & Construction Co. Ltd., by PAPUA LNG Development Pte. Ltd. It concerns the development of the upstream facilities to feed the natural gas PAPUA LNG project in Papua New Guinea.

Saipem said these important contracts further consolidateits positioning both geographically and in key segments for the offshore business.

Saipem is a key 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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