Saipem wins $1.25 billion onshore and offshore contracts in Middle East

Seetao 2022-07-01 11:59
  • The project mainly includes pipeline construction of offshore energy and optimization of infrastructure projects
Read this article
3 Minutes

Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East.

These land-based rigs, ranging from 1,500 to 2,000 horsepower, will be used for exploration and production activities at various oil and gas fields, in line with ongoing operations in the region.

In addition, the company said it has been selected for four new contracts in the Middle East. The scope of work for the contract includes the engineering, procurement, construction and installation of several offshore jackets, decks, subsea pipelines, subsea composite cables, umbilicals, fibre optic cables and brownfield retrofits. It noted that the total value of these contracts is about $650 million. Keywords: engineering news, overseas news

In March 2020, Saipem and AHQ signed an agreement to form a joint venture in Saudi Arabia, while in February 2021 the company was awarded a $1.7 billion offshore project from Qatar Gas. In June 2022, ADNOC awarded Saipem an EPC contract worth $510 million for the upgrade of the Shah gas plant.Editor/XingWentao