Italy's Saipem secures around $850m in oil contracts in Black and North Seas
- Thistle A Platform is located in the North Sea, UK, about 510 kilometers northeast of Aberdeen
Italian oilfield services company Saipem has secured two new offshore contracts worth around $850 million in the Black and North Seas. The first contract was awarded by Turkish Petroleum Corporation for FEED and EPCI works related to the second phase of the Sakarya gas field development.
The scope of works under the contract includes the design, procurement, construction and installation of a 16-inch pipeline with a length of 175 kilometers and a water depth of 2,200 meters in the Black Sea of Turkey. Saipem intends to deploy the pipelay vessel Castorone for the project and is expected to start offshore operations next summer.
The company recently completed the first phase of the Sakarya gas field development project awarded by Turkish Petroleum Corporation in 2021. The second contract was awarded by EnQuest Heather to decommission the existing ThistleA platform installed and completed in 1976.
Thistle A Platform is located in the North Sea of the UK, about 510 kilometers northeast of Aberdeen, with a water depth of 162 meters. The scope of works under the contract includes the design, preparation, dismantling and disposal of the jacket and topsides, with potential extension to further subsea installations.
Saipem intends to deploy its large semi-submersible heavy lift vessel Saipem 7000 to carry out decommissioning work in the North Sea. Fabrizio Botta, chief commercial officer of Saipem, said that these important awards prove Saipem's excellent competitive position in the offshore engineering and construction market. The industry is experiencing a momentum of comprehensive expansion, and Saipem is ready to seize the opportunity.
The award of the contract in the Black Sea confirms Saipem's prominent position and its long-standing relationship with its customers. Ultimately, the North Sea contract further demonstrates Saipem's capabilities in areas where the combination of innovative engineering, unique assets and safe operations is critical. Last month, Saipem won three new offshore engineering, procurement, construction and installation (EPCI) contracts and two competing FEED contracts worth about $650 million.Editor/XingWentao
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