Saipem Clinches New Offshore Contracts for $2.2B

ROME (Dow Jones Newswires), March 9, 2011

Saipem has been awarded offshore contracts worth more than $2.2 billion.

In a statement, Saipem said Saudi Aramco gave it a contract in the offshore development of the Arabiyah and Hasbah fields located 150 kilometers northeast of Jubail, in the Persian Gulf.

The Milan-based company also said it agreed various increases with clients for the scope of work on existing offshore contracts, without providing details.

Copyright (c) 2011 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Client Account Manager-Slickline (Houston)
Expertise: Sales|Slickline
Location: Houston, TX
Pipeline Data Analyst Level II and III
Expertise: Pipe Inspection / NDT|Pipeline Services|Well Servicing & Testing
Location: Tulsa, OK
United States Zanesville: Operator Assistant II - Cementing
Expertise: Cementing
Location: Zanesville, OH
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours