Saipem Secures Services Contracts worth almost $700M

Saipem announced Friday that it has been awarded new offshore engineering and construction contracts worth almost $700 million.

The new contracts include an award by Saudi Aramco, which involves the engineering, procurement, transportation and installation of offshore structures such as an observation platform and a wellhead production deck module, and a deal with Eni, which includes the provision of five flexible risers and 12 miles of rigid flowlines.

Last month, Saipem announced that it had been awarded new onshore drilling contracts in the Middle East and South America, cumulatively worth approximately $250 million. These contracts included two awards by Kuwait Oil Company.



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