Saipem Secures Services Contracts Worth $1B

Oilfield services firm Saipem has been awarded new contracts in the offshore segment worth an overall amount of around $1 billion.

The most significant contracts are the two Saudi Aramco EPIC (engineering, procurement, installation, construction) awards for activities in Saudi Arabia. These two contracts refer to, respectively, the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf, which are among the most important offshore fields in the region, according to Saipem.

These contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets. The contracts will also include additional maintenance and dismantling works on the existing platforms already operating in the fields.

“With these contracts, Saipem is further reinforcing its presence in the Middle East, a highly strategic area”, stressed Stefano Cao, CEO of Saipem.

“New contracts from a long-standing customer like Saudi Aramco are also an important, strong mark of its trust in Saipem as - once again – the high quality of its services and its solid expertise in the construction and installation of offshore platforms is recognized”.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  SapuraKencana: Short-Term Industry Out... (Dec 8)
 -  Oil Flows From Otakikpo Marginal Field... (Dec 8)
 -  Plexus: More Cuts Expected (Dec 8)
 -  OPITO: UK Energy Sector Apprenticeship... (Dec 8)
 -  Doosan Babcock to Cut Almost 500 UK Jo... (Dec 7)


Most Popular Articles

From the Career Center
Jobs that may interest you
Service Supervisor - Beeville, TX
Expertise: Field Service Tech
Location: 78102
 
Branch Manager - Beeville, TX
Expertise: Well Servicing & Testing
Location: Beeville, TX
 
Senior Field Operator-Gun Loading Supervisor
Expertise: Field Service Tech
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $53.89/BBL 1.67%
Light Crude Oil : $50.84/BBL 2.14%
Natural Gas : $3.7/MMBtu 2.77%
Updated in last 24 hours