The contract, awarded by the companies of the North Caspian Sea Production Sharing Agreement (PSA), following an international tender, has a total value of US $520 million. The scope of work comprises the engineering, procurement of bulk materials, coating, laying and pre-commissioning of pipelines, fibre optic cables and umbilicals. Line pipes will be provided by the client.
Saipem will install the pipeline system between 2006 and 2007 with a new lay barge and new trenching equipment.
The companies of the North Caspian Sea PSA, which includes the giant Kashagan field, are: Agip KCO (Operator 16.67%), BG Group (16.67%), ConocoPhillips (8.33%), ExxonMobil Kazakhstan, Inc. (16.67%), Inpex (8.33%), Total (16.67%), Shell (16.67%).
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