Saipem Wins Us $ 1 Billion in New Contracts

Saipem has been awarded new contracts worth a total of approximately US $1 billion. The new acquisitions are located in offshore and onshore areas of Tunisia, Angola, Norway, Australia, Saudi Arabia and Pakistan.



In Tunisia, BG Tunisia Limited awarded Saipem a contract for the construction, installation and pre-commissioning of an offshore pipeline system, running between the Hasdrubal offshore field, located in the gulf of Gabes about 350 kilometers southeast of Tunis, and the Hasdrubal onshore terminal, for a length of approximately 110 kilometers. Offshore activities will be carried out by the Crawler vessels in the first half of 2008.


Saipem has been awarded an EPIC contract for the installation of a pipeline system in the Mafumeira oil field, in Block 0, off the coast of Angola, by the Cabinda Gulf Oil Company Limited. Saipem will be responsible for the engineering, procurement, transportation and installation of two 26-kilometer pipelines in water depths of approximately 50 meters. Offshore activities will be carried out mainly by the Saipem 3000 and S355 vessels, between the last quarter of 2007 and the first half of 2008.


BP Norge As awarded Saipem the contract for the Valhall redevelopment project located in the Norwegian North Sea, in water depths of approximately 74 meters. Saipem's scope of work consists of transportation and installation of a jacket, skirt piles, three level process and utilities deck, and related ancillary facilities. Saipem 7000 will be deployed in different time-frames between 2008 and 2010.


Saipem won from Eni Australia the offshore contract for the Blacktip Development Project, located in the Bonaparte basin, about 100 kilometers off the north-western Australian coast, at a water depth of 50 meters. The EPIC contract encompasses the engineering, procurement, construction, installation and pre-commissioning of the wellhead platform and the 108 kilometers export pipeline system.

The installation vessel Castoro Otto will be utilized for marine activities through the third quarter of 2008.


Saudi Arabia

In Saudi Arabia, Saudi Aramco awarded the turnkey contract for the water injection pump stations (WIPS) facilities within the onshore Khurais increment programme to a 50-50 Joint Venture made up by Canadian company SNC-Lavallin and Saipem. In line with Saudi Aramco's contracting strategy, the contract has been assigned on a convertible lump-sum turnkey (CLSTK) basis, with initial engineering activity and procurement of long lead items carried out on a cost reimbursable basis, before being converted to lump-sum once the majority of detailed engineering is complete.

The scope of work covers engineering, material procurement, installation, construction, pre-commissioning, and commissioning for water injection pump stations (WIPS) facilities, receiving water from the Qurayyah Sea Water Plant, which is also being expanded by Saipem. Works are expected to be completed by the second half of 2008.


In Pakistan, Engro Chemical Pakistan Limited (ECPL) has awarded Saipem the contract for technology licensing, engineering, procurement and supervision for an Ammonia and Urea plant, including the related utility systems. The plant will be located in Daharki, about 450 kilometers northeast of Karachi and, once completed, will have a capacity of 1.35 million tons of urea per year, becoming the largest single-train urea plant in the world.


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