Saipem to Work at Shenzi

Saipem America Inc. has been contracted by BHP Billiton to assist with developing the Shenzi Field in Green Canyon Blocks 609, 610, 653 and 654 in the Gulf of Mexico. The Shenzi Field development is located in 4,400 feet of water, approximately 120 nautical miles offshore. Partners in the development include Hess Corporation and Repsol YPF.

Saipem Americaís scope of work includes the transportation and installation of subsea equipment, installation of three combined electro hydraulic dynamic umbilicals; the design, fabrication and testing of rigid subsea jumpers and nine suction piles; installation of 66 flying leads, three manifolds, eight SCR spool pieces on the Modec TLP and other associated subsea distribution equipment. The project is expected to be completed between February 2008 and November 2008.

Saipem America will be utilizing their fleet of US-flagged vessels and Innovator ROVs to perform these tasks along with various installation vessels from other companies to complete the work.

Saipem America has contracted Aker Marine Contractors, Inc., to perform aspects of the design and engineering tasks associated with the Shenzi Field development project, including the use of the DP-III BOA Sub C.

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