Saipem Wins Nigerian Contracts Valued at $490 Million

Saipem has been awarded two major lump sum turnkey contracts for separate projects offshore Nigeria. The total value of the contracts is approximately US $490 million.

East Area Additional Oil Recovery Project
Saibos, a fully owned Saipem subsidiary, has been awarded by the Nigerian National Petroleum Corporation/Mobil Producing Nigeria Unlimited Joint Venture, a turnkey lump sum contract for the East Area Additional Oil Recovery Project, 35 km offshore Kwa Iboe.

The contract scope includes engineering, procurement, construction and installation of three platforms for a total weight of approximately 3500 tons and the lay of approximately 160 km of pipelines. The offshore installation phase will be carried out by the vessel Castoro Otto between Q4 2004 and Q2 2005.

Amenam field facilities
A joint consortium lead by Saibos has been awarded by Elf Petroleum Nigeria Limited a lump sum turnkey contract for the execution of the extension of the Amenam field facilities, 60 km offshore Bonny.

The contractual scope of work comprises engineering, procurement, construction and installation for a production platform and a bridge. The vessel Castoro Otto will carry out the installation phase between Q4 2004 and Q4 2005.
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