The contract, awarded by the Sakhalin Energy Investment Company, has a total value of approximately USD 1200 million. Saipem's share is approximately US $600 million.
The project covers engineering procurement and construction (EPC) of a 800-km onshore twin pipeline system connecting the Piltun-Astkhskoye and Lunskoye fields landfall pull-in heads, north-west of Sakhalin to a liquefied natural gas plant and an oil export terminal located in the southern part of the island. The completion of activities is expected in the second half of 2006.
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