Saipem Wins Two Contract for Sakhalin II Work

Saipem has been awarded two offshore contracts as part of the Sakhalin II development project for a total value of approximately US $343 million.

The first contract has been awarded by Sakhalin Energy Investment Company and includes the engineering, procurement, construction and installation of a twin pipeline system connecting the Lunskoye and Piltun-Astkhskoye platforms, north-east of Russia's Sakhalin island, to the shore.

The work will be carried out mainly by the vessel Castoro 2 and Semac 1 in two windows in summer 2004 and summer 2005.

The second contract, awarded by Samsung Heavy Industries, involves the transport and installation of Lunskoye and Piltun-Astkhskoye B platform topsides. The latter, whose weight is over 28.000 tons, will be the heaviest platform topsides ever installed using a float-over system. The installation of Lunskoye and Piltun-Astkhskoye B topsides will be performed in the summer 2005 and summer 2006 respectively.