Saipem Announces Deals Worth $800M
Italy-based international oil services firm Saipem announced Thursday that it has made deals with Mexican and Australian customers worth a total value of more than $800 million.
Saipem said it has signed a new contract with Mexico's Transportadora de Gas Natural Norte-Noroeste to supply EPC (engineering, procurement and construction) services for a pipeline between El Encino, located in Chihuahua State, to Topolobampo in the Sinaloa State on the west coast of Mexico.
The gas pipeline will be 30 inches in diameter and some 430 miles long, and it will have two compressor stations installed along the route. It will also have a capacity of 670 million cubic feet of natural gas per day. Saipem expects to complete the project in the first quarter of 2016.
The deal in Australia will see Saipem increase the scope of its work on the Santos GLNG Gas Transmission Pipeline Project, which is currently under development in the state of Queensland. Saipem will carry out EPC work on an underwater segmental lining tunnel for the marine crossing of wetlands between the Gladstone State Development Area and Curtis Island.
This pipeline, with a diameter of 11.2 feet and 260 miles long, will supply coal seam natural gas to the LNG facility on Curtis Island. Saipem expects this work to be completed within 20 months.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Manages 12 Offshore Rigs
- Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia (Dec 19)
- Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant (Sep 15)
- Saipem to Build Pipelines for Kuwait Refinery Project (Aug 16)