Saipem Wins Caspian Sea Construction Contracts

Saipem has been awarded two contracts for the fabrication, transport and installation of offshore structures relating to the development of the Phase 3 on the Azeri-Chirag-Gunashli (ACG) field, located 120 kilometers south east of Baku, in the Azerbaijan sector of the Caspian Sea.

The two contracts have been awarded by Azerbaijan International Operating Company (AIOC), and have an approximately value of 235 million Euro. Works are expected to be finished within 2007.

The first contract covers the fabrication and load out of a template and two jackets and associated piles, with a total weight in excess of 45,000 tons.

The second contract involves the transport and installation activities for the two platforms including a template, two jackets and two topsides.

Saipem had been already awarded by AIOC contracts for the fabrication and installation of offshore structures Phase 1and 2 of the ACG project.