Saipem Wins Kashagan Installation Contract



Saipem has been awarded the contract for the installation of the offshore facilities system relating to the experimental phase of the Kashagan field development program. The Kashagan field is located in the Kazakh sector of the Caspian Sea.

The contract, awarded by Agip KCO operator of the North Caspian Sea Production Sharing Agreement (PSA), following an international tender, has a total value of approximately US $286 million.

The scope of work includes the fabrication, assembly, transport and installation of 45 piles and 2 flares, with a total weight of some 15,000 tons, along with the installation of 16 module barges. The piles and flares will be fabricated in the newly developed Ersai yard located in the Kuryk area of Kazakhstan, a yard in which Saipem has a participation of 50%. The scope of work also includes the procurement, fabrication and installation of associated mooring and protection structures.

The installation activities, which are scheduled to be completed within 2007, will be carried out using a new purpose-built construction barge.

The companies of the North Caspian Sea PSA, which includes the giant Kashagan field, are: Eni (Operator 16.67%), BG Group (16.67%), ConocoPhillips (8.33%), ExxonMobil Kazakhstan, Inc. (16.67%), Inpex (8.33%), Total (16.67%), Shell (16.67%).
RELATED COMPANIES
Company: Exxon Mobil Corporation more info
Operates 16 Offshore Rigs
 - Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects (Dec 14)
 - ExxonMobil to Lead Construction, Ops of Mozambique LNG Facilities (Dec 13)
 - ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
Company: Shell more info
Operates 27 Offshore Rigs
 - Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
 - API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
Company: Total S.A. more info
 - Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
 - Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
 - France's Total Buys Engie's LNG Business For $1.5B (Nov 08)
Company: BG Group more info
 - Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands (Jul 11)
 - Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals (Jun 29)
 - Despite Cuts, Big Oil to Expand Production into the 2020s (Sep 05)
Company: ConocoPhillips more info
Operates 12 Offshore Rigs
 - ConocoPhillips Vows Financial Discipline As Aims To Boost Output (Nov 08)
 - ConocoPhillips' Profit Beats Estimates, But Budget Cut 10% (Oct 26)
 - Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate (Oct 06)
Company: ENI more info
Operates 11 Offshore Rigs
 - Italy Prosecutors Probe Eni For Tax Evasion At Refineries (Nov 22)
 - Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield (Nov 20)
 - Eni's Giant Gas Field Prompts Egypt to End Imports in 2018 (Nov 15)
Company: Agip more info
 - Niger Delta Avengers Attack Escravos Terminal (May 26)
 - CAMAC Ups West African Interests (Dec 30)
 - Saipem Wins Jack/St. Malo, Kashagan Contracts (Dec 16)
Company: Inpex more info
Operates 1 Offshore Rigs
 - Inpex Halts Construction At Australian LNG Site After Worker Dies (Nov 30)
 - Japan's Inpex Says Ichthys LNG Project On Track For March Start (Nov 08)
 - Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years (Oct 19)
Company: Saipem more info
Manages 12 Offshore Rigs
 - Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant (Sep 15)
 - Saipem to Build Pipelines for Kuwait Refinery Project (Aug 16)
 - Saipem Warns On Profits After Falling To 2Q Loss (Jul 25)