Saipem Wins US $550 Million in Offshore Contracts
Saipem has been awarded three offshore construction contracts valued at US $550 million in Indonesia and the North Sea, following international tender.
Two contracts cover engineering, procurement, fabrication and installation of two platforms and two pipelines for the Tangguh Liquefied Natural Gas (LNG) project, in the Berau Bay area, Papua, about 3,000 kilometers east of Jakarta, Indonesia.
The two 20 kilometers pipelines will connect the platforms to the LNG shore facilities. Installation and laying activities are scheduled to be completed in mid 2007.
The contracts have been awarded by BP Berau Ltd, operator of the Tangguh LNG Project, and are the first major EPIC awards for the region.
The third contract has been awarded by Talisman Energy, as part of the development of the Tweedsmuir field, located 200 km northeast of Aberdeen, Scotland, and comprises the laying, burial and testing of approximately 60 kilometers of pipe in pipe line. Offshore works will be carried out mainly by the vessel Castoro Sei between second and third quarter 2006.
Operates 33 Offshore Rigs
- Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
- Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps (Dec 21)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
Company: Talisman Energy more info
Operates 8 Offshore Rigs
- Strong Upstream Performance from European Majors (Jul 28)
- PETRONAS, PetroVietnam Extend PM3CAA PSC in Malaysia-Vietnam Waters to 2027 (May 10)
- Repsol Significantly Scales Back Upstream Investment (Oct 15)
Company: Saipem more info
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)