Saipem Wins Nigerian Offshore Construction Contract

Saipem has been awarded the lump sum turnkey contract for the UFR (Umbilicals, Flowlines and Risers) activities in the frame of the development of the Akpo field, located in Nigeria the Oil Mining Lease (OML 130), some 200 kilometres South of Port Harcourt, in approximately 1,350 meters water depth.

The contract, awarded by Total Upstream Nigeria, has a total value of approximately US $850 million.

The project consists of the engineering, procurement, construction, installation and commissioning of the Umbilicals, Flowlines, Risers, the oil loading terminal, the FPSO mooring system, and the Gas export Pipeline from the Akpo FPSO to the Amenam AMP2 platform.

The offshore activities will be carried out by the vessels Saibos FDS, between mid 2007 and mid 2008, and Saipem 3000 in the first half 2008.

Around 1.5 million manhours will be provided by Nigerian companies, and the onshore fabrication scope will be performed mainly in the Saipem yard in Port Harcourt, Nigeria.