Saipem Wins New Offshore Construction Contracts

A partnership between Saipem and Daewoo Shipbuilding and Marine Engineering has been awarded by ExxonMobil Canada the contract for the engineering, procurement, construction and installation for the Sable compression platform and facilities, located offshore Sable Island, approximately 250 km from Nova Scotia, Canada. Topsides weight is approximately 7,000 tons. The compression platform will be bridge linked to the existing Thebaud platform, on which additional works will be carried out. The offshore installation phase will be carried out by the vessel Saipem 7000 during summer 2006.

BP Exploration Operating Company has awarded Saipem the contract for the realization of the 44km pipe-in-pipe export pipeline connecting Rhum field to Bruce platform in the North Sea. Rhum field is located 380 km North East of Aberdeen, Scotland. Pipelaying operations will be carried out by the Castoro 6 during second quarter 2005.

Saipem has signed with AIOC (Azerbaijan International Operating Company) a contract for the transport and installation of the East Azeri and West Azeri platforms and of a pre-drilling template in the framework of Phase 2 of the Full Field Development of the Azeri-Chirag-Gunashli oil field, located in the Azerbaijan sector of the Caspian Sea.

Works are expected to finish in summer 2006 and will integrate the activities that Saipem is currently undertaking under the Phase 1 contract signed in 2001.