Saipem Bags Deals Worth Approximately $1.3B



Saipem Bags Deals Worth Approximately $1.3B
Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Saipem has secured two EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

The contracts are part of a long-term agreement for offshore activities in Saudi Arabia and cover work on offshore fields in Berri and Marjan, located in the Arabian Gulf, Saipem revealed.

Saipem’s workscope under the deals includes the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.

Last month, Saipem revealed that it and Petrobel had negotiated an offshore contract addendum worth more than $1.2 billion for EPCI (Engineering, Procurement, Construction and Installation) activities in relation to the ramp up to plateau phase of the Zohr development.

During the same month, Saipem, in joint venture with Renaissance, was awarded a new onshore E&C project in the Russian Federation worth $2.5 billion (EUR 2.2 billion).

Saipem describes itself as “one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market”.

The company employs 32,000 workers and operates in more than 60 countries, according to its website.



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