Saipem Secures 'Pipeline Project' Work Worth $1.3B

Saipem announced Monday that it has been awarded a “pipeline project” in the Middle East offshore engineering and construction sector worth approximately $1.3 billion.

The contract involves engineering, procurement, construction and installation activities related to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy intrafield pipelines, risers, spool pieces and subsea structures.

Saipem did not reveal the name of the company awarding the project and gave no indication as to when the work would begin or end.


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