Saipem bags offshore EPCI contracts worth $500m

first_imgSaipem has bagged a contract from Eni Angola for the Cabaça and Agogo Early phase one development in West Africa. Saipem will provide subsea structures, risers and flowlines. (Credit: Pixabay/David Mark) Italian oilfield services firm Saipem has secured multiple engineering, procurement, construction and installation (EPCI) contracts valued at more than $500m.Saudi Arabia state-owned firm Saudi Aramco has awarded Saipem a EPCI contract under a long-term agreement that would be in force until next year.The work covers the design, engineering, procurement, construction and installation of a 36 inch carbon steel pipeline onto the existing network around the Ju’aymah area. It also covers brownfield services at Saudi Aramco’s associated offshore platform.Additionally, Saipem has also bagged a contract from Eni Angola for the Cabaça and Agogo Early phase one development in West Africa.It will offer EPCI services of risers, production flowlines, jumpers and the installation of a subsea production system (SPS) in water depths ranging between 400m and 600m. They will be carried out by the company’s FDS and Saipem 3000 vessels.Saipem E&C Offshore Division COO Francesco Racheli said: “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who know they can constantly rely on our support in order to pursue their safety, efficiency and reliability targets.“A good start to the year for the E&C Offshore division and confirmation of the strategic positioning of the company in the Middle East and West Africa.”Saipem has also signed a contract with Noble EnergyNoble Energy has also hired the company to install a 70km gas pipeline. The pipeline will connect the Alen platform offshore Equatorial Guinea to the Punta Europa plant.Furthermore, Saipem has secured contracts for decommissioning activities in the Thistle Field of the North Sea. The Saipem 7000 will carry out these activities.It also received two transportation and installation contracts in the Middle East and the Gulf of Mexico (GoM).Last November, Saipem bagged a subsea contract from the ExxonMobil subsidiary Esso Exploration and Production Guyana (EEPGL) for the proposed Payara development project.last_img read more

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