Saipem Bags EPCI Contract from Petrobras in Brazil
- Business & Finance
Saipem has been awarded an EPCI contract from Petrobras for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt Region, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo States.
The scope of work includes engineering, procurement, fabrication and installation of three offshore pipelines, with related terminations (PLETs) and Free Standing Hybrid Risers (FSHRs) for the gas export systems to be installed in the Lula field in water depths up to 2,200 meters. The marine activities will be performed mainly by the Saipem FDS2 within the first half of 2016.
Saipem will use its yard, currently under development in Guarujá for the fabrication of the Risers system and the associated Subsea equipment. The project will be delivered in the third quarter of 2016.
Umberto Vergine commenting on the contract said: “The new Lula offshore contract proves that our entry strategy and our investments to became a big player in Brazil start to pay off. This is extremely encouraging for more success in the future.”
Press Release, May 07, 2014; Image: Saipem