Saipem Bags USD 1.3 Bln Middle East Deal
- Business & Finance
Saipem has been awarded a pipeline project in the E&C offshore sector in the Middle East worth approximately $1.3 billion.
The contract involves engineering, procurement, construction and installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.
The award includes the novation of substantial CRA linepipe and long lead items contracts.