Saipem clinches $680 M in offshore E&C contracts

Italy’s Saipem has been boosted by more than 600 million euros worth of offshore engineering and construction contracts, awarded by Saudi Aramco and Eni, respectively. Converted to U.S. dollars, the contracts are worth $680 million.

The company said that an EPCI contract awarded by Saudi Aramco, involves the engineering, procurement, transportation and installation of offshore structures including observation platform, wellhead production deck module, auxiliary platforms, 20″ internally cladded flowline and composite power cable. Offshore installation activities will be performed offshore Saudi Arabia.

Furthermore, the Italian oilfield services provider has won an EPCI contract awarded by Eni for Block 15/06 – East Hub Development Project, located approximately 350km north-west of Luanda, Angola.

The scope of works includes the provision of 5 flexible risers and 20 km of rigid flowlines, as well as installing SURF facilities which include umbilical sections, rigid spools, well jumpers and 14 PLETs to be fabricated in Angola. The project will be completed by the end of 2016.