Saipem clinches more work in Qatar worth $350 million
Italian oilfield contractor Saipem has received by Qatargas the confirmation of the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project (EPCO package) in Qatar.
The award of the EPCO package was announced in February 2021.
The scope of work under this deal encompassed the Engineering, Procurement, Construction and Installation of various offshore facilities for the extraction and transportation of natural gas, including platforms, supporting and connecting structures, subsea cables and anticorrosion internally cladded pipelines,
Saipem said on Tuesday that the additional scope of work of the two options is worth approximately $350 million and is related to rerouting of the hydrocarbons from the existing wellhead platform through the new facilities, due to the existing pipeline being decommissioned.
The activities to be carried out comprise the construction of two additional riser platforms, two additional connecting bridges with existing wellhead platforms, two corrosion resistant carbon steel cladded intra-field pipelines with a length of 13 km overall and decommissioning of existing pipeline.
Works associated with the exercise of the options will be fully integrated with the project activities of two contract awards announced earlier this year, the North Field Production Sustainability Offshore and the North Field Production Sustainability Pipeline.
Both are both parts of the strategic development of the North Field production plateau.
The second one, worth over $1 billion, was announced in March 2021. It includes the Engineering, Procurement, Construction, and Installation (EPCI) of three export trunklines starting from their respective offshore platforms to the Qatargas North and South Plants in Ras Laffan Industrial City for a total length of almost 300 km, as well as associated onshore tie-in works and brownfield activities on existing onshore and offshore facilities.
Pipelaying operations will be executed by the DE HE and Saipem Endeavour vessels.
Saipem is already working actively on the project engineering and site preparation activities.
The North Field is one of the largest single non-associated natural gas fields in the world. It is operated by Qatargas and lies off the north-east shore of the Qatar peninsula.