Saipem gives out €8.5M contract to compatriot NextGeo for work offshore Libya

November 11, 2025, by Nadja Skopljak

Italy’s Next Geosolutions (NextGeo) has won a €8.5 million contract with compatriot engineering, drilling, and construction services giant Saipem for survey and support to installation activities for an offshore gas project in North Africa.

NextGeo will deploy the vessels NG Worker and NG Surveyor to carry out offshore touch-down monitoring operations using work-class remotely operated vehicles (ROVs), and construction support services, including the delivery of project pipelines, during the installation phases carried out by Saipem at the Bouri Gas Utilization Project (BGUP).

Saipem won the contract, worth approximately $1 billion, for the project in the summer of 2023.

According to NextGeo, BGUP represents one of the most relevant offshore initiatives in North Africa, aimed at valorizing the associated gas from the Bouri field, located offshore Libya. The project includes the installation of a new gas recovery module, along with a series of upgrades and enhancements to the existing infrastructure.

Operations are scheduled to begin in the fourth quarter of this year and will continue for several months, including optional extensions.

Rana Subsea, which became part of the Next Geosolutions Group in early September, has also signed a contract with Saipem under the same project for the provision of specialized subsea services and installation support operations, with a total value of approximately €62.6 million, plus options, and a duration extending through Q2 2026.

“The award of these new contracts with Saipem marks a significant step forward in the growth path of our Group. The joint presence of NextGeo and Rana Subsea in the same project clearly demonstrates the full complementarity of our expertise and our ability to operate in synergy across different, yet closely integrated activities, positioning ourselves as a single, trusted partner for the development of complex projects,” said Giovanni Ranieri, CEO of Next Geosolutions.