Saipem wins $904m Kuwait, Angola deals

Rome, June 25, 2008

Italian oilfield services company Saipem has won two contracts worth around 580 million euros ($903.5 million) for onshore projects in Kuwait and Angola, it said in a statement.

The Kuwait contract is for construction of a gas booster station in the southeast of the country while the Angola deal is for construction of part of a project for a liquefied natural gas (LNG) plant near Soyo.

Saipem's biggest shareholder is Italian state-controlled energy group Eni. - Reuters

Tags: Saipem | Oilfield services |