Saipem lands $2bn offshore EPC contract in Saudi Arabia
RIYADH, 11 hours, 8 minutes ago
Saipem, a leading engineering and construction company, said it has been awarded a new offshore contract worth $2 billion, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia.
The award follows the completion of the bidding procedure, and the occurrence of the usual preliminary conditions requested by the client, said the statement from Saipem.
The scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables, it stated.
For the project, Saipem will deploy its local offshore fleet, including state-of-the-art dynamic positioning vessels, its advanced welding technology and will leverage on its renowned engineering expertise.
Furthermore, the fabrication activities will be executed at the Saudi fabrication yard Saipem Taqa Al Rushaid Fabricators Company (STAR), located in Dammam, further enhancing the local content and developing the capabilities of the local industry, said the statement.
This important contract, at the backdrop of the recent awards by Saudi Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia.
This comes close on the heels of Saipem's recent contract win for offshore EPC services from QatarEnergy LNG as part of the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program.
Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as approximately 100 km of corrosion resistance alloy rigid subsea pipelines of 28’’ and 24’’ diameter, 100 km of subsea composite cables, 150 km of fiber optic cables and several other subsea facilities.-TradeArabia News Service
