Saipem bagged offers price greater than $4 billion over the ultimate a part of December, releases despatched to Rigzone by the corporate from December 21 to December 31 confirmed.
In a launch despatched to Rigzone on New Yr’s Eve, Saipem mentioned it had been awarded a brand new offshore contract by Turkish Petroleum OTC for extra actions as a part of the extension of the third section of the Sakarya fuel subject growth undertaking in Turkish sector of Black Sea. Saipem highlighted in that launch that the worth of the contract is roughly $425 million.
The corporate revealed within the launch that its scope of labor as a part of the deal “encompasses the engineering, procurement, building and set up (EPCI) of three further pipelines, for a complete of roughly 153 km [95 miles], with related subsea constructions, to attach the brand new pure fuel reserve lately found on the Goktepe subject to Sakarya section 3 amenities”.
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The Goktepe subject lays in 2,200 meters (7,217 toes) of water depth roughly 80 km (49.7 miles) from the Sakarya section 3 subject, Saipem identified within the launch, including that the brand new infrastructure “will allow elevated manufacturing from the sphere growth”.
Saipem revealed within the launch that the deal has a period of roughly two and a half years. It added that the contract “will likely be managed in continuity with the contract signed in September 2025 for the third section of the Sakarya subject growth”. The offshore marketing campaign will likely be carried out by Saipem’s Castorone pipelay vessel within the second half of 2027, the corporate famous.
“The award of this new contract confirms Saipem’s place as a strategic accomplice for main initiatives within the nation, whereas additionally contributing to the sustainable growth of the Turkish vitality market,” Saipem mentioned on this launch.
In one other launch despatched to Rigzone on December 30, Saipem mentioned it had been awarded two offshore contracts in Saudi Arabia price roughly $600 million.
The corporate famous that the offers are generally known as Contract Launch Buy Orders (CRPO) and outlined that they had been awarded below the corporate’s present long-term settlement with Aramco.
“The primary contract (CRPO 162), with a period of 32 months, encompasses the Engineering, Procurement, Building, and Set up (EPCI) of roughly 34 km [21 miles] of pipeline, with diameters of 20” and 30″, and associated works on topside constructions on the Berri and Abu Safah oil fields,” Saipem mentioned on this launch.
“The second contract (CRPO 165), lasting 12 months, consists of subsea interventions at Marjan subject and the EPC of 300 meters [984 feet] of onshore pipeline and related tie-ins,” it added.
Saipem highlighted that, for offshore operations associated to those two contracts, it should “make use of its building vessels which can be at present deployed within the area”.
The fabrication actions associated to the initiatives will likely be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam, Saipem famous within the launch.
“The award of those new contracts strengthens Saipem’s presence in Saudi Arabia and additional consolidates its longstanding relationship with Aramco,” the corporate mentioned on this launch.
In one other launch despatched to Rigzone on December 21, Saipem revealed that it had been awarded an offshore EPCI contract in Qatar price roughly $3.1 billion.
“Saipem, in partnership with Offshore Oil Engineering Co. Ltd. (COOEC), has been awarded an offshore EPCI contract by QatarEnergy LNG for the COMP5 bundle of the North Discipline Manufacturing Sustainability (NFPS) Offshore Compression Complexes undertaking,” the corporate mentioned on this launch.
“The general worth of the contract is roughly 4 billion USD and Saipem’s share quantities to roughly 3.1 billion USD,” the corporate mentioned.
Saipem identified within the launch that the contract it was awarded has a complete period of roughly 5 years. Saipem revealed that this contract “includes engineering, procurement, fabrication and set up of two compression complexes, every together with a compression platform, a residing quarter platform, a flare platform supporting the fuel combustion system, and the associated interconnecting bridges”.
Every complicated can have a complete weight of about 68,000 tons, in accordance with Saipem, which mentioned offshore set up operations will likely be carried out by its De He building vessel “roughly in 2029 and 2030”.
“This new contract follows the EPCI COMP2 and COMP3 packages, awarded to Saipem and disclosed to the market in October 2022 and September 2024 respectively, that are at present below execution,” Saipem mentioned within the launch.
“The award of the COMP5 bundle consolidates Saipem’s collaboration with QatarEnergy LNG and reinforces the corporate’s presence in Qatar as a accomplice for the execution of complicated large-scale initiatives,” it added.
Saipem famous on this launch that the NFPS undertaking is a part of QatarEnergy LNG’s technique of sustaining and rising the manufacturing capability of the North Discipline, “the world’s largest ‘non-associated’ pure fuel subject, situated off the north-eastern coast of Qatar”.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
