Saipem introduced that it has been awarded two new engineering and development offshore contracts in Romania and in Germany with a complete worth of round EUR 1.8 billion ($1.97 billion).
With these acquisitions, Saipem confirms its main function within the development of infrastructures alongside the whole pure gasoline worth chain, the corporate famous in a launch despatched to Rigzone.
Within the launch, Saipem outlined that its Romania deal pertains to the Neptun Deep Fuel Improvement Challenge situated within the Black Sea, “for which the award process was accomplished by OMV Petrom”. The workscope for this contract contains the engineering, procurement, development, and set up (EPCIC) of a gasoline processing platform at round 100 meters of water depth, three subsea developments, a 30-inch gasoline pipeline round 160 km lengthy, and related fiber optic cable from the shallow water platform to the Romanian coast, the corporate highlighted within the assertion.
The gasoline processing platform will probably be fabricated at Saipem’s yards in Italy and Indonesia, and the offshore operations will probably be carried out by the Saipem 7000 and JSD 6000 vessels, Saipem revealed, including that the technological exams and analyzes for the supplies used within the venture will probably be carried out in Romania by the native entity of Saipem in Ploiesti.
Saipem’s Germany contract was awarded to the corporate by GASCADE Gastransport GmbH to execute the pipelaying of the ‘Ostsee Anbindungsleitung’ within the Pomeranian Bay in north-eastern Germany, Saipem highlighted within the launch.
The corporate’s workscope for this deal contains the transportation and set up of a 48-inch gasoline line of round 50 km from the Lubmin website in northern Germany on the Baltic Sea to the Mukran port, alongside the east coast of the Rügen island, and the development of landfalls, using its personal pipelay barge Castoro 10, Saipem famous within the launch.
H1 Revenues, Order Consumption, Backlog
In its first half 2023 outcomes assertion, which was posted on the corporate’s website final month, Saipem reported first half revenues of EUR 5.3 billion ($5.79 billion) and adjusted EBITDA of EUR 410 million ($448 million).
The previous was up 28 % in comparison with the EUR 4.2 billion ($4.59 billion) posted in the identical interval final 12 months, and the latter was up 56 % in comparison with the EUR 263 million ($287 million) reported within the corresponding interval of 2022, Saipem highlighted within the outcomes assertion.
Saipem reported constructive internet outcomes of EUR 40 million ($43.77 million) within the first half of 2023, in comparison with a lack of EUR 130 million ($142.26 million) in the identical interval final 12 months. The corporate recorded an order consumption of EUR 6.7 billion ($7.33 billion) throughout the interval, which it identified within the outcomes assertion was up 58 % in comparison with the corresponding interval of 2022.
Over 80 % of recent contracts have been in offshore enterprise (engineering & development and drilling), Saipem highlighted within the outcomes, including that its consolidated backlog has elevated by over EUR 1 billion ($1.09 billion) in comparison with December 31, 2022.
On June 28, Saipem revealed that it had been awarded two new contracts price an general quantity of round $1 billion. One in all these was for EPCI offshore actions within the Center East and the opposite was for the event of underwater drones in Brazil, the corporate revealed on the time.
In Could, Saipem introduced that it had been awarded two new offshore contracts, one for an EPCI venture within the Black Sea and one for decommissioning actions within the North Sea. The general worth of the contracts quantities to roughly $850 million, the corporate highlighted on the time.
Again in January, Saipem stated it had been awarded two offshore contracts for a complete quantity of roughly $900 million. The corporate outlined that one among these was awarded by TotalEnergies for the LAPA Southwest (LAPA SW) Improvement Challenge and the opposite was awarded by Equinor for the Irpa Pipeline venture.
In December 2022, Saipem introduced that it had been awarded new contracts in Guyana and Egypt for a complete quantity of roughly $1.2 billion. The primary contract was awarded by ExxonMobil Guyana for the UARU oil area improvement venture and the second was awarded by Petrobel for the transportation, set up, and pre-commissioning of 170 km of umbilicals for the Zohr Discipline, in line with Saipem.
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