In a press release despatched to Rigzone on Monday, Saipem introduced that it has been awarded an extra offshore contract in Saudi Arabia beneath its present long-term settlement with Aramco.
Saipem, which revealed that the deal is value roughly $500 million, mentioned its scope of labor contains the Engineering, Procurement, Development and Set up (EPCI) of a 48-inch trunkline, comprising roughly 40 miles offshore and 7 miles onshore, in addition to related subsea amenities within the Safaniya oil area. Safaniya is without doubt one of the world’s largest offshore oil fields, Saipem highlighted.
Offshore operations shall be carried out by Saipem’s building vessels presently deployed within the area, in line with the corporate, which revealed that fabrication actions shall be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam.
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“Venture execution is predicted to leverage Saipem’s confirmed expertise in delivering strategic pipelines and offshore infrastructure within the area, mixed with its superior engineering capabilities,” Saipem mentioned within the assertion.
“Actions shall be executed in compliance with the best requirements of security, high quality, and environmental safety that characterize all Saipem’s operations, aimed toward making certain effectivity and reliability at each stage,” the corporate added.
“The mixture of enhanced native capabilities and slicing‑edge technical experience is predicted to help the environment friendly improvement of strategic power infrastructure in Saudi Arabia,” Saipem continued.
Within the assertion, Saipem mentioned this new award reinforces its long-standing presence in Saudi Arabia.
“It moreover additional consolidates its long-standing relationship with Aramco, confirming Saipem’s functionality to ship built-in, excessive‑high quality options for advanced offshore developments,” the corporate famous.
In a press release posted on its web site in April final yr, Saipem mentioned it had signed a renewal for its framework settlement with Aramco. The long-term settlement now extends till the top of 2027, in line with that assertion.
“With the renewal of the long-term settlement, Saipem is reconfirmed within the unique record of contractors chosen by Saudi Aramco who’re eligible to bid for work orders, referred to as CRPOs (Contract Launch Buy Orders),” that assertion famous.
“These contracts might relate to each the development of recent funding initiatives and any initiatives aimed toward sustaining manufacturing capability from Saudi Arabia’s offshore fields,” it added.
This Saipem assertion highlighted that Saipem and Saudi Aramco “have a protracted historical past of collaboration on onshore, offshore and drilling initiatives”.
“The renewal of the long-term settlement confirms the belief in Saipem’s high-quality providers, superior expertise and experience, reaffirming the corporate’s key function and lasting presence within the Kingdom of Saudi Arabia’s offshore oil and gasoline sector,” Saipem mentioned in that assertion.
In a press release posted on its web site on December 31, 2025, Saipem revealed that it had been awarded an offshore contract by Turkish Petroleum OTC for extra actions as a part of the extension of the third section of the Sakarya gasoline area improvement mission in Turkish sector of Black Sea. The worth of the contract is roughly $425 million, Saipem highlighted on the time.
In a press release posted on its web site the day earlier than, Saipem mentioned it had been awarded two offshore contracts in Saudi Arabia beneath its long-term settlement with Aramco. These are value round $600 million, in line with Saipem.
The primary contract has a period of 32 months and encompasses the EPCI of roughly 21 miles of pipeline, with diameters of 20” and 30″, and associated works on topside buildings on the Berri and Abu Safah oil fields, Saipem highlighted, including that the second contract has a period of 12 months and contains subsea interventions at Marjan area and the EPC of 300 meters of onshore pipeline and related tie-ins.
On December 21, 2025, Saipem introduced that, in partnership with Offshore Oil Engineering Co. Ltd. (COOEC), it had been awarded an offshore EPCI contract by QatarEnergy LNG for the COMP5 bundle of the North Area Manufacturing Sustainability (NFPS) Offshore Compression Complexes mission. The general worth of the contract is roughly $4 billion and Saipem’s share quantities to roughly $3.1 billion, Saipem highlighted on the time.
To contact the writer, e mail andreas.exarheas@rigzone.com
