Saipem has secured two offshore initiatives in Saudi Arabia totaling roughly $500 million.
The 2 initiatives are below an present long-term settlement (LTA) with Saudi Arabian Oil Co. (Aramco), Saipem mentioned in a information launch.
Saipem’s scope of labor below the primary mission includes the engineering, procurement, development and set up (EPCI) of a crude trunkline of roughly 31 miles (50 kilometers) with a diameter of 42 inches for the Abu Safah Discipline, positioned within the waters of the Persian Gulf.
- Advertisement -
The second mission includes manufacturing upkeep packages on the Berri and Manifa Fields, the corporate mentioned.
Saipem additional famous that the award of the initiatives additional consolidates its positioning within the Center East.
In Might, Saipem introduced that it was awarded three contracts value an total quantity of $3.7 billion by TotalEnergies EP Angola Block 20 for the Kaminho mission positioned offshore the nation.
In line with an earlier launch, one of many offers refers back to the Engineering, Procurement, Building, Transportation and Commissioning of the Kaminho Floating Manufacturing Storage and Offloading (FPSO) vessel.
One other contract contains the Operation and Upkeep (O&M) of the FPSO for a agency interval of 12 years, with a possible eight 12 months extension, and the opposite includes Engineering, Procurement, Provide, Building, Set up, Pre-Commissioning and Help for the commissioning and start-up of a Subsea, Umbilicals, Risers and Flowlines (SURF) bundle, Saipem revealed within the launch.
“For the offshore marketing campaign, and particularly for the J-lay vessel, Saipem will deploy its FDS and can broadly contain the native provide chain for logistics and fabrication actions,” Saipem mentioned within the launch.
“The joint award of the SURF, FPSO, and O&M contracts confirms the competitiveness of Saipem’s built-in enterprise mannequin, specifically the corporate’s distinctive functionality to offer offshore and plant mission administration and engineering companies, mixed with a state-of-the-art fleet and native fabrication capability,” the corporate added.
Earlier within the month, Aramco mentioned it awarded development contracts value a mixed $25 billion for growth, drilling and capability upkeep initiatives for its pure fuel belongings. The awards “progress its strategic fuel growth, which targets gross sales fuel manufacturing development of greater than 60 % by 2030, in comparison with 2021 ranges”, the state-owned vitality firm mentioned in a separate assertion.
Saipem describes itself as a worldwide chief within the engineering and development of main initiatives within the vitality and infrastructure sectors, each offshore and onshore. The corporate has 7 fabrication yards and an offshore fleet of 21 development vessels (of which 17 are owned, and 4 owned by third events and managed by Saipem) and 15 drilling rigs, of which 9 are owned. Saipem mentioned it’s dedicated to supporting its shoppers on the vitality transition pathway in the direction of Web Zero, with more and more digital means, applied sciences and processes geared in the direction of environmental sustainability. Listed on the Milan Inventory Alternate, it’s current in additional than 50 nations around the globe and employs about 30,000 individuals of over 120 nationalities.
To contact the creator, electronic mail rocky.teodoro@rigzone.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all vitality professionals to Converse Up about our trade, share data, join with friends and trade insiders and have interaction in an expert neighborhood that can empower your profession in vitality.
