Saipem has been awarded new engineering and construction offshore contracts cumulatively valued at US$196 million (€180 million). The most significant initiatives are:
Johan Sverdrup Export Pipelines Project
Statoil, on behalf of the Johan Sverdrup partners, has awarded Saipem an installation contract for the Johan Sverdrup Export Pipelines Project. The Johan Sverdrup field is located on the Utsira Height in the North Sea, 155 km west of Stavanger, and is one of the five biggest oil fields on the Norwegian continental shelf, with expected reserves of between 1.7–3 billion boe. Saipem will be responsible for the installation of a 156km 18in gas export pipeline for the Kårstø gas terminal, as well as approximately 282km 36in oil export pipeline (depending on final routing) for the Mongstad terminal.
Work on the project, which is scheduled to start in spring 2018, will be carried out by Saipem’s flagship, the ultra-deep water last generation pipe-layer CastorOne, which will be undertaking operations in the North Sea for the first time. The Johan Sverdrup partnership comprises Statoil (operator), Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil.
Panama International Terminal
PSA Panama International Terminal has awarded Saipem, in joint venture with the Belgian dredging company Jan De Nul, an engineering, procurement and construction contract for the expansion of the international terminal, located at the Panama Canal’s Pacific entrance.
The expansion comprises the dredging and excavation of approximately 4 MMcu m of material to a depth of 16.3m and the construction of an 800m quay wall. The expanded terminal, scheduled to be operational in 2017, will be able to handle two mega ships simultaneously.