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Saipem nets Saudi Aramco, FPSO contracts

Written by  OE Staff Monday, 03 July 2017 02:24

Italian contractor Saipem has been awarded a contract by Saudi Aramco for engineering, procurement, construction, installation activities and trunklines and installation works in Saudi Arabia, under a long-term agreement running from 2015 until 2021. 

The scope of work includes the design, engineering, procurement, construction and installation of a total of 19 jackets for the development of fields in Marjan, Zuluf, Berri, Hasbah, and Safaniya, in the Arabian Gulf.

Additionally, Saipem has negotiated the extension in Angola of the deployment of vessel FPSO Gimboa, inclusive of management and maintenance services, personnel, material and consumable supplies for three years, plus one optional year. 

Finally, Saipem has defined change orders for projects in West Africa and in the Caspian Sea. 

Together, the new contracts, relevant to Q2, amount to US$500 million.

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