Saipem Secures $500M Offshore Job in Saudi Arabia

Monday, July 15, 2024

Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.

Saipem’s scope of work under the first project involves the engineering, procurement, construction and installation (EPCI) of a crude trunkline of approximately 50 km with a diameter of 42 inches for the Abu Safah field.

The activities related to the second project involve the production maintenance programs of the Berri and Manifa fields.

The overall amount of the two projects is approximately $500 million, Saipem said.

Categories: Middle East Subsea Industry News Activity Oil and Gas

Related Stories

Reach Subsea, Beacon Offshore Form Australian Subsea Partnership

QatarEnergy Extends LNG Force Majeure Into Mid-August

Archer Bolsters P&A Portfolio with isol8 Acquisition

Current News

Orlen Looks for Partner for 1GW Polish Offshore Wind Project

TotalEnergies Advances 1.5GW Normandy Offshore Wind Project

Oil Shoots Up After Iran and US Exchange Air Strikes

Norwegian Oil Firms Lift 2026-2027 Investment Outlook

Subscribe for OE Digital E‑News