Saipem racks up $680 million in new contracts

October 9, 2015

Saipem announced it has won new engineering and construction contracts cumulatively worth approximately US$680 million (€600 million). Included are contracts awarded by Saudi Aramco and Eni.

The contract with Saudi Aramco is an EPCI job for offshore structures which include an observation platform, wellhead production deck module, auxiliary platforms, 20in internally cladded flowline and composite power cable. The structures will be installed offshore Saudi Arabia.

The Eni Angola contract is another EPCI job for block 15/06 - East Hub Development Project. The scope of works includes the provision of five flexible risers and 20km of rigid flowlines, as well as installing SURF facilities which include umbilical sections, rigid spools, well jumpers and 14 PLETs to be fabricated in Angola. The project will be completed by the end of 2016.

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