Saipem receives new contracts

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of €1.5 billion. The most significant contract relates to the Field Development Project for the Zohr gas field, located off the Egyptian coast in the Mediterranean sea.

Petrobel has awarded Saipem an Engineering, Procurement, Construction & Installation (EPCI) contract for the start-up of the development project for the Zohr Gas Field.

The scope of work of the contract comprises the installation of a 26 in. gas export trunkline and 14 in. and 8 in. service trunklines, as well as EPCI work for the field development in deep water (up to 1700 m) of 6 wells and the installation of the umbilical system. Work is due to be completed by the end of 2017.

In order to ensure that the accelerated development schedule is met, Saipem will mobilise a highly capable fleet of vessels to carry out offshore operations, consisting of the ultra-deepwater last generation pipelayer Castorone, the semisubmersible pipelayer Castoro Sei, the trench/pipelay barge Castoro 10, and other specialised vessels.

“We are very pleased to have been selected for the important objective of delivering first gas from Zohr before the end of 2017,” commented Stefano Cao, Saipem CEO. “We will mobilize a fleet of vessels with last-generation capabilities, and leverage on our proven expertise and consolidated presence in the area, in order to ensure our clients achieve their targets.”

Saipem has also agreed to various changes in the scope of work on existing E&C Offshore contracts in other countries.

Edited from press release by Angharad Lock

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07072016/saipem-receives-new-contracts-2711/