Saipem bags Aramco deals

MILAN, November 10, 2016 – Italy’s Saipem on Wednesday said it had been awarded contracts with a combined value of USD 1 billion, including two with Saudi Aramco for offshore field development work.

Saipem’s Aramco deals fall under the scope of the latters Long Term Agreements, a set of contracts with several contractors that run until 2021. The Italian engineering firm’s recent awards, two engineering, procurement, installation and construction contracts, centre on the Safaniyah and Marjan & Zuluf fields, which “are among the most important offshore fields in the region,” Saipem wrote.

At Marjan & Zuluf, Saipem’s work will cover seven platform decks, 46 kilometres of 16-inch pipes and 31 kilometres of 15 kV subsea cables. In Safaniyah, with some 37 billion barrels of heavy crude considered the biggest offshore field on the plant, Saipem will carry out dismantling and maintenance work on existing platform and possibly work on steel jackets for 10 new wellhead platforms.

Saipem is also in the running for phase five of the Safaniyah development, the tender for which was floated in August.

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