Two new contracts for Saipem
By Andy Brown18 January 2019
Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation and Construction) by Saudi Aramco, the Saudi Arabian national petroleum and natural gas company. The contracts are for approximately US$1.3 billion.
The contracts are part of a long-term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.
These two contracts refer to the development of offshore fields in Berri and Marjan, located in the Arabian Gulf, which are among the most important offshore fields in the area.
Saipem’s activities include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.