Saipem awarded new Offshore contracts worth US$ 1.5 billion

In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 km south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres, along with associated facilities. Offshore activities will be performed in the third and fourth quarter of 2013.

In Nigeria, Saipem has been awarded the OFON2 - D030 contract by Total E&P Nigeria Limited, for new offshore facilities in the Ofon field, about 50 km off the southern coast of Nigeria.

Saipem will carry out the engineering, procurement, fabrication and installation of the OFP2 Jacket (comprising the 1970 tonne jacket structures and the 4500 tonne piles), as well as the transportation and installation of the complete new OFQ living quarter offshore platform. The fabrication of the jacket will take place in the Saipem Rumuolumeni Yard in Port Harcourt, Nigeria. Offshore activities will be performed mainly by Saipem 3000 vessel, in different phases during 2013.

Furthermore, Saipem has been awarded contracts in the Norwegian and British sectors of the North Sea and in the Gulf of Mexico, mainly based on deployment of the Saipem 7000 vessel, for the transportation and installation of platforms and marine facilities, along with the decommissioning of existing offshore structures. Offshore activities will be performed in several phases commencing in the fourth quarter of 2011 through to late 2014.

Finally, Saipem has agreed to increases in the scopes of its work on a number of existing E&C Offshore contracts.

Published on 18/10/2011


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