Italian energy engineering company Saipem has secured an offshore engineering, procurement and construction (EPC) contract from QatarEnergy, worth approximately $4bn (€3.6bn).
The contract is part of the North Field Production Sustainability Offshore Compression Programme, which is designed to maintain the output of the North Field, an offshore natural gas reservoir off the north-east coast of Qatar.
Go deeper with GlobalData
Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms, as well as roughly 100km of corrosion-resistant alloy rigid subsea pipelines 28in and 24in in diameter.
The contract also covers 100km of subsea composite cables, 150km of fibre-optic cables and various other subsea facilities.
It follows the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project – COMP 2, awarded to Saipem in October 2022 and currently in progress.
Last week, Saipem announced the award of two contracts from state-owned Saudi Aramco, with a total value of around $1bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThese contracts are for the Zuluf, Safaniyah and Marjan offshore fields.
For the Marjan field, Saipem’s contract includes the engineering, procurement, construction and installation (EPCI) of three production deck modules (PDMs), 33km of subsea rigid pipelines and 34km of subsea power cables.
The pipelines will have diameters of 12in and 16in.
The second contract for Zuluf and Safaniyah oil fields involves the EPCI of three jackets, five PDMs, 22km of 16in-diameter subsea rigid pipelines, 5km of subsea flexible pipelines and 35km of subsea power cables.
In July, Saipem expanded its portfolio by securing a contract to provide supervision and subsea intervention services for the GreenStream pipeline, which connects the Mellitah terminal in Libya to Gela in Italy.
The agreement with GreenStream, a midstream company in the Mediterranean Sea, continues a partnership that began in 2008 encompassing asset integrity, inspection, maintenance and emergency services, and that now includes a broader range of customer needs.
