The latest contract is for the NFPS Offshore Compression Complexes Project – EPC 2. Credit: SAIPEM SpA.

Qatargas has awarded a contract worth approximately $4.5bn to Saipem related to two offshore gas compression complexes for the North field offshore Qatar.

The contract has been awarded for the North Field Production Sustainability (NFPS) Offshore Compression Complexes Project – EPC 2.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Saipem noted that the order marks the ‘largest’ single offshore contract by total value in its history.

Under the contract, Saipem will be responsible for the engineering, procurement, fabrication, and installation of two offshore natural gas compression complexes.

Intended to sustain the production of the North Field, the offshore natural gas compression complexes will comprise interconnecting bridges, two fixed steel jacket compression platforms, flare platforms, interface modules, and living quarters.

Saipem plans to make use of its own assets along with its expertise and capabilities related to offshore installation, engineering, and fabrication to execute the contract.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a press statement, the firm said: “With this contract, Saipem accelerates its strategic repositioning in the offshore segments (E&C and drilling), which represent the large majority of the announced order intake year-to-date, further supporting the delivery of its strategic plan.”

​​The North Field is located off the north-east coast of the Qatar peninsula. It spans an area of over 6,000km².

In March 2021, Qatargas awarded a $1bn contract to Saipem for offshore export pipelines and related onshore works for the North Field Production Sustainability Project.

In the same year, the Italian contractor was also selected for additional scope of work for the same project.

The additional work involved rerouting the hydrocarbons from the existing wellhead platform via the new facilities, due to the decommissioning of an existing pipeline.