Saipem has secured two offshore contracts worth approximately $500m (€458.66m) in Saudi Arabia through its ongoing long-term agreement (LTA) with Saudi Aramco.  

The Italian oilfield services company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Arabia. 

The Abu Safa Field, with a production capacity of 300,000 barrels per day divided equally between Bahrain and Saudi Arabia, produces sour medium crude oil.  

According to GlobalData, the field has recovered 86.32% of its total recoverable reserves and is expected to continue production until 2055.  

It currently contributes about 2% to the nation’s daily output. 

The second contract focuses on the production maintenance programmes for the Berri and Manifa Fields.  

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.

The Berri field, discovered in 1964, spans both onshore and offshore areas along Saudi Arabia’s eastern coast.  

The Manifa field, discovered in 1957, is a six-reservoir field in shallow waters. 

Saipem stated that the award of these projects further consolidates its positioning in the Middle East.  

Last week, the company, as a member of a consortium, secured a $300m contract from BP for subsea construction in Azerbaijan’s sector of the Caspian Sea.  

Saipem is the leader of the consortium, which includes BOS Shelf and BOS Shelf International FZCO as partners.  

Saipem’s responsibilities include operating the SCV Khankendi vessel, providing the crew and executing marine activities for the Shah Deniz and Azeri-Chirag-Gunashli oilfields.