The first contract, valued at approximately €1.6bn, is for the Neptun Deep Gas Development Project in the Black Sea. Credit: Maria Lupan on Unsplash.

Saipem has secured two contracts worth €1.8bn ($2bn) for offshore engineering and construction (E&C) work in Romania and Germany.

The first contract, valued at approximately €1.6bn, was awarded by OMV Petrom for the Neptun Deep Gas Development Project offshore Romania in the Black Sea.

Related Company Profiles

View all

The project’s scope includes engineering, procurement, construction and installation (EPCIC) of a gas processing platform at a depth of around 100m.

It also comprises three subsea developments, a 160km-long 30in gas pipeline, and a fibre-optic cable from the platform to the Romanian coast.

The Saipem 7000 and JSD 6000 vessels will handle the offshore activities, while the gas processing platform will be constructed in Saipem’s yards in Italy and Indonesia.

OMV Petrom CEO Christina Verchere said: “With the signing of this contract, we are taking a major step in the development of the Neptun Deep project – practically, this marks the beginning of the execution phase. We will continue to work at pace so that we safely produce the expected gas volumes starting in 2027.”

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.

Saipem CEO Alessandro Puliti said: “We are proud to have been selected, after a competitive bid process, as suppliers for the EPCIC contract for the Neptun Deep development. We will use our local team, in the Technology Center near Ploiesti, for testing the materials to be used for the offshore facilities.”

The second contract was awarded by GASCADE Gastransport to install the Ostsee Anbindungsleitung pipeline in north-eastern Germany’s Pomeranian Bay.

Using its pipelay barge Castoro 10, Saipem will haul and install a 48in gas line over a distance of around 50km from the Lubmin site in northern Germany’s Baltic Sea region to the Mukran port along the island of Rügen’s eastern coast.