Saipem is responsible for the engineering, procurement, construction and installation (EPCI) of a 143km, 28in diameter offshore pipeline. Credit: T. Schneider/Shutterstock.

Saipem has received contracts to develop offshore facilities for two major projects related to the transportation and storage of CO₂ in the UK.

On 15 March, Saipem initially announced a letter of intent concerning the projects, which have now reached the final award stage.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The first project, Northern Endurance Partnership (NEP), was awarded by Net Zero North Sea Storage, a joint venture comprising BP, Equinor and Total Energies.

The second project, Net Zero Teesside Power (NZT), was awarded by Net Zero Teesside Power, a joint venture between bp and Equinor.

The projects are integral to the East Coast Cluster, an initiative aimed at creating the UK’s first zero-emission industrial hub in the north-east of England.

The combined value of the projects is approximately €650m ($683m), with an expected duration of 30 months.

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’s responsibilities cover the EPCI of a 143km, 28in diameter offshore pipeline, with associated landfalls and onshore outlet facilities for NEP and the EPCI of the water outfall for NZT.

The offshore pipeline installation will be carried out by Saipem’s flagship vessel, the Castorone, while the nearshore operations will utilise the company’s shallow-water pipelay vessel, the Castoro 10.

The award of the contracts follows the successful completion of regulatory clearances and positive final investment decisions by the clients and the UK Government.

These projects are expected to contribute to the UK’s net-zero targets by enabling the transportation and storage of around four million tonnes of CO₂ annually from 2028.

In November 2024, Saipem, in partnership with PT Meindo Elang Indah, secured a $1.2bn offshore EPCI contract for the Tangguh CCUS [carbon capture, utilisation and storage] compression project in Papua Barat, Indonesia, operated by BP Berau.

Saipem’s share of the contract is approximately $1bn.