Saipem scores big with $1bn deal from Saudi Aramco

Italian offshore engineering and construction giant Saipem has been awarded two offshore contracts in Saudi Arabia worth approximately $1bn under its existing long-term agreement with Saudi Aramco.

Saipem’s scope of work under the first contract involves the engineering, procurement, construction, and installation (EPCI) of three production deck modules, 33 km of subsea rigid pipelines with diameters of 12 inches and 16 inches, and 34 km of subsea power cables. All of this will be installed on the Marjan oil and gas field.

The second contract involves the EPCI of three jackets, five production deck modules, 22 km of subsea rigid pipelines with a diameter of 16 inches, five km of subsea flexible pipelines, and 35 km of subsea power cables on the Zuluf and Safaniyah oil fields.

For the offshore component of the two projects, Saipem will deploy its construction vessels that are operating in the region.

The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators.

This is the second deal with Saudi Aramco in the space of several months. In July, Saipem secured work on the Abu Safa, Berri, and Manifa fields in Saudi Arabia worth a total of about $500m.