Saipem awarded $650 million offshore contracts

Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million.

The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. The contract encompasses the EPCI of rigid Pipe-In-Pipe flowlines with associated subsea structures.

The second contract has been awarded by EnQuest for the decommissioning of existing infrastructures in the Heather oil field, located in the UK sector of the North Sea.

The third contract has been awarded under the Aramco LTA program in Saudi Arabia. Saipem will execute the offshore EPCI of one platform topside and the associated subsea flexible, umbilical and cable system.

Furthermore, Saipem has been awarded two Front-End Engineering Design (FEED) contracts for gas development projects. The first one, assigned by Shell Trinidad & Tobago Ltd., is related to the development of the Manatee natural gas field. The second contract has been assigned to Saipem, in partnership with PT Tripatra Engineers and Constructors and Daewoo Engineering & Construction Co. Ltd., by PAPUA LNG Development Pte. Ltd. It concerns the development of the upstream facilities to feed the natural gas PAPUA LNG project in Papua New Guinea.

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