Saipem Scores an Array of New Deals Worth $650MM

Italian oilfield services company Saipem has been awarded three offshore deals and two FEED contracts with a total price tag of $650 million.

The company said in its statement that the first contract has been assigned by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 111 miles offshore Angola, about 12.4 miles west of the N’Goma FPSO (West Hub), which has been in operation since November 2014.

The contract encompasses the engineering, procurement, construction and installation (EPCI) of rigid pipe-in-pipe flowlines with associated subsea structures. Saipem will mobilize its offshore installation vessel FDS2, the statement reads.

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, around 285 miles northeast of Aberdeen. Saipem’s activities entail the engineering, preparation, removal and disposal of the upper jacket of the Heather platform, utilizing the semisubmersible crane vessel Saipem 7000.

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

Furthermore, Saipem added it has been awarded two front-end engineering design (FEED) Competition contracts for gas development projects. The first one, assigned by Shell Trinidad & Tobago, 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, by Papua LNG Development. It concerns the development of the upstream facilities to feed the natural gas Papua LNG project in Papua New Guinea, the statement reads.

Saipem stressed that these contracts further consolidate its positioning, both geographically and in key segments for the offshore business, in particular in decommissioning where it said it boasts an important track record.

In addition, the company noted that these awards leverage on Saipem’s combination of its unique assets and expertise in competitive FEEDs that allow for the presentation of effective offers and safe and innovative solutions.


Sarsan Oilfields Supply Centre