Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco, Report informs referring to Saipem website.
The overall amount of the two projects is approximately $500 million.
Specifically, Saipem’s scope of work under the first project involves the Engineering, Procurement, Construction and Installation (EPCI) of a crude trunkline of approximately 50 km with a diameter of 42” for the Abu Safa Field, while the activities related to the second project involve the production maintenance programs of the Berri and Manifa Fields.
The award of these important projects further consolidates Saipem’s positioning in the Middle East.
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore.
The company has 7 fabrication yards and an offshore fleet of 21 construction vessels (of which 17 owned and 4 owned by third parties and managed by Saipem) and 15 drilling rigs, of which 9 owned.
Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 120 nationalities.