Saipem receives $1 billion offshore contract from Saudi Aramco

Saipem has been awarded two offshore contracts in Saudi Arabia under its existing long-term agreement with Saudi Aramco. The total value of the two contracts is approximately $1 billion.

Saipem’s scope of work under the first contract includes the engineering, procurement, construction and installation (EPCI) of three production deck modules (PDMs), 33 km of 12-inch and 16-inch diameter subsea rigid pipelines, and 34 km of subsea cables. These infrastructures will be installed in the Marjan oil and gas field.

The second contract involves the EPCI of three jackets, five production deck modules, 22 km of 16-inch diameter subsea rigid pipelines, 5 km of subsea flexible pipelines, 35 km of subsea power cables, to be installed in the Zuluf and Safaniya fields.

For the offshore portions of both projects, Saipem will deploy its construction vessels operating in the region.

Fabrication associated with the projects will be carried out at Saipem’s Saudi fabrication facility, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., which aims to enhance and develop the capabilities of the local industry.

These awards strengthen Saipem’s presence in Saudi Arabia and its long-standing relationship with Aramco.