Saipem wins offshore E&C contracts worth $400m

WCN Editorial Team 15 Oct 2018 EUROPE ENERGY & UTILITIES

Italian oil and gas industry contractor Saipem has secured offshore E&C contracts worth about $400m in Azerbaijan, the North Sea and the Republic of Congo.

In Azerbaijan, Saipem’s subsidiary, Saipem Contracting Netherlands, Boshelf and Star Gulf FZCO secured contract from Total for the development of the Absheron field operated by JOCAP, a JV between TOTAL E&P Absheron (50%) and SOCAR Absheron (50%), from 10mt to 500mt of water depth, located under the Caspian Sea.

The work includes engineering, procurement, fabrication, and offshore installation, assistance to commissioning and to performance testing of a 12” single production flowline and its Flowline End Termination structure (FLET), and of a main umbilical, both being about 34km in length.

The Italian contract has secured an order from Humberside Gathering System, on behalf of the Tolmount Development Partners (Premier Oil and Dana Petroleum) for pipeline engineering, procurement, construction and installation (EPCI) works in relation to the development of the Tolmount Main gas field, located in the Southern North Sea.

Lastly, Saipem, through its subsidiary Boscongo, has won a modification, maintenance, and operations (MMO) contract from Eni Congo for the provision of maintenance services, modifications, and improvements on all Eni Congo offshore sites in Congo over a period of 36 months.

The scope of work includes on-site maintenance activities, such as troubleshooting, planned and unplanned maintenance as well as the supply of spare parts, materials and workshop activities at Boscongo yard (Pointe Noire).

Saipem COO of E&C offshore division Stefano Porcari said: “These new offshore contracts confirm Saipem’s success in achieving its strategy aimed at consolidating its leadership in traditional markets, such as SURF, Conventional and Pipelines, as well as at diversifying its business in Non-Oil Capex segments, such the Modifications Maintenance Operations market.

“The SURF contract, in particular, confirms the importance of Azerbaijan, where we have been working with continuity for several years, bringing our expertise to create an enduring and fruitful relationship in the country as well as contributing and consolidating our local content endeavour.”

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Image: Saipem wins offshore E&C contracts worth $400m. Photo: Courtesy of Saipem S.p.A.

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