Italian turnkey contractor Saipem has won two contracts worth around $1bn from Saudi Aramco for the works related to the development of three offshore oilfields in Saudi Arabia.
Under the contracts, Saipem will provide engineering, procurement, installation and construction services for the development of fields in Marjan, Zuluf and Safaniya, located in the Arabian Gulf.
The contracts will also include implementation of subsea systems, in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.
Furthermore, the two contracts will also include additional maintenance and dismantling works on the existing platforms operating in the fields.
Saipem CEO Stefano Cao said: “With these contracts, Saipem is further reinforcing its presence in the Middle East, a highly strategic area.
“New contracts from a long-standing customer like Saudi Aramco are also an important, strong mark of its trust in Saipem as, once again, the high quality of its services and its solid expertise in the construction and installation of offshore platforms are recognised.”