Saipem wins Aramco’s offshore contracts worth $1.3bn

Specifications:

Name:

Saipem wins Aramco’s offshore contracts worth $1.3bn

Location:

Berri and Marjan

Company:

Saipem

Estimated Cost:

$1.3 Bn

Source:

businessgateways.com

Saipem, a major Italian oil and gas industry contractor, has been awarded two contracts worth $1.3 billion for engineering, procurement, installation and construction (EPIC) by Saudi Aramco to develop offshore fields in Berri and Marjan.

These two contracts refer to part of the long term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021, and are located in the Arabian Gulf, which are among the most important offshore fields in the region.

Saipem activities include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.