Saipem Awarded New Contract in Saudi Arabia

Saipem Awarded New Contract in Saudi Arabia

Saudi Aramco has awarded Saipem a new contract to conduct Engineering, Procurement, Construction (EPC) work in Saudi Arabia, Rigzone reported.

The contract comes as a part of long-term agreement sealed in 2015 until 2021. According to the contract, Saipem’s work will include the engineering, procurement and construction of a new offshore pipeline, with 42-inch length, to replace an existing pipeline, in addition to miscellaneous activities that aim to upgrade the Manifa water injection system, Scandinavian Oil-Gas Magazine informed.

Saipem has also won additional works at some previously awarded projects in West Africa.

The total value of the Saudi Arabia and West Africa newly agreed projects’ work is estimated at around $400 million.

The Kuwait Oil Company (KOC) awarded a contract worth approximately $850 million to Saipem, in August, to construct a pipeline system for the new El Zour refinery, Egypt Oil & Gas previously reported.

The pipeline was reported to be used to transport oil and gas from KOC’s manifolds at its South Tank Farm.

Sarah Samir 2903 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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