Saipem Signs $4.1B Contract with ADNOC for Hail, Ghasha Development Project

Saipem Signs $4.1B Contract with ADNOC for Hail, Ghasha Development Project

Italy Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem’s share of the contract amounts to around $4.1 billion.

The project aims to unlock the vast natural gas resources of the Hail and Ghasha fields, located offshore Abu Dhabi, UAE.

Saipem will be responsible for the Engineering, Procurement, and Construction (EPC) of four drilling centers and one processing plant to be built on artificial islands.

Additionally, the project scope includes the construction of various offshore structures and the installation of over 300 kilometers of subsea pipelines.

“The award is in line with Saipem’s unique capability to deliver integrated onshore and offshore projects, providing its clients with a single and reliable interface for complex full-field developments. Saipem will leverage its state-of-the-art shallow water offshore vessels, its advanced welding technology for corrosion-resistant materials, as well as its renowned engineering expertise. Furthermore, Saipem will work with ADNOC to continue the project’s focus on biodiversity and responsible environmental stewardship,” Saipem said in a press release.

“This award reinforces Saipem’s long-standing relationship with ADNOC and further consolidates the company’s presence in Abu Dhabi, which includes an Engineering and Project Execution Centre, as well as a new Offshore Logistic base in Zayed Port,” Saipem continued.


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