Jul 06 - Saipem Awarded a New Contract Worth in Excess of 500 Million Euro

Source Press Release
Company ENI S.p.A. 
Tags Other Businesses
Date July 10, 2006

Saipem has been awarded a service contract for the maintenance of Eni’s oil and gas production plants located in Italy - onshore and offshore - from which Eni produces approximately 260,000 daily boe.

The contract is worth in excess of 500 million euro. Saipem will be Eni’s exclusive provider of all ordinary and extraordinary maintenance services until the first quarter of 2012.

Services provided will cover the whole maintenance chain, from maintenance engineering to procurement and operative maintenance.

Saipem ( 43% owned by Eni) is leader in the provision of Engineering, Procurement, Project Management and Construction services for the Oil & Gas Industry, with a distinctive capabilities in design and execution of large scale offshore and onshore projects, and with a strong bias towards activities in deepwater, remote areas and with significant technological competence such as gas monetization and heavy oil exploitation.

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