Jul 07 - Saipem Awarded Two Offshore Contracts Worth USD 230 Million

Source Press Release
Company ENI S.p.A. 
Tags Other Businesses
Date July 09, 2007

Saipem has been awarded two new offshore contracts in Kazakhstan and Egypt worth a total value of USD 230 million.

Kazakhstan

Agip KCO awarded the Saipem and Aker Kvaerner unincorporated consortium a contract as part of the experimental programme of the Kashagan field development in the Caspian Sea. The contract includes early work activities for the hook-up and commissioning of the offshore facilities as well as for the inshore completion to be executed in the Kuryk yard. The scope of work also includes the procurement, refurbishment and preparation of five barges which will be converted into temporary living quarters and offices, as well as temporary barges for power generation, tool sheds and warehouses.

Egypt

Petrobel has awarded the Saipem and PMS consortium the contract for the laying of a 32” pipeline connecting the El-Gamil gas processing plant with an existing platform located in the Denise Pliocene gas field. The field is located 60 kilometres off the coast of Egypt in water depths of up to 85 metres. Saipem’s scope of work includes engineering, project management, transportation and installation of the sealine and precommissioning. The marine activities will be carried out by Crawler vessel in the second half of 2007.

Saipem (43% owned by Eni) is a leader in the provision of engineering, procurement, project management and construction services for the oil & gas Industry, with unique capabilities in designing and executing large scale offshore and onshore projects. Saipem has a strong expertise in operating in deepwater and remote areas. It has significant technological competence in gas monetization and heavy oil exploitation.

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