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Saipem wins two contracts worth $850m

Saipem wins two contracts worth $850m


Italian offshore engineering and construction player Saipem has landed two new contracts worth a total of around $850m.

The first contract involves the second phase of the Sakarya gas field development project in the Turkish Black Sea waters. The work scope covers engineering, procurement, construction and installation of a 175 km long pipeline at 2,200 m water depth. The offshore work will start in the summer of 2024 and will be executed by Saipem’s flagship vessel Castorone. Saipem recently completed the first phase of the project, it secured from Turkish Petroleum OTC in 2021.

The Milan-headquartered firm also revealed a contract with EnQuest for the decommissioning of the existing Thistle A platform, in the UK sector of the North Sea. The deal includes engineering, preparation, removal and disposal of the jacket and topsides, with possible extension to further subsea facilities. One of the largest semisub heavy lift vessels Saipem 7000 has been earmarked for the project.

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Published: 19-05-2023

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