Saipem’s scope encompasses the Engineering, Procurement, Construction and Installation (EPCI) of offshore and subsea facilities.
The project will leverage Saipem’s proven regional track record in delivering pipeline and offshore infrastructure, supported by its regional vessels and advanced engineering capabilities.
About Saipem
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore.
The company has 5 fabrication yards and an offshore fleet of 17 owned construction vessels and 12 drilling rigs, 9 of which owned.
Listed on the Milan Stock Exchange, Saipem operates in more than 50 countries and employs about 30,000 people representing 125 nationalities.
Earlier, the company had signed a legally binding sale and purchase agreement with ADES Saudi Limited Company, an indirect subsidiary of ADES Holding Company (ADES), an international operator active worldwide in offshore and onshore drilling services, for the sale of its entire shareholding in Saudi Arabian Saipem Limited (SAS).
