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Italian Saipem secured a 2nd contract from Qatargas worth over $1 billion

Saipem is present in over 60 countries worldwide and has 32 000 employees

Italian Saipem secured a 2nd contract from Qatargas worth over $1 billion

Milano, March 22 - Neftegaz.RU.Italian oilfield services provider Saipem secured a 2nd contract from Qatargas worth over $1 billion for work at the North Field LNG project in Qatar, the company announced today.
The additional contract (the EPCL package) entails the Engineering, Procurement, Construction, and Installation (EPCI) of offshore export trunklines and related onshore tie-in works.

The scope of work under the new contract for this award includes 3 export trunklines starting from their respective offshore platforms to the Qatargas North & South Plants in Ras Laffan Industrial City for a total length of almost 300 km, as well as associated onshore tie-in works and brownfield activities on existing onshore and offshore facilities.

Saipem stated it will enhance the overall project execution, comprising both EPCO and EPCL scope of work, by combining relevant planned schedules and project management and will start activities immediately.
Pipelaying operations will be executed by the DE HE and Saipem Endeavour vessels.
Project completion is expected by mid-2024.

Stefano Porcari, Saipem E&C Offshore Division COO, commented:
  • This additional contract awarded by our key client Qatargas strengthens our consolidated relationship and represents a further proof of the trust in Saipem’s ability to deliver challenging projects and is a sign of success of our positioning strategy in Qatar
The North Field is undergoing a $28.8 billion expansion, with Saipem winning a $1.7 billion EPCI contract in February 2021 for that project's offshore facilities.
Its one of the largest single non-associated natural gas fields in the world.
It is operated by Qatargas and lies off the north-east shore of the Qatar peninsula.

Source : Neftegaz.RU


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