Saipem scoops $370 million in new contract awards

Italian oil & gas contractor Saipem has been awarded new contracts in the engineering and construction sector with the combined value of $370 million.

In its statement on Thursday, Saipem informed that Eni Angola has awarded the company work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017.

The work, which will be performed by the E&C Offshore division, encompasses the construction and subsequent installation in deep waters of umbilicals, risers and flowlines (Deep Water SURF) required for the development of Block 15/06, located 350 km north west of Luanda and 130 km west of Soyo.

Furthermore, in the framework of its Maintenance, Modifications and Operations (MMO) activities, once again in the Offshore E&C sector, Saipem has acquired from Eni Ghana Exploration & Production Ltd. a contract for the engineering, procurement and construction of the infrastructures needed to boost the capacity of the gas stations situated in the vicinity of the ports of Takoradi and Tema in Ghana.

Finally, a contract has been assigned by Nord Stream 2 AG for the construction of the last section of the pipeline crossing the Baltic Sea and the shore approach in Greiswald, Germany.

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