Saipem Scoops $500 Mln in Offshore Contracts in Latin America

Saipem has been awarded new E&C Offshore contracts in Latin America for the total value of approximately $500 million.

In Venezuela, Saipem signed with Cardon IV, a 50/50 joint-venture between Eni and Repsol, T&I contracts for the development of the Perla EP Project, in the Gulf of Venezuela.

The scope of work encompasses transportation and installation of an hub platform and two satellites platforms, of a 30-inch diameter and 67-kilometres-long offshore export pipeline, of two 14-inch diameter clad infield flowlines and other infield cables, along with the related tie-in operations.

The marine activities will be mainly performed by the Saipem 3000 and Castoro 7, between the third quarter of 2013 and the second quarter of 2014.

In Brazil, Saipem has been assigned by Petrobras an EPCI contract for the Sapinhoa Norte and Iracema Sul Project, to be developed in the Santos Basin Pre-Salt Region, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo States.

The scope of work includes engineering, procurement, fabrication and installation of two offshore pipelines, with related terminations (PLETs), to be installed in the Sapinhoà Norte and Iracema Sul fields in water depths up to 2,200 metres.

The marine activities will be performed by the Saipem FDS 2 in the fourth quarter of 2014.

Saipem yard in Guarujá, currently under development, will be used for pipe logistics and storage.

Press Release, April 22, 2013

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