Saipem lands new deal in Middle East worth $1.3 billion
Stefano Cao, Saipem CEO
5 June 2018
Italian contractor Saipem has been awarded a pipeline project in the E&C offshore sector in the Middle East worth approximately $1.3 billion.
The Italian company said on Monday that the contract involves engineering, procurement, construction and installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch Corrosion-Resistant Alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.
The award includes the novation of substantial CRA Linepipe and long lead items contracts, Saipem added.
No further details have been revealed about the contract. SOURCE: OET