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Saipem Awarded New Onshore E&C Contracts Worth Around $1B

Source: www.gulfoilandgas.com 11/16/2017, Location: Middle East

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Saipem has been awarded a new contract in Onshore E&C. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the south-east of the Arabian Peninsula, which is part of the development plans to meet the country’s energy needs.

The contract was awarded by Saudi Arabian Oil Company (SAUDI ARAMCO). The scope of work includes, among the main activities, the construction of two natural gas treatment units, gas dispatch units and associated utility systems.

The other contracts involve engineering, procurement, construction and commissioning and the start up of a unit for the “General Lazaro Cardenas” refinery in Minatitlan, in eastern Mexico, of five units of the “Francesco I” refinery located in Madero and a unit of the "Miguel Hidalgo" refinery located in Tula de Hallende.

The contracts were awarded by Pemex Transformacion Industrial, a subsidiary of the national oil company Petroleos Mexicanos (PEMEX).

Saipem was also awarded additional works regarding previously acquired projects in the Onshore E&C sector in Saudi Arabia and Kazakhstan.

The total value of these new awards is approximately 1 billion USD.

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