Gulf Oil and Gas accountACCOUNT

Saipem Awarded $750m Engineering & Construction and Drilling Contracts

Source: www.gulfoilandgas.com 5/27/2014, Location: Asia

Saipem has been awarded a new Engineering & Construction contract in the Caucasus region and some new Drilling contracts in the Middle East, for a total value of approximately $750 million.

In the E&C onshore sector, Saipem has been awarded by the Shah Deniz consortium, in joint venture with Azfen JV, a leading Azerbaijani contractor, the contract for the construction and commissioning of the expansion of the South Caucasus Pipeline in Azerbaijan and Georgia.

The scope of work for this contract includes the construction of a 428km pipeline loop and associated above ground installations, including block valves, a pigging facility and tie-ins in Azerbaijan and Georgia, as well as the construction of a 59km second pipeline loop and associated above ground installations in Georgia. The expanded section of the South Caucasus Pipeline will start approximately 23km from the Sangachal Terminal, located south-west of Baku, in Azerbaijan, and will end in Georgia just south of Tbilisi. The project will be completed by the second quarter of 2018.

Saipem is directly involved in the Shah Deniz Stage 2 development project, following the award last month of an offshore E&C contract worth $1.8 billion.

In the Drilling sector, Saipem has agreed in the Middle East a one year extension of an existing contract for three onshore rigs starting in the second half of 2014, and has signed new contracts for three onshore rigs starting in the second quarter of 2015 and with a duration of five years. These contracts consolidate Saipem presence in the Middle East as one of the key Drilling Contractors, with a total fleet in the region of 30 rigs.

In addition, in the offshore Drilling, Saipem has agreed a one year extension of the Perro Negro 7 contract, a high specification jack-up capable of operating in water depths of up to 375 feet, also presently working in the Middle East.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Engineering Procurement and Construction (EPC) News in Azerbaijan >>

Canada >>  9/13/2019 - Clough as part of the Clough PPM joint venture is pleased to announce it has been awarded the EPC contract for the loadout line trestle for the LNG Ca...
Saudi Arabia >>  9/10/2019 - Subsea 7 S.A. announced the award of a large(1) contract by Saudi Aramco for Marjan Increment Projects - Package 2, offshore Saudi Arabia. ...

Saudi Arabia >>  9/6/2019 - Subsea 7 has announced the award of three contracts, together representing a sizeable award for Subsea 7, by Saudi Aramco under the Long Term Agreemen...
France >>  8/28/2019 - A consortium including DEME and Eiffage Métal has been awarded a major EPCI contract for 80 foundations at the Saint-Nazaire offshore wind farm in Fra...

Malaysia >>  8/28/2019 - The Board of Directors of Muhibbah is pleased to announce that Muhibbah Engineering (M) Bhd has received an award from Petrofac (Malaysia-PM304) Limit...
Saudi Arabia >>  8/22/2019 - Consortium of L&T Hydrocarbon Engineering Limited (LTHE) and EMAS AMC PTE Ltd. (A Subsea7 Company) has been awarded a project by Saudi Aramco. This ...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


Azerbaijan Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |

Oil & Gas Projects in Azerbaijan >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.