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Saipem wins two EPIC contracts from Saudi Aramco

Industry

Saipem has been awarded two EPIC (Engineering, Procurement, Installation, Construction) contracts by Saudi Aramco

 

The contracts, worth US$1.3bn, are part of the long term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021, Saipem stated in a statement.

These two contracts refer to the development of offshore fields in Berri and Marjan, located in the Arabian Gulf, which are among the most important offshore fields in the region.

Saipem’s activities will include the design, engineering, procurement, construction, installation and implementation of subsea systems, as well as the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.

The company added that it is one of the leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market.

The company has distinctive competencies in operations in harsh environments, remote areas and deepwater. It provides a full range of services with ‘EPC’ and ‘EPCI’ contracts (on a ‘turn-key’ basis) and has distinctive capabilities and unique assets with high technological content.

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