Saipem awarded $1.3bn worth of offshore contracts by Saudi Armanco

Saipem awarded $1.3bn worth of offshore contracts by Saudi Armanco

Italy’s Saipem has been awarded two engineering, procurement, installation and construction contracts by Saudi Aramco, worth around $1,3bn, and part of a long-term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.

A statement from the Italian contractor reports that these contracts are part of 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 work scope includes the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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