Italian offshore service provider Saipem has announced that it has been awarded new E&C contracts cumulatively valued at around €430m ($488m).
The awards include a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project, additional works related to the installation of multi-phase pipelines in the Caspian Sea, and the recently announced contract for the offshore section of the Trans Adriatic Pipeline project.
Saipem said most of the recent awards are related to gas and renewables infrastructure, highlighting its exposure to activities that are not directly impacted by the oil price.
