Saipem awarded contracts worth $488m

Saipem awarded contracts worth $488m

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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