Saipem awarded new contracts by BP in Azerbaijan

Italy’s Saipem, in consortium with Boshelf LLC and Star Gulf FZCO, has been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas field offshore Azerbaijan.

A statement from the Italian contractor explains that this field is located in the Caspian Sea around 120km off the coast of Azerbaijan, the field extends over an area of more than 4,000 sq km and is one of the largest of its kind in the world.

Specifically, two contracts are for pipeline design, pipelay and related activities, while the third is for transportation and installation of four jacket pin piles, subsea structure and spools.

Saipem’s share of the overall value of the three contracts is approximately $145m.

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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