Saipem awarded new contracts worth $400m

Italy’s Saipem has signed new contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of around $400m.

Total has awarded a SURF contract to the consortium between Saipem Contracting Netherlands, Boshelf and Star Gulf in Azerbaijan for the development of the Absheron field in the Capian Sea.
The field is operated by JOCAP, a joint venture between Total and Socar. The scope of work includes engineering, procurement, fabrication and offshore installation, assistance to commissioning and to performance testing of a 12” single production flowline and its flowline end termination structure, and of a main umbilical, both around 34 km in length.

Saipem was also awarded a contract by Humberside Gathering System, on behalf of Premier Oil and Dana Petroleum, for pipeline engineering, procurement, construction and installation works for the development of the Tolmount Main gas field in the Southern North Sea.

Lastly, Saipem has been awarded a modification, maintenance and operations contract by Eni Congo for the provision of maintenance services, modifications and improvements on all Eni Congo offshore sites over a 36-month period.

Stefano Porcari, chief operating officer of Saipem’s E&C Offshore Division, commented: “These new offshore contracts confirm Saipem’s success in achieving its strategy aimed at consolidating its leadership in traditional markets, such as SURF, Conventional and Pipelines, as well as at diversifying its business in Non-Oil Capex segments, such the Modifications Maintenance Operations market. The SURF contract, in particular, confirms the importance of Azerbaijan, where we have been working with continuity for several years, bringing our expertise to create an enduring and fruitful relationship in the country as well as contributing and consolidating our local content endeavour.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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