Saipem wins new contract in Azerbaijan worth $1.3bn

Saipem wins new contract in Azerbaijan worth $1.3bn

Saipem, along with consortium partners Bos Shelf and Star Gulf, have been awarded call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, the Italian EPC company has announced.

The total value of the contract is approximately $1.5bn, with Saipem’s share accounting for around $1.3bn, and has a duration of five years plus a possible extension for a further five.

The scope of work includes the transport and installation of subsea production systems and subsea structures, laying of fiber optic cables and production umbilicals, laying of 90 kilometers of pipelines, the activation, crewing and operations management of newbuild subsea construction vessel Khankendi, SCV diving support, remotely operated vehicle (ROV) support and marine base management post 2017.

The Shah Deniz field is located 90 kilometers offshore Azerbaijan, in water depths from 75 to 550 metres.

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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