Saipem wins new orders in Africa and North Europe worth $370m

Italy’s Saipem has announced three new contracts in Africa and North Europe with a total value of approximately $370m.

The Milan-based company has received from Eni Angola work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by Saipem’s E&C Offshore division, encompasses the construction and subsequent installation in deep waters of umbilicals, risers and flowlines required for the development of Block 15/06, located 350 km north west of Luanda and 130 km west of Soyo. 

Furthermore, in the framework of its Maintenance, Modifications and Operations (MMO) activities, once again in the Offshore E&C sector, Saipem has also acquired from Eni Ghana Exploration & Production a contract for the engineering, procurement and construction of the infrastructures needed to boost the capacity of the gas stations situated in the vicinity of the ports of Takoradi and Tema in Ghana.

Finally, among the new acquisitions a contract has been assigned by Nord Stream 2 for the construction of the last section of the pipeline crossing the Baltic Sea and the shore approach in Greiswald, Germany.

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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