01 October 2024

Saipem, a leading engineering and construction company, said it has been awarded a new offshore contract worth $2 billion, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia.

The award follows the completion of the bidding procedure, and the compliance of the usual preliminary conditions requested by the client, said Saipem.

The scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides and jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fibre-optic cables, it stated.

For the project, Saipem will deploy its local offshore fleet, including state-of-the-art dynamic positioning vessels, its advanced welding technology and will leverage its renowned engineering expertise.

Furthermore, the fabrication activities will be executed at the Saudi fabrication yard Saipem Taqa Al Rushaid Fabricators Company (Stat), located in Dammam, further enhancing the local content and developing the capabilities of the local industry, said the company.

This important contract, following the recent awards by Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia.

This comes close on the heels of Saipem’s recent contract win for the provision offshore EPC services to QatarEnergy LNG as part of the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program.

Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as approximately 100 km of corrosion resistance alloy rigid subsea pipelines of 28’’ and 24’’ diameter, 100 km of subsea composite cables, 150 km of fibre-optic cables and several other subsea facilities. 

• Red Sea Global wins seven new LEED certifications
• Vision 2030 drives $1.3trn into real estate, infrastructure
• Major milestones on Amaala; $6bn deals inked
• EPC deal awarded for $400m Aramco staff housing
• Aramco, China’s CNBM tie up for advanced materials
• Roshn inaugurates new green initiative centre
• Besix, AlBawani break ground on Aramco Stadium
• Saipem lands $2bn offshore EPC contract
• Work kicks off on $1.95bn The Avenues – Khobar
• JuffaliTrucks sets new standards in transportation

Tags

Qatar Cranes Water Technology Focus: Tougher Concrete Just Out Legally Bound Regional News Saudi Focus UAE Focus Events Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.