Saipem awarded two EPCI contracts by Aramco
Saipem has been awarded two offshore contracts in the Kingdom of Saudi Arabia together worth around US$400mn, under its existing Long-Term Agreement with Aramco
The first covers the Engineering, Procurement, Construction, and Installation (EPCI) of one water injection tie-in platform, two water injection wellheads, approximately 5 km of pipeline with diameters of 24 inches and approximately 15 km of 15kV cables at the Safaniya oilfield. The second contract includes the EPCI activities for four water injection wellheads, as well as associated subsea facilities, also at the Safaniya oilfield.
For the offshore operations, Saipem will employ its construction vessels that are currently deployed in the region.
The fabrication activities related to the projects will be executed at Saipem’s Saudi Fabrication Yard by Saipem Taqa Al-Rushaid Fabricators Co. Ltd. which continues to contribute to the development of local industry capabilities.
One of the world’s largest offshore oilfields, Safaniya holds around 37bn bbl of reserves and has a production capacity of over 1.2mn bpd. It is located around 265 km north of Dhahran.
Saipem was in February awarded a US$500mn offshore contract under its Long-Term Agreement with Aramco, covering the EPCI of a 48inch trunkline, comprising approximately 65 km offshore and 12 km onshore, as well as associated subsea facilities in the Safaniya oilfield.
The award of these new contracts strengthens Saipem’s presence in the Kingdom of Saudi Arabia and further consolidates its longstanding relationship with Aramco.