Saipem wins Qatar EPC contract

Saipem has strengthened its position in the Middle East with the award of an EPC contract by QatarEnergy LNG worth around US$4bn

The contract is for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program aimed at increased production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar.

Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as around 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.

The contract follows the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project - [COMP 2], awarded to Saipem in October 2022 and currently underway.

QatarEnergy’s North Field LNG expansion includes the North Field East (NFE), the North Field South (NFS) and the recently announced North Field West (NFW), which together will raise Qatar’s LNG production capacity from the current 77 MTPA to 142 MTPA in 2030, thereby cementing Qatar’s status as a leading global LNG producer and exporter.

The contract follows recent wins for Saipem in Saudi Arabia as part of its Long Term Agreement (LTA) with Aramco; in July it won two offshore EPC contracts worth around uS$500mn relating to the Abu Safa, Berri and Manifa fields, which was followed by won two offshore EPCI contracts worth around US$1bn relating to the Marjan, Zuluf and Safaniya oilfields in September.