The Milan-based offshore services and drilling company Saipem has announced that it was awarded an additional offshore contract (Contract Release Purchase Order or CRPO) in Saudi Arabia under its existing Long-Term Agreement with Aramco.
Saipem informs that the scope of work includes the engineering, procurement, construction and installation (EPCI) of a 48inch trunkline, comprising approximately 65 km offshore and 12 km onshore, as well as associated subsea facilities in the Safaniya oil field, one of the world’s largest offshore oil fields located in Saudi Arabia.
The offshore operations will be carried out by Saipem’s construction vessels currently deployed in the region, while fabrication activities will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam.
Saipem states that this new offshore contract in Saudi Arabia has a value of approximately $500m.
