Saipem awarded E&C contracts worth around US$1 billionNews // November 11, 2016
Saipem has been awarded new contracts and change orders in the E&C offshore segment worth an overall US$1 billion.
The most significant is notification of award by Saudi Aramco for two engineering, procurement, installation and construction (EPIC) contracts under a long term agreement for activity in Saudi Arabia.
The contracts refer to the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf, projects which are said to be among the most important offshore fields in the region.
The contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets. The contracts also include maintenance and dismantling work on the existing platforms already operating in the fields.