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    Saipem wins Libyan project

    News // June 24, 2002
    Italian marine construction giant Saipem and Hyundai Heavy Industries in Korea have been awarded a Euro 620 million contract for a new gas pipeline offshore Libya.

    The scope of work awarded to the companies includes project management, engineering, procurement, fabrication, transportation and installation, hook-up, plus commissioning, start-up and six months of operational assistance.

    The work is due to be completed by July 2005.

    Saipem says it will be responsible for all project activities except procurement fabrication of the integrated deck, which will be undertaken by Hyundai. The platform will be installed in 2004 in 190m of water using the Saipem 7000.

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