Saipem wins several offshore contracts

Contracts, Tenders and Rates - January 6, 2006

Saipem has been awarded several new contracts, representing US$550 million worth of business in the offshore construction segments in Angola, Mexico, and Thailand.

The offshore construction work includes a lump sum turnkey contract for the Marimba field development in Block 15, approximately 150km west of Soyo, offshore Angola, which will tie back to the existing facilities at Kizomba A.

The contract, awarded by Esso Exploration Angola (Block15) Limited, involves engineering, procurement, construction and installation of subsea lines in a water depth of approximately 1,200m. The work will be carried out by Saibos FDS and Saipem 3000.
 
The second offshore contract was awarded by Mexico’s national oil company, Pemex Exploracion y Produccion, and calls for the offshore transport and installation of six platforms relating to the Ku-Maloob-Zaap field complex development in the Bay of Campeche, 105km north-west of Ciudad del Carmen.

Saipem 7000 vessel will carry out the transportation and installation activities in the second half of 2006.
 
Thai Oil has also awarded Saipem the contract to provide unloading facilities to supply oil to a refinery in Sri Racha in the Gulf of Siam, approximately 200km southeast of Bangkok.

The work encompasses the design, procurement, fabrication, installation and pre-commissioning of an unloading Single Point Mooring buoy that will accommodate tankers along with a 52in pipeline and relevant land receiving facilities.

Castoro Otto will carry out offshore laying activities. Project completion is expected in summer 2007.
 

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