Saipem awarded US$420 million contract in NigeriaContracts, Tenders and Rates
// February 7, 2006
Saipem has been awarded a US$420 million contract for the engineering, procurement and construction of pipelines, flowlines and composite fibre optic and high voltage electrical cables connecting the Gbaran oil and gas production fields in Bayelsa State in Niger delta with the central processing facility in the area.
The contract was awarded by Shell Petroleum Development Company of Nigeria (SPDC) within the Gbaran/Ubie integrated oil and gas project. The contract calls also for the laying of 340km of pipelines and flowlines. Work is expected to be completed at the end of 2008.
Project Management, Engineering and Procurement Services will be carried out in Saipem’s operations base located in Port Harcourt, Nigeria, in accordance with the company’s policy of maximising its local content profile.
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