Saipem wins two new offshore contracts in Southeast Asia

Contracts, Tenders and Rates - December 11, 2009

Saipem has secured two contracts offshore Southeast Asia.

In Papua New Guinea, Esso Highlands Limited, an ExxonMobil company, has awarded Saipem a contract for the PNG LNG Offshore Pipeline Project EPC2. The scope of work will consist of the engineering, transportation and installation of a 407km 34in gas sealine, connecting the Omati River landfall point, on the southern coast of Papua New Guinea, to the onshore point located near the capital town of Port Moresby, on the southeastern coast of the country, where a new LNG plant will be located.

The work also encompasses the shore approach excavation and backfilling at Port Moresby and the trenching and backfilling of a 75km section of the sealine at the Omati River landfall, 25km of which inside the Omati River, where Saipem will use its unique experience and expertise in post trenching methodology from Kashagan project in Caspian Sea.

Maximum water depth along the route is approximately 100m. Marine operations will be carried out by Semac 1, and the activity will be completed in the third quarter of 2012.

In Vietnam, Saipem has been awarded a contract for the Chim Sao Platform and Pipelines Project by PTSC Mechanical and Construction. The contract, assigned in the framework of the development of Block 12W by Premier Oil Vietnam Offshore, encompasses the transportation and installation of one wellhead platform and of subsea pipelines, umbilical and PLEMs, in addition to the detailed engineering for infield pipelines.

The Chim Sao field is located about 300km off the southern coasts of the Socialist Republic of Vietnam, in approximately 95m of water. Marine activities will be carried out mainly by Castoro 8 and will be completed in the second quarter of 2011.