The Bouri Gas Utilisation Project development in Libya that aims valourising the associated gas from the Bouri field will involve work class ROVs performing offshore touch down monitoring.
Specialised vessels by Next Geosolutions called NG Worker and NG Surveyor will be deployed for the operations in line with around €8.5mn-worth survey and support-to-installation contract awarded by Saipem.
A significant project including complex construction and pipelines delivery, Saipem will be handling the installation of a new Gas Recovery Module, along with a series of upgrades and enhancements to the existing infrastructure. Its contract with Next Geosolutions include optional extensions following operations in Q4 2025.
NextGeo, which mainly deals in renewables and subsea power cables, is excited to have stepped into the oil & gas segment with this significant project from North Africa. It is an addition to another major contract from the same project that was landed last July by the company's affiliate Rana Subsea. Valued at approximately €62.6mn, the contract mandates Rana Subsea to provide specialised subsea services and installation support operations, extending through Q2 2026.
Giovanni Ranieri, CEO of Next Geosolutions, said, “The award of these new contracts with Saipem marks a significant step forward in the growth path of our Group. The joint presence of NextGeo and Rana Subsea in the same project clearly demonstrates the full complementarity of our expertise and our ability to operate in synergy across different yet closely integrated activities, positioning ourselves as a single, trusted partner for the development of complex projects. This is a collective achievement that strengthens our Group identity and represents a natural evolution towards an increasingly integrated, competitive, and operationally excellent model.”
