Saipem has strengthened its position in the Middle East after securing a new offshore contract in Saudi Arabia valued at approximately US$500mn.
The award comes in the form of a Contract Release Purchase Order under the company’s existing Long Term Agreement with Saudi Aramco.
The project centres on the Safaniya oil field, recognised as one of the largest offshore oil fields in the world. Under the agreement, Saipem will carry out the Engineering, Procurement, Construction and Installation of a 48 inch trunkline stretching around 65 kilometres offshore and a further 12 kilometres onshore. The development will also include associated subsea facilities designed to support ongoing production and long term field performance.
Offshore activities will be handled by Saipem’s construction vessels that are already operating in the region, ensuring continuity and operational efficiency. Meanwhile, fabrication work will take place at Saipem Taqa Al Rushaid Fabricators Co. Ltd. in Dammam. This local yard continues to play a key role in strengthening the company’s industrial presence within the Kingdom and supporting domestic capability.
The Safaniya field remains central to Saudi Arabia’s energy infrastructure, and this latest contract reflects the Kingdom’s ongoing investment in maintaining and enhancing offshore production capacity. By combining local expertise with established engineering knowledge, Saipem aims to deliver a project that meets strict safety, quality and environmental standards.
This award not only expands Saipem’s project portfolio in Saudi Arabia but also deepens its longstanding relationship with Aramco. Over the years, the company has built a strong track record in delivering complex offshore developments across the region.
With construction set to move forward using both regional assets and technical experience, Saipem continues to demonstrate its ability to execute large scale offshore projects efficiently while supporting the broader development of strategic energy infrastructure in Saudi Arabia.
