Saipem has been awarded two new offshore contracts, one for an Engineering, Procurement, Construction and Installation (EPCI) project in the Black Sea and one for decommissioning activities in the North Sea, with the total value amounting to approximately US$850mn.
The first contract was assigned by Turkish Petroleum OTC for the second phase of the Sakarya FEED and EPCI Project, and entails the engineering, procurement, construction and installation of a 16” pipeline, 175 km long at 2,200 m water depth in the Turkish Black Sea Waters. The offshore operation will begin in summer 2024 and will be conducted by Saipem’s flagship vessel, Castorone.
The other contract has been assigned by EnQuest Heather Ltd. for the decommissioning of the existing Thistle A Platform located in the UK sector of the North Sea. Saipem’s activities will include the engineering, preparation, removal and disposal of the jacket and topsides, with possible extension to further subsea facilities. The services will be carried out by the Saipem 7000, one of the largest semi-submersible heavy-lifting vessels currently in the world.
Fabrizio Botta, Saipem Chief Commercial Officer, said, “These important awards demonstrate Saipem’s excellent competitive positioning in the Offshore Engineering & Construction market a sector that is experiencing a full expansion momentum of which Saipem is ready to seize the opportunities.
“The contract awarded in the Black Sea is a confirmation of Siapem’s prominent positioning and of its long-standing relationship with the clients. The North Sea contract, finally, is a further example of Saipem’s capabilities in a segment where the combination of innovative engineering, unique assets and safe operations is crucial.”