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Saipem SpA Announces New Contracts Worth EUR 3.2 Billion


Thursday, 7 Feb 2013 02:00am EST 

Saipem SpA announced that it has been awarded new contracts worth approximately EUR 3.2 billion. From the end of November 2012 to date, Saipem has been awarded new contracts for a total value of approximately EUR 3.2 billion. The portion of contracts awarded in December 2012 amounts to a value of EUR 1.4 billion. In Canada, Saipem has agreed with Husky Oil the lump sum price for the Sunrise Central Facility project, which Saipem is already developing. In Nigeria, Saipem has signed an EPC contract with Dangote Fertilizer Ltd for a new ammonia and urea production complex to be realized in the Edo State, Nigeria. In addition, Saipem has signed further contracts and agreed to changes in the scope of work on existing projects, in Australia and Iraq. In Saudi Arabia, Saipem has been awarded a lump sum contract by Saudi Aramco increasing the original scope of work agreed in early 2011 for the development of the Arabiyah and Hasbah fields, located in the Arabic Gulf. The In the North Sea, Saipem has been awarded various T&I contracts by Statoil requiring the deployment of Saipem 7000 in both the Norwegian and British sectors. Furthermore, Saipem has been awarded several minor contracts in the Middle East, North Sea and West Africa. Saipem has signed contracts with Eni, for an approximate value EUR 900 million, for the extension of the charter of the Saipem 10000 for a period of 5 years, starting from October 2014, and of the Scarabeo 4 for a period of one year, until August 2014. 

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