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Saipem SpA awarded 2 billion euros contract for the South Stream Offshore Pipeline

Friday, 14 Mar 2014 02:18pm EDT 

Saipem SpA:Says it has been contracted by South Stream Transport B.V. for the construction of the first line of the South Stream Offshore Pipeline, from Russia to Bulgaria across the Black Sea, for a total value of about 2 billion euros.Says the South Stream Offshore Pipeline will consist of four parallel gas pipelines each 931 kilometers long and will be laid at depths of up to 2,200 meters.Says Saipem will perform the installation design and will construct the entire first line plus the shallow water parts, the shore crossings, the landfall and the associated facilities for the four pipelines.Says the pipeline construction will be carried out by Saipem 7000, a J-Lay vessel suitable for ultra-deep water.Says Saipem 7000 offshore activities will commence at the end of 2014.Says in November, the Castoro Sei vessel will move to Russian waters to start activities in the shallow water.Says the construction of the first line will last until the third quarter of 2015 and the pipeline will be taken into operations by the end of that year. 

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