Saipem has been awarded $500mln-worth contracts for the second quarter 2017

(courtesy of Saipem)

(courtesy of Saipem)

Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for engineering, procurement, construction and installation activities and trunklines & installation works in Saudi Arabia, under the Long-Term Agreement in force, renewed in 2015 until 2021.
The scope of work includes the design, engineering, procurement, construction and installation of a total of 19 jackets for the development of fields in Marjan, Zuluf, Berri, Hasbah, and Safaniya, among the most important offshore fields in the region of the Arabian Gulf.
Additionally, Saipem has negotiated the extension in Angola of the deployment of vessel FPSO Gimboa, inclusive of management and maintenance services, personnel, material and consumable supplies for 3 years, plus one optional year.
Finally, Saipem has defined change orders for projects in West Africa and in the Caspian Sea.
Together.
These new acquisitions, relevant to the second quarter, amount to a total of $500 million.