Saipem new projects in saudi arabia latest news Saipem, a company focused on engineering, drilling, and assembly of major projects in the energy and infrastructure sectors, has secured two offshore May 17, 2021 · Italy’s Saipem announced in a statement that it has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia. This new project strengthens Saipem’s ongoing partnership with Aramco. Exploration & Production, Industry Trends, International News, NEWS, offshore, oil Aug 20, 2024 · Register for MEED's 14-day trial access . Contract awards. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. 66m) in Saudi Arabia through its ongoing long-term agreement (LTA) with Saudi Aramco. Feb 24, 2025 · The latest international Saipem SpA news and views from Reuters - one of the world's largest news agencies contract worth around $2 billion for the development of the Marjan oil field in Saudi Mar 9, 2011 · In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. 66 million) in Saudi Arabia. Nov 30, 2017 · Offshore staff. 63 billion) from the Saudi group between 2021 and 2023. Saipem lands $4billion contract from QatarEnergy. no has Nov 18, 2020 · Maurizio Coratella, COO of the E&C Onshore Division commented: “This new agreement with Saudi Aramco, among our major clients and one of the most active players in the energy sector, strengthens a longstanding relationship and confirms Saipem’s strategic positioning in the Middle East under a medium-long term perspective. These two projects are part of the ongoing long-term agreement (LTA) with Saudi Arabian oil group giant, Saudi Aramco. Feb 29, 2024 · Saipem, which in 2020 signed a 12-year deal with Aramco for onshore engineering and construction activities, had annual average orders of around 1. Sep 4, 2024 · Saipem will deploy its construction vessels operating in the region for the offshore component of the two projects. Sep 6, 2024 · The fabrication related to the projects will be executed at Saipem’s local fabrication yard in Saudi Arabia, Saipem Taqa Al-Rushaid Fabricators. Nov 29, 2023 · Articles & News. The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field Initiating the new market in Saudi Arabia is an important opportunity to be seized and we are ready with Plambeck for this new challenge". The overall amount of the two projects is approximately 500 million USD. Mar 21, 2025 · Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Jun 29, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. Oct 19, 2022 · San Donato Milanese (Italy), 19 October 2022 – Saipem has been awarded a contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar. In Saudi Arabia, it has been awarded a Contract under the Aramco LTA program . Nov 18, 2020 · Saipem and Saudi Aramco already under an equivalent Long Term Agreement for offshore activities in Saudi Arabia, extended in 2015. The overall amount of the two projects is approximately 500 million USD, according to the company's release. Jul 15, 2024 · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi oil giant Aramco. The complete development of the two fields encompasses the engineering, procurement, fabrication and […] Oct 6, 2022 · Under the agreement, Hyundai E&C plans to carry out major projects through this new joint venture, and to promote cooperation and localisation strategies such as fostering local EPC companies in Saudi Arabia and expanding the recruitment of local manpower for successful project execution. At the offshore Abu Safah Field , Saipem has EPCI responsibilities for a new 50-km, 42-inch oil trunkline. Jul 17, 2019 · Italian oil and gas group Saipem SpA (BIT:SPM) and renewables investor Plambeck Emirates LLC have tied up to develop what will be Saudi Arabiaâ s first floating offshore wind farm -- a 500-MW complex in the Persian Gulf. Fabrication for these projects will be carried out at Saipem’s Saudi fabrication yard, which will support the development of local industry. Aug 21, 2024 · The Saudi state-owned giant recently awarded a key project, dubbed Contract Release Purchase Order 127 (CRPO 127) to Italy’s Saipem for the additional offshore infrastructure required for the Dec 27, 2024 · Saipem, an Italian and the largest multinational oilfield services company in the world has awarded with the two offshore projects worth of approximately $500 million (€ 458. One covers the engineering, procurement, construction and installation of three production-deck modules (PDMs), as well as 33km of subsea pipelines and Jul 16, 2024 · Saipem has secured two offshore contracts worth approximately $500m (€458. Sep 3, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. The first field spans both onshore and offshore areas along the eastern coast of Saudi Arabia and was discovered in 1964, with crude oil production commencing in 1970. Read Also: Projects awarded during April 2021 in Gulf Countries Sep 21, 2021 · Saipem signs Memorandum of Understanding (MoU) with Saudi Aramco for a potential new company in KSA 21/09/2021 Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. The awards strengthen Saipem’s presence in Saudi Arabia and its longstanding relationship with Aramco. MILAN – Saipem says it has been awarded a new E&C offshore contract by Saudi Aramco for engineering, procurement, and construction activities in Saudi Arabia, under the long-term agreement renewed in 2015 until 2021. Saipem also stated that it secured a new contract in Colombia for a duration of 4 years. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the south-east of the Arabian Peninsula, which is part of the development plans to meet the country’s energy needs. The contract value amounts to approximately 4. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. . Norbert Plambeck, shareholder of Plambeck Emirates LLC, stated: "The development of the 500 MW floating offshore wind farm project is part of the new 5 GW "Wind Market” concept, which has been proposed to Jul 15, 2022 · Italian firm Saipem has signed an agreement with construction company Nasser S. Apr 3, 2023 · The first contract has been assigned by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 km offshore Angola, about 20 km west of the The Barzan Pipeline Project included the decommissioning and installation of new pipelines to deliver sour gas from three well sites with unmanned wellhead platforms, all located in the North Field Offshore of the State of Qatar, to an existing onshore Gas Plant located at Ras Laffan Industrial City, Qatar. Just last year, Saipem has signed a $750mn contract for the Saudi Arabian Jafurah gas field, making this new offshore contract their second megaproject in the last six months. Back to the top 22. ” The fabrication activities will take place at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators (STAR) in Dammam. 4 billion, for phase two development at Jafurah. Jul 15, 2024 · On the other hand, Saipem’s scope of work for the second project entails the production maintenance programs of the Berri and Manifa fields. Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement Nov 30, 2021 · Global Oil & Gas firm, Saipem announced in a statement that it has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. The Company has awarded 16 contracts, worth a combined total of around $12. “Saudi Arabia has been a core market to Saipem from the outset and our ambition is to maintain our EPC leading role in the country. , aiming to increase and develop the capabilities of local industry. Saipem, a leading engineering and construction company, has been awarded a $750 million contract by global energy giant Aramco for the Jafurah gas project in Saudi Arabia. The Jazan refinery and terminal project is promoted by Saudi Aramco, our main client, followed by Total, BP and Eni. Jul 15, 2024 · Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Both involve the installation of platforms in the waters of the Gulf. The Milan-listed offshore engineering and construction giant said Monday that the deal covers two offshore projects Jan 20, 2023 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. Al Hajri Corporation (" NSH "), have signed with Aramco an industrial national engineering, procurement, and construction (EPC) champion implementation agreement (the " Agreement "), as part of Namaat Industrial Investment Programs event, for the execution of onshore EPC projects in the Kingdom by Jan 9, 2024 · Italian oil and gas giant Saipem announced the successful completion of the South Gas Compression Plant Pipelines project in Saudi Arabia. Sep 18, 2024 · Italian oilfield services player Saipem has confirmed the awarded of a new offshore contract with Saudi Aramco for the development of the giant Marjan field in Saudi Arabia. Sep 4, 2024 · Established in 1957, Saipem is a leading oil and gas contractor with nearly 50 years of experience in Saudi Arabia, delivering onshore, offshore, and drilling projects. ANALYSIS, Exploration & Production, Industry Trends, NEWS, offshore, Onshore. 669. Jul 14, 2022 · San Donato Milanese (MI), July 14, 2022 — Saipem and the Saudi construction company, Nasser S. 788744 Energy Saipem secures $550mn drilling contracts. 5 billion USD. In addition, Saipem is currently working with Saudi Aramco on drilling activities, with its onshore and offshore rigs. According to Oil & Gas Middle East , Saipem has averaged annual orders of around $1. These long-term awards in the Middle East confirm Saipem strategy towards this key area for its business and the awards in West Africa secure the continuity of operations in line with Saipem strategy for the ultra-deepwater market in this Sep 5, 2024 · The award follows the award of two offshore projects in Saudi Arabia in July, under its Long-Term Agreement (LTA) with Saudi Aramco, together amounting to US$500mn and relating to the Abu Safa, Berri and Manifa fields Saipem has a longstanding relationship with Saudi Aramco, and a strong presence in the Saudi Arabia and throughout the region. ezbtb spag ddhmqjw kxu drp aeg wlsk skiddoc gkxb xaondc fougm bgbhlj auvh mgdvuf kvn
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