Saipem awarded offshore contracts worth €700m

Saipem, Italian turn-key contractor for the oil and gas industries, has been awarded project contracts in both Europe and Africa.

In Nigeria, Saipem has been awarded a subcontract for the Critical Crude Pipeline Replacement Project in Nigeria, in which the scope of work encompasses fabrication, transportation, installation and testing of the replacement of six pipelines connecting six platforms in an offshore field, for a total length of 85km, including shore approach and bridges.

The marine activities will be carried out between the fourth quarter of 2010 and the second quarter of 2011, mainly by the Crawler vessel.

In Spain, UTE ACS Cobra Castor awarded Saipem the Offshore Construction Gas Pipeline contract as part of the Castor Underground Gas Storage Development Project for the delivery of onshore and offshore facilities for the compression, transportation, storage, production, treatment and reinjection of natural gas into the public grid.

Saipem’s scope of work will encompass the installation of a 30in diameter offshore pipeline approximately 22km from land in mainland Spain at Vinaroz to the offshore field where the WHP platform, installed by Saipem 7000 in August 2010, is located.

Offshore activities will be performed between the end of 2011 and the first quarter of 2012.