Saipem wins offshore contracts in Russia, Egypt and North Sea

Italian oil and gas industry contractor Saipem has been awarded new E&C Offshore contracts in Russia, Egypt and the North Sea, worth in excess of $1bn (£614m).

In Russia, Caspian Pipeline Consortium (CPC) awarded Saipem the contract for the expansion of the structures relevant to the CPC marine export terminal, near Yuhznaya Ozereyevka on the Black Sea shores in the Krasnodar region of the Russian Federation.

In Egypt, Burullus Gas Company awarded Saipem the engineering, procurement, installation and commissioning (EPIC) contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90km offshore the Northwest Nile delta, at water depths between 400 and 1,000 metres.

Saipem has also been awarded contracts to operate in the Norwegian and British sectors of the North Sea, mainly relevant to the deployment of the Saipem 7000 vessel for platform transportation and installation, and to the deployment of the Castoro 7 vessel for the installation of subsea pipeline and structures.