Search
Close this search box

Saipem Secures $1.5 Billion Offshore Contract for Phase 3 of Sakarya Gas Field Development

Saipem has landed a USD 1.5 billion contract to deliver the third phase of Turkey’s Sakarya gas field, reinforcing its role in major Black Sea energy projects.

SHARE ARTICLE

Italian engineering and construction company Saipem has won a major contract (~USD 1.5 billion) from Turkish Petroleum OTC for the third phase of developing the Sakarya gas field in the Black Sea.

Located about 170 km off Filyos, Zonguldak on Turkey’s Black Sea coast, Sakarya is the country’s largest offshore natural gas discovery.

Under the new contract, Saipem’s responsibilities include engineering, procurement, construction, and installation (EPCI) of:

  • Eight rigid flowlines from subsea wells,
  • A gas export pipeline (GEP) of ~183 km with 24-inch diameter,
  • A connection from the offshore floating production unit (FPU) to the onshore facility in Filyos.

The FPU will draw production from 27 wells located in both the Sakarya field and the Amasra field. Offshore operations are scheduled to begin in 2027, and the contract is expected to span approximately three years.

This contract builds on Saipem’s prior involvement: the company handled Phase 1 of the Sakarya development (award in 2021) and is nearing completion of work under Phase 2, awarded in 2023.

From Turkey’s perspective, this project is strategically important—it supports energy independence and enhances the nation’s capacity to produce its own gas. For Saipem, the contract further strengthens its footprint in Turkey and reinforces its position in deep-water offshore engineering markets.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
Subsea7 CEO John Evans exits on 30 June after 40 years with the group; Seaway7 head Stuart Fitzgerald steps in on 1 July and is also proposed for the Saipem7 set-up if the deal completes.
Subsea7 lifted Q4 2025 adjusted EBITDA to $477 million and proposed a Nkr13 dividend while maintaining 2026 guidance. The Saipem merger still targets completion in H2 2026 pending approvals.
Saipem has deployed an AI predictive maintenance system on Saipem 12000 and is advancing a similar project on Saipem 7000 targeting diesel generators to support offshore safety and efficiency.

Subscribe to HMT WEEKLY

Receive HMT WEEKLY in your mailbox.

Heavy Marine Transport News, Delivered Daily — Stay informed on shipping, offshore, and global logistics.

SECTION

INFORMATION

CONTACT

For general inquiries and to contact us,
please email: info@hmt-news.com