Offshore - Oil & Gas

Saipem Secures $1.8 Billion Middle East Offshore EPCI Contract

Saipem has secured a $1.8 billion EPCI contract in the Middle East covering offshore and subsea facilities, with the client and project details undisclosed.

Saipem

13, August 2026
46 Views

Saipem has secured a $1.8 billion contract in the Middle East for engineering, procurement, construction and installation (EPCI) work covering offshore and subsea facilities.

The Italian engineering, drilling and construction services company did not disclose the client, project name or additional details of the scope.

The award follows another contract announced by Saipem in early July involving a floating production, storage and offloading (FPSO) unit for an energy project in Indonesia.

That EPCI contract, valued at approximately $2 billion, relates to an FPSO intended for deployment at the Indonesian project.

Tags: FPSO, Indonesia, Middle East, Offshore EPCI, Offshore Facilities, Saipem, Subsea Facilities

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.

13, Aug
|

Heavy Transport

Sarens Loads Out FPSO P-82 Modules at Seatrium Aracruz Yard

Sarens completed the weighing and load-out of eight FPSO P-82 modules at Seatrium’s Aracruz shipyard in Brazil, using 112 axle lines of SPMTs and 16 load cells.

13, Aug
|

Offshore - Oil & Gas

Saipem, Sonatrach sign €500 million LNTP for Algeria phosphate project

Saipem has signed an approximately €500 million LNTP with Sonatrach for Phase 1 of Algeria’s Projet Phosphates Intégré, covering early engineering, procurement and mobilisation work.

7, Aug
|

Offshore - Oil & Gas

ConocoPhillips, CNOOC Put Bohai Phase 5 into Full Operation at Penglai

ConocoPhillips and CNOOC have brought Bohai Phase 5 into full operation at the Penglai oil field, adding two wellhead platforms, four platform expansions, 91 wells and new electrical infrastructure.