Saipem has won two offshore contracts from Aramco in Saudi Arabia with a combined value of about $400 million under an existing long-term arrangement between the companies.
The work is tied to the Safaniya field, among the world’s largest offshore oil fields. In the first award, Saipem is responsible for engineering, procurement, construction and installation of a water injection tie-in platform, two water injection wellheads, about 5 km of 24-inch pipeline and roughly 15 km of 15 kV cables.
The second award covers EPCI work for four more water injection wellheads and related subsea facilities at the same field. The contractor said offshore activities will be carried out with construction vessels already operating in the region.
Fabrication for the projects will be handled at Saipem’s yard in Saudi Arabia through Saipem Taqa Al-Rushaid Fabricators. The company said the yard continues to support the growth of local industrial capabilities.