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.

Photo: Saipem

13, August 2026
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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.

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