Italy’s Saipem said on Sunday that QatarEnergy LNG has selected the company, together with China’s Offshore Oil Engineering Co (COOEC), for a new offshore EPCI contract in Qatar.
In its statement, Saipem put the total contract value at about $4 billion, with roughly $3.1 billion tied to the company’s own scope.
The contract is expected to run for around five years. Saipem said offshore installation work will be carried out between 2029 and 2030 using its construction vessel De He.
Last month, QatarEnergy chief executive Saad al-Kaabi said the North Field expansion project will start LNG production in the second half of 2026.
The North Field offshore natural gas project includes six industrial units, or gas trains, that cool natural gas into liquid form so it can be exported by ship.
