Home Oil and Gas Saipem awarded two new offshore contracts from Saudi Aramco for a total...

Saipem awarded two new offshore contracts from Saudi Aramco for a total of approximately 1.3 BN USD

Saipem has been awarded two EPIC contracts assigned by the client Saudi Aramco for a total amount of approx $1.3 billion USD as part of the Long Term Agreement (LTA) for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.

These two contracts send to, respectively, the development of offshore fields in Berri and Marjan, situated in the Arabian Gulf, which is among the most important offshore fields in the Region.

Saipem activities comprise the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.

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