Home Petrochemical Saipem: new Onshore E&C contracts worth over USD 3.5 billion

Saipem: new Onshore E&C contracts worth over USD 3.5 billion

Saipem has been assigned two new contracts in Saudi Arabia, value over USD $3.5 billion.

The two projects, hold engineering, procurement, construction, and installation(EPCI), have been assigned by the Saudi Aramco to the Onshore E&C division and associate the development of the land facilities of the Berri and Marjan gas fields, both situated in the Arabian Gulf.

The first agreement, “PKG-01 develop Abu Ali Crude & KGP Gas Facilities” for the Berri field, concerns the detail, through the installation of new procedure units, of the Abu Ali oil-gas separation plant situated on the island of the same name, around 50km north of the Ras Tanura refinery, and of the gas treatment plant of Khursaniyah.

The second agreement, “Gas Treatment and Sulfur Recovery” connected to the Marjan field, anxiety the construction of a gas treatment unit, and of other units for the recovery of acid gases for sulfur production. The treatment of acid gases will approx completely remove the release of sulfur oxides into the atmosphere: more than 99.9% of the gases will be recovered and CO2 release into the atmosphere will obey with the most stringent international standards.

Saipem’s CEO, Stefano Cao, said: “The awarding of these new complex agreements testifies to the development of our historic relationship with Saudi Aramco and confirms the strategic positioning of Saipem in the Middle East. In the tough concern of recent years, Saipem has proved a stable commitment to sustainable financial growth via technological innovation. This commitment allows for the realization of the industrial procedure to benefit from natural resources with maximum respect for the atmosphere and the reduced carbon footprint”.

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