Saipem new projects in saudi arabia latest news. Jul 24, 2024 · Backlog as of June 30, 2024: €12.

Saipem new projects in saudi arabia latest news Revenue for the first half of 2024 amounted to € 2,523 million and shows an increase of 6. In Saudi Arabia, Saipem was awarded a contract from Saudi Aramco, under the current Long Term Agreement (LTA), a project involving the engineering, procurement, construction and installation of five platforms and related subsea pipelines, flowlines and cables in the Marjan field, offshore of Saudi Arabia, with an entirely on-site fabrication scheme. 5 billion. May 8, 2014 · OREANDA-NEWS. Exploration & Production, Industry Trends, International News, NEWS, offshore, oil Sep 16, 2024 · The new contract, which Saipem has described as important since it consolidates the Italian firm’s position and track record in Qatar, follows the engineering procurement and construction (EPC) package, worth around $4. Jul 18, 2019 · SNC-Lavalin was contracted to provide engineering and project management services for the new facilities at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah for the Berri increment program in April 2017. This comes close on the heels of Saipem's recent contract win for offshore EPC services from QatarEnergy LNG as part of the Combined COMP3A &COMP3B of the North Field Production Sep 3, 2024 · Italian contractor Saipem confirmed Tuesday that it was awarded $1 billion worth of contracts from Saudi Aramco for additional offshore infrastructure required at its Marjan, Zuluf and Safaniyah Mar 4, 2025 · “With the support of the Ministry of Energy, phase one of the new CCS hub in Jubail, in the Kingdom of Saudi Arabia’s Eastern Province, is expected to capture and store up to nine million Aug 12, 2024 · Expansion of the Marjan, Berri and Zuluf oilfields is key to maintaining Saudi Arabia’s oil production capacity at 12 million barrels per day in the coming years and also provides Aramco with a Jan 18, 2019 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. Jul 14, 2022 · Saipem said on Thursday that the agreement is meant for “the execution of onshore EPC projects in the kingdom by a newly established entity, to be incorporated by Saipem and NSH in Saudi Arabia”. The Company has awarded 16 contracts, worth a combined total of around $12. (Saudi Aramco) signed contracts for the second phase of Jafurah field project and the third stage of expanding its Master Gas System project (MGS), at a total value $ 25 billion. Nov 30, 2021 · The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia. Apr 3, 2023 · Saipem announced in a statement that it has been awarded three new offshore contracts and two competitive FEED contracts totalling approximately 650 million USD. Business. Nov 15, 2022 · The project is scheduled to start in 2023 in continuity with the previous works of the rig in West Africa. Sep 7, 2021 · Namaat means (collective) growth in Arabic and the program aims to tap into the vast opportunities available in Saudi Arabia to create new value, and drive economic expansion and diversification. The company stated that the duration of contracts is 5 years and 10 years respectively. Jul 15, 2024 · Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. *** In order to receive email notifications regarding our updates, please subscribe us. Norbert Plambeck, shareholder of Plambeck Emirates LLC, stated: "The development of the 500 MW floating offshore wind farm project is part of the new 5 GW "Wind Market” concept, which has been proposed to Sep 6, 2024 · Italian oil and gas contractor Saipem has won two deals worth $1bn from Aramco, Saudi Arabia’s state-owned oil company. Saipem secured two offshore projects in Saudi Arabia worth $500 million as part of an existing long-term agreement with the state-owned oil giant Aramco earlier in 2024. These activities are crucial for ensuring the ongoing efficiency and productivity of these vital oil fields, further emphasising Saipem’s role in maintaining and enhancing Saudi Arabia’s oil infrastructure. The value of the Nov 29, 2023 · Articles & News. Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg. May 17, 2021 · Italy’s Saipem announced in a statement that it has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia. MILAN – Saipem says it has been awarded a new E&C offshore contract by Saudi Aramco for engineering, procurement, and construction activities in Saudi Arabia, under the long-term agreement renewed in 2015 until 2021. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. They were awarded by Saudi Aramco under an existing long-term agreement. The contract, worth approximately $2 billion, falls under the Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Jul 15, 2022 · Italian firm Saipem has signed an agreement with construction company Nasser S. 788744 Sep 5, 2024 · For both projects, Saipem will utilize its construction vessels that are already active in the region, ensuring that the offshore operations are managed efficiently and effectively. The complete development of the two fields encompasses the engineering, procurement, fabrication and […] Sep 21, 2021 · Italian oilfield services provider Saipem and Saudi oil and gas giant Saudi Aramco will explore the possibility of setting up a potential new company in Saudi Arabia for offshore engineering and construction operations. The Projects are awarded under the existing Long-Term Agreement (LTA) with Saudi Aramco. . Jul 24, 2024 · Backlog as of June 30, 2024: €12. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. Al Hajri Corporation (" NSH "), have signed with Aramco an industrial national engineering, procurement, and construction (EPC) champion implementation agreement (the " Agreement "), as part of Namaat Industrial Investment Programs event, for the execution of onshore EPC projects in the Kingdom by Nov 30, 2021 · San Donato Milanese (Italy), November 30, 2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. The project comes under the Sep 20, 2024 · Saipem has been awarded a $2 billion offshore contract with Saudi Aramco for the development of the Marjan oil field in Saudi Arabia. Saudi Arabia Average contribution to national GDP * 0. This contract, which is part of the long-term agreement with Saudi Aramco and follows the completion of the bidding procedure, is for the Marjan field. For full functionality of this site it is necessary to enable JavaScript. The RCJY and Brazil miner Vale also signed an agreement to produce crude iron billets in Ras Al-Khair, which will strengthen raw material supplies for both national and global industries. Just last year, Saipem has signed a $750mn contract for the Saudi Arabian Jafurah gas field, making this new offshore contract their second megaproject in the last six months. One covers the engineering, procurement, construction and installation of three production-deck modules (PDMs), as well as 33km of subsea pipelines and Jul 15, 2024 · Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement arrangement. Jul 14, 2022 · San Donato Milanese (MI), July 14, 2022 — Saipem and the Saudi construction company, Nasser S. 4 billion, for phase two development at Jafurah. Sep 11, 2024 · Alessandro Puliti, CEO, Saipem, said: “The production of zero-emission energy through floating offshore plants equipped with new generation compact reactors could represent a new frontier in the energy transition. San Donato Milanese (MI), July 9, 2019 - Saipem has been awarded two ne w contracts in Saudi Arabia, worth over USD 3. The scope of work involves the engineering, procurement, construction, and installation of five platforms and associated subsea pipelines, flowlines, and cables in the Marjan field, offshore Saudi Arabia, featuring an Sep 4, 2024 · The first of the latest offshore contracts duo, secured in Saudi Arabia under the existing long-term agreement with Aramco, will see Saipem handle the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 33 kilometers of subsea rigid pipelines with diameters of 12 inches and 16 inches, and 34 kilometers of subsea power cables. Jun 29, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. Initiating the new market in Saudi Arabia is an important opportunity to be seized and we are ready with Plambeck for this new challenge". The first contract for the Berri field called, ‘PK-01 Expand Abu Ali Crude & KGP Gas Facilities’, will involve expansion through the installation of new process May 24, 2021 · The successful bid for the Berry oil and gas processing project is another large-scale overseas project won by the Sinopec Corporation in the epidemic crisis as a market development opportunity in Saudi Arabia, statement said. These endeavors not only Jul 27, 2023 · Saudi Arabia. Two EPC contracts relevant to the Jazan Integrated Gasification Combined Cycle project are to be located near the city of Jizan, in southwestern Saudi Arabia. Oct 19, 2022 · San Donato Milanese (Italy), 19 October 2022 – Saipem has been awarded a contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar. Al Hajri Corporation for a new entity in Saudi Arabia. Sep 22, 2024 · The Italian energy engineering company has bagged four contracts this month, involving jobs in Saudi Arabia and Qatar worth a total of about $7 billion. These long-term awards in the Middle East confirm Saipem strategy towards this key area for its business and the awards in West Africa secure the continuity of operations in line with Saipem strategy for the ultra-deepwater market in this Jan 4, 2024 · Saipem announced in a statement that, it has completed the “South Gas Compression Plant Pipelines” project aiming to increase the life of a substantial number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. 5 billion euros ($1. Saudi Arabia: Italy's Saipem secures $1 billion in contracts from aramco. Saipem has been awarded a new contract in Onshore E&C. Fabrication activities will be carried out at the Saudi Arabian Saipem Taqa Al-Rushaid Fabricators Co. 5 billion San Donato Milanese - Saipem has been awarded two new contracts in Saudi Arabia, worth over USD 3. Jul 15, 2024 · Fossil Energy – Saudi Arabia. For the first project, Saipem’s scope of work includes the engineering, procurement, construction, and installation (EPCI) of a crude trunkline approximately The Bowery Company expands into Saudi Arabia with new Riyadh showroom Dubai: Kamdar Developments acquires land plots and expands with new offices Ceralife O and C: A new era of sleek and sustainable tap design Jul 15, 2024 · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under an existing long-term agreement (LTA) with Saudi oil giant Aramco. 5 billion USD. Nov 18, 2020 · Saipem and Saudi Aramco already under an equivalent Long Term Agreement for offshore activities in Saudi Arabia, extended in 2015. 66m) in Saudi Arabia through its ongoing long-term agreement (LTA) with Saudi Aramco. Saipem lands $4billion contract from QatarEnergy. 66m) in Saudi Arabia through its ongoing long-term agreement with Saudi Aramco. Jul 11, 2019 · The projects have been awarded to the Onshore E&C division of Saipem and will encompass engineering, procurement, construction and installation services for the Saudi oil company. Jun 30, 2024 · Saudi Arabian Oil Co. Jan 20, 2023 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. ADIPEC 2023: Saipem lands massive $4. Sep 19, 2024 · Italian energy services provider Saipem has secured a new offshore contract, valued at approximately $2bn (€1. The two projects, encompassing engineering, procurement, construction and installation, have been awarded by the Saudi Arabian Oil Company (Saudi Aramco) to the Onshore E&C division and involve the Jan 17, 2025 · The project aims to support the value-added steel sector in the Kingdom and enhance export potential. Sep 18, 2024 · Italian offshore energy services firm Saipem has secured a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The contract was awarded by Saudi Arabian Oil Company […] Jul 17, 2024 · Saipem has secured two significant offshore contracts in Saudi Arabia through its established Long-Term Agreement (LTA) with Saudi Aramco, highlighting its robust partnership and operational expertise in the region. Tags Nov 16, 2017 · San Donato Milanese (MI), November 16, 2017 – Saipem has been awarded a new contract in Onshore E&C. Both involve the installation of platforms in the waters of the Gulf. Jul 15, 2024 · Milan (Italy), July 15, 2024 – Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Throughout this project, Saipem has supported Aramco with reducing the use of oil and increasing the use of natural gas as Dec 1, 2021 · Saipem seals $750m EPC contract for Saudi gas project . Frontrunner emerges for offshore expansion project on giant Saudi Aramco field Saipem sets 1 day ago · Saudi oil giant Aramco has signed engineering, procurement and construction (EPC) agreements with six joint venture firms led by global industry heavyweights such as India's Larsen and Toubro (L&T), Korean groups Samsung and Hyundai as well as Italian contractor Saipem as part of its long-term growth strategy. Saipem, a company focused on engineering, drilling, and assembly of major projects in the energy and infrastructure sectors, has secured two offshore Jul 16, 2024 · Saipem has secured two offshore contracts worth approximately $500m (€458. Sep 18, 2024 · Milan (Italy), September 18, 2024 – Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. Jul 15, 2024 · Italian offshore energy services firm Saipem has secured two offshore projects in Saudi Arabia under its existing long-term contract with Saudi Aramco, the state-owned oil and gas giant. These contracts are part of a long-standing agreement between the Italian firm Dec 3, 2017 · The total value of the Saudi Arabia and West Africa newly agreed projects’ work is estimated at around $400 million. Saipem: agreement with Aramco and Nasser S. “Saipem’s scope of work Oct 6, 2022 · Under the agreement, Hyundai E&C plans to carry out major projects through this new joint venture, and to promote cooperation and localisation strategies such as fostering local EPC companies in Saudi Arabia and expanding the recruitment of local manpower for successful project execution. According to Oil & Gas Middle East , Saipem has averaged annual orders of around $1. The overall amount of the two projects is approximately 500 million USD, according to the company's release. 7 billion USD Sep 6, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd. Together with Saudi Aramco, the project is promoted by Jazan Economic City (JEC) and is part of a broader strategy for the diversified and sustainable growth of the Saudi Arabian economy. , aiming to increase and develop the capabilities of local 4 days ago · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under an existing long-term agreement (LTA) with Saudi oil giant Aramco. The latest contracts are part of a 12-year framework agreement with Italy's Saipem Saudi Aramco has awarded two offshore contracts worth $1 billion to Italian energy contractor Saipem to expand infrastructure at its oil fields. Jul 15, 2024 · Saipem announced in a statement that it has been awarded two offshore projects in Saudi Arabia. Ltd (STAR) shipyard, located in Dammam, developing the capabilities of the local industry, the note concludes. Jun 29, 2023 · RIYADH, June 29, 2023 – Saipem has been chosen by Saudi Aramco for significant EPCI works on the offshore Marjan field in Saudi Arabia, the Italian engineering company announced on Wednesday. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Sep 4, 2024 · In July 2024, Saipem secured two offshore contracts worth approximately $500m (€458. The Italian oilfield services company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Sep 4, 2024 · Established in 1957, Saipem is a leading oil and gas contractor with nearly 50 years of experience in Saudi Arabia, delivering onshore, offshore, and drilling projects. 5bn contract that involves the engineering, procurement, construction and installation (EPCI) works for several structures at the Marjan oil and gas field development in Saudi Arabia. The combined value of the work is about $500 million. 1 billion deal with ADNOC. 1 billion contract with ADNOC for the Hail and Ghasha Development Project in the UAE. 08% * From the latest studies carried out through the SELCE (Saipem Externalities Local Content Evaluation) model Norway Nov 18, 2020 · Maurizio Coratella, COO of the E&C Onshore Division commented: “This new agreement with Saudi Aramco, among our major clients and one of the most active players in the energy sector, strengthens a longstanding relationship and confirms Saipem’s strategic positioning in the Middle East under a medium-long term perspective. Jul 9, 2019 · The two projects, encompassing engineering, procurement, construction and installation, have been awarded by the Saudi Arabian Oil Company (Saudi Aramco) to the Onshore E&C division and involve the development of the land facilities of the Berri and Marjan gas fields, both located in the Arabian Gulf. Oct 5, 2023 · Saipem, in partnership with NPCC, secures a $4. 788744 Mar 19, 2025 · Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Apr 28, 2021 · Saipem also announced that it has Extended for 3 years (plus 3 additional optional years) the Long-Term Agreement (LTA) frame agreement with Saudi Aramco for conventional offshore E&C activities related to further development plans of existing fields in the Kingdom of Saudi Arabia. 790,83 € fully paid-up - Taxpayer’s code and VAT number: 00825790157 - Economic and Administrative Business - Register Milan no. "(Saipem's) new business plan already includes a 20% cut in orders from Saudi Arabia compared with the previous period Energy Saipem secures $550mn drilling contracts. Sep 18, 2024 · The contract was signed under the existing long-term agreement with oil giant Saudi Aramco, the company said in a statement. Among the most significant was a set of three contracts awarded by TotalEnergies in Angola, with a combined value of around $3. ANALYSIS, Exploration & Production, Industry Trends, NEWS, offshore, Onshore. Sep 6, 2024 · The fabrication related to the projects will be executed at Saipem’s local fabrication yard in Saudi Arabia, Saipem Taqa Al-Rushaid Fabricators. ” Jul 22, 2024 · Last week, Saipem secured two offshore projects in Saudi Arabia totaling approximately $500 million. Read all the latest news Facebook Instagram LinkedIn Twitter Youtube Jul 15, 2024 · In January this year Saipem announced that it had completed the South Gas Compression Plant Pipelines project, designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. The Jazan refinery and terminal project is promoted by Saudi Aramco, our main client, followed by Total, BP and Eni. In addition, Saipem is currently working with Saudi Aramco on drilling activities, with its onshore and offshore rigs. Saipem said earlier this month it had won two other offshore contracts with Saudi Aramco worth about $1 billion in total, and an offshore contract worth $4 billion with QatarEnergy, one of the world's top LNG suppliers. 09% Indonesia Average contribution to national GDP * 0. 63 billion) from the Saudi group between 2021 and 2023. The value of the contract is approximately 2 billion USD. Saipem’s scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead Jul 15, 2024 · Specifically, Saipem’s scope of work under the first project involves the Engineering, Procurement, Construction and Installation (EPCI) of a crude trunkline of approximately 50 km with a diameter of 42” for the Abu Safa Field, while the activities related to the second project involve the production maintenance programs of the Berri and Manifa Fields. Sep 15, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. 66 billion) from the Saudi company between 2021 and 2023. The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field Sep 19, 2024 · Saipem stated: “This important contract, at the backdrop of the recent awards by Saudi Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia. 016% Average contribution to national GDP * 0. Jul 15, 2024 · On the other hand, Saipem’s scope of work for the second project entails the production maintenance programs of the Berri and Manifa fields. The project, part of Saipem’s Long-Term Agreement (LTA) with Aramco, involves engineering, procurement, construction, and installation of various offshore infrastructure, including wellhead platforms, flowlines, and cables. In Saudi Arabia, it has been awarded a Contract under the Aramco LTA program . To be called EPC National Champion, the venture will focus on executing onshore engineering, procurement, and construction (EPC) projects in Saudi Arabia. The overall amount of the two projects is approximately Apr 3, 2023 · The first contract has been assigned by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 km offshore Angola, about 20 km west of the Jul 16, 2024 · Saipem has secured two offshore projects worth $500 million in Saudi Arabia, under an existing long-term agreement with Saudi state-owned oil giant Aramco. 1 billion cu ft Dec 27, 2024 · Saipem, an Italian and the largest multinational oilfield services company in the world has awarded with the two offshore projects worth of approximately $500 million (€ 458. The contract extension is for a duration of 10 years, which is significantly longer than the standard contract terms typically offered for similar assets globally. Sep 6, 2024 · Italian contractor Saipem has moved up several spots on our list this year after maintaining its steady flow of contracts in the Middle East. p. Jul 15, 2024 · Saipem awarded two offshore projects in Saudi Arabia . Nov 30, 2021 · Global Oil & Gas firm, Saipem announced in a statement that it has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. Saipem has been awarded by Saudi Aramco three contracts in Saudi Arabia for onshore engineering and construction activities. “Saudi Arabia has been a core market to Saipem from the outset and our ambition is to maintain our EPC leading role in the country. Dec 4, 2021 · Italian Bourse-listed oilfield services giant Saipem signed a $750m contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. 7 billion USD Sep 20, 2024 · Saipem S. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi Aramco. 669. Sep 16, 2024 · Saipem has secured multiple multi-billion-dollar deals this year. no has Sep 22, 2024 · In Qatar, Saipem won another job for the North Field, valued approximately $4 billion and covering the combined natural gas compression projects COMP3A and COMP3B. Saipem, a leading engineering and construction company, has been awarded a $750 million contract by global energy giant Aramco for the Jafurah gas project in Saudi Arabia. Jul 11, 2024 · ADES Holding Company, Saudi Arabia announces that it has secured a contract extension for one of its standard jackup drilling rigs operating in the Kingdom of Saudi Arabia (“KSA”). Sep 18, 2024 · Italian oilfield services player Saipem has confirmed the awarded of a new offshore contract with Saudi Aramco for the development of the giant Marjan field in Saudi Arabia. The firm says the Radeloff joined Mott MacDonald in 2022 as Regional Development Manager for North America MEConstructionNews. 7 billion USD quarter of 2023; the project is a concrete expression of Saipem’s ability to carry out large integrated onshore/offshore projects for its clients. Sep 21, 2021 · Saipem signs Memorandum of Understanding (MoU) with Saudi Aramco for a potential new company in KSA 21/09/2021 Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. Read Also: Projects awarded during April 2021 in Gulf Countries Jul 15, 2024 · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi oil giant Aramco. Sep 4, 2024 · Saipem, which signed a 12-year agreement with Aramco in 2020 for onshore engineering and construction activities, has averaged annual orders of around 1. Oct 1, 2024 · This important contract, at the backdrop of the recent awards by Saudi Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia. This new project strengthens Saipem’s ongoing partnership with Aramco. Belfinger was contracted to modernise the air-pressure system at the Berri gas plant in August 2018. These two projects are part of the ongoing long-term agreement (LTA) with Saudi Arabian oil group giant, Saudi Aramco. Apr 3, 2023 · Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million. 489 million, of which €2,344 million to be executed in the second half of 2024. The Milan-listed offshore engineering and construction giant said Monday that the deal covers two offshore projects Apr 23, 2024 · MILAN, April 23 (Reuters) - Italy's Saipem , opens new tab said on Tuesday that a temporary suspension of oil drilling contracts by Saudi Aramco , opens new tab would have a low impact, leaving Mar 9, 2011 · In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. Aug 20, 2024 · Register for MEED's 14-day trial access . The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. Al Hajri Corporation (NSH) and Aramco to launch a new entity in Saudi Arabia. Sep 18, 2024 · (WO) – Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. 8bn), for the development of an oil and gas field in Saudi Arabia. 5 billion, for the North Field production sustainability offshore compression complexes project – [COMP 2], awarded in Sep 9, 2024 · SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. Jul 15, 2024 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. Saipem has been awarded a contract in Saudi Arabia by the national oil company Saudi Arabian Oil Company (Saudi Aramco) for procurement and construction in relation to the “South Gas Compression Plant Pipelines” project for the development of the Haradh gas plant (HdGP), located in the east of the country. Sep 3, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. The major undertaking aims to extend the life of gas wells in the Haradh and Hawiyah fields. ” The fabrication activities will take place at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators (STAR) in Dammam. Contract awards. It underscores the Sep 18, 2024 · Saipem will use its offshore fleet operating in the region and draw on its advanced welding technologies and engineering expertise. 6% compared to the corresponding period of 2023, as an effect of the higher volumes in the Sub-Saharan Africa, Italy and Middle East. Mar 2, 2020 · According to a statement, the new company aims to maximise local value creation and become a first-tier player in the execution of onshore construction works as well as of onshore pipeline EPC projects. ADIPEC, ADIPEC 2023, Exploration & Production, Gas, International News, NEWS, offshore, oil. Towards a sustainable business Jul 17, 2019 · Italian oil and gas group Saipem SpA (BIT:SPM) and renewables investor Plambeck Emirates LLC have tied up to develop what will be Saudi Arabiaâ s first floating offshore wind farm -- a 500-MW complex in the Persian Gulf. Jan 10, 2024 · Italy’s Saipem has announced in a LinkedIn post that it has completed the ‘South Gas Compression Plant Pipelines’ project, which is designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. Jul 10, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. The combined value of these projects totals approximately 500 million USD, underscoring Saipem’s strategic positioning in the global energy sector. The company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Arabia. Courtesy Saipem. The scope of work involves the engineering, procurement, construction, and installation of five platforms and associated subsea pipelines, flowlines, and cables in the Marjan field, offshore Saudi Arabia, featuring an entirely in-Kingdom fabrication scheme. Aug 21, 2024 · The Saudi state-owned giant recently awarded a key project, dubbed Contract Release Purchase Order 127 (CRPO 127) to Italy’s Saipem for the additional offshore infrastructure required for the Jul 18, 2019 · Norbert Plambeck, shareholder of Plambeck Emirates said in the statement that the development of floating offshore wind farm project is part of the new 5 GW Wind Market concept, which has been proposed to Saudi Arabia. The two projects are under an existing long-term agreement (LTA) with Saudi Arabian Oil Co Sep 3, 2024 · MILAN - Italian energy engineering group Saipem said on Tuesday it won two offshore contracts in Saudi Arabia worth around $1 billion in total, under an existing long term agreement with oil giant Saudi Aramco. Jul 15, 2024 · Italy’s Saipem has secured work in Saudi Arabia worth a total of about $500m. At the offshore Abu Safah Field , Saipem has EPCI responsibilities for a new 50-km, 42-inch oil trunkline. Sep 5, 2024 · Saipem S. A SAPMF, an Italian engineering and construction services company, has secured a major offshore contract from Saudi Aramco. 7 billion. Saipem has inked an agreement with Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ). Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the south-east of the Arabian Peninsula, which is part of the development plans to meet the country’s energy needs. The contract was signed under an existing long-term agreement with Saudi Aramco, the state oil giant. Aug 19, 2022 · Contractors Worley, Saipem, and Larsen & Toubro are said to have contract awards on Saudi Arabia-owned energy giant's Jafurah field development there, set to produce up to 3. The contract value amounts to approximately 4. Sep 16, 2024 · The two projects are part of a long-term agreement with Aramco, the Saudi Arabian Oil Group, a state-owned petroleum, and natural gas company that is the national oil company of Saudi Arabia. The fabrication work related to these contracts will be conducted at Saipem’s fabrication yard in Saudi Arabia, known as Saipem Taqa Al-Rushaid Fabricators Co. SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. 66 billion from the Saudi company between 2021 and 2023. The Kuwait Oil Company (KOC) awarded a contract worth approximately $850 million to Saipem, in August, to construct a pipeline system for the new El Zour refinery, Egypt Oil & Gas previously reported. Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement Jul 10, 2019 · According to Saipem, the first contract, “PKG-01 Expand Abu Ali Crude & KGP Gas Facilities” for the Berri field, concerns the expansion, through the installation of new process units, of the Abu Ali oil-gas separation plant located on the island of the same name, about 50 km north of the Ras Tanura refinery, and of the gas treatment plant Sep 4, 2024 · Workers on a Saudi Aramco rig. Saipem added that all the concerned partners will use their experience and know-how to carry out an innovative project, in line Sep 16, 2024 · Earlier this month, Saipem secured two offshore contracts in Saudi Arabia, with a combined value of approximately $1bn. Jan 9, 2024 · Italian oil and gas giant Saipem announced the successful completion of the South Gas Compression Plant Pipelines project in Saudi Arabia. The overall amount of the two projects is approximately 500 million USD. The backlog at the end of 2023 stood at €29,802 million, of which over 70% from Offshore business projects, both Engineering & Construction and Drilling. News. Sep 4, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. A SAPMF, an Italian offshore services firm, has secured two contracts for offshore work in Saudi Arabia. The awards strengthen Saipem’s presence in Saudi Arabia and its longstanding relationship with Aramco. The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia. Jul 18, 2019 · The two projects, encompassing engineering, Saipem: new Onshore E&C contracts worth over USD 3. The first field spans both onshore and offshore areas along the eastern coast of Saudi Arabia and was discovered in 1964, with crude oil production commencing in 1970. , aiming to increase and develop the capabilities of local industry. Sep 19, 2024 · Saipem believes that the most recent contract reinforces its long-standing presence in the Kingdom of Saudi Arabia in the wake of the recent wave of awards, including two offshore jobs for work at three fields, valued at approximately $500 million, and the engineering, procurement, construction, and installation (EPCI) activities to be carried Sep 18, 2024 · Saipem announced in a statement that it has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. Saudi Aramco has awarded Italian contractor Saipem an estimated $2bn-2. Sep 19, 2024 · Saipem, the Italian energy engineering group, has announced the award of a $2 billion offshore contract for the development of Saudi Arabia’s Marjan oil field. Feb 29, 2024 · Saipem, which in 2020 signed a 12-year deal with Aramco for onshore engineering and construction activities, had annual average orders of around 1. com is the central website of leading construction Apr 6, 2022 · These projects will involve one jack-up unit and a new high specification jack-up chartered from CIMC Group for the project. Sep 5, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Project impact. 66 million) in Saudi Arabia. Nov 30, 2017 · San Donato Milanese (Milan), November 30, 2017 – Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. Jul 16, 2024 · The second project focuses on the production maintenance programs for the Berri and Manifa Fields. Sep 23, 2024 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. The Barzan Pipeline Project included the decommissioning and installation of new pipelines to deliver sour gas from three well sites with unmanned wellhead platforms, all located in the North Field Offshore of the State of Qatar, to an existing onshore Gas Plant located at Ras Laffan Industrial City, Qatar. 7 billion USD Nov 30, 2017 · Offshore staff. Sep 16, 2024 · Saipem announced in a statement that it has been awarded an offshore EPC contract by QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar.