Saipem scoops $1.1bn subsea double

Milanese win: Saipem gains new contracts off Egypt and Angola

AFP/Scanpix

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Bill Lehane

 11 March 2013 10:49 GMT

Italian services giant Saipem has been awarded a pair of engineering and construction contracts in Egypt and Angola worth around $1.1 billion.

The Milan-based contractor said it had been hired by the Egypt General Petroleum Corporation (EGPC)-led Burullus Gas Company to provide subsea facilities for the West Delta Deep Marine Phase IXa project.

The scope of work encompasses engineering, procurement, installation, pre-commissioning and commissioning support of subsea facilities in the West Delta Deep Marine Concession, which lies about 90 kilometres off the Mediterranean coast of Egypt.

New facilities to be provided by Saipem, which also provided subsea work on three earlier phases at the development, include rigid and flexible flowlines, umbilicals and other related subsea…

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