Saipem lifts deals worth $1.3bn

Lined up: the Saipem 7000

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James MacKenzie

 16 February 2007 12:09 GMT

Italy's Saipem has been awarded three new contracts worth more than $1.3 billion through its subsidiary Snamprogetti for work in Saudi Arabia and Tunisia and off Algeria.

Saudi Aramco handed Saipem an engineering, procurement and construction deal for the expansion of water plant facilities on the Khurais field about 250 kilometres south-west of Dhahran.

The contract, which began on a reimbursable basis in the second quarter of 2006, has now been converted into a lump sum turnkey deal. The work is expected to be completed by the fourth quarter of 2008.

In Tunisia, SCOGAT awarded Saipem the contract for the expansion of the existing Trans-Tunisian gas pipeline, which forms part of the Algeria-Italy gas transport system.

Saipem will carry out the…

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