Italy's Saipem Fills Order Book With Multiple Contract Wins
Work is to be executed offshore Congo, the US Gulf of Mexico, Romania, and Germany.
Italian energy services group Saipem's order book grows heavy as it continues to secure offshore work for its vessels and crews. The company said on 10 August it was awarded two new contracts by Eni Congo and BP valued at about $700 million combined.
These contracts come after Saipem announced on 9 August a $1-billion contract for work in Libya’s shallow water Bouri natural gas field and two contracts of about $1.9 billion for work offshore Germany and Romania.
The Eni Congo contract is for converting the Scarabeo 5 semisubmersible drilling unit into a floating production unit (FPU) that will feed natural gas to a nearby floating liquefied natural gas unit.
The contract is for the engineering, procurement, construction, transportation, and commissioning of the FPU to be installed off the coast of the Republic of Congo, located northwest of the Djeno Terminal, at a depth of about 35 m. This part of Eni’s Congo LNG Project, the country’s first LNG project, is expected to reach an overall production capacity of 3.0 mtpa from 2025, Saipem said in a statement.
The BP contract is for offshore activities related to the Argos FPU located in Green Canyon Block 780 of the US Gulf of Mexico (GOM) in about 1400 m of water depth. The Saipem Constellation vessel will carry out the marine activities required for the project. This deployment will be the vessel’s first in the GOM and follows a series of awards for projects in Australia and Guyana.
OMV Petrom, a Romanian integrated oil company based in Bucharest, awarded Saipem an engineering, procurement, construction, and installation contract for work at the Neptun Deep Gas Development Project located in the Black Sea.
The scope of work includes the installation of a gas processing platform, three subsea developments in the Domino and Pelican fields, a 160-km-long, 30-in.-diameter gas pipeline, and associated fiber-optic cable from the shallow-water platform to the Romanian coast. The gas processing platform will be fabricated at Saipem’s yards in Italy and Indonesia, and the offshore operations will be performed by the Saipem 7000 and JSD 6000 vessels.
GASCADE Gastransport awarded a pipelay contract to Saipem for the Ostsee Anbindungsleitung (OPAL) natural gas line in the Pomeranian Bay in northeastern Germany. Scope of work includes transportation and installation of a 50-km 48-in.-diameter gas line from the Lubmin site in northern Germany on the Baltic Sea to the Mukran port on the eastern coast of Rügen Island and the construction of landfalls, using the pipelay barge Castoro 10.
The OPAL pipeline is scheduled to be commissioned in early 2024.