Saipem awarded US$ 1.8 billion BP contract

Saipem has won a new offshore engineering and construction contract in Azerbaijan, for a total amount of approximately US$ 1.8 billion.

BP, on behalf of the Shah Deniz consortium, has awarded to the Saipem, Bos Shel and Star Gulf consortium, a transportation and installation contract for the stage 2 development of the Shah Deniz field.

The field is located 90 km offshore Azerbaijan, in water depths from 75 m to 550 m. The scope of work of the contract includes the transportation and installation of jackets, topsides and subsea production systems and subsea structures, the laying of over 360 km pipelines, diving support services and the upgrade of the pipelay barge Israfil Huseinov (PLBH), dive support vessel Tofiq Ismailov (DSV) and Derrick Barge Azerbaijan (DBA) installation vessels. The project will be completed by the end of 2017.

Commenting on the award, Umberto Vergine, Saipem Chief Executive Officer, said: "The Caspian is a strategic area for the oil and gas industry and we have been working in the region since 1996. We have built a solid and unique presence in the area thanks to our capabilities and expertise in large and complex offshore projects. I’m very pleased that Saipem will be involved in the development of Shah Deniz stage 2, which will ultimately deliver gas to Europe."

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/01052014/saipem_awarded_us_18_billion_bp_contract/