Saipem wins contracts worth €850 million offshore Italy and Ivory Coast

The first contract, which has been awarded by Eni Côte d’Ivoire and its partner Petroci, is for the Baleine offshore oil and gas field.

Saipem will supply subsea umbilicals, risers and flowlines for the development of the Baleine Phase 2 project.

The scope of the contract includes the engineering, procurement, construction and installation (EPCI) of roughly 20 km of rigid lines, 10 km of flexible risers and jumpers, and 15 km of umbilicals connected to a floating unit. Saipem's offshore construction vessels will carry out the installation work in 2024.

The oilfield services provider was also contracted the drilling work for Baleine Phase 1.

The second contract entails building the infrastructure for a new floating storage and regasification unit (FSRU) in the Adriatic Sea off the coast of Ravenna, Italy. It has been awarded to Saipem by Snam Rete Gas. The work involves the EPCI of a new offshore facility for the docking and mooring of the FSRU, which is connected to the existing one.

The new facility will be connected to shore by a 26 in. offshore pipeline measuring 8.5km in length, as well as a 2.6 km onshore pipeline and a parallel fibreoptic cable.

Castoro 10, a pipelay barge owned by Saipem, will perform offshore operations and the new FSRU is expected to increase Italy's capacity to import LNG, said Saipem.

Last month, Eni Congo and bp awarded two contracts worth €637 million to Saipem.

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