The contract, awarded by Saipem S.p.A., is for the provision of double joint welding, coating and thermal insulation for a 36 in. pipeline as part of a major ongoing project in the Middle East.
The deal with Safari Oil & Gas Company Ltd. will see Pipeotech deliver its guaranteed leak-proof DeltaV-Seal gaskets to industries across the Kingdom of Saudi Arabia.
Asia-Pacific oil and gas industry cross border M&A deals total US$7.68 billion in 4Q20.