Saipem lands new contracts worth $910m

Saipem has clinched two new offshore contracts in Ivory Coast and Italy worth a total of around €850m ($910m).

The Milan-listed energy services player has secured more work with Eni Côte d’Ivoire and its partner Petroci on the Baleine development. The so-called SURF contract for phase 2 of the project covers engineering, procurement, construction and installation (EPCI) of about 20 km of rigid lines, 10 km of flexible risers and jumpers and 15 km of umbilicals connected to a dedicated floating unit.

The installation works will be carried out by Saipem’s offshore construction vessels in 2024. Saipem earlier carried out drilling activities of Baleine Phase 1 by deploying the Saipem 10000 and Saipem 12000 vessels, followed up by the execution of two contracts for Baleine Phase 1 in fast-track mode.

The second contract has been awarded to Saipem, through a temporary association of companies with Rosetti Marino and Micoperi, by Snam Rete Gas for the construction of the facilities for the new floating storage and regasification unit (FSRU) to be located in the Adriatic Sea offshore Ravenna, Italy.

The project consists of EPCI of a new offshore facility, linked to the existing one, for the docking and mooring of the FSRU, to be connected to shore via a 26-inch offshore pipeline 8.5 km in length, plus a 2.6 km onshore pipeline and a parallel fibre optic cable. Offshore operations will be executed by Saipem’s pipelay barge Castoro 10.

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