Saipem Lands More Than $1.1B in E&C Offshore Contracts

Saipem has been awarded new E&C Offshore contracts in Russia and the North Sea worth over $1.1 billion.

In Russia, Saipem signed a lump sum EPCI contract with LUKOIL-Nizhnevolzhskneft (a wholly-owned LUKOIL subsidiary), for two export pipelines connecting the riser block in the Vladimir Filanovsky offshore field, in the Northern Caspian Sea, to the onshore shut-off valves, located approximately 6 to 12 miles (10 to 20 kilometers) from the coast, in the Russian Kalmyk Republic.

The scope of work comprises the engineering, procurement, fabrication and installation of a 22-inch diameter and 71 mile-long (114-kilometer long) oil pipeline, and of a 28-inch diameter and 71 mile-long (114-kilometer long) gas pipeline, in a maximum water depth of 20 feet (6 meters), along with related onshore pipelines of 6 to 12 miles (10 to 20 kilometers) respectively. Offshore activities will mainly be performed by the pipelay barge Castoro 12 and by the trenching vessel Castoro 16 in different phases between 2013 and 2015.

The project is particularly challenging due to harsh environmental and operating conditions, such as sea-icing during the winter and extremely-shallow water-depths. Saipem will leverage its distinctive experience at frontiers and, in particular, its skills developed during the execution of the Kashagan project, on the Kazakh side of the Caspian Sea.

Furthermore, Saipem has been awarded new contracts by several clients in the North Sea.

Among these, Saipem signed a lump sum EPCI contract with Dong E&P in Denmark, for a gas export pipeline and an oil export pipeline in the Hejre field, located approximately 186 miles (300 kilometers) off the Western Danish coast.

The scope of work includes the engineering, procurement, fabrication and installation of a gas export pipeline of 15 miles (24 kilometers) and a 12-inch diameter, in a water depth of 226 feet (69 meters) and of an oil export pipeline of 56 miles (90 kilometers) and a 10-inch diameter, in a water depth of 131 feet (40 meters), connecting the field to an offshore platform. The offshore activities will be performed between the second and third quarter of 2014.

Source : RIGZONE