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    BP Awards Saipem Group Caspian Contracts


The consortium is already active in the Caspian Sea.

by: William Powell

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Natural Gas & LNG News, Europe, Corporate, Contracts and tenders, News By Country, Azerbaijan

BP Awards Saipem Group Caspian Contracts

Italian Saipem, in consortium with Boshelf and Star Gulf, has won three new contracts from BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) fields offshore Azerbaijan, it said October 4.

Saipem has been a key contractor in these fields since the 1990s. About 120 km from the coast of Azerbaijan, the Caspian Sea deposits extend over an area of more than 4,000 km² and are one of the largest of their kind in the world, it said.

Two contracts are for pipeline design, pipe-laying and related activities, while the third is for transportation and installation of four jacket pin piles, subsea structure and spools. Saipem’s share is about $145mn.

The three firms also did the front-end engineering and design (Feed) work, being engaged at an early stage and on a fast track basis. the Italian engineering firm said. Last October, the same trio also landed a subsea, umbilicals, risers and flowlines contract from Total and Socar, the joint and equal operators of the Caspian Sea Absheron field.