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    Saipem lands $1.25bn in Middle East contracts


The contracts cover both onshore and offshore work.

by: NGW

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Saipem lands $1.25bn in Middle East contracts

 Italian engineering group Saipem has secured onshore and offshore contracts in the Middle East worth approximately $1.25bn, the company announced on June 28.

The first batch of contracts covers onshore drilling extensions worth $600mn, including 10-year extensions for four land rigs for work at various oil and gas fields. Saipem has also been awarded four new contracts worth $650mn in the region covering engineering procurement, construction and installation of several offshore jackets, decks, subsea pipelines, subsea composite cables, umbilicals, fibre optic cables and brownfield modifications.