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.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.