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    Saipem scores $600mn in field contracts

Summary

The contracts are at gas fields off the coasts of Australia and Turkey.

by: Joseph Murphy

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

Saipem scores $600mn in field contracts

Italian engineering group Saipem has secured two transportation and installation contracts worth more than $600mn at gas fields off the coast of Australia and Turkey, the company announced on November 15.

The first contract was awarded by Chevron for the Jansz-lo compression project, some 200 km off the northwest coast of Australia, at a water depth of 1,400 m. The Jansz-lo project will deliver gas to the Chevron-operated Gorgon LNG plant, helping maintain supply.

Saipem will begin offshore operations in 2024, it said. 

The second contract is at the Sakarya gas field in the Turkish zone of the Black Sea, some 175 from the coast of Eregli. The contract covers transportation and installation of pipelines at a water depth of 2,200 m. Operations are due to start in the spring of 2022.

"These new contracts in the gas sector, a fundamental element of the energy transition, provide solid indications of the improvement in demand and testify to Saipem's capability of offering solutions in line with its clients’ needs," Saipem CEO Francesco Caio said in a statement.