Saipem awarded an offshore EPC contract in Qatar worth approximately 4 billion USD

Saipem, a company that designs and builds energy projects, has been awarded a big contract worth $4 billion by QatarEnergy LNG. The project is for the North Field Production Sustainability Offshore Compression Program, which aims to keep the North Field offshore natural gas reservoir running smoothly. This natural gas field is located off the north-east coast of Qatar.

What Saipem Will Do

Saipem’s job in this project is to design, buy materials, and build six new platforms. They will also install about 100 kilometers of special, long-lasting subsea pipelines. These pipelines will have diameters of 28 inches and 24 inches. On top of that, they will lay 100 kilometers of special composite cables and 150 kilometers of fiber optic cables under the sea. Saipem will also set up other important subsea systems to support the gas production.

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Saipem’s Previous Work in Qatar

This contract is not Saipem’s first job in Qatar. In October 2022, Saipem won another important contract for the North Field Production Sustainability Offshore Compression Complexes Project (called COMP 2). That project is still going on, and this new contract shows how much Saipem has become a trusted partner for energy projects in Qatar.

About Saipem

Saipem is a global company known for its expertise in building large projects in the energy and infrastructure industries, both offshore and onshore. Saipem is organized into several business lines, including:

• Asset-Based Services
• Drilling
• Energy Carriers
• Offshore Wind Projects
• Sustainable Infrastructure
• Robotics & Industrialized Solutions

The company owns seven large yards for building and assembling projects. They also have a fleet of 21 construction vessels, 17 of which they own. They operate 15 drilling rigs, nine of which belong to them. Saipem focuses on using new technologies to build projects that are environmentally friendly. Their goal is to help clients transition to a sustainable future with a focus on reaching “Net Zero” emissions.

Saipem is listed on the Milan Stock Exchange and operates in more than 50 countries. The company employs around 30,000 people from over 120 different countries, showing its global reach and diversity.