Saipem has secured a new offshore contract from Turkish Petroleum OTC for additional works related to the extension of the third phase of the Sakarya gas field development, located in the Turkish sector of the Black Sea. The contract is valued at approximately USD 425 million.
Under the contract, Saipem will execute the engineering, procurement,…
Saipem has secured two offshore contracts in Saudi Arabia under its existing Long-Term Agreement with Aramco, awarded through Contract Release Purchase Orders (CRPOs).
The first award, CRPO 162, has a duration of 32 months and covers the Engineering, Procurement, Construction, and Installation (EPCI) of approximately 34 km of pipelines with diameters of 20” and 30”,…
Saipem, in consortium with Offshore Oil Engineering Co. Ltd. (COOEC), has secured an offshore EPCI contract from QatarEnergy LNG for the COMP5 package of the North Field Production Sustainability (NFPS) Offshore Compression Complexes project. The total contract value is approximately USD 4 billion, with Saipem’s share estimated at around USD 3.1 billion.
The NFPS initiative…
Saipem has announced that Aker BP has exercised an additional option to extend the contract for the semi-submersible drilling unit Scarabeo 8, allowing the rig to remain in operation for a further year.
This marks the third extension of the contract originally awarded in March 2022, following the previously announced extensions covering 2026 and 2027,…
Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO — both affiliates of the State Oil Company of the Azerbaijan Republic (SOCAR), has secured three new offshore contracts for the Shah Deniz Compression Project, operated by bp in Azerbaijan. The combined value of the contracts is approximately USD 700 million, of which…
Saipem has been authorized by ExxonMobil Guyana Limited to proceed with the engineering, procurement, construction, and installation (EPCI) activities for the Hammerhead oil field development, located in the Stabroek block off Guyana at a depth of approximately 1,000 meters. The contract is valued at around $500 million USD.
Earlier, on April 2, 2025, Saipem announced the…
Saipem has announced that Aker BP has exercised its option to extend the existing contract for the semi-submersible drilling rig Scarabeo 8. The extension, following a previous one-year renewal, will keep the rig in operation through to the end of 2027.
Scarabeo 8 will continue working offshore Norway for Aker BP, supporting ongoing exploration and production activities.…
Saipem has been awarded a new contract by Enilive – Eni’s subsidiary focused on biorefining, biomethane production, smart mobility solutions, and the distribution of energy carriers for mobility. The contract, valued at approximately €155 million, covers engineering, procurement, and construction (EPC) activities for the expansion of the Enilive biorefinery in Porto Marghera, near Venice.
The award…
Saipem has been awarded a FEED (Front End Engineering Design) contract by Sonatrach, related to the Phosphate Integrated project for fertilizer production in Algeria.
The contract was awarded through a competitive dual FEED process, which provides for design work to be conducted by both Saipem and a competing operator. Sonatrach will then select the best…
Saipem has been awarded a contract by Eni in the UK for the Liverpool Bay CCS project. The value of the contract is estimated approximately 520 million euros over the three years required to complete the project.
The Liverpool Bay CCS project will serve the HyNet industrial cluster, situated in one of the UK’s most…
Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.
With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release…
Saipem has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD.
The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. The duration of the project is expected to last 3 years and it emphasizes the growing importance of the…