Saipem: awarded a new offshore E&C contract in Italy worth approximately 300 million Euro

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Saipem has been awarded an offshore E&C contract by Enimed, a subsidiary of Eni S.p.A., for the Transportation and Installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea Fields to the Sicilian coast (Italy), worth approximately 300 million Euro.

With a length of 60 km and a maximum water depth of 660 mt, the 14” gas pipeline will be installed by Castorone and Castoro 10, both globally recognized as first class pipelay vessels. Moreover Saipem 3000 vessel will install umbilicals connecting Cassiopea wells to the Prezioso Platform.

The Cassiopea project represents a strategic and complementary infrastructure in the frame of the Italian gas supply, which has been recently affected by the geo-political scenario, setting Saipem as one of the main Contractors able to effectively support clients and to provide tangible solution to the current energy crisis.

Source: Saipem

Saipem has been awarded onshore Drilling and offshore E&C contracts in the Middle East worth approximately 1,250 million USD

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Saipem has been awarded several contracts, both onshore and offshore, in the Middle East worth approximately 1,250 million USD.

The first group of contracts concerns the extension of onshore drilling contracts in the Middle East for an overall amount of approximately 600 million USD.

The awards relate to the ten-year extension of existing contracts regarding four land-rigs located in the Middle East. The land rigs, with power ranging from 1,500 to 2,000 HP, will be employed for exploration and production activities in various oil and gas fields, in continuity with operations under execution in the area.

Furthermore, Saipem has been selected to be awarded four new contracts in the Middle East. The scope of work of the contracts encompasses the engineering, procurement, construction and installation of several offshore jackets, decks, subsea pipelines, subsea composite cables, umbilicals, fiber optic cables and brownfield modifications. The combined value of the contracts is approximately 650 million USD.

Source: Saipem

Saipem awarded offshore contract for Gato do Mato development in Brazil

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Saipem confirms that it has been recently awarded a limited notice to proceed (LNTP) by BW Offshore SPV PTE Ltd, for the early-stage engineering services for the supply of an FPSO (Floating Production Storage and Offloading) unit to be then provided to Shell and its partners for the development of the Gato do Mato oil and gas field located approximately 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters.

The LNTP is valued up to 50 million USD. Saipem’s share is worth approximately 25 million USD.

The LNTP is a key step ahead for this initiative and Saipem project team is already fully mobilized. Upon completion of the LNTP, Shell and its partners target to award a lease and operate contract which will include the award of the engineering, procurement, construction, and installation (EPCI) of the FPSO to a Consortium between Saipem and BW, with expected delivery in 2026. The award is subject to the parties finalising the commercial and pricing terms of the contract in view of the current inflationary supply chain market and a final investment decision to proceed by Shell and its partners.

Source: Saipem

Saipem has been awarded new offshore drilling contracts in Middle East and West Africa worth over 400 million USD

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Saipem has been awarded new contracts in Offshore Drilling in the Middle East and in West Africa for a total amount of over 400 million USD.

Two contracts have been awarded in the Middle East for two high specification jack-up drilling units, consisting of drilling and workover operations for a duration of five years. The start of operations is scheduled for the fourth quarter 2022. Each contract includes options for two additional years. These projects will involve one Saipem jack-up unit and a new high specification jack-up chartered from CIMC Group for the project.

With these additional awards in the Middle East, Saipem consolidates its presence in this strategic area, expanding the jack-up fleet from three to five units, with a view to growth in the offshore drilling market.

Furthermore, another contract has been assigned by Eni for a drilling campaign offshore West Africa, with operations expected to start in April 2022 in continuity with previous activities. The contract will be executed by Saipem 12000, a sixth-generation ultra-deep-water drillship. The contract duration is for six months plus optional periods for an additional 10 months.

Including the contracts announced today, from the beginning of 2022 Saipem has been awarded projects worth over a total amount of 750 million USD in the offshore drilling segment.

Saipem is an advanced technological and engineering platform for the design, construction and operation of safe and sustainable complex infrastructure and plants. Saipem has always been oriented towards technological innovation and is currently committed, alongside its clients, on the frontline of energy transition with increasingly digitalised tools, technologies and processes that were devised from the outset with environmental sustainability in mind. It is listed on the Milan stock exchange and operates in over 70 countries around the world with 32 thousand employees from 130 different nationalities.

Source: Saipem

Saipem: awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD

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Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD.

Regarding the first contract, Saipem has received the Notice to Proceed (NTP) from Woodside, as Operator for and on behalf of the Scarborough Joint Venture, for a contract related to the Scarborough project. Saipem will complete the export trunkline coating and installation of the pipeline that will connect the Scarborough gas field with the onshore plant. 

The Scarborough gas resource is located in the Carnarvon Basin, offshore Western Australia, and it will be developed through new offshore facilities connected by an approximately 430 km export trunkline with a 36”/32” diameter to a second LNG train (Pluto Train 2) at the existing Pluto LNG onshore facility. The development will be among the lowest carbon intensity sources of LNG globally. The first cargo is expected to be delivered in 2026.

The work assigned to Saipem is relevant to coating, transportation and installation of the trunkline, at a maximum water depth of 1,400 meters, including the fabrication and installation of the line structures and of the pipeline end termination in 950-meter water depth. Offshore operations are planned to start in mid-2023 and will be mainly conducted by the Castorone vessel.

The Scarborough Joint Venture comprises Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26.5%). Woodside and BHP announced on 22 November 2021 that a final investment decision has been made by the Scarborough Joint Venture to proceed with the Scarborough Project.

The second contract has been assigned to Saipem by Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil, for the Yellowtail development project located in the Stabroek block offshore Guyana at a water depth of around 1,800 meters. 

Pending the necessary government authorizations and investment approval, the assignment of the contract allows the start of initial engineering and procurement activities necessary to proceed in accordance with the project program.

The contract relates to the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilicals, Risers & Flowlines (SURF). 
Yellowtail is intended to be a greenfield development project encompassing subsea drilling centres, (each equipped with separate oil production, water injection and gas injection wells), linked to a new FPSO (Floating Production Storage and Offloading Unit).

Saipem’s flagship vessel FDS2 will conduct the offshore operations while Saipem’s fabrication facility in Guyana will build the deepwater structural elements. 
Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to execute complex offshore projects worldwide. The Scarborough project will be mainly conducted by the Castorone vessel, our versatile and state-of-the-art asset, representative of the innovative and world-class offer which Saipem is able to provide the market. The recently opened Saipem fabrication facility in Georgetown will be involved in the execution of the Yellowtail project, ensuring a positive and tangible impact on the country”.

Source: Saipem

Saipem has been awarded $750 million EPC contract for Jafurah gas field

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Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia. Saipem will also build a system to transport water associated with the separation  of the treated gas. The contract has a total value of approximately USD 750 million.

The EPC (Engineering, Procurement, Construction) contract includes the engineering, supply of materials, construction, and commissioning of approximately 835 km of pipelines for the transportation of gas, condensate and production water.

Francesco Caio, Saipem’s CEO, commented: “The award of this new project from Aramco consolidates a long-standing relationship and Saipem’s strategic positioning in the Middle East. The agreement confirms the trust and appreciation of our customers in the project management capacity and in the cutting-edge engineering and technological services that Saipem is able to offer”.

Source: Saipem

TechnipFMC and Saipem Announce SURF Commercial Agreement to Unlock New Opportunities

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TechnipFMC and Saipem announced that the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients.

The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies’ complementary world-class assets, technologies, products and competencies improves project economics and de-risks the overall project development for the benefit of all stakeholders.

The collaboration will have access to a broad range of SURF products and installation methods, providing greater operational flexibility and optimized execution strategies under EPCI (Engineering, Procurement, Construction and Installation) and iEPCI™ (integrated Engineering, Procurement, Construction and Installation) project execution models.

Jonathan Landes, President, Subsea, at TechnipFMC commented: “We are very pleased to partner with Saipem for the creation of this alliance. Working together with Saipem, we will be well-positioned to efficiently utilize complementary assets and capabilities to create differentiated technical solutions that further optimize project execution. Importantly, the strengthened offering will also expand the potential market for iEPCI™ opportunities when combined with TechnipFMC’s innovative Subsea 2.0™ production systems.”

Stefano Porcari, Chief Operating Officer of the E&C Offshore Division, at Saipem commented: “The SURF commercial agreement with TechnipFMC represents an important milestone to offer a more competitive and reliable value proposition to our clients. The agreement will provide a pool of complementary enabling vessels and facilities and a consolidated Reel laying and J-laying technology base. Together we will be able to provide a full service for those challenging developments requiring an ample range of technologies and capabilities. We are very excited with this commercial agreement and with the opportunities that will be released to the benefit of our stakeholders.”

Source: TechnipFMC

Fugro has been awarded by Saipem a monitoring contract to support the construction of a LNG jetty for BP’s Greater Tortue Ahmeyim field offshore Senegal/Mauritania.

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Beginning in December, Fugro will deploy their InclinoCam® vision technology to install more than 190 piles with centimetre precision over a period of approximately 6 months, working from a jack-up barge. Fugro’s rapid precise positioning will provide actionable Geo-data on the monopile inclination to accelerate the project schedule and a touchless solution that is much safer than conventional monitoring.

As one of the industry’s most accurate verticality monitoring instruments, Fugro’s InclinoCam will acquire Geo-data to position the monopiles at the exact location on the earth’s surface, delivering to Saipem’s tight installation tolerances and providing continuous verticality measurements via machine-vision cameras and intelligent visual object recognition algorithms. The use of vision technology to install the piles for the jetty will improve safety by reducing the need for human intervention and increase overall project efficiency by providing real-time inclination measurements that can be taken without having to pause the piling operations.

Jaco Stemmet, Fugro’s Director for Africa, said: “We look forward to leveraging the very latest vision technology to automate, optimise and record the whole measuring process, and installing almost one pile a day will deliver on our commitment to Saipem’s schedule. LNG has a clear role in shaping the energy transition and is one of the fastest and most economic paths to lowering carbon emissions. Through this contract award, we are pleased to apply our extensive West African experience, now specifically in Senegal.”

Source: Fugro

Saipem has been awarded new onshore drilling contracts in the Middle East and in South America

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Saipem has been awarded new onshore drilling contracts in the Middle East and in South America. In particular, a contract has been awarded in the United Arab Emirates with a duration of approximately 15 months.

In South America, Saipem has been awarded the extension of two contracts in Colombia and one contract in Peru, as well as two new contracts in Bolivia and Peru.

All these new contracts, worth a total of 70 million dollars, further strengthen the long-standing relationships with local and international clients in these geographical areas and represent a positive sign of the gradual recovery of demand in the drilling sector and investments in the Oil and Gas market.

Source: Saipem

Saipem signs Memorandum of Understanding (MoU) with Saudi Aramco for a potential NewCo in KSA

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Saipem has signed with Saudi Aramco a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish in Saudi Arabia a new entity for the execution of engineering and construction activities in the energy and infrastructures industrial sector.

The initiative was taken in the frame of the Saudi Aramco’s Nama’at Investment Industrial Program, focused on building capacity in four key sectors: sustainability, technology, industrial and advanced materials.

The agreement entails the potential creation, in partnership with local entities and the Saudi Public Investment Fund, of an “EPC National Champion” capable of executing In Kingdom the full range of Engineering, Procurement and Construction (EPC) project activities maximising the employment of local resources.

Saipem has a long-standing collaboration with Saudi Aramco, including the execution of a wide set of activities, from onshore and offshore engineering and construction to drilling activities, with onshore and offshore rigs.

Source: Saipem

EDISON AND SNAM ALONGSIDE SAIPEM AND ALBORAN FOR THE GREEN HYDROGEN VALLEY PROJECT IN PUGLIA REGION (Italy)

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Edison and Snam have signed a Memorandum of Understanding (MoU) along with Saipem and Alboran Hydrogen – who had both already signed a cooperation agreement last January – for the joint development of the Puglia Green Hydrogen Valley project,one of the first large-scale initiatives for the production and transport of green hydrogen in Italy.

The aim of this project is to help accelerate the uptake of green hydrogen – one of the key components of the EU’s decarbonisation strategy – within Italy’s energy mix to ensure national and European climate neutrality targets are met by 2050.

The Puglia Green Hydrogen Valley project plans to build three green hydrogen production plants in Brindisi, Taranto and Cerignola (Foggia) for a combined capacity of 220 MW and powered by a photovoltaic production of 380 MW in total. Once the three plants are operational, it is forecasted that they will be able to produce about 300 million cubic metres of renewable hydrogen every year.

This green hydrogen will be used primarily for local industries, including through injecting – or blending – the hydrogen into Snam’s local gas network and/or employed for sustainable mobility.

For one of these three plants, the authorisation process is already underway for the Brindisi project which will involve the construction of a production plant for green hydrogen using electrolysers with a capacity of 60 MW that will be powered by a PV farm.

The entire Puglia Green Hydrogen Valley project will enable to sustain and involve key regional players, including the Acquedotto Pugliese water supply company, the Appulo Lucane Railways, Puglia’s technological and production districts, the Polytechnic of Bari, the Universities of Bari, Foggia and Salento. Moreover, there will be investments in the research and development aimed at promoting the creation and development of competencies and a production chain dedicated to the hydrogen industry in Puglia.

The agreement represents a fundamental milestone in the establishment of a hydrogen industry in Italy by creating new opportunities in terms of employment and competencies.

With this agreement Edison confirms its role as a key player also in the sector of green hydrogen, a technology that has synergies both with the company’s core business, which covers the entire value chain in the energy sector, and with its strategic development plan.

Thanks to the most extensive network in Europe and its technological expertise, Snam is promoting its role as an enabler of the hydrogen valley ventures, by contributing to the development of projects and connecting production and consumption points.

Saipem wishes to emphasise the importance of this project in terms of its contribution to the recovery plan for Italy. The company is involved in the development of technologies and innovative business models in the green hydrogen and renewable energies sectors as part of the evolution process of its portfolio of skills. Saipem confirms its role as the ideal partner for supporting its clients in the energy transition process in order to meet net zero targets.

Finally, Alboran’s determinations regarding green hydrogen are perfectly aligned with the Italian and European strategies. The involvement of other strategic partners in this venture will make it possible to maximise the potential of the project model that has been proposed for Puglia.

In order to execute the project, the partners anticipate creatinga special purpose company (Alboran 30%, Edison 30%, Snam 30%, Saipem 10%) following the signing of binding agreements that still have to be negotiated by the parties,based on the relevant regulatory frameworks, including the ones concerning operations among related parties.

Source: Saipem

Saipem projects|Petropipe

Saipem has been selected by Perdaman Industries for a Urea Plant in Karratha, Australia

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Saipem, in a 50% joint venture with Clough, has been selected as the exclusive EPC contractor for the development of Perdaman Industries’ urea plant on the Burrup Peninsula, approximately 20 km North-West of Karratha, on the coastline of Western Australia. The conclusion of the contract is subject to a Final Investment Decision (FID), final signature of an EPC contract and all governmental and regulatory authorizations.

The scope of work of the joint venture includes engineering, construction, pre-commissioning and commissioning of the urea plant including all utilities, urea handling, storage tanks and site civil buildings.

The facility will consist of the urea fertiliser plant and related facilities with a capacity of 2 million tonnes of urea per annum and will include a water treatment plant, a power plant (100MW), as well as urea storage, loading and unloading facilities. The urea will be shipped from Pilbara Ports Authority to local and offshore markets, with 50 to 100 shiploads expected per year.

Alessandro Tattini, APAC Area Manager of Saipem’s Onshore E&C Division commented: “Saipem has a strategic interest in Australia as well as strong international expertise in urea/ammonia. Thanks to this joint venture, we are partnering with a company such as Clough who has been delivering projects in the country for more than a century. This joint venture looks forward to bringing one of the largest urea projects in the world into production for our client Perdaman”.

Source: Saipem


Saipem News- Petropipe

Consortium of Bouygues Travaux Publicis, Saipem and Boskalis Selected for Fecamp Offshore Wind Farm Foundations

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Bouygues Travaux Publics (mandatory, 40.5%) in consortium with Saipem (40.5%) and Boskalis (19%) have been awarded the design work, construction and installation scope for 71 concrete Gravity-Based Structures (GBS) as foundation for the Fécamp offshore wind farm in Normandy, France. The award was made by EDF Renewables, Enbridge Inc and wpd Offshore. The contract carries a total value of 552 million euros.

The offshore wind farm will be located between 13 and 22 kilometres off the coast of Fécamp in Normandy. The 71 wind turbines will be connected to the gravity-based foundations installed on the seabed at depths between 25 and 30 metres.

Within the consortium, Bouygues and Saipem, are tasked with the design, construction and installation on the seabed of the gravity-based foundations with an individual weight of up to 5,000 tonnes necessary to provide the stability of the 7MW wind turbines. Boskalis is tasked with the design and preparation of the seabed rock foundation prior to GBS installation, and the scour protection and ballasting of the GBS’ after installation on the seabed.

The foundations will be constructed in the Bougainville maritime works yard in the Grand Port Maritime of Le Havre and will be transported by barge to the offshore wind farm site. The works, which will start in June, should be completed by the end of 2022. The commissioning and operational start-up of the wind farm are planned for 2023.

With a total power output of some 500 MW, the Fécamp offshore wind farm should produce the equivalent of the domestic electricity consumption of approximately 770,000 people, representing more than 60% of the inhabitants of the Seine-Maritime department.

To carry out this project, EDF Renewables has selected internationally recognised companies in the fields of civil engineering and construction, dredging, offshore installation and maritime works. With this unique combination of expertise, the consortium partners are confident to successfully deliver and contribute to the energy mix diversification programme of the French Government.

Source: Saipem Press Release

saipem projects

Saipem awarded Egypt’s first polybutadiene plant, in consortium with Petrojet, for the amount of approx 150 million USD

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Saipem, leading a consortium with Egypt-based Petrojet, has been awarded a contract by Egyptian Ethylene & Derivatives Co. (Ethydco) for the first polybutadiene-producing facility in Egypt, with an expected production capacity of 36,000 MT/Y.

Saipem and Petrojet have a long history of partnership in Egypt and will be jointly responsible for detailed engineering design, procurement and supply of equipment and materials, construction, pre-commissioning, commissioning up to successful start-up and performance testing.

Saipem will contribute its key competencies as a leading solutions provider in the petrochemical sector, specifically in the elastomers segment.

The scope of work of the new rubber plant comprises one production train of Low Cis Butadiene Rubber and related facilities. Polybutadiene is a synthetic rubber with a high resistance to wear and is used in the manufacture of tires, which consumes about 70 per cent of all global production.

The overall value of the contract is for approximately 150 million USD.

Maurizio Coratella, Chief Operating Officer of the Saipem Onshore E&C Division, commented: “After successful completion of the fast-track Zohr project, this award confirms Saipem as a partner of choice to support the sustainable development of Egypt”.

Source: https://bit.ly/2VDY5Ei

Saipem News Petropipe

Saipem: new offshore contracts worth over 500 million USD

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The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The scope of the offshore work encompasses the design, engineering, procurement, construction and installation of a 36” carbon steel pipeline onto the existing network around the Ju’aymah area and brownfield services at the associated offshore platform.

Furthermore, in West Africa, Saipem has been assigned a contract by Eni Angola S.p.A. related to Cabaça and Agogo Early Phase 1 developments. The scope of work includes the EPCI of risers, production flowlines, jumpers and the installation of a Subsea Production System (SPS) in water depths ranging between 400 and 600 m to be carried out by Saipem vessels FDS and Saipem 3000.

In the same region, specifically in Equatorial Guinea, Saipem has also signed a contract with Noble Energy for the offshore installation of a 70 km gas pipeline connecting the Alen Platform to Punta Europa on the coast.

Additional minor contracts awarded are related to the decommissioning of existing infrastructures located in the Thistle Field of the North Sea to be executed by the Saipem 7000 and two other offshore transportation and installation contracts in the Middle East and the Gulf of Mexico.

Francesco Racheli, Saipem E&C Offshore Division COO, commented: “These new contract awards confirm the diversified nature of our core market segments and contribute to consolidating the historic relationship with our clients who know they can constantly rely on our support in order to pursue their safety, efficiency and reliability targets. A good start to the year for the E&C Offshore division and confirmation of the strategic positioning of the company in the Middle East and West Africa”.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 32 thousand employees of 120 different nationalities.

Source:- www.saipem.com

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Saipem Wins Drilling Contracts Worth $1.7B USD

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Saipem has been awarded new contracts and extensions on existing contracts in Onshore Drilling and Offshore Drilling for an overall amount of approximately 1.7 billion USD.

The contracts related to the Onshore Drilling Division encompass 19 land-rigs located in the Middle East, with power between 1500 and 2000 HP, and their duration range from three up to ten years. In addition, new contracts and extensions on other existing contracts have been assigned for new works that will be executed in Bolivia, Perù, and Romania.

The contracts related to the Offshore Drilling Division concern activities to be executed in Norway and in Angola.

Stefano Cao, CEO of Saipem, commented: “The award of these contracts proves the solidity and reliability of the operational performance of our Drilling Divisions and further strengthens Saipem’s long-time presence in strategic areas of the world”.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. 

Source: http://bit.ly/2QqhcyV

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Saipem Wins Two New Contracts of Approx 750 million Euro for Offshore Wind Farms in Scotland and Taiwan

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Saipem has been awarded a contract by the French company EDF Renewables for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland.

This is the first turn-key project awarded to Saipem in the offshore wind farm sector. The scope of work consists of the engineering, procurement, construction and installation of 54 steel foundation jackets for an equivalent number of wind turbines with a capacity of around 8MW each, 2 steel foundation jackets for the offshore electrical substations and the transportation and installation of the relevant topsides. These jackets will be manufactured partly at a Saipem owned yard and partly in fabrication facilities located in Scotland. The jackets will be placed on piles at depths ranging from 40 to 60 meters.

Offshore installation activities will be carried out by the crane vessel Saipem 7000, which has a consolidated track record of operations in the North Sea.

The NnG offshore wind farm, 15km off the east coast of Scotland, will be deployed over an area of 105 km2 and will be capable of generating around 450 megawatts of electricity.

Francesco Racheli, Chief Operating Officer of the Saipem E&C Offshore Division, affirmed: “This EPCI contract awarded by EDF Renewables marks a key milestone in the pursuit of our strategy to become a reference player for large offshore wind farm developments and, more extensively, in the sphere of the energy transition. This important achievement has been made possible thanks to our capabilities and expertise in engineering, fabrication, and installation as well as to our assets, particularly suited to projects of this kind. Our collaboration with EDF Renewables and with the entire supply chain will allow us to contribute to the generation of 450 megawatts of green energy, fostering the utilization of local supply chain and expertise to provide the most competitive solution to our stakeholders and clients and execute a successful project”.

Furthermore, Saipem has been awarded a new contract for the Formosa 2 offshore wind farm project. The scope of work entails the supply of material and fabrication of 32 foundation jackets for an equivalent number of wind turbine generators. The wind farm is being developed by a partnership between Macquarie’s Green Investment Group and Swancor Renewable Energy, offshore Miaoli County on the West coast of Taiwan. Construction works for the project are scheduled to commence early 2020.

Source: http://bit.ly/2QXNHXb