Saipem bags $1 billion contract in Saudi Arabia Nigeria

Saipem bags $1 billion contract in Saudi Arabia and Nigeria

7:34 AM, 28th June 2012
Saipem bags $1 billion contract in Saudi Arabia and Nigeria

SAN DONATO MILANESE, ITALY: Saipem has been awarded new engineering & construction onshore contracts in Saudi Arabia and Nigeria worth $1 billion. In Saudi Arabia, Saipem has signed a lump sum engineering, procurement and construction (EPC) contract for the naphtha and aromatics package of the Rabigh II Project with Saudi Aramco and Sumitomo Chemical, for the expansion of the integrated refinery and petrochemicals complex in the city of Rabigh, Saudi Arabia. The project will be completed by the fourth quarter of 2015.

The Petro Rabigh complex, whose original production was more than 20 million tonne of petroleum and petrochemicals products per year, will process an additional 30 million standard cubic feet of ethane per day and 3 million tonne of naphtha per year after the expansion. In Nigeria, Saipem has been awarded an EPC contract for the Otumara-Saghara-Escravos Pipeline Project by Shell Petroleum Development Company. The project is scheduled to be completed in 18 months. Furthermore, Saipem has agreed to changes in the scope of its work on the existing Gorgon LNG jetty and marine structures project in Australia.

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