US$4 billion contract for Saipem
16 September 2024
Saipem has been awarded an offshore Engineering, procurement, and construction (EPC) contract by QatarEnergy LNG of the North Field Production Sustainability Offshore Compression Programme.
Aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar. The contract value amounts to approximately US$4 billion.
Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as approximately 100km of corrosion resistance alloy rigid subsea pipelines of 28’’ and 24’’ diameter, 100m of subsea composite cables, 150km of fiber optic cables and several other subsea facilities.
This contract follows the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project [COMP 2], awarded to Saipem in October 2022 and currently being executed.
Saipem says that this contract further consolidates its position in Qatar.
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