Saipem new projects in saudi arabia. Aug 20, 2024 · Register for MEED's 14-day trial access .

  • Saipem new projects in saudi arabia 09% Indonesia Average contribution to national GDP * 0. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The largest platform ever built in Saudi Arabia was the TP-9 deck, in 2016, with a weight of 3,200 t. 71bn during 2023, followed by HD Hyundai with contract value totalling $17. 3 Local employment in Saudi Arabia 11 6. The two projects, encompassing engineering, procurement, construction and installation, have been awarded to the onshore E&C division and involve the development Sep 10, 2006 · The Khurais oilfield development was the largest of several Saudi Aramco projects intended to boost the production capacity of Saudi Arabia’s oilfields from 11. 5 SELCE model application to Saudi Arabia 12 7. 3 Local employment in Nigeria 16 7. Sep 4, 2024 · Saipem, which signed a 12-year agreement with Aramco in 2020 for onshore engineering and construction activities, has averaged annual orders of around 1. 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: award of $750 million contract for Jafurah gas field . Jul 22, 2024 · Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Saipem, in tandem with Saudi Aramco, achieved a new pipeline shore pull record with the Berri Downstream Pipeline. Jan 5, 2024 · Italian engineering and construction giant Saipem has completed work on Saudi Aramco’s strategic South Gas Compression Plant pipeline project. The overall amount of the two projects is approx. 66 billion) from the Saudi company between 2021 and 2023. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi Aramco. The project involves the construction of approximately 835 km of pipelines. Saipem confirmed the development in a social media Jul 11, 2019 · Italy based oil & gas Company Saipem stated that it has awarded two new contracts in the Kingdom of Saudi Arabia worth over $3. Mar 15, 2024 · Overall, Saipem was the top contractor, with contract value totalling $21. 4 Local procurement in Nigeria Jul 15, 2024 · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under an existing long-term agreement (LTA) with Saudi oil giant Aramco. Furthermore, Saipem has been awarded two Front-End Engineering Design (FEED) Competition contracts for gas development projects. and Saipem International BV. Since 2008, 'Saipem Taga Al-Rushaid Fabricators Company Ltd' (STAR) has been operating in the Middle East region. /NSH) LONG TERM AGREEMENT CONTRACT (LTA) FOR SELECTED BROWNFIELD AND UPGRADE PROJECTS (Saudi Aramco/NSH-SAMSUNG) Saudi Aramco Swing Line and Colum C2 Project (Saudi Aramco/ NSH), Abqaiq. Jul 15, 2024 · Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. The project. EPC agreement, mou, Namaat Investment Industrial Programs, Nasser S. In addition, Saipem is currently working with Saudi Aramco on drilling activities, with its onshore and offshore rigs. Jul 15, 2024 · Milan (Italy), July 15, 2024 – Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Saipem’s scope of work under the first project involves the Engineering, Procurement, Construction and Installation (EPCI) of a crude trunkline of approximately 50 km with a diameter Sep 3, 2024 · Italian contractor Saipem confirmed Tuesday that it was awarded $1 billion worth of contracts from Saudi Aramco for additional offshore infrastructure required at its Marjan, Zuluf and Safaniyah Nov 30, 2021 · 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. *** In order to receive email notifications regarding our updates, please subscribe us. Dec 14, 2022 · Access New Project Contract award and tender information in Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and United Arab Emirates (UAE), Riyad, Dubai, Jeddah, NEOM, Red Sea Development, Amaala, ROSHN, Diriyyah Gate, Qiddiya Jan 4, 2024 · Saipem announced in a statement that, it has completed the “South Gas Compression Plant Pipelines” project aiming to increase the life of a substantial number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. In Saudi Arabia, it has been awarded a Contract under the Aramco LTA program . The Khurais project as a whole covers three oilfields: Khurais, Abu Jifan and Mazalij. The value of the contract is approximately 2 billion USD. Jul 15, 2024 · Saipem announced in a statement that it has been awarded two offshore projects in Saudi Arabia. These endeavors not only May 7, 2014 · Umberto Vergine commenting these new contracts said: “Winning these contracts is certainly a great success for Saipem: the contracts in Saudi Arabia represent the first large onshore projects won in 2014 and confirm our competitiveness in complex onshore projects with significant technological edge. Feb 13, 2024 · 11/30/2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. ARAMCO ONSHORE MAINTAIN POTENTIAL 6. Saipem said that the agreement is meant Sep 19, 2024 · Italian energy services provider Saipem has secured a new offshore contract, valued at approximately $2bn (€1. This major initiative of fabricating platforms for the offshore oil and gas fields is the first of its kind in the Kingdom of Saudi Arabia. At the offshore Abu Safah Field , Saipem has EPCI responsibilities for a new 50-km, 42-inch oil trunkline. According to Oil & Gas Middle East , Saipem has averaged annual orders of around $1. Taqa Al-Rushaid for Marine Works Co. 8bn), for the development of an oil and gas field in Saudi Arabia. The project, part of Saipem’s Long-Term Agreement (LTA) with Aramco, involves engineering, procurement, construction, and installation of various offshore infrastructure, including wellhead platforms, flowlines, and cables. Saipem lands $4billion contract from QatarEnergy. Saipem, Nasser S. Jul 15, 2024 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. 5bn contract that involves the engineering, procurement, construction and installation (EPCI) works for several structures at the Marjan oil and gas field development in Saudi Arabia. 7 billion USD Jan 10, 2024 · In a recent update on LinkedIn, Saipem, a global engineering firm, announced the completion of a significant pipeline project in Saudi Arabia. The Saudi Arabian company Saudi Aramco has awarded Saipem, through its subsidiary Snamprogetti, the lump sum turn key contract for the EPC (Engineering, procurement and construction) of the gas-oil separation plant (GOSP), as part of the program for the development of the Khurais field, located some 180 Jul 18, 2019 · The two projects, encompassing engineering, Saipem: new Onshore E&C contracts worth over USD 3. 43bn. Nov 30, 2021 · San Donato Milanese (Italy), November 30, 2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The contract was awarded by Saudi Arabian Oil Company […] Project impact. Jun 29, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. , aiming to increase and develop the capabilities of local industry. Saipem's recent contract wins in Saudi Arabia underscore its strategic alignment with Saudi Aramco and its capacity to execute complex offshore projects. Saipem will execute the offshore EPCI of one platform topside and the associated subsea flexible, umbilical and cable system. Jul 15, 2022 · As part of Saudi Arabia’s Namaat programme, Italian company Saipem has agreed to collaborate with Saudi Aramco and domestic player Nasser S Al Hajri Corporation (NSH) on the national engineering, procurement, and construction (EPC) champion initiative, which aims to boost local involvement in projects. Polypropylene Plant Project Advanced Polyolefin Company (APOC) (Tecnimont Arabia Ltd. Sep 6, 2024 · Italian contractor Saipem has moved up several spots on our list this year after maintaining its steady flow of contracts in the Middle East. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. Aug 21, 2024 · The Saudi state-owned giant recently awarded a key project, dubbed Contract Release Purchase Order 127 (CRPO 127) to Italy’s Saipem for the additional offshore infrastructure required for the Jul 15, 2024 · Italy’s Saipem has secured work in Saudi Arabia worth a total of about $500m. Sep 21, 2021 · Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. Sep 4, 2024 · In July 2024, Saipem secured two offshore contracts worth approximately $500m (€458. The project involves the construction of a hydrocarbon Jul 15, 2024 · Saipem awarded two offshore projects in Saudi Arabia . The overall amount of the two projects is approximately Oct 6, 2022 · Under the agreement, Hyundai E&C plans to carry out major projects through this new joint venture, and to promote cooperation and localisation strategies such as fostering local EPC companies in Saudi Arabia and expanding the recruitment of local manpower for successful project execution. Sep 6, 2024 · Italian oil and gas contractor Saipem has won two deals worth $1bn from Aramco, Saudi Arabia’s state-owned oil company. The awards strengthen Saipem’s presence in Saudi Arabia and its longstanding relationship with Aramco. Al Hajri Corporation (" NSH "), have signed with Aramco an industrial national engineering, procurement, and construction (EPC) champion implementation agreement (the " Agreement "), as part of Namaat Industrial Investment Programs event, for the execution of onshore EPC projects in the Kingdom by Sep 4, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. 669. Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant. Sep 22, 2024 · In Qatar, Saipem won another job for the North Field, valued approximately $4 billion and covering the combined natural gas compression projects COMP3A and COMP3B. 0 NIGERIA 15 7. For full functionality of this site it is necessary to enable JavaScript. The company’s scope of work for the first project involves the EPCI of a 42-inch crude trunkline of around 50 kilometres in length for the Abu Safa field. Saipem signs MOU to build floating wind farm in Saudi Arabia Italy’s Saipem has announced that it has signed a memorandum of understanding (MoU) with renewable energy company, Plambeck Emirates for the design Nov 18, 2020 · Saipem and Saudi Aramco already under an equivalent Long Term Agreement for offshore activities in Saudi Arabia, extended in 2015. (Aramco), Saipem said in a news release. Nov 29, 2023 · Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement arrangement. Saipem’s scope of work under the first project involves the Sep 18, 2024 · Italian offshore energy services firm Saipem has secured a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The fabrication work related to these contracts will be conducted at Saipem’s fabrication yard in Saudi Arabia, known as Saipem Taqa Al-Rushaid Fabricators Co. p. Among the most significant was a set of three contracts awarded by TotalEnergies in Angola, with a combined value of around $3. Ltd. 016% Average contribution to national GDP * 0. The overall amount of the two projects is approximately 500 million USD. 5Bscfd of gas. Jun 27, 2012 · In Saudi Arabia, Saipem has signed a lump sum EPC contract for the Naphtha and Aromatics Package (RP2) 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, located in north of Jeddah, on the Western coast of Saudi Arabia. SAIPEM. Together with Saudi Aramco, the project is promoted by Jazan Economic City (JEC) and is part of a broader strategy for the diversified and sustainable growth of the Saudi Arabian economy. Jul 18, 2019 · SNC-Lavalin was contracted to provide engineering and project management services for the new facilities at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah for the Berri increment program in April 2017. The Jazan refinery and terminal project is promoted by Saudi Aramco, our main client, followed by Total, BP and Eni. Sep 16, 2024 · Saipem announced in a statement that it has been awarded an offshore EPC contract by QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar. contract for their Baleine Sep 4, 2024 · Established in 1957, Saipem is a leading oil and gas contractor with nearly 50 years of experience in Saudi Arabia, delivering onshore, offshore, and drilling projects. These activities are crucial for ensuring the ongoing efficiency and productivity of these vital oil fields, further emphasising Saipem’s role in maintaining and enhancing Saudi Arabia’s oil infrastructure. 66m) in Saudi Arabia through its ongoing long-term agreement (LTA) with Saudi Aramco. The combined value of the work is about $500 million. Sep 18, 2024 · Italian oilfield services player Saipem has confirmed the awarded of a new offshore contract with Saudi Aramco for the development of the giant Marjan field in Saudi Arabia. These long-term awards in the Middle East confirm Saipem strategy towards this key area for its business and the awards in West Africa secure the continuity of operations in line with Saipem strategy for the ultra-deepwater market in this Jul 16, 2024 · A publicly traded company with a global presence (operating in over 50 countries) and a diverse workforce of 30,000, Saipem is well-positioned to be a key player in the evolving energy landscape. O. Jul 15, 2024 · RIYADH, July 15, 2024 – Saipem has won two contracts from Aramco for projects offshore Saudi Arabia with a total value of USD 500 million, the Italian company said on Monday. SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the south-east of the Arabian Peninsula, which is part of the development plans to meet the country’s energy needs. 7 billion. San Donato Milanese (Italy), November 30, 2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. Jul 16, 2024 · Saipem has secured two offshore projects worth $500 million in Saudi Arabia, under an existing long-term agreement with Saudi state-owned oil giant Aramco. The first field spans both onshore and offshore areas along the eastern coast of Saudi Arabia and was discovered in 1964, with crude oil production commencing in 1970. Exploration & Production, Industry Trends, International News, NEWS, offshore, oil Jul 15, 2024 · Fossil Energy – Saudi Arabia. The Barzan Pipeline Project included the decommissioning and installation of new pipelines to deliver sour gas from three well sites with unmanned wellhead platforms, all located in the North Field Offshore of the State of Qatar, to an existing onshore Gas Plant located at Ras Laffan Industrial City, Qatar. for the Abu Safa Field, while the activities related to the second project involve the production maintenance programs of the Berri and Manifa Fields. To this end, the Italian player joined forces with the UK-based newcleo to put nuclear technology into play at offshore oil and gas fields and look into the possibility of floating nuclear-powered prototypes to achieve zero-emission energy. Mar 5, 2024 · It will include 418 million standard cubic feet per day of ethane and approximately 630,000 barrels per day of gas liquids and condensates. Saipem has been awarded a new contract in Onshore E&C. This contract, which is part of the long-term agreement with Saudi Aramco and follows the completion of the bidding procedure, is for the Marjan field. Al Hajri Corporation (NSH) and Aramco to launch a new entity in Saudi Arabia. Saipem has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia for a duration of 5 and 10 years, respectively, and a new contract in Colombia for a duration of 4 years. The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. Sep 16, 2024 · Saipem, which secured multiple deals recently, including two in Saudi Arabia, is looking into ways to enable emission-free oil and gas production. Sep 6, 2024 · The fabrication related to the projects will be executed at Saipem’s local fabrication yard in Saudi Arabia, Saipem Taqa Al-Rushaid Fabricators. Nov 18, 2020 · Maurizio Coratella, COO of the E&C Onshore Division commented: “This new agreement with Saudi Aramco, among our major clients and one of the most active players in the energy sector, strengthens a longstanding relationship and confirms Saipem’s strategic positioning in the Middle East under a medium-long term perspective. The overall amount of the two projects is approximately USD 500M. 66 million) in Saudi Arabia. DUQM Refinery is an integrated project of national significance under development inside the Special Economic Zone atDuqm (SEZAD). Saipem’s scope of work under the first project involves the engineering, procurement, construction and installation (EPCI) of a crude trunkline of May 17, 2021 · San Donato Milanese (Italy). 3 million bpd to 12. Saipem’s EPCI assignment role is subject to the finalisation of financial agreements at the end of the planning phase, after which the EPCI contract will be signed. 5 million bpd by 2009. Read Also: Projects awarded during April 2021 in Gulf Countries Jul 15, 2024 · Specifically, Saipem’s scope of work under the first project involves the engineering, procurement, construction and installation (EPCI) of a crude trunkline of approximately 50 km with a diameter of 42 in. May 17, 2021 · Italy’s Saipem announced in a statement that it has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia. Sep 15, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Jul 15, 2022 · Italian firm Saipem has signed an agreement with construction company Nasser S. The value of the . Dec 9, 2024 · Saudi Arabia Saudi Aramco Middle East Larsen & Toubro Saipem Energy Explored In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the Jul 17, 2019 · The next steps in the early stage project development will begin in the coming weeks through Plambeck Saudi, a unit of Abu Dhabi-based Plambeck Emirates. 2 Saipem’s local content approach in Nigeria 15 7. In total, the two projects are worth $500 million. Aug 31, 2022 · The expansion project forms part of Saudi Aramco’s $18bn investment programme to boost the production capacity of the Marjan and Berri offshore fields by 550,000bpd of crude oil and 2. May 24, 2021 · The successful bid for the Berry oil and gas processing project is another large-scale overseas project won by the Sinopec Corporation in the epidemic crisis as a market development opportunity in Saudi Arabia, statement said. ” The fabrication activities will take place at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators (STAR) in Dammam. Jul 15, 2024 · On the other hand, Saipem’s scope of work for the second project entails the production maintenance programs of the Berri and Manifa fields. Jan 19, 2023 · Access New Project Contract award and tender information in Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and United Arab Emirates (UAE), Riyad, Dubai, Jeddah, NEOM, Red Sea Development, Amaala, ROSHN, Diriyyah Gate, Qiddiya Saipem Classification - General Use |6 THE VALUE GENERATED BY SAIPEM IN THE WORLD FOCUS ON SOME KEY COUNTRIES Nigeria Average contribution to national GDP * 0. Box 30251 - Dhahran 34521 - SAUDI ARABIA View on map Jul 15, 2024 · In January this year Saipem announced that it had completed the South Gas Compression Plant Pipelines project, designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. The major undertaking aims to extend the life of gas wells in the Haradh and Hawiyah fields. 500 million USD. 4 days ago · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under an existing long-term agreement (LTA) with Saudi oil giant Aramco. Contractors involved. Middle East and Africa: Significant projects in countries like Saudi Arabia, Nigeria, Saipem News . 3bn. 8993 NBC Building Route 615, King Abdulaziz Road Adh Dhahran Industrial District P. The combined value of these projects totals approximately 500 million USD, underscoring Saipem’s strategic positioning in the global energy sector. 5 billion euros ($1. Italy’s Saipem expects Aramco orders to drop 20% Sep 5, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Oil and gas engineering specialist Saipem has signed two new contracts in Saudi Arabia, valued at more than US$3. “Saipem’s scope of work Jul 14, 2022 · The initiative by Saipem follows the MoU signed and announced in September 2021, under Aramco’s Namaat Investment Industrial Programs. Saudi Arabia: Italy's Saipem secures $1 billion in contracts from aramco. ANALYSIS, Exploration & Production, Industry Trends, NEWS, offshore, Onshore. Al Hajri Corporation, Saipem, Saudi Arabia, Saudi Aramco. Nov 30, 2017 · San Donato Milanese (Milan), November 30, 2017 – Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. 7 billion USD Apr 3, 2023 · Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million. Saipem will execute the offshore EPCI of one platform topside and the associated subsea flexible, umbilical and Jul 16, 2024 · Saipem has secured two offshore contracts worth approximately $500m (€458. The company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Arabia. The project involves the construction of a hydrocarbon collection system and the transport of gas Jul 17, 2024 · Saipem has secured two significant offshore contracts in Saudi Arabia through its established Long-Term Agreement (LTA) with Saudi Aramco, highlighting its robust partnership and operational expertise in the region. Belfinger was contracted to modernise the air-pressure system at the Berri gas plant in August 2018. The effectiveness of the contract is subject to the fulfilment of the customary conditions precedent. Sep 4, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. 15% Saudi Arabia Average contribution to national GDP * 0. The two projects, encompassing engineering, procurement, construction and installation, have been awarded by the Saudi Arabian Oil Company (Saudi Aramco) to the Onshore E&C division and involve the Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The Projects are awarded under the existing Long-Term Agreement (LTA) with Saudi Aramco. News. Al Hajri Corporation sign an EPC agreement with Saudi Aramco. COM Jun 28, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. Jul 14, 2022 · San Donato Milanese (MI), July 14, 2022 — Saipem and the Saudi construction company, Nasser S. The projects cover engineering, procurement, construction and installation on behalf of state-run oil firm Saudi Aramco at its Berri and Marjan gas fields, located in the Arabian Gulf. In Saudi Arabia, Saipem was awarded a contract from Saudi Aramco, under the current Long Term Agreement (LTA), a project involving the engineering, procurement, construction and installation of five platforms and related subsea pipelines, flowlines and cables in the Marjan field, offshore of Saudi Arabia, with an entirely on-site fabrication scheme. 5 billion San Donato Milanese - Saipem has been awarded two new contracts in Saudi Arabia, worth over USD 3. Sep 19, 2024 · Saipem stated: “This important contract, at the backdrop of the recent awards by Saudi Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia. Throughout this project, Saipem has supported Aramco with reducing the use of oil and increasing the use of natural gas as offshore Saudi Arabia, featuring an entirely in-Kingdom fabrication scheme. It underscores the Jul 16, 2024 · The second project focuses on the production maintenance programs for the Berri and Manifa Fields. Norbert Plambeck, shareholder of Plambeck Emirates LLC, stated: "The development of the 500 MW floating offshore wind farm project is part of the new 5 GW "Wind Market” concept, which has been proposed to Sep 4, 2024 · The first of the latest offshore contracts duo, secured in Saudi Arabia under the existing long-term agreement with Aramco, will see Saipem handle the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 33 kilometers of subsea rigid pipelines with diameters of 12 inches and 16 inches, and 34 kilometers of subsea power cables. To be called EPC National Champion, the venture will focus on executing onshore engineering, procurement, and construction (EPC) projects in Saudi Arabia. Shore pull operations were conducted by utilizing the biggest and most powerful linear pulling winch ever used in the Kingdom of Saudi Arabia, which has an 800-ton pulling capacity. Apr 3, 2023 · The third contract has been awarded under the Aramco LTA program in Saudi Arabia. Nov 30, 2021 · Global Oil & Gas firm, Saipem announced in a statement that it has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. 66m) in Saudi Arabia through its ongoing long-term agreement with Saudi Aramco. It will position Saudi Arabia among the world’s largest natural gas producers. 4 Local procurement in Saudi Arabia 11 6. Initiating the new market in Saudi Arabia is an important opportunity to be seized and we are ready with Plambeck for this new challenge". The overall amount of the two projects is approximately 500 million USD, according to the company's release. The company stated that the duration of contracts is 5 years and 10 years respectively. Sep 5, 2024 · For both projects, Saipem will utilize its construction vessels that are already active in the region, ensuring that the offshore operations are managed efficiently and effectively. . Saudi Aramco has awarded Italian contractor Saipem an estimated $2bn-2. Sep 19, 2024 · Saipem believes that the most recent contract reinforces its long-standing presence in the Kingdom of Saudi Arabia in the wake of the recent wave of awards, including two offshore jobs for work at three fields, valued at approximately $500 million, and the engineering, procurement, construction, and installation (EPCI) activities to be carried Apr 3, 2023 · Saipem announced in a statement that it has been awarded three new offshore contracts and two competitive FEED contracts totalling approximately 650 million USD. Saipem’s scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead Sep 16, 2024 · Saipem has secured multiple multi-billion-dollar deals this year. 7 billion USD Sep 23, 2006 · Saipem has been awarded two new contracts for onshore construction worth USD 1,420 million. Oilfield field services provider Saipem was awarded an EPC contract valued at $750m in November 2021. Sep 3, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Apr 28, 2021 · Saipem also announced that it has Extended for 3 years (plus 3 additional optional years) the Long-Term Agreement (LTA) frame agreement with Saudi Aramco for conventional offshore E&C activities related to further development plans of existing fields in the Kingdom of Saudi Arabia. 790,83 € fully paid-up - Taxpayer’s code and VAT number: 00825790157 - Economic and Administrative Business - Register Milan no. Specifically, Saipem’s scope of work under the first projectinvolves the Engineering, Procurement, Jul 16, 2024 · The two projects are under an existing long-term agreement (LTA) with Saudi Arabian Oil Co. Jan 9, 2024 · Italian oil and gas giant Saipem announced the successful completion of the South Gas Compression Plant Pipelines project in Saudi Arabia. 2 Saipem’s local content approach in Saudi Arabia 11 6. With this important award, Saipem further strengthens its long-standing relationship with Saudi Aramco and its strategic positioning in the Middle East. A SAPMF, an Italian engineering and construction services company, has secured a major offshore contract from Saudi Aramco. Nov 15, 2022 · The project is scheduled to start in 2023 in continuity with the previous works of the rig in West Africa. Sep 22, 2024 · Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, to develop the Marjan field in Saudi Arabia. The Milan-listed offshore engineering and construction giant said Monday that the deal covers two offshore projects San Donato Milanese (MI), July 9, 2019 - Saipem has been awarded two ne w contracts in Saudi Arabia, worth over USD 3. Jul 15, 2024 · Saudi Aramco has awarded Saipem two offshore projects in Saudi Arabia under an existing long-term agreement. Jul 24, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Jul 14, 2022 · Saipem said on Thursday that the agreement is meant for “the execution of onshore EPC projects in the kingdom by a newly established entity, to be incorporated by Saipem and NSH in Saudi Arabia”. The contract, worth approximately $2 billion, falls under the Milan (Italy), July 15, 2024 – Saipem has been awarded two offshore projects in Saudi Arabia, the under existing Long-Term Agreement (LTA) with Saudi Aramco. The Italian oilfield services company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Jul 27, 2023 · Saudi Arabia. Sep 5, 2024 · The award follows the award of two offshore projects in Saudi Arabia in July, under its Long-Term Agreement (LTA) with Saudi Aramco, together amounting to US$500mn and relating to the Abu Safa, Berri and Manifa fields Saipem has a longstanding relationship with Saudi Aramco, and a strong presence in the Saudi Arabia and throughout the region. Upstream oil and gas news for exploration and production professionals Apr 3, 2023 · The third contract has been awarded under the Aramco LTA program in Saudi Arabia. 1 day ago · Saudi oil giant Aramco has signed engineering, procurement and construction (EPC) agreements with six joint venture firms led by global industry heavyweights such as India's Larsen and Toubro (L&T), Korean groups Samsung and Hyundai as well as Italian contractor Saipem as part of its long-term growth strategy. ADNOC was the top issuer, with contracts worth $29. 24 Feb 2025. The scope of work involves the engineering, procurement, construction, and installation of five platforms and associated subsea pipelines, flowlines, and cables in the Marjan field, offshore Saudi Arabia, featuring an Sep 18, 2024 · (WO) – Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. Jul 9, 2019 · The two projects, encompassing engineering, procurement, construction and installation, have been awarded by the Saudi Arabian Oil Company (Saudi Aramco) to the Onshore E&C division and involve the development of the land facilities of the Berri and Marjan gas fields, both located in the Arabian Gulf. Saipem secured two offshore projects in Saudi Arabia worth $500 million as part of an existing long-term agreement with the state-owned oil giant Aramco earlier in 2024. Sep 23, 2024 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. saudi arabian saipem co ltd. Fabrication for these projects will be carried out at Saipem’s Saudi fabrication yard, which will support the development of local industry. Jul 15, 2022 · Italian engineering major Saipem has joined forces with the Saudi construction company, Nasser S. Sep 20, 2024 · Saipem has been awarded a $2 billion offshore contract with Saudi Aramco for the development of the Marjan oil field in Saudi Arabia. The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field Jul 15, 2024 · Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement arrangement. , aiming to increase and develop the capabilities of local Saipem, in tandem with Saudi Aramco, achieved a new pipeline shore pull record with the Berri Downstream Pipeline. Aug 20, 2024 · Register for MEED's 14-day trial access . Jul 15, 2024 · Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco. Sep 4, 2024 · Saipem will deploy its construction vessels operating in the region for the offshore component of the two projects. Apr 23, 2024 · MILAN, April 23 (Reuters) - Italy's Saipem , opens new tab said on Tuesday that a temporary suspension of oil drilling contracts by Saudi Aramco , opens new tab would have a low impact, leaving Jul 15, 2024 · Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has been awarded two offshore projects worth a total of $500 million in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi oil giant Aramco. Sep 20, 2024 · Saipem S. 1 Saipem in Nigeria 15 7. One covers the engineering, procurement, construction and installation of three production-deck modules (PDMs), as well as 33km of subsea pipelines and Jan 10, 2024 · Italy’s Saipem has announced in a LinkedIn post that it has completed the ‘South Gas Compression Plant Pipelines’ project, which is designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. The scope of work involves the engineering, procurement, construction, and installation of five platforms and associated subsea pipelines, flowlines, and cables in the Marjan field, offshore Saudi Arabia, featuring an Sep 18, 2024 · Saipem announced in a statement that it has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. It continuously contributes to the construction of components for the Arabian Gulf. 85bn, followed by Saudi Aramco with a contract value of $24. Al Hajri Corporation (NSH), through a joint entity, EPC National Champion. Jul 17, 2019 · Norbert Plambeck, shareholder of Plambeck Emirates, stated “The development of the floating offshore wind farm project is part of the new 5 gigawatt (GW) Wind Market concept, which has been proposed to Saudi Arabia,”. Jul 25, 2018 · Saipem has been awarded a contract in Saudi Arabia by the national oil company Saudi Arabian Oil Company (Saudi Aramco) for procurement and construction in relation to the “South Gas Compression Plant Pipelines” project for the development of the Haradh gas plant (HdGP), located in the east of the country. These two projects are part of the ongoing long-term agreement (LTA) with Saudi Arabian oil group giant, Saudi Aramco. Sep 18, 2024 · This important contract, at the backdrop of the recent awards by Saudi Aramco to Saipem, reinforces company’s long-standing presence in the Kingdom of Saudi Arabia. The initiative, known as the Haradh and Hawiyah Increment, forms a vital component of Saudi Aramco’s strategy to augment gas production and facilitate energy transition within the Kingdom. Nov 16, 2017 · San Donato Milanese (MI), November 16, 2017 – Saipem has been awarded a new contract in Onshore E&C. 5 billion. The project has been awarded by Saudi Aramco. The aim of the company is to fabricate offshore structures & accessories at King Abdul Aziz Port of Dammam. Jun 27, 2023 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. Dec 27, 2024 · Saipem, an Italian and the largest multinational oilfield services company in the world has awarded with the two offshore projects worth of approximately $500 million (€ 458. 66 billion from the Saudi company between 2021 and 2023. 788744 (Saudi Aramco / NSH /Saipem), Marjan. Both involve the installation of platforms in the waters of the Gulf. 08% Sep 21, 2021 · Saipem announced in a statement that it has signed a Memorandum of Understanding (MoU) with Saudi Aramco, aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. 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