Saipem wins new contract in Azerbaijan worth $1.3bn

Saipem wins new contract in Azerbaijan worth $1.3bn

Saipem-3000Saipem, along with consortium partners Bos Shelf and Star Gulf, have been awarded call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, the Italian EPC company has announced.

The total value of the contract is approximately $1.5bn, with Saipem’s share accounting for around $1.3bn, and has a duration of five years plus a possible extension for a further five.

The scope of work includes the transport and installation of subsea production systems and subsea structures, laying of fiber optic cables and production umbilicals, laying of 90 kilometers of pipelines, the activation, crewing and operations management of newbuild subsea construction vessel Khankendi, SCV diving support, remotely operated vehicle (ROV) support and marine base management post 2017.

The Shah Deniz field is located 90 kilometers offshore Azerbaijan, in water depths from 75 to 550 metres.

Related Post

China Three Years Late on Installing Offshore Wind... BEIJING - China is three years behind schedule on a plan that would make it the world’s biggest market for offshore wind, a setback for the $15 billio...
Energjia, duhen 50 milionë euro. Thatësira prek bu... Shqipërisë do t’i duhet të shpenzojë të paktën 50 milionë euro të tjera për të blerë energji elektrike nga importi gjatë dy muajve të ardhshëm. Korpo...
IAP project counts on EU, US support The countries involved in the construction of the Ionian-Adriatic Pipeline (IAP), Albania, Montenegro, Bosnia and Herzegovina and Croatia count on the...
Albanian Officials Sued for Loss-Making Energy Dea... The energy minister and state attorney are being sued over an agreement to resolve a dispute they signed with power giant CEZ which allegedly cost the...
Wang Yi Holds Talks with Foreign Minister Ditmir B... On August 25, 2016, Foreign Minister Wang Yi held talks in Beijing with visiting Foreign Minister Ditmir Bushati of Albania. Wang Yi expressed that A...
share