Aramco lets $500-million in offshore contracts

Saudi Aramco has let a contract to Saipem for the engineering, procurement, construction, and installation as well as the trunklines and installation works in Saudi Arabia under a long-term agreement in force, renewed in 2015 until 2021.

Saudi Aramco has let a contract to Saipem for the engineering, procurement, construction, and installation as well as the trunklines and installation works in Saudi Arabia under a long-term agreement in force, renewed in 2015 until 2021.

Aramco also let a contract extension in Angola for the Gimboa floating production, storage, and offloading vessel to Saipem.

Both contracts total $500 million.

The scope of work of the EPCI contract includes the design, engineering, procurement, construction and installation of a total of 19 jackets for the development of Marjan, Zuluf, Berri, Hasbah, and Safaniya fields.

The extended FPSO contract in Angola includes management and maintenance services, personnel, material, and consumable supplies for 3 years, plus one optional year.

Saipem also has defined change orders for projects in West Africa and in the Caspian Sea.

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