Qatargas lets $4.5-billion contract to Saipem

Oct. 21, 2022
Qatargas has let a contract to Saipem for two offshore gas compression complexes offshore the northeast coast of Qatar aimed at sustaining North Field production. The contract value is about $4.5 billion.

Qatargas has let a contract to Saipem for two offshore gas compression complexes offshore the northeast coast of Qatar aimed at sustaining North Field production. The contract value is about $4.5 billion, the service provider said in a release Oct. 19.

Work on the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 includes the engineering, procurement, fabrication, and installation of the two compression complexes, including two of the largest fixed steel jacket compression platforms ever built, flare platforms, interconnecting bridges, living quarters, and interface modules, Saipem said.

The award, the largest single offshore contract by total value in the company’s history, follows the award in early 2021 related to offshore infrastructure for extraction and transportation of natural gas for the same field.