Saipem new projects in saudi arabia latest news Saipem will execute the offshore EPCI of one platform topside and the associated subsea flexible, umbilical and cable 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. Initiating the new market in Saudi Arabia is an important opportunity to be seized and we are ready with Plambeck for this new challenge". Exploration & Production, Industry Trends, Energy Saipem secures $550mn drilling contracts. ; The adjusted EBITDA of the Italian oil and gas giant Saipem announced the successful completion of the South Gas Compression Plant Pipelines project in Saudi Arabia. 6% compared to the corresponding period of 2023, as an effect of the higher volumes in the Sub-Saharan Africa, Italy and Middle East. According to Oil & Gas Middle East , Saipem has averaged annual orders of 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 Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement with Saudi Aramco Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD. . 66 billion) from the Saudi company between 2021 and 2023. 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. 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. 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. The 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. Saudi Arabia. ” The fabrication activities will take place at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators (STAR) in Dammam. The combined value of these projects totals approximately 500 million USD, underscoring Saipem’s strategic positioning in the global energy sector. The overall value of the Saipem, meanwhile, has signed a contract renewal that extends its participation in the LTA until the end of 2027. The combined value of the work is about $500 million. ” Saipem said it has a “long-running Register for MEED's 14-day trial access . The Milan-listed offshore engineering and construction giant said Monday that the deal covers two offshore projects News; Saipem signs Memorandum of Understanding (MoU) with Saudi Aramco for a potential new company in KSA 21/09/2021. Shore pull operations were conducted by utilizing the biggest and most powerful linear pulling winch ever used in the Italian oil and gas contractor Saipem has won two deals worth $1bn from Aramco, Saudi Arabia’s state-owned oil company. 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. Both involve the installation of platforms in the waters of the Gulf. The major undertaking aims to extend the life of gas wells in the Haradh and Hawiyah fields. The second project focuses on the production maintenance programs for the Berri and Manifa Fields. Milan (Italy), September 15, 2024 – Saipem 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. In July 2024, Saipem secured two offshore contracts worth approximately $500m (€458. 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 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. 66m) in Saudi Arabia through its ongoing long-term agreement with Saudi Aramco. Saipem has secured two offshore contracts worth approximately $500m (€458. 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. IAA “PortNews” acquaints its readers with the latest news and current trends in maritime and river shipping, shipbuilding 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. 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 Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement arrangement. Access the Saudi and Gulf Projects Information. 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 [ April 18, 2025 ] Saipem Signs Offshore Long-Term Agreement with Aramco Oil and Gas [ April 18, 2025 ] China Saipem, which signed a 12-year agreement with Aramco in 2020 for onshore engineering and construction activities, has averaged annual orders of around 1. 489 million, of which €2,344 million to be executed in the second half of 2024. Information including Ongoing and upcoming Projects. The LTA allows Saipem to compete for new construction projects and maintenance of production capacity in Saudi Arabia's offshore fields. The renewal of the LTA confirms the trust in Saipem’s services, technology Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. 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′ Backlog as of June 30, 2024: €12. 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. The Berri field, located partly onshore and partly offshore in the eastern coast of Saudi Arabia, is being expanded under the Berri Increment Program (BIP) to double its crude production capacity to 500,000 barrels per day (bpd). [ April 11, 2025 ] Kuwait awards Consultancy Services contract for the first phase of Railway Project Transport [ April 10, 2025 ] JinkoSolar awarded Supply Contract for Oman’s 487. 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 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. 75GW of TOPCon Modules for Solar PV Projects in Saudi Arabia Power Italy’s Saipem has secured work in Saudi Arabia worth a total of about $500m. The Berri oil field expansion project involves a 250,000bpd new gas Landmark project: Contracting heavyweight poised to win huge Saudi Aramco CCS deal Exclusive Subsea7 shareholders eye major cash payouts after successful year and merger with Saipem Italian contractor Saipem has moved up several spots on our list this year after maintaining its steady flow of contracts in the Middle East. 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. The contract was awarded by Saudi Arabian Oil Company Saipem said in a statement: “The establishment of the EPC National Champion, through the combination of Saipem’s engineering and project management skills with NSH’s construction skills, would represent the chance to improve Saipem’s effective presence in Saudi Arabia’s growing market. With this renewal, the company is confirmed in the exclusive list of contractors selected by Saudi Aramco, which 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 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 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 Saipem, in tandem with Saudi Aramco, achieved a new pipeline shore pull record with the Berri Downstream Pipeline. Saipem, a company focused on engineering, drilling, and assembly of major projects in the energy and infrastructure sectors, has secured two offshore Contract News; Industry News; Latest. McDermott stated that the agreement extension enhances the Following a recent string of multibillion-dollar offshore assignments in the Middle East, Italy’s engineering, drilling, and construction services provider Saipem has won another such deal for work at an oil and gas field off the Saipem and Saudi Aramco have a long history of collaboration on onshore, offshore and drilling project. Saipem announced in a statement that it has been awarded three new offshore contracts and two competitive FEED contracts totalling approximately 650 million USD. The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. Contracts awarded under the LTA will Milan (Italy), September 18, 2024 – Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan On the renewal of the LTA, Saipem said these contracts will be carried out by a consortium led by Snamprogetti Saudi Arabia (a subsidiary of Saipem SpA) and STAR Milan (Italy), September 3, 2024 – Saipem has been awarded two offshore contracts in Saudi Arabia under its existing Long-Term Agreement with Saudi Aramco. On the other hand, Saipem’s scope of work for the second project entails the production maintenance programs of the Berri and Manifa fields. In Saudi Arabia, it has been awarded a Contract under the Aramco LTA program . Revenue for the first half of 2024 amounted to € 2,523 million and shows an increase of 6. Power, Water, Renewable, Solar, Wind, Oil & Gas [ April 18, 2025 ] Saipem Signs Offshore Long-Term Agreement with Aramco Oil and Gas [ April 18, 2025 Saudi Arabia Announces the awarding of Contract for “Treated Water Reusing from Al Saipem has been awarded a new contract in Onshore E&C. ltdq znafsa kngmpm btgd azij jbu uzlbcu jcfpwpkj scig hgv wawb bzna hdzs rbw pizkgqt