Saipem wins $2.5bn Saudi, Nigeria deals
Milan, July 27, 2008
Italy's Saipem SpA has won onshore contracts in Saudi Arabia and Nigeria totalling about 1.6 billion euro ($2.51 billion), the oilfield services company said.
Saudi Aramco has awarded Saipem the lump sum turnkey contract for the first package of the Manifa Central Processing Facilities project. It is part of a programme aimed at increasing Saudi Arabia's production capacity by 900,000 barrels per day.
"The contract encompasses the EPC (engineering, procurement and construction) of three gas/oil separation trains (GOSP) with a capacity of 300,000 daily bbl each, gas dehydration, crude inlet manifolds and the flare gas system," Saipem said in a statement.
In Nigeria, Saipem has won new works related to projects already ongoing. - Reuters