Saipem acquires two new contracts in the Middle East and Brazil
Saipem, leader in the provision of services for the energy and infrastructure sectorand wins two new contracts. One for her EPCI offshore activities in the Middle East and the other for it development of underwater drones in Brazil. The total value of these new acquisitions is approx 1 billion dollars.
Under the Long Term Agreement (LTA) in force with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. The assigned activities consist of engineering, procurement, construction andinstallation of five platforms and related subsea pipelines, flowlines and cables in the Marjan field, off the coast ofSaudi Arabiawith an entirely on-site manufacturing scheme.
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The effectiveness of the contract is subject to the occurrence of the customary conditions precedent. With this important order Saipem strengthens further his long-standing relationship with Saudi Aramco and then a strategic positioning in the Middle East.
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