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2018-06-06 11:35:00

SAIPEM'S CONTRACT $1.3 BLN

SAIPEM'S CONTRACT $1.3 BLN

SAIPEM - Saipem has been awarded a Pipeline Project in the E&C Offshore sector in the Middle East worth approximately 1.3 billion USD.

The contract involves Engineering, Procurement, Construction and Installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch Corrosion-Resistant Alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.

The award includes the novation of substantial CRA Linepipe and Long Lead Items contracts.

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Earlier:

 SAIPEM ADJUSTED NET PROFIT: €151 MLN
2017, October, 25, 12:05:00

SAIPEM ADJUSTED NET PROFIT: €151 MLN

“Despite the persistence of a challenging market context, Saipem’s performance in the first nine months of 2017 was solid from both an operational and management point of view, enabling the Company to confirm the guidance for 2017. The third quarter saw a downward trend in net debt, a good performance in terms of contract awards in line with the expectations announced with the half-year results, and the full achievement of objectives set by the new Fit for the Future Programme. The presentation of the new name and logo of our conceptual engineering division, “XSIGHT by Saipem”, means that the new Company organization has become fully operational, setting clear targets for improving efficiency and effectiveness”.

 NEW SAIPEM'S CONTRACTS: $430 MLN
2016, September, 23, 21:00:00

NEW SAIPEM'S CONTRACTS: $430 MLN

In Saudi Arabia, Saipem has been awarded an extension of three years to drilling activities being carried out by ten 2000 HP drilling rigs. In South America, in addition to various extensions ranging in duration from two to twenty-four months for medium and high power rigs in Peru, Colombia, Bolivia and Chile, Saipem has also been awarded a new contract for operations in Argentina, which will be carried out by an hydraulic type rig over a period of eighteen months.

 SAIPEM CONTRACT: $1.5 BLN
2016, July, 7, 18:00:00

SAIPEM CONTRACT: $1.5 BLN

Eni engineering and construction subsidiary Saipem on Thursday announced the award of offshore engineering and construction contracts with a combined value of more than USD 1.5 billion, including work related to the Zohr gasfield development project in Egyptian waters.

 SHAH DENIZ $1.5 BLN
2016, May, 10, 18:00:00

SHAH DENIZ $1.5 BLN

BP PLC, on behalf of the Shah Deniz consortium, has let a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 offshore Azerbaijan to the BOS Shelf LLC, Saipem Contracting Netherlands BV, and Star Gulf FZCO consortium.

 ENI SELLS SAIPEM: €6.5 BLN
2015, October, 29, 19:05:00

ENI SELLS SAIPEM: €6.5 BLN

Italy’s Eni executed a sale and purchase agreement to sell a 12% stake in Saipem to Fondo Strategico Italiano, as part of a plan designed to collect €6.5 billion.

 SAIPEM CUTS 8,800
2015, July, 30, 19:10:00

SAIPEM CUTS 8,800

Italian services firm Saipem said Tuesday it will cut 8,800 jobs during the next two years after booking about $1 billion in write downs in the second quarter and slashing its annual guidance.

 RUSSIAN GAS FOR EUROPE
2015, June, 15, 18:45:00

RUSSIAN GAS FOR EUROPE

Gazprom revived its contract with Italian contractor Saipem (controlled by state-run Eni SpA). The Milan-based company had signed two contracts worth €2.4 bn in total for the construction of an undersea pipeline and support services for construction of a second undersea pipeline, both part of much touted South Stream. The contract terms are now being renegotiated, so as to start construction in time for the 2016 deadline.

Tags: SAIPEM