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The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
MILAN - Italian energy engineering group Saipem said on Wednesday it had won an offshore contract worth around $2 billion for the development of the Marjan oil field in Saudi Arabia.
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco, the company said in a statement.
Saipem said earlier this month it had won two other offshore contracts with Saudi Aramco worth about $1 billion in total, and an offshore contract worth $4 billion with QatarEnergy, one of the worlds top LNG suppliers.
Under the deal announced on Wednesday, Saipem said it would provide "engineering, procurement, construction and installation of wellhead platforms topsides, wellhead platforms jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables."
By 1143 GMT Saipem shares were up 1.48% |
