Thursday, September 27, 2012

Business on Oil: E&C Offshore contracts worth approximately $950 million in Angola

Luanda - Saipem has won new E&C Offshore contracts worth approximately $950 million in Angola, Kazakhstan and North Sea.
Saipem has secured an EPCI contract in Angola from CABGOC for the Congo River Crossing Pipeline Project, which would be built off the coasts of Angola and the Democratic Republic of Congo.
The company will be responsible for the engineering, procurement, fabrication and installation of 3 subsea pipelines, 20 and 22 inches in diameter, having a total length of 68 miles (110 kilometers), in water depths of around 384 feet, and of subsea spools, along with the trenching and crossing works.
The pipelayer Castoro 7 will carry out the marine operations between the fourth quarter of 2012 and the fourth quarter of 2013.
In Angola, Saipem has even entered into an EPCI deal for URF and gas export pipelines. Mainly the deal consists of the engineering, procurement, fabrication, installation and pre-commissioning of in-field and export pipelines of around 62 miles (100 kilometers) in length, along with other associated subsea equipment, in water 230 feet deep. Between the fourth quarter of 2013 and the second quarter of 2015, the offshore operations are to be executed.
With the help of its joint controlled company Ersai Caspian Contractor LLC in consortium with Keppel Kazakhstan LLP, Saipem, has won a contract in Kazakhstan from Teniz Burgylau LLP. This contract includes the fabrication, outfitting and commissioning of a jackup rig. Capacity of the Keppel FELS B Class rig, designed for the Caspian Sea, will be to drill wells up to 20,000 feet and also to operate in water depths of up to 260 feet. Delivery expected during the first quarter of 2015, the final assembly and commissioning will be carried out at the Ersai Kuryk yard.
Saipem has also entered into two contracts for T&I activities which includes the placement of the Saipem 7000 and of the Castoro Sei pipelayer in the UK sector of the North Sea, which is to be done in different timeframes between the second quarter of 2014 and the third quarter of 2015.

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