New E&C, drilling contracts worth USD 2B for Saipem

Saipem has been awarded a new engineering and construction contract in Saudi Arabia as well as new drilling contracts in the Middle East and in Latin America cumulatively valued approximately USD 2B.

Saudi Aramco has awarded Saipem an EPC contract relating to the expansion of the onshore production centres at the Khurais, Mazalij and Abu Jifan fields. The construction of new facilities will allow to process additional 300,000 barrels per day from the Khurais field, while the installation of new satellite facilities will reinstate production of 200,000 barrels per day from the Abu Jifan and Mazalij fields. The Khurais field is located about 150km north-east of Riyadh and it is a giant oil field, 127km long and covering an area of 2890km2.

Saipem has secured a new drilling contract for Perro Negro 7 jack-up, operating offshore in the Middle East, starting from November 2015 until the end of 2018. Saipem has also been awarded new contracts relating to nine onshore drilling rigs operating in the Middle East and in Latin America. The contracts have been signed under different terms, varying from three months to three years, and starting at different dates during 2014 and 2015.

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