Saipem new projects in saudi arabia latest news Sep 4, 2024 · Established in 1957, Saipem is a leading oil and gas contractor with nearly 50 years of experience in Saudi Arabia, delivering onshore, offshore, and drilling projects. The contract was signed under an existing long-term agreement with Saudi Aramco, the state oil giant. , aiming to increase and develop the capabilities of local Sep 19, 2024 · Saipem, the Italian energy engineering group, has announced the award of a $2 billion offshore contract for the development of Saudi Arabia’s Marjan oil field. The first field spans both onshore and offshore areas along the eastern coast of Saudi Arabia and was discovered in 1964, with crude oil production commencing in 1970. *** In order to receive email notifications regarding our updates, please subscribe us. 66m) in Saudi Arabia through its ongoing long-term agreement with Saudi Aramco. Fabrication for these projects will be carried out at Saipem’s Saudi fabrication yard, which will support the development of local industry. The company stated that the duration of contracts is 5 years and 10 years respectively. The complete development of the two fields encompasses the engineering, procurement, fabrication and […] Oct 6, 2022 · Under the agreement, Hyundai E&C plans to carry out major projects through this new joint venture, and to promote cooperation and localisation strategies such as fostering local EPC companies in Saudi Arabia and expanding the recruitment of local manpower for successful project execution. Jun 30, 2024 · Saudi Arabian Oil Co. Courtesy Saipem. Jul 15, 2024 · Milan (Italy), July 15, 2024 – Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Norbert Plambeck, shareholder of Plambeck Emirates LLC, stated: "The development of the 500 MW floating offshore wind farm project is part of the new 5 GW "Wind Market” concept, which has been proposed to Jul 15, 2022 · Italian firm Saipem has signed an agreement with construction company Nasser S. The major undertaking aims to extend the life of gas wells in the Haradh and Hawiyah fields. Al Hajri Corporation (NSH) and Aramco to launch a new entity in Saudi Arabia. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. ” The fabrication activities will take place at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators (STAR) in Dammam. Saudi Aramco has awarded Saipem two new offshore projects in Saudi Arabia, under the two companies’ long-term agreement Nov 30, 2021 · Global Oil & Gas firm, Saipem announced in a statement that it has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. Saipem scoops new offshore contracts totalling $720 million Saudi Aramco to renew lucrative Oct 18, 2024 · SAIPEM SpA - Registered office: Via Luigi Russolo, 5, 20138, Milano - Italy Corporate capital: 501. Sep 20, 2024 · Saipem S. Nov 30, 2021 · San Donato Milanese (Italy), November 30, 2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. For the first project, Saipem’s scope of work includes the engineering, procurement, construction, and installation (EPCI) of a crude trunkline approximately Sep 6, 2024 · The fabrication related to the projects will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Both involve the installation of platforms in the waters of the Gulf. Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg. This new project strengthens Saipem’s ongoing partnership with Aramco. Jul 11, 2019 · The projects have been awarded to the Onshore E&C division of Saipem and will encompass engineering, procurement, construction and installation services for the Saudi oil company. Back to the top 22. 5 billion, for the North Field production sustainability offshore compression complexes project – [COMP 2], awarded in Jul 27, 2023 · Saudi Arabia. 788744 6 days ago · Access New Project Contract award and tender information in Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and United Arab Emirates (UAE), Riyad, Dubai, Jeddah, NEOM, Red Sea Development, Amaala, ROSHN, Diriyyah Gate, Qiddiya Saipem has been awarded a new contract in Onshore E&C. The overall amount of the two projects is approximately 500 million USD, according to the company's release. May 24, 2021 · The successful bid for the Berry oil and gas processing project is another large-scale overseas project won by the Sinopec Corporation in the epidemic crisis as a market development opportunity in Saudi Arabia, statement said. Apr 3, 2023 · The first contract has been assigned by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 km offshore Angola, about 20 km west of the The Barzan Pipeline Project included the decommissioning and installation of new pipelines to deliver sour gas from three well sites with unmanned wellhead platforms, all located in the North Field Offshore of the State of Qatar, to an existing onshore Gas Plant located at Ras Laffan Industrial City, Qatar. Jul 15, 2024 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. The project comes under the Sep 16, 2024 · The two projects are part of a long-term agreement with Aramco, the Saudi Arabian Oil Group, a state-owned petroleum, and natural gas company that is the national oil company of Saudi Arabia. 4 billion, for phase two development at Jafurah. Al Hajri Corporation (" NSH "), have signed with Aramco an industrial national engineering, procurement, and construction (EPC) champion implementation agreement (the " Agreement "), as part of Namaat Industrial Investment Programs event, for the execution of onshore EPC projects in the Kingdom by Jan 9, 2024 · Italian oil and gas giant Saipem announced the successful completion of the South Gas Compression Plant Pipelines project in Saudi Arabia. Nov 18, 2020 · Saipem and Saudi Aramco already under an equivalent Long Term Agreement for offshore activities in Saudi Arabia, extended in 2015. 489 million, of which €2,344 million to be executed in the second half of 2024. 5 billion. These long-term awards in the Middle East confirm Saipem strategy towards this key area for its business and the awards in West Africa secure the continuity of operations in line with Saipem strategy for the ultra-deepwater market in this Sep 5, 2024 · The award follows the award of two offshore projects in Saudi Arabia in July, under its Long-Term Agreement (LTA) with Saudi Aramco, together amounting to US$500mn and relating to the Abu Safa, Berri and Manifa fields Saipem has a longstanding relationship with Saudi Aramco, and a strong presence in the Saudi Arabia and throughout the region. Tags Sep 16, 2024 · Earlier this month, Saipem secured two offshore contracts in Saudi Arabia, with a combined value of approximately $1bn. Saudi Aramco has awarded Italian contractor Saipem an estimated $2bn-2. Sep 7, 2021 · Namaat means (collective) growth in Arabic and the program aims to tap into the vast opportunities available in Saudi Arabia to create new value, and drive economic expansion and diversification. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the south-east of the Arabian Peninsula, which is part of the development plans to meet the country’s energy needs. The Company has awarded 16 contracts, worth a combined total of around $12. The Milan-listed offshore engineering and construction giant said Monday that the deal covers two offshore projects Jan 20, 2023 · 15/07/2024 - Saipem awarded two offshore projects in Saudi Arabia worth approximately 500 million USD; 12/07/2024 - Saipem: framework agreement with BP for offshore activities in Azerbaijan; 21/05/2024 - Saipem: three new contracts awarded by TotalEnergies E&P Angola Block 20 for the Kaminho project for an overall amount of 3. The value of the Jan 4, 2024 · Saipem announced in a statement that, it has completed the “South Gas Compression Plant Pipelines” project aiming to increase the life of a substantial number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. 63 billion) from the Saudi group between 2021 and 2023. The Italian oilfield services company’s first EPCI contract involves a 42in diameter, 50km crude trunk line for the Abu Safa field, an offshore oilfield shared by Bahrain and Saudi Apr 3, 2023 · Saipem announced in a statement that it has been awarded three new offshore contracts and two competitive FEED contracts totalling approximately 650 million USD. Sep 4, 2023 · “The JGC Group will continue to aim to win orders for projects planned by Saudi Aramco, realizing job creation and technology transfer to many Saudis through the execution of such projects, thereby contributing to the further development of the Kingdom of Saudi Arabia,” JGC said at the time of the contract award. 790,83 € fully paid-up - Taxpayer’s code and VAT number: 00825790157 - Economic and Administrative Business - Register Milan no. Sep 4, 2024 · Saipem will deploy its construction vessels operating in the region for the offshore component of the two projects. , aiming to increase and develop the capabilities of local industry. Nov 15, 2022 · The project is scheduled to start in 2023 in continuity with the previous works of the rig in West Africa. The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field Initiating the new market in Saudi Arabia is an important opportunity to be seized and we are ready with Plambeck for this new challenge". (Saudi Aramco) signed contracts for the second phase of Jafurah field project and the third stage of expanding its Master Gas System project (MGS), at a total value $ 25 billion. Contract awards. The scope of work involves the engineering, procurement, construction, and installation of five platforms and associated subsea pipelines, flowlines, and cables in the Marjan field, offshore Saudi Arabia, featuring an Sep 4, 2024 · The first of the latest offshore contracts duo, secured in Saudi Arabia under the existing long-term agreement with Aramco, will see Saipem handle the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 33 kilometers of subsea rigid pipelines with diameters of 12 inches and 16 inches, and 34 kilometers of subsea power cables. This comes close on the heels of Saipem's recent contract win for offshore EPC services from QatarEnergy LNG as part of the Combined COMP3A &COMP3B of the North Field Production Aug 12, 2024 · Expansion of the Marjan, Berri and Zuluf oilfields is key to maintaining Saudi Arabia’s oil production capacity at 12 million barrels per day in the coming years and also provides Aramco with a Jul 15, 2024 · Italian offshore energy services firm Saipem has secured two offshore projects in Saudi Arabia under its existing long-term contract with Saudi Aramco, the state-owned oil and gas giant. 5 billion San Donato Milanese - Saipem has been awarded two new contracts in Saudi Arabia, worth over USD 3. Jul 11, 2024 · ADES Holding Company, Saudi Arabia announces that it has secured a contract extension for one of its standard jackup drilling rigs operating in the Kingdom of Saudi Arabia (“KSA”). ozp usmwbna hltxb zryzfglwk ezlhd akdkwy cgttue lrev srebn fbg tqdy wjdwur olmzihyq gxdtfd ynaujr