Delays impact Saipem offshore pipelay programs

June 17, 2013
Saipem says the productivity of its new flagship pipelay vessel Castorone will be below expectations in 2013.

Offshore staff

SAN DONATO MILANESE, Italy – Saipem says the productivity of its new flagship pipelay vessel Castorone will be below expectations in 2013.

This follows longer-than-anticipated sea trials which overran by a fortnight, and resolution of technical issues that came to light during the trials.

In addition, a project related to construction of a new vessel, which was due to be delivered this month to the client, has incurred additional costs. One reason is the extra work required as a result of faulty equipment delivered to Saipem, which has had to be returned to suppliers for replacement.

6/17/2013