Saipem/OCK team up for Russia projects

Saipem and Russian company United Shipbuilding Corp. (OCK) have agreed to cooperate on oil and gas project developments in the Russian Federation and elsewhere.

Offshore staff

SAN DONATO MILANESE, Italy – Saipem and Russian company United Shipbuilding Corp. (OCK) have agreed to cooperate on oil and gas project developments in the Russian Federation and elsewhere.

They plan to establish a 50/50 joint venture, with the scope of work including oil and gas project management, engineering, procurement, and construction.

According to Saipem, OCK owns the largest shipbuilding yards within the Russian Federation.

The cooperation agreement involves maximizing local content, through personnel training and integration of EPC expertise in Russia.

09/26/2011

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