Offshore staff

MILAN, Italy -- Two contracts totaling $430 million for construction offshore Egypt and Brazil were awarded Saipem.

Burullus Gas Co. awarded an engineering, procurement, installation and construction contract for expansion of Scarab/Saffron and Simian subsea developments in the Nile River delta 120 km northeast of Alexandria.

The work covers subsea development system for eight additional wells at maximum water depths of 1,000 m. Work will be bySaibos FDS and the Sonsub Normand Cutter. Completion is scheduled for the end of 2007.

Companhia Mexilhao do Brazil contracted for transportation and installation of offshore structures in its Santos basin field 140 km off the state of Sao Paulo. The work includes jacket, piles and topside modules for the PMXL-1 platform.Saipem 7000 will do the work in the first half of 2009.

8/7/06