SAN DONATO MILANESE, Italy -- Saipem has won new offshore contracts in various locations worth over €1 billion ($1.267 billion) in total.
The work scope includes laying of pipelines, field development, and platform fabrication and installation. Most of the programs will be executed during 2010-12.
Two of the major programs are in the Caspian Sea and offshore Brazil. In the Kazakh sector of the Caspian, Saipem has signed an extension of its Kashagan Trunklines contract with Agip KCO through December 2011 covering installation of the pipeline system connecting the offshore production facilities.
This will be conducted as part of the experimental phase of the Kashagan field development program. The location is around 80 km (50 mi) southeast of the port of Atyrau.
The contract encompasses engineering, procurement, fabrication, and installation of the production and service pipelines (total length around 34 km, or 21 mi), and associated umbilicals and power and fiber optic cables (40 km, or 25 mi, in total).
Saipem also is responsible for the design and installation of pre-investment pipeline stubs with a total length of around 5.2 km (3.2 mi), which will allow implementation of future field development phases without the need for production shutdowns.
Offshore activities will be managed by the Castoro 12 and Castoro 16 vessels equipped with trenching and backfilling equipment specially developed for conditions in the northern part of the Caspian Sea, i.e. very shallow water, severe weather, and restrictions imposed by environmental conservation measures.
Off Brazil, Petrobras, has awarded Saipem the EPIC contract for the P55-SCR project. This covers supply and installation of risers and flowlines serving the semisubmersible platform P-55 which will be installed in the Roncador field, in the Campos basin, 120 km (75 mi) off the coast of Rio de Janeiro state.
Altogether, Saipem will install 25 km (15.5 mi) of flowlines, and 16 steel catenary risers, in diameters ranging from 8-12-in. (20.3-30.5 cm), with a total length of around 50 km (31 mi) of rigid pipe. These will connect the subsea wellheads to the P-55 platform, in water depths ranging from 1,500-1,900 m (4,921-6,233 ft).
Installations will be performed in the second half of 2012.
Agip KCO extends Kashagan trunklines contract
Saipem has won new offshore contracts in various locations worth over €1 billion ($1.267 billion) in total.