Saipem wins contracts totaling $650 million

ESSO Exploration Angola (Block 15) has awarded Saipem lump-sum turnkey contracts for work on the Kizomba Satellites Project offshore Angola.

Offshore staff

MILAN -- ESSO Exploration Angola (Block 15) has awarded Saipem lump-sum turnkey contracts for work on the Kizomba Satellites Project offshore Angola.

Saipem will be responsible for the engineering, construction, transportation, and installation of pipelines, umbilicals, risers, and subsea systems connecting the Mavacola and Clochas fields to the existing FPSO units at Kizomba A and B. Offshore operations will be carried out in 2011 by the vessels FDS and Saipem 3000. A portion of the subsea equipment will be fabricated in Angola at Saipem’s Ambriz and Soyo yards.

Eni has also awarded Saipem a lump-sum turnkey contract for offshore works in the Mediterranean Sea. Saipem’s vessel Castoro 7 (formerly Acergy Piper), acquired at the beginning of the year, will carry out the works, scheduled to be completed in the third quarter.

The contracts total $650 million.

07/28/2009

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