Saipem lands $230-million in two contracts

Offshore staff

MILAN, Italy --Saipem SpA has signed contracts in Kazakhstan and Egypt for offshore work totaling $230 million.

Kazakhstan Agip KCO awarded the Saipem and Aker Kvaerner a contract as part of an experimental program in the Kashagan field development in the Caspian Sea.

In Egypt, Saipem won a contract along with the PMS consortium for laying a 32-inch (81- cm) pipeline connecting the El-Gamil gas processing plant with a platform in the Denise Pliocene gas field, located 60 km (40 mi) off the Egyptian cost. Work will be carried out in the second half of 2007.

07/10/2007