Saipem awarded US$1.7 bln North Field contract from Qatargas

Saipem has received from Qatargas a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East cost of Qatar peninsula. The contract is worth US$1.7 billion.

The scope of work encompasses the Engineering, Procurement, Construction and Installation of various offshore facilities for the extraction and transportation of natural gas, including platforms, supporting and connecting structures, subsea cables and anticorrosion internally cladded pipelines. Furthermore, the project encompasses the decommissioning of a pipeline and other significant modifications to existing offshore facilities.

Pipe-laying and lifting operations will be executed by the DE HE vessel in water depths of approximately 65 meters, leveraging on Saipem’s high-end welding technology for corrosion resistant cladded pipelines to meet Client’s stringent quality requirements.

The project aims at increasing the early gas field production capacity to 110 million tonnes per annum.

Saipem has recently expanded its offices in the country and strengthened its fabrication capability by cooperating with a local fabrication yard, offering a sustainable Qatar-based execution scheme.

Stefano Porcari, Saipem E&C Offshore Division COO, commented: “This acquisition by Qatargas consolidates our position in the gas sector, confirms our strategic role in the energy transition and represents a token of confidence in Saipem's experience and proven ability to successfully execute and deliver challenging projects. Furthermore, it also confirms the relevance and effectiveness of the early engagement model adopted through our division XSIGHT, which recently concluded, ahead of time, the Front-End Engineering Design contract for the whole NFPS development programme”.