Saipem announced in a statement that it has been awarded two offshore projects in Saudi Arabia, totaling approximately $500 million. These projects are part of the existing Long-Term Agreement (LTA) with Saudi Aramco.
The first project involves the Engineering, Procurement, Construction, and Installation (EPCI) of a 50 km crude trunkline with a diameter of 42” for the Abu Safa Field. The second project focuses on the production maintenance programs for the Berri and Manifa Fields.
The award of these significant projects further solidifies Saipem’s presence in the Middle East.