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Saipem secures new E&C contracts worth $950 million


Published Sep 26, 2012
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Saipem has signed new E&C Offshore contracts in Angola, Kazakhstan and North Sea, worth approximately $950 million.

In Angola, Saipem has been awarded an EPCI contract by CABGOC for the Congo River Crossing Pipeline Project, to be developed off the coasts of Angola and the Democratic Republic of Congo.

The scope of work includes the engineering, procurement, fabrication and installation of 3 subsea pipelines, 20 and 22 inches in diameter, with a total length of 68 miles (110 kilometers), in water depths of up to 384 feet (117 meters), and of subsea spools, as well as the trenching and crossing works. The marine activities will be performed by the pipelayer Castoro 7 between the fourth quarter of 2012 and the fourth quarter of 2013.

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