Built to inform

Sign up for the daily newsletters

No, Thank you

Saipem wins $3.5bn Saudi Aramco contracts for Berri and Marjan

Italian contractor's latest deals cover engineering and construction work for the Saudi Arabian giant's gas fields

Saipem has won two Saudi Aramco contracts.
Wrtsil / Representational image
Saipem has won two Saudi Aramco contracts.

Loss-making Italian engineering, procurement, and construction (EPC) contractor Saipem has won two onshore engineering and construction (E&C) contracts worth $3.5bn (SAR13.1bn) from Saudi Aramco to develop land facilities at its Berri and Marjan gas fields.

The Milan Stock Exchange-listed business said the first contract, called “PKG-01 Expand Abu Ali Crude & KGP Gas Facilities” for the Berri field, involves the installation of process units at the Abu Ali oil-gas separation plant, part of Aramco’s Berri oil field expansion.

The Marjan field contracts involve the construction of a gas treatment unit, and a facility for the recovery of acid gases for sulfur production.

Saipem said the treatment of acid gases would almost completely eliminate the release of sulfur oxides into the environment, adding that more than 99.9% of the gases would be recovered. 

Commenting on the contracts, Saipem’s chief executive officer, Stefano Cao, added: “The awarding of these new complex contracts testifies to the evolution of our historic relationship with Saudi Aramco and confirms the strategic positioning of Saipem in the Middle East. 

“In the tough context of recent years, Saipem has demonstrated a constant commitment to sustainable economic growth through technological innovation.”

The news comes amid a string of wins at the Italy-based contractor. May 2019 saw it announce two contracts worth $100m for offshore drilling work in Middle East and Norway.

In Q1 2019 alone, the group bagged new contracts worth $2.9bn, three times higher than the $1.1bn of new orders it secured in the first three months of 2018.

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019