New contracts for Saipem valued at $400 million

New contracts for Saipem valued at $400 million

New offshore E&C contracts were signed by Saipem in Azerbaijan, the North Sea and Congo, totally valued at $400 million. The Azerbaijan contract signed with Total is for SURF supply, whereas Tolmount Development Partners (Premier Oil and Dana Petroleum) signed a contract for pipeline engineering, procurement, construction and installation (EPCI) works for the Tolmount Main gas field (Southern North Sea). Finally, the Congolese contract includes maintenance services, modifications and improvements on all Eni Congo offshore sites in Congo over a 36-month period.