Saipem Secures Major Offshore Contracts in Romania and Germany Worth 1.8 Billion Euros

Saipem has secured two fresh contracts for offshore Engineering and Construction (E&C) endeavors in Europe, specifically in Romania and Germany. These contracts hold a combined value of approximately 1.8 billion euros. The first contract pertains to the Neptun Deep Gas Developmen Project situated in the Black Sea off the coast of Romania. OMV Petrom completed the award procedure for this project.

The project’s scope encompasses the Engineering, Procurement, Construction, and Installation (EPCIC) of several components. These include a gas processing platform located at a water depth of around 100 meters, three subsea developments situated at different water depths (about 1000 meters in the Domino field and around 100 meters in the Pelican field), a 30” gas pipeline stretching approximately 160 km, and a corresponding fiber optic cable connecting the shallow water platform to the Romanian coast. The fabrication of the gas processing platform will take place in Saipem’s facilities in Italy and Indonesia. The offshore operations will be conducted using the Saipem 7000 and JSD 6000 vessels. Technological tests and material analyses for the project will be carried out in Romania through Saipem’s local entity in Ploiesti. The second contract awarded to Saipem comes from GASCADE Gastransport GmbH and involves executing the pipelaying for the “Ostsee Anbindungsleitung” in the Pomeranian Bay, located in northeastern Germany. Saipem’s responsibilities include the transportation and installation of a 48” gas pipeline spanning around 50 km. This pipeline will run from the Lubmin site in northern Germany, situated on the Baltic Sea, to the Mukran port along the east coast of Rügen island. Saipem will also be constructing landfalls as part of this project, utilizing their pipelay barge known as Castoro 10. The “Ostsee Anbindungsleitung” project is scheduled for commissioning in early 2024.