Saipem wins second South Stream offshore pipelay job

April 29, 2014  + + +  South Stream Transport has contracted Saipem for construction support services for the second South Stream offshore pipeline. Contract value is around $552 million.South Stream will eventually comprise four parallel gas pipelines across the Black Sea from Russia to Bulgaria, each 931 km (578 mi) long, in water depths of up to 2,200 m (7,218 ft). Saipem was awarded construction of the first line in March. For this latest contract, Saipem will be responsible for engineering, coordination of storage yards, cable crossing preparations, and connecting the offshore pipeline to the landfall sections through tie-ins.

Construction of Line 2 is expected to be completed by the end of 2016.

South Stream Transport is a joint venture between Gazprom (50%), Eni (20%), EDF (15%), and Wintershall (15%).

Saipem awarded $1.8 billion contract for Shah Deniz Stage 2

May 1, 2014  + + +  Saipem awarded $1.8 billion contract for Shah Deniz Stage 2 Saipem has won a new offshore Engineering & Construction contract in Azerbaijan, for a total amount of approximately $1.8 billion.

BP, on behalf of the Shah Deniz consortium, has awarded to the Saipem, Bos Shelf and Star Gulf consortium, a Transportation and Installation contract for the Stage 2 development of the Shah Deniz field.

The field is located 90 kilometers offshore Azerbaijan, in water depths from 75 meters to 550 meters. The scope of work of the contract includes the transportation and installation of jackets, topsides and subsea production systems and subsea structures, the laying of over 360 km pipelines, diving support services and the upgrade of the Pipelay Barge Israfil Huseinov (PLBH), Dive Support Vessel Tofiq Ismailov (DSV) and Derrick Barge Azerbaijan (DBA) installation vessels. The project will be completed by the end of 2017.

Commenting on the award, Umberto Vergine, Saipem CEO, said: “The Caspian is a strategic area for the oil and gas industry and we have been working in the region since 1996. We have built a solid and unique presence in the area thanks to our capabilities and expertise in large and complex offshore projects. I’m very pleased that Saipem will be involved in the development of Shah Deniz Stage 2, which will ultimately deliver gas to Europe”.

Source: Saipem

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