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Saipem inks $1.3B deal to build offshore Middle East pipeline

Saipem SpA has been awarded contract worth $1.3 billion to help design and build a pipeline project in the offshore sector of the Middle East.

The contract includes engineering, procurement, construction and installation activities associated to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.

Headquartered in Milan, Italy, Saipem SpA engages in the drilling, engineering, procurement, construction and installation businesses.