Saipem has bagged $7B worth of contracts

📢 The oil and gas giant Saipem has bagged $7billion worth of contracts last month!

Saipem, the Italian energy engineering company, has secured four major contracts in September 2024, with projects in Saudi Arabia and Qatar totaling around $7 billion. 

The deals include two offshore contracts in Saudi Arabia worth approximately $1 billion, awarded under Saipem's long-term agreement with Aramco. These contracts focus on offshore engineering, procurement, and construction (EPC) work for the development of Saudi oil and gas fields.

Another contract also came from Aramco, worth around $2 billion with scope involves the engineering, procurement, construction and installation of topsides, jackets, flowlines and pipelines for Marjan Field.

In Qatar, Saipem won another job from Qatar Energy for the North Field, valued approximately $4 billion and covering the combined natural gas compression projects COMP3A and COMP3B.