New E&C Offshore Contracts Worth Over $1 billion

Press Release
Thursday, May 05, 2011

San Donato Milanese (Milan), 3 May 2011 – Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil.
 
The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013.
 
In China, Husky Oil China Ltd awarded Saipem the contract for the Liwan 3-1 Field – Deepwater EPCI. The scope of work includes the engineering, procurement, construction and installation of two 22 inch diameter 79-kilometres-long pipelines, umbilicals, along with the transport and installation of a subsea production system linking the wellheads to a processing platform.
 
The Liwan 3-1 gas field, is located in the Block 29/26 in the South China Sea in 1500 metres water depth and approximately 300 kilometres south of Hong Kong. It represents the first offshore field developed in deep water in the South China Sea.
 
In Brazil, the Brazilian oil company Petrobras has awarded Saipem an EPIC contract for the Guara & Lula-Northeast gas export pipelines, in the Santos Basin, approximately 260 kilometres off the coasts of the Rio de Janeiro and São Paulo States, in water depths of between 2,100 and 2,200 metres.
 
The contract encompasses the transportation, installation and pre-commissioning of two export sealines, as well as the engineering, procurement and construction of related subsea equipment: the first line, 18 inch in diameter and 54-kilometres-long, will connect the Guara FPSO vessel (Floating Production Storage and Offloading) to a subsea gathering manifold in the Lula field; the second line, 18 inch in diameter and 22-kilometres-long, will connect the Lula-Northeast FPSO to the same manifold in the Lula field.
 
Source: Saipem

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Great Lakes Inks M.E., N.C. Coastal Protection Project Deals

Great Lakes Announces $55 Million in Subcontract Work in the Middle East and Award of $38 Million for a Domestic Coastal Protection Project Great Lakes Dredge

Olympic Subsea Vessel Bags Contract

Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client  to work on a renewable energy project.

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

Offshore

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0884 sec (11 req/sec)