Saipem Wins $1.5B E&C Offshore Contracts
In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres, along with associated facilities.
Crude Terminals: Platforms for Iraqi Recovery
Iraq's recovery depends on oil revenues, and the Khawr Abd Amaya Oil Terminal, better known here as KAAOT and the nearby larger Al Basra Oil Terminal (ABOT), are the platforms upon which Iraq's economy depends. Nearly all of Iraq's revenue comes from crude oil, and nearly all of it leaves the country here. These two crude oil transfer terminals in the Northern Arabian Gulf or 'NAG' can accommodate large tankers carrying Iraq's crude oil output that is pumped to the oil platforms (known as OPLATS) by pipeline from Basra.