In an announcement despatched to Rigzone on Monday, Saipem introduced that it has been awarded a further offshore contract in Saudi Arabia beneath its current long-term settlement with Aramco.
Saipem, which revealed that the deal is price roughly $500 million, mentioned its scope of labor contains the Engineering, Procurement, Development and Set up (EPCI) of a 48-inch trunkline, comprising roughly 40 miles offshore and 7 miles onshore, in addition to related subsea services within the Safaniya oil area. Safaniya is likely one of the world’s largest offshore oil fields, Saipem highlighted.
Offshore operations might be carried out by Saipem’s building vessels at present deployed within the area, based on the corporate, which revealed that fabrication actions might be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam.
“Mission execution is anticipated to leverage Saipem’s confirmed expertise in delivering strategic pipelines and offshore infrastructure within the area, mixed with its superior engineering capabilities,” Saipem mentioned within the assertion.
“Actions might be executed in compliance with the best requirements of security, high quality, and environmental safety that characterize all Saipem’s operations, aimed toward guaranteeing effectivity and reliability at each stage,” the corporate added.
“The mix of enhanced native capabilities and slicing‑edge technical experience is anticipated to assist the environment friendly improvement of strategic vitality infrastructure in Saudi Arabia,” Saipem continued.
Within the assertion, Saipem mentioned this new award reinforces its long-standing presence in Saudi Arabia.
“It moreover additional consolidates its long-standing relationship with Aramco, confirming Saipem’s functionality to ship built-in, excessive‑high quality options for complicated offshore developments,” the corporate famous.
In an announcement posted on its web site in April final yr, Saipem mentioned it had signed a renewal for its framework settlement with Aramco. The long-term settlement now extends till the top of 2027, based on that assertion.
“With the renewal of the long-term settlement, Saipem is reconfirmed within the unique listing of contractors chosen by Saudi Aramco who’re eligible to bid for work orders, generally known as CRPOs (Contract Launch Buy Orders),” that assertion famous.
“These contracts might relate to each the development of recent funding tasks and any tasks aimed toward sustaining manufacturing capability from Saudi Arabia’s offshore fields,” it added.
This Saipem assertion highlighted that Saipem and Saudi Aramco “have a protracted historical past of collaboration on onshore, offshore and drilling tasks”.
“The renewal of the long-term settlement confirms the belief in Saipem’s high-quality companies, superior know-how and experience, reaffirming the corporate’s key position and lasting presence within the Kingdom of Saudi Arabia’s offshore oil and gasoline sector,” Saipem mentioned in that assertion.
In an announcement posted on its website on December 31, 2025, Saipem revealed that it had been awarded an offshore contract by Turkish Petroleum OTC for added actions as a part of the extension of the third section of the Sakarya gasoline area improvement mission in Turkish sector of Black Sea. The worth of the contract is roughly $425 million, Saipem highlighted on the time.
In an announcement posted on its website the day earlier than, Saipem mentioned it had been awarded two offshore contracts in Saudi Arabia beneath its long-term settlement with Aramco. These are price round $600 million, based on Saipem.
The primary contract has a period of 32 months and encompasses the EPCI of roughly 21 miles of pipeline, with diameters of 20” and 30″, and associated works on topside constructions on the Berri and Abu Safah oil fields, Saipem highlighted, including that the second contract has a period of 12 months and contains subsea interventions at Marjan area and the EPC of 300 meters of onshore pipeline and related tie-ins.
On December 21, 2025, Saipem introduced that, in partnership with Offshore Oil Engineering Co. Ltd. (COOEC), it had been awarded an offshore EPCI contract by QatarEnergy LNG for the COMP5 package deal of the North Discipline Manufacturing Sustainability (NFPS) Offshore Compression Complexes mission. The general worth of the contract is roughly $4 billion and Saipem’s share quantities to roughly $3.1 billion, Saipem highlighted on the time.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
